Market Research Report
Thin Film Battery Market Analysis By Battery type (Disposable, Rechargeable), By Voltage (Below 1.5V, 1.5V to 3V, Above 3V), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||572904|
|Published||Content info||137 Pages
Delivery time: 1-2 business days
|Thin Film Battery Market Analysis By Battery type (Disposable, Rechargeable), By Voltage (Below 1.5V, 1.5V to 3V, Above 3V), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2014 - 2025|
|Published: September 21, 2017||Content info: 137 Pages||
The global thin film battery market is expected to reach USD 1.72 billion by 2025, according to a new report by Grand View Research, Inc. Rapid adoption of wearable technology in the society, along with technological advancement is further propelling the market growth.
Thin film battery has gained huge popularity due to its lightweight and small size characteristics and is expected to revolutionize the industry. Increasing demand for thin film battery to power compact devices coupled with improved safety is a major driving factor for the industry growth in the wearables and medical applications.
Below 1.5 V thin film batteries are generally used in low power applications such as smart cards, wireless micro-sensors, toys, RFID tags, and medical patches. Moreover, most of the manufacturers are integrating below 1.5 V thin film batteries for various applications. These properties are expected to have a positive impact on the industry.
The smart cards and medical segment are expected to collectively account for 28.7% of the global market share in 2025. Extensive R&D in the global battery industry on account of changing needs from various end-use industries has propelled the development of novel battery, which outperform conventional battery in terms of their performance and durability.
North America was the leading region due to rapid adoption of wearable technology by the people. The consumer is demanding electronics devices which are easy to carry around, which means it should be small in size and light in weight. The availability of a variety of thin film battery options and ability of customization is leading to the expansion of the overall market in this region.