Product Code: 843
Thin Film Battery Market is poised to grow considerably during 2023-2032 owing to the increasing need for compact electronic devices and safety concerns regarding battery life. Thin-film batteries are solid-state batteries that comprise the anode, cathode, electrolyte, and separator. This battery type is used widely in consumer electronics, wireless sensors, smart cards, medical devices, memory backup power, energy storage for solar cells, etc.
Constant technological innovations and the development of smart cities have imposed the deployment of smart devices that offer improved safety, power, specific energy, and compact size materials, thus increasing the demand for thin-film rechargeable batteries. These batteries offer excellent mechanical strength, good energy and power densities, a superior and long cycle life, and significant temperature tolerance for small portable consumer electronics.
Besides, thin-film lithium-ion batteries offer enhanced performance given their light weights, higher average output voltage, long cycle life (around 1200 cycles), higher energy density, and ability to operate in a wider temperature range compared to the standard lithium-ion batteries.
To diversify their product portfolio and gain a competitive edge over rivals in the global market, industry players are concentrating on various strategies such as innovative product launches and mergers and acquisitions. For instance, in 2022, Meta Materials Inc. inked a Master Service Agreement with Coulometrics, LLC, to independently validate META's platform technologies associated with battery applications.
Overall, the thin film battery industry is segmented in terms of product, application, and region.
Based on the product, the rechargeable battery segment will witness appreciable growth between 2023-2032. Thin-film, solid-state rechargeable lithium batteries are excellent micropower sources for various applications that call for good capacity retention, high energy, and power densities across tens of thousands of discharge/charge cycles, and a very low self-discharge rate.
Considering the application, the consumer products application segment is anticipated to be valued at over USD 340 million by 2032. Increasing consumer demand for compact and thinner utilities will propel the segment growth. In addition, faster charging times, thin rectangular shapes, and long battery lives are some of the key parameters anticipated to boost product adoption in the coming years.
Regionally, the Europe thin film battery market is anticipated to depict over 39% CAGR through 2032. Increasing investment towards developing medical facilities and related equipment, including hospitals, clinics, and other regional infrastructure, will favor the market outlook positively.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope and definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Thin film battery industry 360 degree synopsis, 2019 - 2032
- 2.1.1 Business trends
- 2.1.2 Product trends
- 2.1.3 Application trends
- 2.1.4 Regional trends
Chapter 3 Thin Film Battery Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.2.1 U.S.
- 3.2.1.1 Consumer Product Safety Commission (CSPC)
- 3.2.1.2 DOE VTO Advanced Battery R&D Program
- 3.2.2 Europe
- 3.2.3 EU Battery Directive
- 3.2.4 European Battery Alliance (EBA)
- 3.2.4.1 Strategic action plan for batteries:
- 3.2.5 UK
- 3.2.6 Northern Ireland
- 3.2.7 Scotland
- 3.2.8 Germany
- 3.2.9 Sweden
- 3.2.10 Austria
- 3.2.11 China
- 3.2.12 Japan
- 3.2.12.1 International Battery Standards
- 3.2.12.2 Customer group requirements
- 3.2.12.3 Entry barriers
- 3.2.13 India
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.1.1 Increased spending on Consumer Products
- 3.3.1.2 Longer cycle life
- 3.3.1.3 Low self-discharge rate
- 3.3.2 Industry pitfalls & challenges
- 3.3.2.1 High initial cost
- 3.4 Growth potential analysis
- 3.5 Porter's Analysis
- 3.5.1 Bargaining power of supplier
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitute
- 3.6 PESTEL Analysis
Chapter 4 Competitive Benchmarking
- 4.1 Innovation & sustainability landscape
- 4.1.1 Enfucell Flexible Electronics LTD
- 4.1.2 Ion Storage Systems
- 4.1.3 Ilika Ltd.
