Thin Film and Printed Battery Market estimated to be worth 1.25 Billion USD by 2022

The thin film and printed battery market is expected to be worth USD 1.25 Billion by 2022, growing at a CAGR of 24.7% between 2016 and 2022. 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 are the key driving factors for the market. The market has been segmented on the basis of voltage rating, chargeability, application, and region.

Download PDF Brochure:-

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=660

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

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™

UNIT no 802, Tower no. 7, SEZ

Magarpatta city, Hadapsar

Pune, Maharashtra 411013, India

1-888-600-6441