Thin-Film Battery Market Size 2023-2028, Manufactures Analysis, Industry Demand and Future Prospects

The latest research study “Thin-Film Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global thin-film battery market size reached US$ 570.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,124.3 Million by 2028, exhibiting a growth rate (CAGR) of 26.71% during 2023-2028.

Thin-Film Battery Market Report 2023-2028


Market Outlook: 

A thin film battery (TFB) is a type of solid-state lithium-ion-based battery. It encompasses micron-thick layers of the anode, cathode, and electrolyte that are deposited through a physical vapor deposition procedure by thermal evaporation or a sputtering process. It is relatively thinner and smaller than its conventional alternatives and has a flat shape that enables developers to integrate the device into miniaturized electronic systems. Additionally, TFB offers enhanced performance, efficiency, better energy density, improved endurance to higher temperatures, and lower risks of electrolyte leakage. Consequently, it finds extensive applications in radio-frequency identification (RFID) and consumer electronic devices.

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Market Trends:

The ongoing miniaturization of wearable, electronic, and medical tracking devices, including mobile phones, smartwatches, neural stimulators, defibrillators, and pacemakers, is primarily driving the market growth. Additionally, the increasing demand for wireless sensors in the internet of things (IoT)-enabled machines are favoring the thin-film battery market growth. Moreover, the widespread product incorporation in smart cards and e-cards for transportation, identification and authentication practices, data storage, and application processing are propelling the market growth. Additionally, the continuous development of innovative product variants, such as small-size and lightweight TFB, along with their extensive usage in cash transaction cards and RFID tags, are impelling the market growth. Besides this, continuous product diversifications and significant technological advancements to enhance the charge density, life span, and safety of the battery are positively supporting the market growth.

Thin-Film Battery Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:                                                 

The competitive landscape of the thin-film battery market has been studied in the report with the detailed profiles of the key players operating in the market.

Thin-Film Battery Companies Covered:

  • Blue Spark Technologies
  • BrightVolt
  • Enfucell Oy
  • STMicroelectronics N.V.
  • Cymbet Corporation
  • Imprint Energy
  • Ilika PLC
  • LG Chem Ltd,
  • Paper Battery Company
  • Jenax Inc.

Report Segmentation:

The report has segmented the thin-film battery market on the basis of technology, battery type, voltage type, application and region.

Breakup by Technology:

  • Thin-Film Lithium
  • Thin-Film Lithium Polymer
  • Zinc-Based Thin-Film
  • Others

Breakup by Battery Type:

  • Rechargeable
  • Disposable

Breakup by Voltage Type:

  • Below 1.5V
  • 5V to 3V
  • Above 3V

Breakup by Application:

  • Smart Cards and RFID
  • Medical Applications
  • Smart Wearables
  • Wireless Sensor Network Systems
  • Portable Electronics
  • Others

Geographical Analysis:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=1112&flag=C

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us                                    

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact:
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Contact Person: Elena Anderson
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Website: https://www.imarcgroup.com

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