Thin Film Battery Market size to grow at 40% CAGR to reach $1.5bn by 2024 - PowerPoint PPT Presentation

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Thin Film Battery Market size to grow at 40% CAGR to reach $1.5bn by 2024

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Thin Film Battery Market size is estimated to be valued at over USD 1.5 billion by 2024, growing at a CAGR of around 40% from 2016 to 2024. The escalating demand for thin and flexible devices across various industries may fuel the thin film battery market growth – PowerPoint PPT presentation

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Title: Thin Film Battery Market size to grow at 40% CAGR to reach $1.5bn by 2024


1
Thin Film Battery Market size to grow at 40 CAGR
from 2016 to 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Regional Analysis of Thin Film Battery Market
  • The U.S. thin film battery market is likely to
    account for the key industry share by 2024.
  • The growth can be attributed to the high demand
    from the packaging industry and the growing smart
    card usage.
  • The Asia Pacific thin film battery market share
    is anticipated to witness considerable growth
    rates owing to the rising usage of
    battery-operated vehicles across the region.

3
Application Analysis of Thin Film Battery
Market
  • Based on the applications, the industry can be
    segregated into WSNs, smart cards RFIDs, smart
    wearables, Internet of Things (IoT), electronic
    textiles, smart packaging interactive media,
    healthcare, toys, and portable electronics.
  • The electronic textiles and smart wearables
    segments are likely to account for the key
    industry share. The growth can be attributed to
    high flexibility, thinness, and lightweight
    features offered by this product. In addition,
    the surging demand for energy storage solutions
    with novel form factors is predicted to offer
    potential growth opportunities for the thin film
    battery market share over the forecast timeline.
  • The healthcare sector is predicted to exhibit
    tremendous growth prospects due to the rising
    demand for disposable medical equipment requiring
    micro power batteries. The rising prominence of
    skin patches using printed batteries could result
    in positive impacts on industry growth.
    Furthermore, the medical diagnostic devices and
    sensors would offer a favorable growth platform,
    although the current thin film battery technology
    is not mature enough to be used directly.

4
Competitive Market Share of Thin Film Battery
Market
  • Key players operating in the thin film battery
    market include Blue Spark Technologies, Solicore,
    FlexeI, ITN Energy Systems, and BrightVolt. Other
    prominent players include Samsung SDI, Front Edge
    Technology, Rocket Electric, Imprint Energy,
    Prelonic, Jenax, Cymbet, NEC, and
    STMicroelectronics.
  • The market participants are focusing on new
    product development to gain prominence in the
    industry. In 2015, Samsung SDI has developed
    stripe and band batteries that can bend and adapt
    easily as a fiber and is equipped with advanced
    energy density.
  • It is a next-generation product that can be
    adapted in various forms such as a necklace,
    t-shirt, hairband, and accessories. It is
    forecast to create higher energy density in
    comparison to conventional batteries by
    diminishing the breadth of battery sealing. It is
    equipped with both design flexibility and high
    performance.

5

Browse Full Market Research Report On Thin Film
Battery Market _at_ http//bit.ly/2gEyG8m Request
for an in-depth table of contents for this
report _at_ https//www.gminsights.com/request-toc/up
coming/843
6
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