Thursday, 4 October 2018

Flexible Battery Market by Type (Thin-Film (Lithium-Ion, Lithium Polymer) worth 958.4 Million USD by 2022

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.


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
The flexible battery ecosystem comprises raw material providers, battery manufacturers, system integrators, battery pack providers, and distributors. The players involved in the development of flexible battery include LG Chem Ltd. (South Korea), Samsung SDI Co., Ltd. (South Korea), STMicroelectronics N.V. (Switzerland), Blue Spark Technologies, Inc. (U.S.), and Enfucell Oy (Finland).

“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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