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Flexible Battery Market by Type, Printed, Curved), Chargeability, Application - Global Forecast to 2022

Flexible Battery Market: Global Forecast until 2022

  • January 2017
  • 152 pages
  • ID: 4606000
In this report:
The market size for thin-film battery, in terms of volume, was ##.## million units in 2015 and is expected to reach ##.## million units by 2022, at a CAGR of ##.##% between 2016 and 2022.
The market size for thin-film battery, in terms of volume, was ##.## million units in 2015, and it is expected to reach ##.## million units by 2022, at a CAGR of ##.##% between 2016 and 2022.

Summary

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"Global flexible battery market to exhibit significant increase potential between 2016 and 2022"

The flexible battery market is anticipated to rise at a compound annual growth rate (CAGR) of 46.60 percent between 2016 and 2022 to attain $958.40M by 2022. The main driving factors for the increase ot the flexible battery market are the increasing need for wearable electronics, demand for thin and flexible batteries in electronic devices including watches, mobiles, tablet PCs, and medical equipment, and growing miniaturization in consumer electronic devices, Nevertheless, the need for high initial investment and lack of standardization in the development of flexible batteries are the main restraining factors for the increase of this market.

"Rechargeable battery to lead the flexible battery market during the outlook period"

Rechargeable battery leads the this market and is anticipated to witness the more significant increase rate during the estimate period. Applications including consumer electronics, wearable devices, medical devices, and wireless communication need a rechargeable battery with a long life span. Flexible batteries including thin-film battery and curved battery are mostly rechargeable batteries which can be used in mobile devices and wearable devices. The rising use of rechargeable batteries in consumer electronics and wearable devices is predicted to push the flexible battery market during the outlook period.

"Thin-film battery segment to hold the biggest share during the estimate period"

Thin-film batteries are used widely in applications including smart packaging, smart cards, wearable devices, and medical devices. Miniaturization in the products used in these applications has rised the industry demand for thin-film batteries, thereby driving the increase of thin-film flexible battery market significantly. Thin-film batteries have less self-discharge rates and cost less than lithium polymer batteries. Therefore, they have a huge demand in electronics devices, thereby driving the increase of the market.

"Asia-Pac to be the quickest developing market for flexible battery during the outlook period"

The industry for flexible battery in the APAC area is forecast to grow at the highest compound annual growth rate (CAGR) between 2016 and 2022. Main consumer electronics manufacturers in this zone are modernizing their product designs to function using thin power sources for compatibility with the flexible designs of their products. As a result, the technological advancements in smart packaging and consumer electronics as well as the increasing popularity of wearable devices in this area are fueling the increase of the this market in the Asia-Pacific regions.

The break-up of the profiles of primary members taking part for the study has been provided below:

- By Company Type: Tier 1 - 25.0 percent, Tier 2 - 40.0 percent, and 1/3 3 - 35.0 percent

- By Designation: C-suite executives - 72.0 percent and Directors- 28.0 percent

- By area: North america (NA) - 32.0 percent, Europe - 30.0 percent, APAC - 24.0 percent, and rest of the world - 14.0 percent

Top actors engaged in the development of flexible battery contain Samsung SDI Co., Limited, LG Chem Ltd., STMicroelectronics (NYSE:STM), Enfucell Oy Ltd., Blue Spark Technologies Ltd., Rocket Electric Co. ltd, Fullriver Battery New Technology Co., Limited, Paper Battery Co. Inc., BrightVolt, Incorporated, Panasonic (PCRFY), Ultralife Corporation, and NEC Energy Solutions.

Segment Research

The research report on the overall flexible battery market contains the market based on type, chargeability, application, and territory. The market has been split on the basis of type into thin-film battery, printed battery, curved battery, and others. On the basis of chargeability, the flexible battery market has been categorized into rechargeable and single use. Futhermore, the flexible battery market has been split on the basis of application into smart packaging, smart cards, consumer electronics, medical devices, wearable devices, wireless communication, and others. The analysis includes four main geographical regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), and Rest of the globe.

Main highlights

Figures of segmentation, review, and estimate for the sector established on category, chargeability, application, and area have been organized to give an global view of the flexible battery market.

The porter's five forces scheme has been exploited along with the value chain study to offer a detailed insight into the flexible battery market.

The main drivers, market restraints, alternatives, and opportunities for the flexible battery market have been precised in this industry report.

The market research includes an exhaustive competitive analysis together with top players, complete study, and revenue of main actors.

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