According to the latest report by IMARC Group, titled “Thin-Film Battery Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026”, 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
- Thin-Film Lithium Polymer
- Zinc-Based Thin-Film
Breakup by Battery Type:
Breakup by Voltage Type:
- Below 1.5V
- 5V to 3V
- Above 3V
Breakup by Application:
- Smart Cards and RFID
- Medical Applications
- Smart Wearables
- Wireless Sensor Network Systems
- Portable Electronics
Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Explore Full Report with TOC & List of Figure: https://bit.ly/3vLvLAr
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- 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.
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