"Actionable Insights to Fuel Your Growth"
Thin-film lithium-ion batteries are a form of solid-state batteries. The driving force behind their development is the application of solid-state batteries and thin-film manufacturing processes. In addition to the benefits of using solid electrolytes, the thin film structure can also increase specific energy, energy density, and power density and allow batteries to be very thin and flexible.
Various small electronic systems or devices are being developed all over the world. Conventional batteries face challenges in the miniaturization of electronic devices, so the demand for small and lightweight printable, flexible batteries increases. Also, a tiny battery is required due to the shrinkage of the built-in wearable device form factor. Built-in and wearable medical devices can only move to market from the design stage if miniaturized batteries power them. This battery should be thin and light for integration with wearable devices.
Manufacturing thin-film lithium-ion batteries are more complicated and costly. The reliability and performance of these batteries are not easily explored using current state-of-the-art technology. Therefore, the manufacturing complexity of thin-film lithium-ion batteries hinders market growth.
North America has dominated the global market owing to increasing R&D activities and technological innovation. The region has the presence of several key players that have a large share in the market. The end-user demand for such batteries is also high in the region.
The COVID-19 epidemic has significantly influenced the global industry for thin-film lithium-ion batteries. This is due to a temporary pause in production globally. The travel restrictions and halt in import/export further cause a decline in the supply chain. Furthermore, the market has been impaired by a momentary halt in research and development operations owing to the closure of the laboratories. The demand from the end-user industry is also declining along with decreased investment.
The report will cover the following key insights:
Based on the voltage, the global thin-film lithium-ion battery market is segmented into below 1.5V, 1.5V-3V, and above 3V. Below 1.5 voltage segment is expected to lead the market during the forecast period. The battery is designed for low-profile applications, such as wearable electronics, smart labels, and other medical devices. The above factors could drive growth in the segment.
Based on the capacity, the global thin-film lithium-ion battery market is segmented into below 10 mAh, 10 mAh-100 mAh, and above 100 mAh. The below 10mAh segment is expected to have a significant share in the market during the forecast period. Batteries with a capacity of 10 mAh or less are widely used in medical implants, cosmetic patches, IoT devices, MEMS, CMOS memory, and other low-drain devices. Due to their compact size, the internal space is limited. It can be operated using a low-capacity battery. Growing demand from various applications is expected to drive growth during the forecast period.
Based on the battery type, the global thin-film lithium-ion battery market is segmented into rechargeable and disposable. The rechargeable sector is expected to further expand with the fastest growth during the forecast period. They are also suitable for medical devices, wireless sensors, wearable electronic products, and IoT devices. Sustainable R&D activities by various research institutes and companies focused on reducing the overall cost of these batteries are expected to drive sector growth over the next few years.
Based on the application, the global thin-film lithium-ion battery market is divided into wearable devices, medical, consumer electronics, smart cards, and others based on application. Wearable devices have become the leading application field. Wearable devices, such as fitness bracelets and smartwatches, are integrating thin-film batteries due to their improved charging rate and compact design due to the high demand for bank card and ID card products. It is anticipated that the increasing demand for smart cards used for identity verification in various departments will also promote the growth of the market segment during the forecast period.
To gain extensive insights into the market, Request for Customization
Europe is expected to contribute a considerable share towards the global market during the forecast period. Growth in the region results from continuous technological development and strict government safety regulations for battery applications. The end-user market is booming across the region, which further increases the demand for thin-film lithium-ion batteries. The penetration of wearables like the smartwatch is also rapidly growing in Europe.
The Asia Pacific region is expected to grow at the fastest pace during the forecast period. This growth is attributed to increased demand for products, the popularity of Internet of Things devices, and the rapid development of electronic equipment manufacturers in the region. Emerging countries, such as China, South Korea, Japan, and India lead the regional market. The Latin America and Middle East & Africa market are expected to show slow but steady growth in the projected period.
The report will include key players, such as Blue Spark Technologies, BrightVolt, Enfucell, STMicroelectronics, Cymbet Corporation, IMPRINT ENERGY, Ilika plc, LG Chem, Jenax Inc., Excellatron Solid State, Molex, Samsung SDI, and Angstrom Engineering Inc.
By Battery Type
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry