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
Stay In Touch Website www.gminsights.com Soci
al Media