Flexible, Printed And Thin Film Battery Market To Reach $1.06 Billion By 2030

Flexible, Printed And Thin Film Battery Market Growth & Trends

The global flexible, printed, and thin film battery market size is estimated to reach USD 1.06 billion by 2030, expanding at a CAGR of 28.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising adoption of wearable devices including watches, smart glasses, and fitness trackers is likely to strengthen the growing demand for flexible, printed and thin film battery over the forecast period.

The market is primarily driven by increasing demand for small, flexible, thin, and low-weight devices with higher lifetime and efficient micro energy storage capacity. Growing adoption of such printed, flexible battery in medical applications, consumer electronics, smart cards, and sensors is further expected to complement the growth of the industry. Furthermore, advancements in wearable sensor technology, IoT innovation trends, and mobile cloud computing are expected to positively impact market growth over the forecast period.

Most wearable applications such as smart devices and smart fabrics require flexible, ultra-thin, durable battery, which, in turn, is boosting the product demand. Smart cards application segment accounts for a significant share of the market. Transaction security, logistics, material management, access control, and inventory tracking are the key application areas of smart cards. Flexible, printed and thin film batteries are extensively used in several medical applications including printed batteries for transdermal skin patches and micro-power thin film batteries for disposable healthcare devices. The penetration of thin film, lightweight batteries in medical devices is estimated to register a significant growth rate due to the increasing demand for portable medical equipment.

Industry participants are focusing on advanced manufacturing techniques to increase product penetration in the market. For instance, Europe-based Imec manufactures a 3D thin-film battery constructed over a structured substrate instead of a planar substrate to provide enhanced energy density and usage of low ionic conductivity electrolyte materials. This technique is expected to aid in lowering the per-unit cost of flexible, printed and thin film batteries, which may otherwise hinder the market growth.

Collaborations between electronic manufacturers & battery manufacturers are likely to fuel the growth of consumer electronics segment. Declining cost of rechargeable batteries is expected to further drive the market growth in low-power applications such as smart cards RF-ID tags. In Asia Pacific, China occupies the largest share in printed, thin film batteries market owing to rising adoption of IoT along with the growing demand for portable electronic devices.

 Request a free sample copy or view report summary: Flexible, Printed And Thin Film Battery Market Report

Flexible, Printed And Thin Film Battery Market Report Highlights

• Wearables segment dominated the market and accounted for a market share of 34.8% in 2023 pertaining to the increasing demand for lightweight, flexible, and compact power sources for devices such as smartwatches, fitness trackers, and health monitors.

• The medical segment is projected to grow at a CAGR of 28.7% over the forecast period attributed to the need for lightweight and thin flexible power sources that can be easily carried along or implanted into the body.

• Rechargeable segment dominated the market and accounted for a market share of 78.8% in 2023 owing to the increasing demand for wireless sensor networks with low energy harvesting techniques.

• Asia Pacific flexible, printed, and thin film battery market dominated the flexible printed and thin battery market in 2023 attributed to the growing acceptance of wearables, IoT devices, and compact medical equipment needing compact and flexible power sources.

• Blue Spark Technologies, STMicroelectronics, Enfucell, Samsung SDI, Cymbet Corporation, Panasonic Corporation, Printed Energy Pty Ltd., Jenax Inc, Ilika, and Excellatron are some of the significant participants of printed, flexible, thin film battery industry.

Flexible, Printed And Thin Film Battery Market Segmentation

Grand View Research has segmented the global flexible, printed, and thin film battery market based on type, application, and region:

Flexible, Printed And Thin Film Battery Type Outlook (Revenue, USD Million, 2018 - 2030)

• Disposable

• Rechargeable

Flexible, Printed And Thin Film Battery Application Outlook (Revenue, USD Million, 2018 - 2030)

• Wearables

• Medical

• Consumer Electronics

• Smart Cards

• Others

Flexible, Printed And Thin Film Battery Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players in the Flexible, Printed And Thin Film Battery Market

• Blue Spark Technologies

• STMicroelectronics

• Enfucell

• Samsung SDI

• Cymbet Corporation

• Panasonic Corporation