Flexible, Printed and Thin Film Battery Market

Thin film printed batteries can be defined as low-profile, flexible batteries with a small footprint designed for a wide variety of products ranging from cosmetic, consumer electronics, medical, industrial to defense. These batteries offer lower internal resistance, high peak current, and enables wireless communication. They are economical and eco-friendly as compared to conventional lithium batteries. These batteries can be bent or twisted repeatedly at sharp angles and are especially suited for thin and flexible products in which they can be easily integrated.

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Advancement in IoT, increasing trend of miniaturization of products, along with the growth in demand for smart electronic products are some of the major factors boosting the growth of the flexible thin film printed battery market. Increasing development in printed electronics and rising production of rechargeable batteries are anticipated to provide huge growth potential opportunities for the flexible thin film and printed battery market over the forecast period. These batteries offer numerous remarkable benefits such as low-cost mass production, no use of caustic chemicals, non-toxic, non-flammable, easy shipping, and disposable feature, will further drive the growth of the market.

These batteries are being increasingly used in a variety of products, including intelligent chip and sensor card, medical patches, and plasters for transdermal medication, vital signs monitoring and lab-on-chip analysis systems owing to their higher elasticity, flexibility, and the use of high efficient printing technologies and well-adapted materials and inks. The growing concern for environmental sustainability and increasing demand for greener batteries to power devices are further supporting the market growth of flexible, thin film printed batteries. They are light-weight, portable, highly flexible, and can maintain their characteristic shape even against continual bending or twisting. However, less availability of printed ink materials and lack of standardization in the development of thin film and printed batteries are some of the factors that will hamper the growth of the market during the forecast period.

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Based on the material, the market is segmented into substrates, electrodes, electrolytes, current collectors, and others that include separators, foils, and binders. The electrolytes segment is anticipated to grow at a higher CAGR over the forecast period. This is attributed to the efficient ion-conducting and good electrical insulating properties of electrolytes that allow the battery to operate safely. In addition to this, LiPON (lithium phosphorus oxynitride) and LiBON (lithium boron oxynitride) are used in thin film flexible batteries act as solid electrolyte, binder, as well as separator and helps in increasing the overall energy density of the assembled battery, which will further augment the growth of the market.

Based on the voltage type, the market is segmented into below 1.5V, between 1.5V to 3V, and above 3V. Between 1.5 V and 3 V segment is expected to hold witness faster CAGR in the market due to the increasing application of these batteries in smart labels, entertainment devices, RFID tags, and medical patches. Between 1.5 V and 3 V batteries can operate at a varied temperatures range from -35°C to 50°C and have a small footprint designed for low-power single-use applications owing to which they are highly used in wearable electronics, biometric monitoring devices, biosensors, smart labels, and environmental sensors.

Based on the chargeability, the market is segmented into rechargeable and single use. The rechargeable segment is anticipated to witness a higher CAGR during the forecast period owing to their higher performance capacity, cost efficiency, less impact on the environment, and low packaging waste. These are increasingly utilized in renewable energy storage devices, smart cards, radio frequency identification (RFID) tags, portable electronics, defibrillators, neural stimulators, pacemakers, and wireless sensor owing to the increasing demand for more energy efficient rechargeable thin film printed batteries.

Based on the application, the market is segmented into smart packaging, smart cards, wearable devices, entertainment, wireless communication, consumer electronics, and others. The wearable devices segment is projected to lead the market during the forecast period. This is mainly due to the growing requirement of batteries with attributes such as higher flexibility, thinness, lightweight, and low charging thresholds for the manufacturing of wearable electronics and IoT devices. Additionally, the growing demand for these batteries in the low-power products that include disposable medical devices, passive RFID, skin patches, medical sensors, backup power, wireless sensors, and smart cards are further contributing to the growth of the market.

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Based on the region, the Asia-Pacific region is anticipated to witness a higher CAGR in the Flexible, Printed and Thin Film Battery Market during the forecast period. This is primarily due to the growing population, rise in per capita disposable incomes, along with the increasing demand for electronic wearable devices in the region. Additionally, the growing demand for cost-efficient, lightweight, energy-efficient batteries, coupled with the surging number of industries including electronics, packaging, and entertainment in developing countries such as China, Japan, India, Sri Lanka, Indonesia, and South Korea are further propelling the growth of the market in the region.

Various notable players operating in the global flexible, printed and thin film battery market include Samsung SDI Co., Ltd., STMicroelectronics N.V., Panasonic Corporation, Jenax Inc., Blue Spark Technologies, Cymbet Corporation, Imprint Energy, Excellatron Solid State, LLC, NEC Energy Solutions, Inc., and ProtoFlex Corporation, among other.

 Key Developments: 

• • In 2020, Toyota Motor Corporation and Panasonic Corporation launched a joint venture named Prime Planet Energy & Solutions for the development and manufacturing of prismatic lithium-ion batteries, solid-state batteries, and “next-generation” batteries, including thin film and ultra-thin batteries. This is expected to enhance the product portfolio of Panasonic Corporation.
  • In 2020, Jenax Inc., a manufacturer of thin lithium-ion rechargeable batteries launched non-flammable liquid electrolytes for battery safety. This non-flammable liquid electrolyte will protect batteries from catching fire or exploding in extremely hot temperatures or when short circuited. This technology can be employed for improving safety in electric vehicles and electronics wearables products. This is expected to enhance the product portfolio of the company in the batteries segment.
  • In 2018, Imprint Energy gained investments for the advancement of ultrathin flexible batteries offered by the company. The investors included it Semtech, the u.life fund, Phoenix Venture Partners. This investment is also focused to scale up the production of ultrathin flexible batteries designed to power IoT devices that communicate using Semtech’s LoRa devices and wireless radio frequency technology.

