Thin Film and Printed Battery Market Forecasts to 2030 - Global Analysis By Type (Thin Film and Printed), Battery Type (Primary (Disposable) and Secondary (Rechargeable)), Voltage Rating, Capacity, Application and by Geography

According to Stratistics MRC, the Global Thin Film and Printed Battery Market is accounted for $235.99 million in 2024 and is expected to reach $953.36 million by 2030 growing at a CAGR of 26.2% during the forecast period. The lightweight, flexible design of thin film and printed batteries, along with their potential integration into a wide range of applications, make them a significant advancement in energy storage technology. Thin film batteries use incredibly thin layers of active material, unlike traditional batteries, which frequently depend on stiff structures, enabling a far more compact form factor. This technology opens the door for novel applications in wearables, Internet of Things devices, and even smart packaging by making batteries that can be printed onto substrates using methods akin to printed electronics.

Market Dynamics:

Driver:

Growing interest in wearable technology

Wearable technology is growing in popularity as consumers look for gadgets that improve their lifestyle and health monitoring features. Compact batteries with high energy density and fast recharge times are needed for devices like fitness trackers, smart watches, and health monitoring patches. These requirements are satisfied by thin-film batteries, giving producers the best option. Furthermore, the market for thin film batteries is driven by the growing trend of health-conscious living, which also increases demand for wearables.

Restraint:

High price of raw materials

Specialized raw materials, which are substantially more expensive than those used in conventional lithium-ion batteries, are needed for the production of printed and thin-film batteries. The ultimate product may become less affordable as a result of this high cost, which would reduce its appeal to both manufacturers and customers. Additionally, these materials unstable prices may result in erratic production costs, discouraging investment in novel initiatives or technological advancements.

Opportunity:

Increase in RFID tags and smart cards

The increased security features of smart cards-like EMV chip cards-are making them more and more popular across the globe. But conventional batteries organic content can be weakened by the high temperatures (130-150 °C) used in manufacturing, making them useless. As printed and thin film batteries can tolerate these high temperatures without losing functionality, they are a good fit for smart card applications. Furthermore, stimulating the need for thin film batteries is the growing application of RFID tags across a range of sectors, such as healthcare, retail, and logistics. RFID tags can now be widely used thanks to these batteries, which provide a convenient and affordable power source.

Threat:

Strong rivalry from reputable battery manufacturers

The market for lithium-ion batteries, which rule the market because of their high energy density, dependability, and general acceptance, is directly competitive with the thin-film battery market. Because of their large manufacturing infrastructure and economies of scale, lithium-ion batteries are more affordable for consumers. Moreover, thin-film battery adoption is seriously threatened by this competition because manufacturers might rather stick with tried-and-true technologies than spend money on unproven ones that haven't yet shown comparable performance.

Covid-19 Impact:

The global supply chain disruptions and factory closures brought on by lockdowns caused by the COVID-19 pandemic had a substantial effect on the thin film battery market. Consumer electronics production fell as a result of these disruptions because manufacturers could not find the necessary parts, such as the chips needed to assemble the devices. Additionally, during the early phases of the pandemic, sales of electronic devices as a whole fell precipitously, especially in low- and middle-income economies. On the other hand, the trend toward remote work and online learning raised demand for laptops, tablets, and other portable electronics, which helped to drive up the demand for thin film batteries.

The Secondary (Rechargeable) segment is expected to be the largest during the forecast period

In the market for printed and thin-film batteries, the secondary (rechargeable) segment commands the largest share. Because there is a growing need for energy storage solutions that are lightweight, efficient, and multi-rechargeable, this market is expanding quickly. In applications where weight and space are crucial factors, such as wearable technology, IoT sensors, and other portable electronics, rechargeable thin film batteries are especially well-suited. Moreover, their capacity to provide rapid charging, elevated energy density, and extended cycle life renders them a compelling choice for producers seeking to pioneer in the consumer electronics and healthcare domains.

The Above 3V segment is expected to have the highest CAGR during the forecast period

Within the thin film and printed battery market, the above 3V segment has the highest CAGR. Because of its applications in high-performance devices that demand higher power output and longer battery life, this category is predicted to grow significantly. Higher voltage equals better performance and safety, which is why thin film and printed batteries in this voltage range are being used more and more in consumer electronics, wearables, and small electronic devices. Furthermore, this market segment is expanding rapidly due to the growing demand for cutting-edge electronic products that need dependable and effective power sources.

Region with largest share:

The market for printed and thin-film batteries is dominated by North America due to a strong concentration of top manufacturers and notable technological advancements. This area has a robust ecosystem for research and development, which supports the development of innovative battery technologies for a range of uses, including consumer electronics and medical equipment. North America is the home base of major corporations like Blue Spark Technologies, Ultralife Corporation, and Brightvolts Inc., which bolsters its dominance in the market. Moreover, the region is a major player in the expansion of the thin film and printed battery market due to its well-established infrastructure and rapid uptake of new technologies.

Region with highest CAGR:

The thin film and printed battery market is anticipated to grow at the highest CAGR in the Asia-Pacific region due to the region's rapid industrialization, rising disposable incomes, and thriving consumer electronics industry. The demand for these batteries is rising as a result of significant investments made in wearable and Internet of Things technologies by major economies like South Korea, Japan, and China. Furthermore, the strong CAGR forecasts for the thin film and printed battery markets in Asia Pacific are further supported by elements like the expanding use of printed battery technology in consumer electronics and the presence of major players in the area.

Key players in the market

Some of the key players in Thin Film and Printed Battery market include Samsung SDI Co., Ltd., Enfucell, Ultralife Corporation, Blue Spark Technologies, STMicroelectronics, Cymbet Corporation, Ilika plc, Jenax Inc., BrightVolt Inc., Imprint Energy, Inc., LG Chem Ltd., Panasonic Corporation, Molex, LLC, NGK Insulators, Ltd., ProLogium Technology Co., Ltd. and VARTA AG.

Key Developments:

In August 2024, SAMSUNG SDI announced that the company has completed and signed an agreement with General Motors to establish a joint venture to supply electric vehicle(EV) batteries in the United States. The ceremony was held at SAMSUNG SDI's office in Seoul, and was attended by key executives from both companies, including SAMSUNG SDI CEO Yoon-ho Choi.

In May 2024, LG Chem Ltd. signed an agreement with Saudi Arabia's Alkhorayef Group to build a water treatment plant in the Middle Eastern nation and jointly invest up to 320 million riyal ($85.3 million) in the facility. The plant will produce reverse osmosis (RO) membranes, which are used to remove salts and other minerals from seawater and generate potable water, starting in 2026.

In April 2024, STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, and Centrica Energy Trading A/S announced that they have signed a ten-year Power Purchase Agreement (PPA) for the supply of renewable energy to its operations in Italy, starting January 2025.

Types Covered:

• Thin Film
• Printed

Battery Types Covered:

• Primary (Disposable)
• Secondary (Rechargeable)

Voltage Ratings Covered:

• Below 1.5V
• 1.5V to 3V
• Above 3V

Capacities Covered:

• Below 10 mAh
• 10 to 100 mAh
• Above 100 mAh

Applications Covered:

• Wearable Devices
• Medical Devices
• Consumer Electronics
• Smart Packaging
• Smart Cards
• Sensors and IoT Devices
• Flexible Electronics
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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