Thin Film Batteries Market is valued at USD 248.42 Million in 2017 and expected to reach USD 5069.30 Million by 2027 with a CAGR of 35.2% over the forecast period.
Thin Film Batteries Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Demand in IoT technologies, wearable devices and electronic portable equipments are key driving factors for the growth of Thin Film Batteries Market.
The leading battery technology is based on lithium ion batteries. Thin Film batteries are arrangement of anode, cathode and electrolyte in thin film with thickness of approx 0.001mm. The development of thin film batteries are based on the improvements in grouping of solid state batteries and thin film manufacturing. Cathode consist of combination of lithium oxide materials and carbon based materials are often used as anodes, electrolyte present in batteries are solid mainly made of lithium phosphorus oxynitride (LiPON). This optimal combination of materials leads to improve the factors for thin film batteries in terms of energy density, safety, specific energy, power density and other performance metrics. Other benefits of these batteries include the reduction of manufacturing costs and utilization of cheap materials.
During the COVID-19 pandemic, some industries have positive impact, and some are under pressure. Modern electronic industries are powered by products like lithium batteries, portable devices, electric vehicles and more. The supply chain & sales demand for the market saw uncertainty due to lockdown. Since, China is the powerhouse of lithium-ion batteries, due to the lack of raw materials and workers cause the temporary shutdown of market led to the crashing of global market.
Global Thin Film Batteries report is segmented on the basis of Deposition techniques, Components, Application, and Region & country level. Based upon Deposition Techniques, Global Thin Film Batteries market is classified as Physical Vapor Deposition, Chemical Vapor Deposition and Solution Based Chemistry. The market is classified on the basis of components are Graphite sheets, Lithium ions and Manganese oxide host. On the basis of Application, market is divided as Energy storage devices, Smart cards or RFID tags, Medical devices and sensors.
By Deposition Techniques:
The regions covered in this Global Thin Film Batteries Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Thin Film Batteries is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia, Africa, etc.
Some major key players for Global Thin Film Batteries Market are Angstrom Engineering, Molex, LG Chem, STMicroelectronics, Samsung, Bluespark Technologies, BrightVolt, Excellatron, Cymbet and others.
iQSTEL enters into agreement with Modus Group to develop electric vehicle battery
February 2, 2021; iQSTEL Inc announced an agreement on proprietary electric battery. The agreement is between iQSTEL technology division, IoT Labs and Modus Group. Together they have planned to develop HD thin film lithium battery technology and new research based on hemp and nano material-based batteries.
Next Generation Batteries: printable, high-performance electrolyte films
November 18, 2020; Research teams at University of Maryland developed new method of printing SSE thin films. Their work was published in Science Advances and the method named as “printing and radiative heating (PRH)” which shows solution based technique for printing following rapid sintering. This method enables complex multilayer assembly without contamination during synthesis.
The major factors driving the growth of Global Thin Film Batteries Market are increasing demand for wearable devices and portable electronic equipment’s. The ability of thin film batteries to produce greater average output voltage with higher energy density and lighter weights with longer life cycle makes it an ideal usage in wearable and portable devices. Furthermore, wide applications technological advancement followed by constant miniaturization of devices are also expected to enhance the market growth. However Low volume of power capacity and limited usage in wearable devices act as the major restraining factors in the market growth. On the other hand, surge in investment for R&D and innovation along with rapid integration IoT and other technologies expanding its usage in different areas which are also expected to create ample opportunities in Thin Film Batteries Market over the forecast period.
Asia-Pacific is expected to dominate the Global Thin Film Batteries Market over the forecast period attributed to largest lithium battery manufacturers in this region. China is considered to be the leading producer of lithium-ion battery. The Asian battery manufacturers have increasing sales due to the various applications in electronics, household applications, motorcycles and electric vehicles. The U.S. is also rising in batteries market due to presence of prominent electronics leaders like BYD corp., Panasonic and more. Europe is also expected to follow North America and Asia Pacific in terms of growth rate owing to the increased use of wireless devices along with the presence of advance technology. All the above-mentioned factors are likely to contribute the overall market growth over the forecast period.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 248.42 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 5069.30 Million|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Angstrom Engineering, Molex, LG Chem, STMicroelectronics, Samsung, Bluespark Technologies, BrightVolt, Excellatron, Cymbet and others|
|Segments Covered||By Deposition Techniques, By Application, By Component|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
Middle East and Africa
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