Thin Film Battery Market to grow at 25% CAGR from 2016 to 2024 - PowerPoint PPT Presentation


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Thin Film Battery Market to grow at 25% CAGR from 2016 to 2024


More Information @ Growing adoption of wearable devices including fitness trackers, watches, and smart glasses will propel the thin film battery market share. Rising standard of living with high disposable income will favor business growth. Emerging demand for small, low-weight and flexible devices with large energy storage capacity and higher lifetime will stimulate the thin film battery market demand. Increasing adoption for sensors, smart cards, novelty consumer and medical applications will further complement growth. – PowerPoint PPT presentation

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Title: Thin Film Battery Market to grow at 25% CAGR from 2016 to 2024

Thin Film Battery Market to reach 1.8bn by 2024
Key Insights of Thin Film Battery Market
  • Thin Film Battery Market will exceed USD 1.8
    billion by 2024, driven by growing demand for
    portable and flexible electronic devices.
  • Thin film battery market is set to cross the
    billion-dollar benchmark by 2024, with a targeted
    industry valuation of USD 1.8 billion.
    Reportedly, the overall thin film battery
    industry share was worth USD 200 million in 2015.
    The huge growth that this business is anticipated
    to witness can be credited to its myriad
    applications across a wide range of sectors
    including medical devices, wearable electronics,
    consumer products, smart cards, sensors, and
    RFID. Banking and government institutes are the
    two major sectors witnessing a noticeable
    adoption of these batteries.
  • Driven by the security demands, smart cards have
    become one of the prominent revenue contributors
    to the global thin film battery industry share.
    In 2015, this application segment was worth USD
    10 million and is expected to exhibit a
    remarkable surge over the coming years. As per
    the estimates, thin film battery market size from
    smart card application is expected to surpass USD
    130 million by 2024. The growth can also be
    credited to the increasing adoption of smart
    cards across a wide range of sectors such as
    transportation, medical, IT, and BFSI.

  • Over the recent years, RFID thin film battery
    industry has also gained a prominent significance
    with its wide spectrum of applications in
    logistics, material management, and inventory
    control. Despite occupying a minor share of 7 of
    the overall market in 2015, the RFID applications
    are slated to witness commendable gains over the
    coming seven years.
  • The expanding wearable devices market is further
    influencing the overall thin film battery
    industry share. In 2015, the thin film battery
    market share from wearable devices application
    was worth USD 80 million. The rapidly growing
    trend of IoT is certain to create a pool of
    opportunities for this industry over the years
    ahead. In this regard, Asia Pacific is one of the
    prominent regions substantially contributing to
    the global share with a commendable adoption rate
    of wearable devices. In addition, the surging
    demand for battery-based vehicles and economic
    development of the region will further push the
    APAC growth.


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

  • As per reliable estimates, approximately 95 of
    the credit cards would be deployed with EMV chip
    by 2018. This fact is poised to massively drive
    the U.S. thin film battery market share.
    Reportedly, the region registered a valuation of
    USD 70 million in 2015. European market will also
    witness lucrative gains over the coming years
    with U.K. and Germany driving the regional
    demand. The technological advancements pertaining
    to the medical devices will drive Europe thin
    film battery market share.
  • Industry participants are heavily investing in
    RD activities to expand their product portfolio
    in terms of the technological advancements and
    the smart consumer demands. Key players in this
    market include Excellatron, ST Microelectronics,
    NEC Corporation, Jenax, Enfucell Oy, Imprint
    Energy, BrightVolt Inc, FlexEl, PowerId, Cymbet
    Corporation, and Thinfilm.

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