- 4.2 Competitive landscape, 2022
- 4.2.1 Strategy dashboard
- 4.2.1.1 BrightVolt Solid State Batteries
- 4.2.1.2 Prieto Battery Inc
Chapter 5 Thin Film Battery Market, By Product
- 5.1 Key product trends
- 5.2 Rechargeable
- 5.2.1 Global market from rechargeable, 2019 - 2032
- 5.2.2 Global market from rechargeable, by region, 2019 - 2032
- 5.3 Non-rechargeable
- 5.3.1 Global market from non-rechargeable, 2019 - 2032
- 5.3.2 Global market from non-rechargeable, by region, 2019 - 2032
Chapter 6 Thin Film Battery Market, By Application
- 6.1 Key application trends
- 6.2 Wearable devices
- 6.2.1 Global market from wearable devices, 2019 - 2032
- 6.2.2 Global market from wearable devices, by region, 2019 - 2032
- 6.3 Medical
- 6.3.1 Global market from medical, 2019 - 2032
- 6.3.2 Global market from medical, by region, 2019 - 2032
- 6.4 Smart cards
- 6.4.1 Global market from smart cards, 2019 - 2032
- 6.4.2 Global market from smart cards, by region, 2019 - 2032
- 6.5 Consumer products
- 6.5.1 Global market from consumer products, 2019 - 2032
- 6.5.2 Global market from consumer products, by region, 2019 - 2032
- 6.6 Others
- 6.6.1 Global market from others, 2019 - 2032
- 6.6.2 Global market from others, by region, 2019 - 2032
Chapter 7 Thin Film Battery Market, By Region
- 7.1 Key regional trends
- 7.2 North America
- 7.2.1 North America market, 2019 - 2032
- 7.2.2 North America market by product, 2019 - 2032
- 7.2.3 North America market by application, 2019 - 2032
- 7.2.4 U.S.
- 7.2.4.1 U.S. market, 2019 - 2032
- 7.2.4.2 U.S. market by product, 2019 - 2032
- 7.2.4.3 U.S. market by application, 2019 - 2032
- 7.2.5 Canada
- 7.2.5.1 Canada market, 2019 - 2032
- 7.2.5.2 Canada market by product, 2019 - 2032
- 7.2.5.3 Canada market by application, 2019 - 2032
- 7.2.6 Mexico
- 7.2.6.1 Mexico market, 2019 - 2032
- 7.2.6.2 Mexico market by product, 2019 - 2032
- 7.2.6.3 Mexico market by application, 2019 - 2032
- 7.3 Europe
- 7.3.1 Europe market, 2019 - 2032
- 7.3.2 Europe market by product, 2019 - 2032
- 7.3.3 Europe market by application, 2019 - 2032
- 7.3.4 Germany
- 7.3.4.1 Germany market, 2019 - 2032
- 7.3.4.2 Germany market by product, 2019 - 2032
- 7.3.4.3 Germany market by application, 2019 - 2032
- 7.3.5 UK
- 7.3.5.1 UK market, 2019 - 2032
- 7.3.5.2 UK market by product, 2019 - 2032
- 7.3.5.3 UK market by application, 2019 - 2032
- 7.3.6 France
- 7.3.6.1 France market, 2019 - 2032
- 7.3.6.2 France market by product, 2019 - 2032
- 7.3.6.3 France market by application, 2019 - 2032
- 7.3.7 Italy
- 7.3.7.1 Italy market, 2019 - 2032
- 7.3.7.2 Italy market by product, 2019 - 2032
- 7.3.7.3 Italy market by application, 2019 - 2032
- 7.3.8 Spain
- 7.3.8.1 Spain market, 2019 - 2032
- 7.3.8.2 Spain market by product, 2019 - 2032
- 7.3.8.3 Spain market by application, 2019 - 2032
- 7.3.9 Austria
- 7.3.9.1 Austria market, 2019 - 2032
- 7.3.9.2 Austria market by product, 2019 - 2032
- 7.3.9.3 Austria market by application, 2019 - 2032
- 7.3.10 Sweden
- 7.3.10.1 Sweden market, 2019 - 2032
- 7.3.10.2 Sweden market by product, 2019 - 2032
- 7.3.10.3 Sweden market by application, 2019 - 2032
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific market, 2019 - 2032
