Thin Film and Printed Battery Market Trends & Forecast by 2030

[Research Report] The thin film and printed battery market size is expected to grow from US$ 197.31 million in 2022 to US$ 904.94 million by 2030; it is estimated to record a CAGR of 21.0% from 2022 to 2030.

Analyst Perspective:

Thin film batteries are being used in wearable electronics such as fitness bands, smartwatches, headsets, and other devices because of their improved recharge rate and small size, rising the demand for thin film and printed batteries. Also, the growing adoption of 5G is raising the demand for connected electronic devices, boosting the growth of the market. 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 130–150ºC, 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, making it another important thin film and printed battery market trend. 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 Report 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

Market Size Value in	US$ 197.31 million in 2022
Market Size Value by	US$ 904.94 million by 2030
Growth rate	CAGR of 21.0% from 2022 to 2030
Forecast Period	2022-2030
Base Year	2022

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Market Driver:

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 had 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.

Segmental Analysis

Based on application, the market is divided into consumer electronics medical devices, smart packaging, smart cards, wireless sensors, and others. The consumer electronics segment held the largest thin film and printed battery market share in 2022, whereas the smart cards segment is anticipated to register the highest CAGR during 2022–2030. As per the thin film and printed battery market forecast, the widespread use of flexible, printed, and thin-film batteries in tablets, smartwatches, televisions, and other household and portable devices is expected to fuel the demand for thin film and printed batteries.

To fulfill the growing demand for thin-film and rechargeable flexible batteries in the electronics sector, battery makers are concentrating on low-cost manufacturing techniques such as material deposition utilizing high-density plasma. Additionally, a stack of thin-film cells is put together to serve as a cutting-edge battery for a variety of portable electronics, including smartphones, fueling the market growth for the segment.

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Thin Film and Printed Battery Market Analysis: Regional Overview

Asia Pacific held the largest thin film and printed battery market share in 2022, followed by North America. The market in North America is experiencing robust growth. The rising trend of miniaturization in consumer electronics is a significant driver for the market in the region. As consumers seek smaller and more portable electronic devices, there is a growing need for compact and efficient power sources. Furthermore, the proliferation of IoT and smart devices is another crucial factor propelling the market in North America. Moreover, the increasing adoption of IoT devices across various industries, such as healthcare, transportation, and smart home applications, creates immense opportunities for thin film and printed battery manufacturers in the region.

Key Player Analysis:

Molex LLC, Varta AG, Renata SA, Enfucell Flexible Electronics Ltd, STMicroelectronics, Samsung SDI CO LTD, Excellatron Solid State LLC, Ultralife Corporation, Ilika, and Imprint Energy are the key players profiled in the thin film and printed battery market report.

Recent Developments:

The thin film and printed battery market players highly adopt inorganic and organic strategies. A few recent key market developments are listed below:

• In September 2023, 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.