Thin Film and Printed Battery Market Driving Factors, Emerging Technologies, Current Trends, Key Vendors, Demand and Forecast 2025
With a CAGR of 24.7%, the Thin Film and Printed Battery Market Size would increase from USD 98 million in 2020 to USD 296 million in 2025.
Flexible, small, thin, and light batteries with a special manufacturing technique include thin film batteries and printed batteries. Since these batteries are made of solid-state materials, they are inherently safer than conventional batteries. Cathodes, anodes, separators, and current collectors are thin and flexible in thin film and printed batteries. Flexible circuits and thin film and printed batteries work together to create innovative, adaptable gadgets. Additionally, these batteries may be sliced, rolled, and tailored into a variety of sizes and forms without losing any efficiency, allowing them to be used in goods of any design. The Thin Film and Printed Battery Market Size is anticipated to increase by 24.7% CAGR from USD 98 million in 2020 to USD 296 million in 2025.
Apple Inc. (US), Blue Spark Technologies (US), BrightVolt, Inc. (US), Samsung SDI Co., Ltd. (South Korea), Enfucell Oy Ltd. (Finland), Ultralife Corporation (US), LG Chem Ltd. (South Korea), Fullriver Battery New Technology Co., Ltd. (China), and Panasonic Corporation (Japan). a few of the market's leading players for thin-film and printed batteries.
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One of the major players in thin film batteries is now Samsung SDI. Through technological advancements, the company hopes to increase its market presence and forge a progressive future. For application in wearable technology, Samsung SDI has introduced two cutting-edge types of small-sized lithium-ion batteries: band batteries and strip batteries. These batteries are as flexible as fibre. The band batteries are intended to increase the original battery life of devices by up to 50%. The wearable devices, such as smart necklaces and interactive clothing designs, can employ the strip batteries, which have a depth of 0.3 mm. South Korea, Malaysia, China, Mexico, Vietnam, Austria, Russia, the US, India, Taiwan, and Japan are just a few of the nations where Samsung SDI has operations.
Enfucell Oy Ltd.
A significant player in the thin film and printed market is Enfucell Oy Ltd. The company was established in 2002 and has its main office in Vantaa, Finland. It produces and distributes printed electronic goods. The business sells printed batteries called SoftBattery and SoftBattery Plus that include an electrolyte made of zinc, manganese dioxide, and zinc chloride. Various IoT-enabled products, wearable electronics, and other devices employ these printable, slim, flexible, and environmentally friendly batteries as a power source. From 2017 to 2019, the company's revenue increased continuously. The company developed thin film and printed batteries by leveraging R&D expenditures. This has helped the business solidify its position in lucrative high-growth markets.
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Founded in 1990, Ultralife Corporation is a US company with its headquarters in New York. The business produces, designs, instals, and maintains communications and portable power systems. Battery & Energy Products and Communications Systems are its two business segments. The business sells a variety of battery goods, electronic accessories, and military communication devices. Under the trade name Thin Cell, the company sells non-rechargeable ultra-thin cells. Smart security cards, asset tracking tags, bank theft tracking systems, electronics record tracking systems, medical gadgets, RFID tags, and toll pass tags all make use of these lithium-manganese dioxide-based batteries. These batteries pass the rigorous UL 1642 and IEC 60086-4:2014 safety standards as well as the UN transportation testing. A couple of the key strategies the company has used to compete in the thin film and printed battery market are new product launches and acquisitions. By improving its battery technology, Ultralife Corporation is concentrating on spreading the use of thin film batteries for wearable technology.
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