According to the latest report by IMARC Group, titled “Thin-Film Battery Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027”, the global thin-film battery market reached a value of US$ 415.5 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 25.3% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Thin-film batteries refer to solid-state batteries that use both solid electrodes and electrolytes. Their internal structure is similar to that of other rechargeable batteries; however, they are thinner than conventional batteries. Thin-film batteries also leave smaller footprints and are more compatible with emerging technologies due to their flat shape. In recent years, thin-film batteries have gained traction as they offer several advantages, such as lightweight, high-energy density, lower cost, excellent battery backup, durability and efficiency.
The global thin-film battery market is primarily driven by the growing usage of smartphones, tablets and other consumer electronics. Additionally, the rapid miniaturization of electronic devices has augmented the product demand as thin-film batteries are more suitable for compact devices. Furthermore, the emergence of the Internet of Things (IoT) devices and widespread product adoption in low-power electronics, such as smartwatches and fitness bands have bolstered the market growth. Other factors, including the ongoing research and development (R&D) activities, and their increasing application in portable medical devices, are also anticipated to catalyze the market growth.
Thin-Film Battery Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the thin-film battery market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the thin-film battery market on the basis of technology, battery type, voltage type, application and region.
Breakup by Technology:
Thin-Film Lithium Polymer
Breakup by Battery Type:
Breakup by Voltage Type:
5V to 3V
Breakup by Application:
Smart Cards and RFID
Wireless Sensor Network Systems
Breakup by Region:
Middle East and Africa
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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