United States Thin-Film Batteries Market 2025 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

Global Thin-Film Batteries Market reached US$ 190.76 million in 2023 and is expected to reach US$ 1,046.82 million by 2031, growing with a CAGR of 23.79% during the forecast period 2024-2031.

Key Development:

United States: Recent Industry Developments

✅ In October 2025, Ilika Technologies announced the commercial rollout of its Stereax M300 thin-film solid-state batteries for medical implants and industrial IoT sensors. The launch marks a milestone in scaling solid-state microbattery manufacturing in the U.S.

✅ In September 2025, Enovix Corporation unveiled plans to expand its thin-film lithium battery production facility in Fremont, California, backed by a $70 million investment. The expansion will boost production for wearable electronics and smart cards.

✅ In August 2025, BrightVolt Inc. secured $35 million in Series C funding to accelerate R&D and pilot-scale production of flexible thin-film solid-state batteries. The funding round was led by New Science Ventures, emphasizing domestic energy storage innovation.

✅ In July 2025, Solid Power initiated collaboration with the National Renewable Energy Laboratory (NREL) to optimize thin-film electrolyte materials for ultra-high energy density microbatteries. The project aims to advance next-generation solid-state technology for IoT devices.

✅ In June 2025, Cymbet Corporation introduced an upgraded version of its EnerChip rechargeable solid-state thin-film batteries, offering higher temperature tolerance and longer cycle life. The innovation targets wireless sensors, smart labels, and medical microdevices.

Japan: Recent Industry Developments

✅ In October 2025, Murata Manufacturing announced a next-gen thin-film lithium battery for smart wearables and miniaturized medical devices. The company is enhancing production capacity at its Kyoto plant to meet growing demand from Asia-Pacific electronics makers.

✅ In September 2025, TDK Corporation revealed plans to expand its thin-film battery production lines in Akita Prefecture, integrating advanced solid-state layers for improved safety and performance. The expansion supports Japan's strategy for resilient energy storage manufacturing.

✅ In August 2025, Panasonic Energy launched a pilot project on micro-scale solid-state thin-film batteries aimed at powering compact IoT modules and healthcare sensors. The project aligns with Panasonic's vision to commercialize solid-state cells before 2030.

✅ In July 2025, Hitachi Zosen Corporation partnered with Osaka University to develop oxide-based thin-film batteries with superior thermal stability for automotive and aerospace use. Early tests demonstrated enhanced durability under high-stress conditions.

✅ In June 2025, NGK Insulators announced R&D progress on its ceramic thin-film solid-state cells, designed for long-cycle applications such as remote monitoring and environmental sensing. Pilot production is scheduled to start in early 2026.

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Thin-film batteries are lightweight, rechargeable energy storage devices made using thin layers of active materials deposited on substrates. They offer high energy density, fast charging, and flexibility, making them ideal for wearables, IoT devices, and medical implants.

Key Players:

=> Enfucell, Jenax Inc., Molex LLC, NGK INSULATORS, LTD., Panasonic Energy Co., Ltd., ProLogium Technology CO., Ltd., Swatch Group, The Kurt J. Lesker Company, Ultralife Corporation and VARTA AG.

Growth Forecast Projected:

The Global Thin-Film Batteries Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Thin-Film Batteries Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

➥ By Battery: Rechargeable, Disposable

➥ By Technology: Printed Battery, Ceramic Battery, Lithium Polymer Battery, Others

➥ By Voltage: Below 1.5 V, 1.5 to 3 V, Above 3 V

➥ By Capacity: Below 10 mAh, 10 to 100 mAh, Above 100 mAh

➥ By Application: Consumer Electronics, Medical Devices, Smart Packaging, Smart Cards, Wireless Sensors, Others

Regional Analysis for Thin-Film Batteries Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Thin-Film Batteries producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Thin-Film Batteries revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Thin-Film Batteries Market?

A: In 2023, the Thin-Film Batteries Market was valued at US$ 190.76 million, reflecting its strong industry presence.

Q2: How large is the Thin-Film Batteries Market expected to be by 2031?

A: By 2031, industry forecasts suggest the Thin-Film Batteries Market will grow to around US$ 1,046.82 million , demonstrating significant expansion.

Q3: What is the growth rate of the Thin-Film Batteries Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 23.79% during the forecast period from 2024 to 2031.

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