Thin Film and Printed Battery Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

The thin film and printed battery market size is projected to reach US$ 904.94 million by 2031 from US$ 197.31 million in 2023. The market is expected to register a CAGR of 21.0% during 2023–2031. Miniaturization of electronics is likely to remain a key trend in the market.

Thin Film and Printed Battery Market Analysis

Thin film batteries are being increasingly used in fitness bands, smartwatches, headsets, and other wearable electronic devices because of their improved recharge rate and small size. Also, the growing adoption of 5G is raising the demand for connected electronic devices. In addition, the increasing use of smart cards, such as EMV chip card technology, is propelling the demand for thin film and printed batteries worldwide. As smart cards are created at high temperatures of 130–150 degrees Celsius which degrades the organic content of ordinary batteries and prevents them from functioning, the demand for thin film and printed batteries is increasing for the production of smart cards. Furthermore, the growing miniaturization of electronic devices is expected to create growth opportunities for the thin film and printed battery market during the forecast period.

Thin Film and Printed Battery Market Overview

Thin film batteries are solid-state batteries that range in size from nano to millimeters. They consist of an anode, a cathode, an electrolyte, and a separator. Thin film lithium-ion batteries perform better than regular lithium-ion batteries due to their higher average output voltage, lower weight, higher energy density, longer cycling life, and ability to function at temperatures ranging from -20°C to 60°C. These batteries are utilized in a variety of applications, including smart cards, wireless sensors, laptops, touch screens, astronomical mirrors, RFID tags, photovoltaic energy generation and storage, and implantable devices.

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Thin Film and Printed Battery Market: Strategic Insights

Thin Film and Printed Battery Market

• 
  CAGR (2023 - 2031)

  21.0%
• Market Size 2023
  US$ 197.31 Million
• Market Size 2031
  US$ 904.94 Million

Market Dynamics

GROWTH DRIVERS

• Proliferation of 5G
• Rising Demand for Wearable Devices
• Growing Focus on Sustainability

FUTURE TRENDS

• Miniaturization of Electronics

OPPORTUNITIES

• Expansion of Healthcare Industry
• Continuous Research and Development

Key Players

• Molex LLC
• Varta AG
• RENATA SA
• Enfucell Flexible Electronics Ltd
• STMicroelectronics NV
• Samsung SDI Co Ltd
• Ultralife Corp
• Ilika plc
• Imprint Energy
• Excellatron

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Voltage Rating

• Below 1.5 V
• 1.5-3 V
• Above 3 V

Chargeability

• Rechargeable
• Single-Use

Application

• Consumer Electronics
• Medical Devices
• Smart Packaging
• Smart Cards
• Wireless Sensors

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Thin Film and Printed Battery Market Drivers and Opportunities

Emergence of 5G Drives Thin Film and Printed Battery Market Growth

The 5G network is ∼100 times faster than the 4G network, making real-time data acquisition easier. As the 5G network provides strong connectivity and high-speed data transfer, its demand is increasing worldwide. According to the Groupe Speciale Mobile Association (GSMA), 5G penetration globally is expected to reach 54% by 2030 from 17% in 2022. North America recorded the highest 5G penetration, with 39% in 2022; it is expected to reach 91% by 2030. 5G penetration in Asia Pacific (except China) and Europe is expected to increase from 4% and 11% in 2022 to 41% and 87% by 2030, respectively. As 5G is the critical new-generation network technology that can enable innovation and support digital transformation, its demand is increasing worldwide. Therefore, the governments of various countries are investing in 5G infrastructure. In July 2021, the Government of France announced its plan to invest ~US$ 2.06 billion (EUR 1.7 billion) in its 5G market by 2025 via public and private investments. Through this, the government aims to accelerate the development of 5G in the country. Similarly, in January 2021, the Government of South Korea announced that it would increase the coverage of the next-generation mobile networks, particularly 5G, to 85 cities this year from the current seven major cities. It invested ~US$ 115.89 million (KRW 127.9 billion) in 2021 to encourage the use of private 5G networks. With the growing adoption of 5G worldwide, the demand for connected electronic devices is increasing, propelling the thin film and printed battery market growth.

Continuous Research and Development

Due to the rise in focus on sustainability, the researchers are concentrating on developing efficient battery technology that can be manufactured in an eco-friendly way with features such as enhanced safety, faster charging times, tolerance to high temperatures, and fireproofing. They are emphasizing not using any toxic solvents during the production process of thin filmed and printed batteries. In addition, they are more focused on developing batteries that are more efficient than lithium-ion batteries. Therefore, they are looking for investors who can provide the required funds for the R&D of such batteries. They plan to launch them in the market to cater to the demand for efficient battery solutions for its applications, such as wearable devices, smart cards, electronics, and RFID tags. For example, in September 2023, BTRY, a spin-off from the Swiss Federal Laboratories for Materials Science and Technology (Empa) based in the canton of Zurich, announced its plans to drive the coming generation of battery technology forward with an innovative thin film battery. Empa researchers developed a solid-state battery based on lithium metal. With this, they can stack the thin-film cells on top of each other to enhance storage capacity.

