The flexible battery market is
expected to witness significant growth; it was valued at USD 69.6
million in 2015 and is expected to grow at a rate of 46.6% during the
forecast period. The increasing development of miniaturized flexible and
portable products with space constraints and the need for thin and
flexible power sources to complement the design of flexible miniaturized
electronic products are the key driving factors for the flexible
battery market. The base year considered for the study is 2015 and the
forecast period is considered between 2016 and 2022. The objective of
the report is to provide a detailed analysis of the flexible battery
market on the basis of type, chargeability, application, and geography.
The report provides detailed information regarding the major factors
influencing the growth of this market. It also gives a detailed overview
of the value chain in the flexible battery market and analyzes the
market trends with Porter's five forces analysis.
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The objectives of the report are as follows:
- To define and segment the global flexible battery market
- To provide detailed information regarding the major factors influencing the growth of the global market of flexible battery (drivers, restraints, opportunities, and challenges)
- To analyze and forecast the market size of flexible battery, in terms of volume and value
- To analyze the market segmentation and project the market size, in terms of volume and value, and for key regions such as North America, Europe, Asia-Pacific, South America, and Middle East & Africa
- To analyze the competitive developments such as new product launches, capacity expansions, mergers & acquisitions, and partnerships & agreements, in the global flexible battery market
- To strategically profile the key players in the global flexible battery market
“Smart packaging application held the largest market size in the overall flexible battery market during the forecast period“
The smart packaging application of the flexible
battery held the largest market size in terms of value in 2015. Smart
packaging includes printed electronics products such as disposable
batteries, sensors, printed displays, and circuits as well as other
electronic features such as anti-theft tags, RFID tags, and smart
labels. The packaging requirements have been growing over the years as
the packaging of products has a direct impact on customers’ decisions.
Therefore, packaging manufacturers are integrating sound and display
text and interactive media in packages using flexible power sources.
These factors are driving the growth of the market for the smart
packaging application of the flexible battery market during the forecast
period.
“Thin-film battery segment to hold the largest share and grow at the highest rate by 2022”
The thin-film battery type is expected to dominate
the global flexible battery market between 2016 and 2022. Thin-film
batteries are used widely in applications such as smart packaging, smart
cards, wearable devices, and medical devices. The trend of
miniaturization in the products used in these applications has increased
the demand for thin-film batteries, thereby driving the growth of
thin-film battery market significantly. Thin-film batteries have a low
self-discharge rate and cost less than lithium polymer batteries. Thus,
they have a huge demand in electronics devices, thereby driving the
growth of the thin-film flexible battery market.
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