The advent of technologies such as wearable and flexible electronics has given rise to the need for compatible batteries. Thin as well as flexible batteries are required currently for the curved or flexible displays in television sets, smartphones, and smartwatches. These requirements have been taken in account by several battery technology providers, which offer flexible, thin film, and printed batteries. Panasonic, Samsung, and Sony are well-established players in the battery market, which have recently entered the flexible thin film & printed battery market. Growth in involvement of business giants in this market reflects the changing competitive landscape of the market.
Flexible batteries are batteries possessing the property to flex. Flexibility is achieved by fabricating the conducting additives on a flexible substrate by using techniques such as printing or chemical deposition. Current collectors in flexible batteries are in the form of ink or thin metal foil. Based on the materials used to manufacture flexible batteries, they are bifurcated into rechargeable and non-rechargeable batteries.
Flexible thin film batteries and printed batteries have gained popularity in the current scenario, owing to the increase in trend of miniaturization of products along with the growth in implementation of IoT. The development in wearable technology, medical & cosmetic, packaging, and consumer electronics are few other application verticals that drive the flexible thin film & printed battery market growth.
The market is segmented on the basis of chargeability, application, and geography. By chargeability, it is divided into rechargeable and non-rechargeable batteries. Consumer electronics, energy harvesting, pharmaceuticals & medical devices, packaging, smart cards, and wearable technology are included under the application segment. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players in the flexible thin film & printed battery market are Flexel LLC, Blue Spark Technologies, STMicroelectronics, Enfucell Oy, Imprint Energy Inc, Samsung SDI Co., Ltd., and Panasonic Corporation.
FLEXIBLE THIN FILM & PRINTED BATTERY MARKET SEGMENTATION
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