According to the new market research report "Thin Film and Printed Battery Market
by Voltage (Below 1.5V, 1.5V to 3V, above 3V), Chargeability
(Rechargeable, Single Use), Application (Smart Packaging, Smart Card,
Wearable Device, Consumer Electronic, Wireless Communication) - Global
Forecast to 2022", the thin film and printed battery market is
estimated to be worth USD 1.25 Billion by 2022, growing at a CAGR of
24.7% between 2016 and 2022. Factors driving the thin film and printed
battery market include the rising need of thin film and printed battery
solutions in healthcare industry, growing opportunities for mobile
medical devices and wireless healthcare monitoring systems, and demand
for ultra-thin printed battery solutions for next-generation smart
textiles.
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Printed batteries expected to grow at a faster rate
than of the overall thin film and printed battery market during the
forecast period. With growing need of new-generation smart textiles
smart textiles in fitness and sports to monitor physical parameters such
as heart rate and blood pressure are driving the need of printed
battery market between 2016 and 2022. Thus, smart textiles require an
ultra-thin printed battery solution to power these integrated sensor
devices. The printed battery can be fixed into the design of smart
textiles as it has advantages such as ultra-thin size and flexibility to
complement their designs. Moreover, printed batteries also enables the
medical device manufacturers to modify the structure of the device and
enhance its efficiency by integrating thin film and printed power
sources during product manufacturing.
Thin film and printed batteries with voltage rating
below 1.5 V held the largest market share of in 2016. As smart cards
require low-voltage batteries, most of the manufacturers are integrating
below 1.5 V thin film and printed batteries for smart cards. Below 1.5 V
thin film and printed batteries are mostly used in low power
applications such as disposable medical patches, iontophoretic
transdermal patches, wireless micro-sensors, promotional toys, and RFID
tags. Moreover, printed battery is an ideal power solution for smart
cards since it can resist heat during the lamination process, which is
an important parameter for smart card manufacturers. Therefore, the
integration of thin film and printed batteries in low power applications
such as smart cards, medical patches, and toys is expected to increase
significantly during the forecast period.
The market for the wearable devices application
expected to grow at a faster rate in the thin film and printed battery
market during the forecast period. Wearable devices application
comprises smartwatches; fitness bands, smart glasses, smart textiles,
smart rings and bracelets, and others require ultra-thin batteries to
comply with the flexibility of the device. The integration of thin film
and printed battery makes the product weigh less and enables it to be
flexible enough to fit into any shape of the product. Wearable devices
such as Fitbit combine the IoT with wearable accessories, blending
fashion and function as they collect data. Moreover, smart textiles
require ultra-thin flexible printed power source that can be integrated
into the flexible design of the fabrics. Therefore, the demand for thin
film and printed batteries is high for wearable devices applications
The APAC region is expected to be the fastest-growing
region in the thin film and printed battery market. Increasing
adoption of printed electronics in the APAC region is driving the
requirement for thin film and printed batteries to comply with printed
smart packaging products. Increasing demand for printed power sources
would drive the thin film and printed battery market in APAC during the
forecast period. Most of the smart card manufacturers in APAC are
integrating thin film and printed batteries because of advantages such
as more flexibility and ability of the battery to sustain rough
handling, thereby driving the market growth. Furthermore, rising
popularity of flexible consumer electronic devices and increasing demand
for portable gadgets is expected to drive the market for thin film and
printed batteries in the APAC region.
Less availability of printed ink materials and lack
of standardization in the development of thin film and printed batteries
are the major restraining factors for the growth of this market. As the
suppliers of printed battery ink materials are limited, availability of
printed ink materials is a major challenge for the battery
manufacturers. However, printing ultra-thin ink mixture for battery
components is also a difficult task to handle during the printing
process.
Key market players of thin film include Panasonic
Corporation (Japan), Samsung SDI Co., Ltd. (South Korea),
STMicroelectronics N.V. (Switzerland), Ultralife Corporation (U.S.), and
BrightVolt, Inc. (U.S.), and printed battery include Blue Spark
Technologies, Inc. (U.S.), Jenax Inc. (South Korea), Enfucell Oy
(Finland), Imprint Energy (U.S.), and Flexel LLC (U.S.).are focusing on
new product launch and development, acquisition and collaboration,
partnership and agreement strategies to enhance their product offerings
and expand their business.
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