The manufacturing process is decided on the basis of the vacuum coating used in the production of semiconductor chips. Further, BTRY is looking for investors for administrative and technical improvements to bring the technology to market. This includes making the battery prototypes larger and more powerful. Thus, such research and development for the advanced battery solution is expected to contribute to its launch, which further creates the opportunity for the thin film and printed battery market growth with its wide adoption.

Thin Film and Printed Battery Market Report Segmentation Analysis

Key segments that contributed to the derivation of the thin film and printed battery market analysis are voltage rating, changeability, and application.

• Based on voltage rating, the thin film and printed battery market is divided into below 1.5 V, 1.5–3 V, and above 3 V. The below 1.5 V segment held the largest market share in 2023. Due to its low voltage output, below 1.5 V thin film batteries are suitable for low voltage applications. These batteries are mostly used in portable electronic devices, such as remote controls, flashlights, and toys.
• In terms of chargeability, the market is segmented into rechargeable and Single-Use. The rechargeable segment held a larger share of the market in 2023. The recent research and development of smarter societies in 2023 have necessitated the integration of smart devices with improved safety, specific energy, power, and reduced-size materials. This has given rise to the demand for thin-film rechargeable batteries for electrical energy storage with good energy and power densities, mechanical strength, good and long cycle life, and appreciable temperature tolerance for small portable consumer electronics, specifically in cell phones, mobile applications, laptops, and notebook computers, smart cards, for electric cars, communication and other electrical equipment.
• In terms of application, the market is segmented into consumer electronics, medical devices, smart packaging, smart cards, wireless sensors, and others. The consumer electronics segment held the largest market share in 2023. Flexible thin-film batteries, in particular, also have great potential in the field of consumer electronics or wearables. Due to their adaptable shape and robustness, they can be perfectly incorporated into electronic devices and serve as an energy source.

Thin Film and Printed Battery Market Share Analysis by Geography

The geographic scope of the thin film and printed battery market report is mainly divided into five regions: North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.

The market in North America is experiencing considerable growth owing to the rising trend of miniaturization in consumer electronics. As consumers seek smaller and more portable electronic devices, there is a rising need for compact and effectual power sources. Furthermore, the proliferation of IoT and smart devices is another crucial factor propelling the market in North America. The increasing adoption of IoT devices across industries, such as healthcare, transportation, and smart home applications, creates enormous opportunities for thin film and printed battery manufacturers in the region. In addition, the presence of market players such as Molex LLC; Excellatron Solid State, LLC; Ultralife Corporation; and Imprint Energy fosters the thin film and printed battery market in North America.

In Europe, several applications of thin film and printed batteries, such as smart cards, smart packaging, medical devices, and consumer electronics, are leading the market growth. Market players such as Varta AG, Ilika, RENATA SA, and STMicroelectronics are engaging in several organic and inorganic strategies to boost their revenue. The proliferation of the consumer electronics market in the region has surged the demand for flexible battery solutions. The growing demand for smart packaging solutions in the region is projected to offer a huge opportunity for the thin film and printed battery market growth. Further, the researchers in the region are focused on launching innovative battery solution, which contributes to the thin film and printed battery market growth.

In Asia Pacific, economies such as India and China are focusing on boosting their domestic production in sectors such as consumer electronics. Various incentive schemes and FDIs are expected to attract manufacturers to set up their manufacturing units in the region. In addition, the rising disposable income of the people and population growth in the region contributes to the adoption of wearable technologies and the growth of the consumer electronics market. The digitalization of the healthcare industry also contributes to the thin film and printed battery market growth in Asia Pacific.

Thin Film and Printed Battery Market Report Scope

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Thin Film and Printed Battery Market News and Recent Developments

The thin film and printed battery market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the thin film and printed battery market are listed below:

• A team of researchers from the Swiss Federal Laboratories for Materials Science and Technology (EMPA) launched a spin-off company called BTRY, which aims to bring its solid-state battery to the market. The company will manufacture thin-film cells using vacuum coating, where the desired materials are atomized in a vacuum chamber to form individual atoms. These atoms are then deposited in a precisely controlled layer on the target substrate.

(Source: EMPA, Press Release, September 2023)

Thin Film and Printed Battery Market Report Coverage and Deliverables

The “Thin Film and Printed Battery Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Thin film and printed battery market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Thin film and printed battery market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Thin film and printed battery market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the thin film and printed battery market
• Detailed company profiles