Thin-film Batteries Market by End-users and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR40647
Technavio

The 2021-2025 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The thin-film batteries market size has the potential to grow by USD 1.32 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America) and end-users (smart cards, medical devices, smart wearables, and others). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Angstrom Engineering Inc., Blue Spark Technologies, BrightVolt, Cymbet Corp., Enfucell, Front Edge Technology, Inc., LG Chem, Molex LLC, NEC Corp., and SAMSUNG SDI CO. LTD.

Market Overview

thin-film-batteries-market-size

Browse TOC and LoE with selected illustrations and example pages of thin-film batteries market

Request a FREE sample now!

Market Competitive Analysis

The thin-film batteries market is concentrated. Market vendors are making significant investments in R&D to develop new solutions for different requirements of power, lifetime, thinness, cost, charging cycles, reliability, and flexibility. Front Edge Technology, Inc., LG Chem, Molex LLC, NEC Corp. and SAMSUNG SDI CO. LTD. are some of the major market participants. Although the increasing occurrences of hearing loss will offer immense growth opportunities, demand for higher battery life will challenge the growth of the market participants. To make the most of the possibilities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this thin-film batteries market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this thin-film batteries market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Angstrom Engineering Inc.
  • Blue Spark Technologies
  • BrightVolt
  • Cymbet Corp.
  • Enfucell
  • Front Edge Technology, Inc.
  • LG Chem
  • Molex LLC
  • NEC Corp.
  • SAMSUNG SDI CO. LTD.

Thin-film Batteries Market: Segmentation by Region

thin-film-batteries-market-share-by-region

For more insights on the market share of various regions Request for a FREE sample now!

North America was the largest thin-film batteries market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising adoption of technologically advanced medical devices and the increasing use of contactless smart credit cards will significantly influence thin-film batteries market growth in this region.

Almost 38% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for thin film batteries in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.

Thin-film Batteries Market: Segmentation by End-users

thin-film-batteries-market-share-by-distribution-channel

Request for a FREE sample and Get more information on the market contribution of various segments

Thin-film batteries are used in various types of smart cards, including credit/debit, pre-payment, and transit cards, secure student ids and employee badges, online authentication and tokens, and data storage and patient records. The use of smarts cards as contactless credit/debit cards, employee ID cards, patient ID cards at hospitals and other applications, increasing urbanization, and rising incidence of theft through credit card cloning are some of the factors fueling the growth of the thin-film batteries market in this segment.

Market growth in this segment will be slower than the growth of the market in the medical devices, smart wearables, and other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the thin film batteries market size.

Thin-film Batteries Market: Key Drivers and Trends

The increasing occurrences of hearing loss will be a significant factor driving the growth of the thin film batteries market size. Hearing loss can distress one or both the ears and lead to difficulties in hearing normal speech or loud sounds. Genetic causes, certain infectious diseases, complications at birth, reaction to or misuse of drugs, chronic ear infections, exposure to excessive noise, and aging are some of the factors which may lead to hearing loss. Hearing aid devices, cochlear implants, and other assistive devices are used to overcome such hearing loss-related problems. Since batteries are used in these hearing aid devices, with increasing incidences of hearing loss, the demand for thin-film batteries will also grow during the forecast period.

  • Smart wearable manufacturers are offering newer and updated versions of their products with added features pertaining to health and wellness to attract customers.
  • The declining cost of wearable devices has boosted the adoption of these devices in both developed and developing countries.
  • Thin-film batteries are widely used in smart wearables.
  • The rising popularity of smart wearables, which is one of the critical thin-film batteries market trends, will positively influence the growth of the market during the next five years.
  • During 2020-2024, the thin film batteries market size will grow at a CAGR of almost 26%. 

thin-film-batteries-market-report

Request for a FREE sample now!

Thin-film Batteries Market: Key Highlights of the Report for the Forecast Period 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will thin film batteries market growth during the next five years
  • Precise estimation of the thin film batteries market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the thin film batteries industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of thin film batteries vendors 

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
The thin-film batteries market growth will increase by $1324.50 million during 2019-2024.
The thin-film batteries market is expected to grow at a CAGR of 25.67% during 2019-2024.
Technavio has segmented the thin-film batteries market by end user (Smart cards, Medical devices, Smart wearables, and Others) and geographic (North America, APAC, Europe, South America, and MEA).
Angstrom Engineering Inc., Blue Spark Technologies, BrightVolt, Cymbet Corp., Enfucell, Front Edge Technology, Inc., LG Chem, Molex LLC, NEC Corp., SAMSUNG SDI CO. LTD. are a few of the key vendors in the thin-film batteries market.
North America will register the highest growth rate of 37.99% among the other regions. Therefore, the thin-film batteries market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the thin-film batteries market growth are:
  • Increasing occurrences of hearing loss
  • Advances in solid-state batteries
The thin-film batteries market vendors should focus on grabbing business opportunities from the smart cards segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase

Technavio's SUBSCRIPTION platform

Register for a free trial today and gain instant access to 17,000+ market research reports.

START YOUR FREE TRIAL

Enquire Before Buying
  1. Home
  2. Utilities
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>