The global flexible printed and thin film battery market has been segmented on the basis of material, voltage type, chargeability, application, and region. Based on the material, the market is segmented into substrates, electrodes, electrolytes, current collectors, and others. Based on the voltage type, the market is segmented into below 1.5V, between 1.5V to 3V, and above 3V. Based on chargeability, the market is segmented into rechargeable and single use. Based on application, the market is segmented into smart packaging, smart cards, consumer electronics, wearable devices, entertainment, wireless communication, and others.

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Key questions answered in this research report:

• • At what pace is global flexible, printed and thin film battery market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in flexible, printed and thin film battery market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global flexible, printed and thin film battery market?
  • Which voltage type generated maximum revenues in 2019 and identify the most promising voltage type during the forecast period?
  • What are the various applications of global flexible, printed and thin film battery market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Material, By Voltage Type, By Chargeability, By Application, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Samsung SDI Co., Ltd., STMicroelectronics N.V., Panasonic Corporation, Jenax Inc., Blue Spark Technologies, Cymbet Corporation, Imprint Energy, Excellatron Solid State, LLC, NEC Energy Solutions, Inc., and ProtoFlex Corporation among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Flexible, Printed and Thin Film Battery Market by Material

• • Substrates
  • Electrodes
  • Electrolytes
  • Current Collectors
  • Others (Separators, Foils, Binders)

Global Flexible, Printed and Thin Film Battery Market by Voltage Type

• • Below 1.5 V
  • Between 1.5 V and 3 V
  • Above 3 V

Global Flexible, Printed and Thin Film Battery Market by Chargeability

• • Rechargeable
  • Rechargeable Thin Film Battery
  • Rechargeable Printed Battery
  • Single Use
  • Thin Film Single-Use Battery
  • Single-Use Printed Battery

Global Flexible, Printed and Thin Film Battery Market by Application

• • Smart Packaging
  • RFID Tags
  • Smart Labels
  • Smart Cards
  • Wearable Devices
  • Smartwatches
  • Fitness Bands
  • Smart Glasses
  • Smart Textiles
  • Pacemakers
  • Cosmetic & Medical Patches
  • Drug Delivery Systems
  • Entertainment
  • Greeting Cards
  • Toys
  • Wireless Communication
  • Wireless Sensor Networks
  • Consumer Electronics
  • Low Drain Devices
  • Others

Global Flexible, Printed and Thin Film Battery Market by Region

• • North America Flexible, Printed and Thin Film Battery Market (Option 1: As a part of the free 25% customization)
    • North America Flexible, Printed and Thin Film Battery Market by Material
    • North America Flexible, Printed and Thin Film Battery Market by Voltage Type
    • North America Flexible, Printed and Thin Film Battery Market by Chargeability
    • North America Flexible, Printed and Thin Film Battery Market by Application
    • US Flexible, Printed and Thin Film Battery Market All-Up
    • Canada Flexible, Printed and Thin Film Battery Market All-Up
  • Europe Flexible, Printed and Thin Film Battery Market (Option 2: As a part of the free 25% customization)
    • Europe Flexible, Printed and Thin Film Battery Market by Material
    • Europe Flexible, Printed and Thin Film Battery Market by Voltage Type
    • Europe Flexible, Printed and Thin Film Battery Market by Chargeability
    • Europe Flexible, Printed and Thin Film Battery Market by Application
    • UK Flexible, Printed and Thin Film Battery Market All-Up
    • Germany Flexible, Printed and Thin Film Battery Market All-Up
    • France Flexible, Printed and Thin Film Battery Market All-Up
    • Spain Flexible, Printed and Thin Film Battery Market All-Up
    • Rest of Europe Flexible, Printed and Thin Film Battery Market All-Up
  • Asia-Pacific Flexible, Printed and Thin Film Battery Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Flexible, Printed and Thin Film Battery Market by Material
    • Asia-Pacific Flexible, Printed and Thin Film Battery Market by Voltage Type
    • Asia-Pacific Flexible, Printed and Thin Film Battery Market by Chargeability
    • Asia-Pacific Flexible, Printed and Thin Film Battery Market by Application
    • China Flexible, Printed and Thin Film Battery Market All-Up
    • India Flexible, Printed and Thin Film Battery Market All-Up
    • Japan Flexible, Printed and Thin Film Battery Market All-Up
    • Rest of APAC Flexible, Printed and Thin Film Battery Market All-Up
  • RoW Flexible, Printed and Thin Film Battery Market (Option 4: As a part of the free 25% customization)
    • RoW Flexible, Printed and Thin Film Battery Market by Material
    • RoW Flexible, Printed and Thin Film Battery Market by Voltage Type
    • RoW Flexible, Printed and Thin Film Battery Market by Chargeability
    • RoW Flexible, Printed and Thin Film Battery Market by Application
    • Brazil Flexible, Printed and Thin Film Battery Market All-Up
    • South Africa Flexible, Printed and Thin Film Battery Market All-Up
    • Saudi Arabia Flexible, Printed and Thin Film Battery Market All-Up
    • UAE Flexible, Printed and Thin Film Battery Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Flexible, Printed and Thin Film Battery Market All-Up

Global Flexible, Printed and Thin Film Battery Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Samsung SDI Co., Ltd.
  • STMicroelectronics N.V.
  • Panasonic Corporation 
  • Jenax Inc. 
  • Blue Spark Technologies
  • Cymbet Corporation
  • Imprint Energy 
  • Excellatron Solid State, LLC
  • NEC Energy Solutions, Inc.
  • ProtoFlex Corporation