- 7.4.2 Asia Pacific market by product, 2019 - 2032
- 7.4.3 Asia Pacific market by application, 2019 - 2032
- 7.4.4 China
- 7.4.4.1 China market, 2019 - 2032
- 7.4.4.2 China market by product, 2019 - 2032
- 7.4.4.3 China market by application, 2019 - 2032
- 7.4.5 Japan
- 7.4.5.1 Japan market, 2019 - 2032
- 7.4.5.2 Japan market by product, 2019 - 2032
- 7.4.5.3 Japan market by application, 2019 - 2032
- 7.4.6 South Korea
- 7.4.6.1 South Korea market, 2019 - 2032
- 7.4.6.2 South Korea market by product, 2019 - 2032
- 7.4.6.3 South Korea market by application, 2019 - 2032
- 7.4.7 India
- 7.4.7.1 India market, 2019 - 2032
- 7.4.7.2 India market by product, 2019 - 2032
- 7.4.7.3 India market by application, 2019 - 2032
- 7.4.8 Australia
- 7.4.8.1 Australia market, 2019 - 2032
- 7.4.8.2 Australia market by product, 2019 - 2032
- 7.4.8.3 Australia market by application, 2019 - 2032
- 7.5 Rest of World
- 7.5.1 Rest of World market, 2019 - 2032
- 7.5.2 Rest of World market by product, 2019 - 2032
- 7.5.3 Rest of World market by application, 2019 - 2032
- 7.5.4 Brazil
- 7.5.4.1 Brazil market, 2019 - 2032
- 7.5.4.2 Brazil market by product, 2019 - 2032
- 7.5.4.3 Brazil market by application, 2019 - 2032
- 7.5.5 UAE
- 7.5.5.1 UAE market, 2019 - 2032
- 7.5.5.2 UAE market by product, 2019 - 2032
- 7.5.5.3 UAE market by application, 2019 - 2032
- 7.5.6 Saudi Arabia
- 7.5.6.1 Saudi Arabia market, 2019 - 2032
- 7.5.6.2 Saudi Arabia market by product, 2019 - 2032
- 7.5.6.3 Saudi Arabia market by application, 2019 - 2032
Chapter 8 Company Profiles
- 8.1 Cymbet
- 8.1.1 Business overview
- 8.1.2 Financial data
- 8.1.3 Product landscape
- 8.1.4 Strategic outlook
- 8.1.5 SWOT Analysis
- 8.2 BrightVolt Solid State Batteries
- 8.2.1 Business overview
- 8.2.2 Financial data
- 8.2.3 Product landscape
- 8.2.4 Strategic outlook
- 8.2.5 SWOT Analysis
- 8.3 Johnson Energy Storage, Inc.
- 8.3.1 Business overview
- 8.3.2 Financial data
- 8.3.3 Product landscape
- 8.3.4 SWOT Analysis
- 8.4 Ilika Ltd.
- 8.4.1 Business overview
- 8.4.2 Financial data
- 8.4.3 Product landscape
- 8.4.4 Strategic outlook
- 8.4.5 SWOT Analysis
- 8.5 Prieto Battery Inc
- 8.5.1 Business overview
- 8.5.2 Financial data
- 8.5.3 Product landscape
- 8.5.4 Strategic outlook
- 8.5.5 SWOT Analysis
- 8.6 STMicroelectronics
- 8.6.1 Business overview
- 8.6.2 Financial data
- 8.6.3 Product landscape
- 8.6.4 SWOT Analysis
- 8.7 ITEN
- 8.7.1 Business overview
- 8.7.2 Financial data
- 8.7.3 Product landscape
- 8.7.4 SWOT Analysis
- 8.8 Ion Storage Systems
- 8.8.1 Business overview
- 8.8.2 Financial data
- 8.8.3 Product landscape
- 8.8.4 SWOT Analysis
- 8.9 Enfucell Flexible Electronics LTD
- 8.9.1 Business overview
- 8.9.2 Financial data
- 8.9.3 Product landscape
- 8.9.4 Strategic outlook
- 8.9.5 SWOT Analysis
- 8.10 Imprint Energy
- 8.10.1 Business overview
- 8.10.2 Financial data
- 8.10.3 Product landscape
- 8.10.4 SWOT Analysis
- 8.11 Jenax Inc.
- 8.11.1 Business overview
- 8.11.2 Financial data
- 8.11.3 Product landscape
- 8.11.4 SWOT Analysis
- 8.12 Molex, LLC
- 8.12.1 Business overview
- 8.12.2 Financial data
- 8.12.3 Product landscape
- 8.12.4 SWOT Analysis