The flexible battery market is expected to be worth USD 958.4 Million by 2022, at a CAGR of 46.6% between 2016 and 2022. The growth of this market is propelled by the increasing miniaturization of electronics devices, need for thin and flexible batteries in consumer electronics, and the growing demand for wearable devices. The market has been segmented on the basis of type, chargeability, application, and region.
Thin-film battery type is expected to hold a large share of the overall flexible battery market in 2016. Thin-film batteries are used widely in applications such as smart packaging, smart cards, wearable devices, and medical devices. With the advent of technology in these applications, there is a growing demand for thin-film batteries during the forecast period. The advancement in these applications is increasing the demand for thin-film batteries and thus driving the growth further.
The APAC region is expected to be the fastest-growing region in the flexible battery market. In APAC, China currently holds the largest market share and it is also expected to grow at the highest CAGR during the forecast period. China is a developing economy and has a huge consumer electronics manufacturing capacity, which is one of the emerging applications for flexible battery.
One of the key restraining factors for this market is the development of flexible batteries which requires high initial investment, especially in the area of research and development and its manufacturing setup. It requires the implementation of sophisticated and expensive machinery along with the technology for manufacturing flexible battery. As the machinery and technology comes at high cost, it increases the requirement for investments.
- Blue Spark Technologies, Inc.
- Brightvolt Inc.
- Enfucell OY Ltd.
- LG Chem Ltd.
- NEC Energy Solutions Inc.
- Panasonic Corp.
- Samsung SDI Co., Ltd.
- Stmicroelectronics N.V.
- Ultralife Corp.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights - Flexible Battery Market
5 Market Overview
6 Industry Trends
7 Flexible Battery Market, By Type
8 Flexible Battery Market, By Chargeability
9 Flexible Battery Market, By Application
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/x3rbwt/flexible_battery
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