Thin Film Battery Market : Industry Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2024

The thin film battery market has garnered significant momentum owing to the increasing popularity of electronic wearable devices such as watches, smart fabrics, hearing aids and in the commercial sector, including RFID tags. Modern thin film batteries are known to be more efficient, hold charge for longer periods and also charge faster, making them preferable in a host of high power-demanding technologies. Observing a general trend, most of the thin film batteries used are in applications directed towards enhancing consumer products and medical devices, particularity electronic implants. Such medical devices are expected to provide reliable power continuously, for as long as possible, since it is not feasible to replace implants frequently. Adds New Thin Film Battery Market 2016- 2024 research report providing information and By Product, By Application, Industry Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast spreading across 117 Pages with table and figures in it.

Thin Film Battery Market size will exceed USD 1.8 billion by 2024. Growing adoption of wearable devices including fitness trackers, watches, and smart glasses will propel the thin film battery market share. Rising standard of living with high disposable income will favor business growth. Emerging demand for small, low-weight and flexible devices with large energy storage capacity and higher lifetime will stimulate the thin film battery market demand. Increasing adoption for sensors, smart cards, novelty consumer and medical applications will further complement growth.

RFID thin film battery market share for 2015 accounted for 7% of global revenue share. Material management, logistics, inventory tracking, access control are notable application areas. Medical device applications are predicted to exhibit strong growth due to rising disposable medical equipment demand. Rising prominence of skin patches using printed batteries will positively drive the business growth. Strong IoT innovation trends and wearable sensor technology may positively influence the industry landscape. Innovative features coupled with customized design are likely to open lucrative business avenues. High initial cost may hamper industry growth.

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Thin film battery market from smart cards for 2015 was valued over USD 10 million and will witness substantiate growth subject to its enhancement of transaction security. It finds its wide applications in Subscriber Identity Modules (SIMs) required for all mobile phones under the Global System for Mobile Communication standard.

For Europe, UK thin film battery market for 2015 was valued over USD 12 million. Increasing adoption of smart cards with automation in disposable healthcare devices will favor the industry growth. U.S. thin film battery market share contributed over 80% of the regional revenue share in 2015. Growing demand for portable electronic devices with advancement of security systems will complement the business growth.

China thin film battery market size is predicted to exceed 100 million by 2024. Increasing adoption of internet of things coupled with growing of portable electronics devices demand may positively impact the growth. Saudi Arabia is set to grow over 26% by 2024. Changing consumer preference towards mobility and multifunctional device are some of the parameters which may influence the regional growth.

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Brazil thin film battery market size accounted for over 35% of regional revenue share in 2015 and should see significant growth from 2016 to 2024; with large government spending on innovation and high quality equipment. Brazil invest 9.7% of its GDP on health out of which public health system accounted for 46% i.e. USD 82.8 billion and private health system accounted for 54%.

Notable industry participants include Excellatron, NEC Corporation, ST Microelectronics, Enfucell, Jenax Inc, BrightVolt, Blue Spark, Imprint Energy, Prelonic, Cymbet Corporation, Flexel, PowerId and Thin film.

Table of Content:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Thin Film Battery Industry Insights

Chapter 4. Thin Film Battery Market, By Product

Chapter 5. Thin Film Battery, By Application

Chapter 6. Thin Film Battery, By Regional

Chapter 7. Company Profiles

More Details On this Report:

Outer Scope of this report: To be a dependable power source, batteries in the medical implants must be able to endure a large number of charge-discharge cycles to avoid unnecessary replacement or servicing of the implants. Thin film batteries are quite suitable for implants such as defibrillators, as they have a lower discharge rate when idle and also do not consume high amount of power when operating. Implantable cardioverter defibrillators are required for patients that are at a risk of experiencing ventricular arrhythmias (VA) or who have sustained ventricular tachycardia (VT). It is estimated that approx. 300,000 deaths per year in the U.S. are attributed to VT, which is a leading cause of sudden cardiac arrests in the country. With the rising frequency of heart diseases in developed nation, the thin film battery market will witness significant growth from the demand for medical devices.

Related Report:

United States Solid Thin Film Battery Market Report 2017

In this report, the United States Solid Thin Film Battery market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

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Posted by on Saturday September 15 2018, 1:30 PM EDT. All trademarks acknowledged. Filed under Business Services, Energy & Natural Resources, Featured Press Release, Technology Hardware & Equipment. Comments and Trackbacks closed. Follow responses: RSS 2.0

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