PUBLISHER: Grand View Research | PRODUCT CODE: 1611608
PUBLISHER: Grand View Research | PRODUCT CODE: 1611608
The global thin film battery market size is expected to reach USD 2.93 billion in 2030 and is projected to grow at a CAGR of 10.9% from 2025 to 2030. Growing demand from applications, such as medical tracking and smartwatches, is likely to boost the market growth. Thin-film battery has high demand owing to its small size and low weight. Moreover, it does not contain harmful chemicals and is resistant to explosion and fire. Furthermore, growing product demand to provide power for small form-factor devices is a major driving factor for the market growth in the medical and wearables applications.
Therefore, key players in the market are focusing on technological advancements and to increase service quality and efficiency. With customers being more tech-savvy, the demand for such electronic devices is expected to increase over the forecast years. Increasing usage of devices, such as fitness bands and smartwatches, is making the demand and supply for thin-film batteries even more proper. These factors are expected to boost the growth of the market in the forecast period.