Thin Film Battery Market share worth over $1.8bn by 2024 (1)

1
Thin Film Battery Market revenue to grow at over
25 CAGR from 2016 to 2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Industry Overview

• Increasing demand for light weight, compact, and
  portable products have spurred the growth for
  thin film battery market. Internet of things has
  contributed towards a great deal in regards with
  increasing application of thin film battery in
  phablets and smartphones coupled with its
  utilization in sensor networks. Rising standard
  of living with high disposable incomes will
  generate increased adoption for wearable devices
  including watches, smart fabrics, fitness
  trackers, and glasses and will in turn favor the
  thin film battery industry trends. The various
  benefits allied with the use of thin film battery
  in electronics include lower cost, less weight,
  higher energy density, and smaller footprint.
• The chargeable and disposable battery are the
  two-major product categories of the thin film
  battery industry. Chargeable batteries are
  suitable for wireless sensors networks and have
  accounted for over 40 of the overall industry
  revenue in 2015. The other type, i.e. disposable
  thin film battery acts as energy source for
  semi-battery-assisted passive RFID, greeting
  cards, toys, consumer music, semi-active tags
  with sensors, and one-time password display type
  smart cards. Disposable thin film battery market
  is estimated to register a CAGR of 20 over the
  period of 2016-2024.

3

• The ability of thin film batteries to perform
  better makes its adoption more common in medical
  devices, wearable electronics, consumer products,
  smart cards, RFID, sensors, and backup power
  applications. Increasing number of mobile users
  along with rising adoption of smart cards, SIM
  cars, EMV cards will stimulate the thin film
  battery industry share. The smart card
  application is projected to surpass USD 130
  million by 2024. These batteries also find
  important application in security systems, as
  RFID and sensors are used to monitor risks
  related to cyber security and financial crimes
  augmenting the thin film battery market outlook.
• US thin film battery market worth USD 70 million
  in 2015, is anticipated to witness heavy gains
  due to increasing adoption of EVM chip card
  technology. By 2018, over 95 of credit cards
  would be enabled with EMV chip which will create
  huge opportunities for regional growth.
  Furthermore, Brazil thin film battery market will
  also witness promising growth, owing to
  increasing implementation of EVM chips to
  minimize payment scams.

4

• Backup power is another lucrative area of
  application where thin film battery finds immense
  application, owing to increasing demand for
  uninterrupted power supply and rapid growth of
  wireless communication system. Thin film battery
  industry demand from backup power is anticipated
  to register a CAGR of 20 over the period of
  2016-2024. Moreover, medical device applications
  will witness heavy gains, owing to increasing
  adoption of throw-away medical equipment.
• Asia Pacific thin film battery industry is
  anticipated to witness significant growth due to
  heavy regional demand for wearable devices and
  increase in per-capita income in countries such
  as China, South Korea, and Japan. China thin film
  battery market size is estimated to surpass USD
  100 million in coming seven years.
• Few of the notable industry players are
  Excellatron Solid State LLC, STMicroelectronics,
  BrightVolt Inc, Imprint Energy Inc, Cymbet
  Corporation, Enfucell Oy, Blue Spark, and FlexEl

5
UK Thin Film Battery Market size, by application
2013-2024 (USD Million)

6

Browse Full Market Research Report Of Thin Film
Battery Market _at_ http//bit.ly/2lPnSst Request
for a Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/8
43
7
Stay In Touch Website www.gminsights.com Soci
al Media