Thin-film Batteries Market size to grow by USD 2,582.35 million from 2022 to 2027|Increasing adoption of thin-film batteries for IoT devices boosts the market - Technavio

NEW YORK, July 28, 2023 /PRNewswire/ -- The thin-film batteries market size is estimated to grow by USD 2,582.35 million from 2022 to 2027, according to Technavio. The market growth momentum will progress at a CAGR of 26% during the forecast period. North America is estimated to account for 40% of the global market growth during the forecast period. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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Thin-film Batteries Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on end-user (smart wearables, smart cards, medical devices, and others), battery type (rechargeable and disposable), and geography (North America, APAC, Europe, South America, and Middle East and Africa).

The market share growth by the smart wearables segment is significant during the forecast period. Due to technological advances and rising living standards, there is a significant evolution in the wearable segment with frequent updates in existing products every 12 to 14 months. But, battery technology is not able to keep up with the rapid pace of advancement in smart wearable devices. Additionally, as there is an increasing demand for smart wearable electronics from various industries such as sports and fitness, military and protection, transportation, fashion, architecture, entertainment, and medicine, the market is highly dependent on the unit shipment of smart wearable devices. Hence, such factors are expected to drive market growth during the forecast period.

Geography Overview
By geography, the global thin-film batteries market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global thin-film batteries market.

North America is estimated to account for 40% of the growth of the global market during the forecast period. Some of the key factors which are significantly contributed to the growth of the global thin-film batteries market in North America are the growing urbanization and increasing number of schools, colleges, and offices which are increasing the smart cards market in the region post-pandemic. The increase in demand for smart cards has increased the demand for l thin-film batteries which is positively impacting the market growth in the region. Hence, such factors are expected to drive the global thin-film batteries market growth in the region during the forecast period.

Insights on the market contribution of various segments, including country and region wise historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Thin-film Batteries Market – Market Dynamics
Key factor driving market growth
The growing adoption of thin-film batteries for IoT devices drives the global thin-film battery market growth during the forecast period. Factors such as the increasing implementation of IoT across various industries are expected to fuel the demand for thin-film batteries in the coming years. Some of the rapid application segments of thin-film batteries include flexible printed electronics and wearable devices. Additionally, there is a significant presence of IoT in these markets, which is expected to fuel the market growth further. The increase in the number of devices connected to IoT devices simultaneously leads to the increase in demand for thin-film batteries. Some of the main advantages of thin film batteries are that they require ultra-low power, low-cost wireless connectivity, as well as ultra-compact size as well. Hence, such factors are expected to drive market growth during the forecast period.

Leading trends influencing the market 

A rise in cardiovascular disease cases is a key trend in the e global thin film battery market during the forecast period. Cardiovascular disease is a combination of several diseases or disorders of the blood vessels and heart, including coronary artery disease, cerebrovascular disease, peripheral artery disease, rheumatic heart disease, congenital heart disease, deep vein thrombosis, and pulmonary embolism. Some of the key causes of cardiovascular diseases include unhealthy food habits, smoking, and other lifestyle disorders. Furthermore, cardiovascular diseases are prevalent in low and middle-income countries as they do not have access to primary healthcare programs and treatments. The increasing prevalence of cardiovascular diseases leads to increasing demand for pacemakers which, in turn, will drive the global thin-film battery market growth during the forecast period. 

Major challenges hindering the market growth

High manufacturing cost is a significant challenge hindering the growth of the global thin-film batteries market. The process of manufacturing thin film batteries includes complex manufacturing processes that need specialized equipment and materials, which can increase the overall cost of production. Thus the high manufacturing cost associated with thin film batteries can lead to a decline in the adoption of such batteries for various applications. Some of the expensive materials which increase the cost of manufacturing thin film batteries include lithium, cobalt, and other rare-earth elements. Hence, such factors are expected to hinder the growth of the global thin-film batteries market during the forecast period.

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Thin-film Batteries Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the thin-film batteries market between 2023 and 2027
• Precise estimation of the size of the thin-film batteries market size and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the thin-film batteries market across North America, APAC, Europe, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of thin-film batteries market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Battery Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global thin-film batteries market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global thin-film batteries market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Battery Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Battery Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Smart wearables - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Smart wearables - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Smart wearables - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Smart wearables - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Smart wearables - Year-over-year growth 2022-2027 (%)

• 6.4 Smart cards - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Smart cards - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Smart cards - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Smart cards - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Smart cards - Year-over-year growth 2022-2027 (%)

• 6.5 Medical devices - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Medical devices - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Medical devices - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Medical devices - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Medical devices - Year-over-year growth 2022-2027 (%)

• 6.6 Others - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by End-user 
• Exhibit 50: Market opportunity by End-user ($ million)
• Exhibit 51: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Battery Type

• 7.1 Market segments
• Exhibit 52: Chart on Battery Type - Market share 2022-2027 (%)
• Exhibit 53: Data Table on Battery Type - Market share 2022-2027 (%)

• 7.2 Comparison by Battery Type 
• Exhibit 54: Chart on Comparison by Battery Type
• Exhibit 55: Data Table on Comparison by Battery Type

• 7.3 Rechargeable - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Rechargeable - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Rechargeable - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Rechargeable - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Rechargeable - Year-over-year growth 2022-2027 (%)

• 7.4 Disposable - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Disposable - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Disposable - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Disposable - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Disposable - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Battery Type 
• Exhibit 64: Market opportunity by Battery Type ($ million)
• Exhibit 65: Data Table on Market opportunity by Battery Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027 
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027 
• Exhibit 103: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027 
• Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Angstrom Engineering Inc. 
• Exhibit 119: Angstrom Engineering Inc. - Overview
• Exhibit 120: Angstrom Engineering Inc. - Product / Service
• Exhibit 121: Angstrom Engineering Inc. - Key offerings

• 12.4 Avery Dennison Corp.
• Exhibit 122: Avery Dennison Corp. - Overview
• Exhibit 123: Avery Dennison Corp. - Business segments
• Exhibit 124: Avery Dennison Corp. - Key news
• Exhibit 125: Avery Dennison Corp. - Key offerings
• Exhibit 126: Avery Dennison Corp. - Segment focus

• 12.5 Coreshell Technologies 
• Exhibit 127: Coreshell Technologies - Overview
• Exhibit 128: Coreshell Technologies - Product / Service
• Exhibit 129: Coreshell Technologies - Key offerings

• 12.6 Cymbet Corp.
• Exhibit 130: Cymbet Corp. - Overview
• Exhibit 131: Cymbet Corp. - Product / Service
• Exhibit 132: Cymbet Corp. - Key offerings

• 12.7 Enfucell
• Exhibit 133: Enfucell - Overview
• Exhibit 134: Enfucell - Product / Service
• Exhibit 135: Enfucell - Key offerings

• 12.8 Fujitsu Ltd.
• Exhibit 136: Fujitsu Ltd. - Overview
• Exhibit 137: Fujitsu Ltd. - Business segments
• Exhibit 138: Fujitsu Ltd. - Key news
• Exhibit 139: Fujitsu Ltd. - Key offerings
• Exhibit 140: Fujitsu Ltd. - Segment focus

• 12.9 Imprint Energy
• Exhibit 141: Imprint Energy - Overview
• Exhibit 142: Imprint Energy - Product / Service
• Exhibit 143: Imprint Energy - Key offerings

• 12.10 Jenax Inc.
• Exhibit 144: Jenax Inc. - Overview
• Exhibit 145: Jenax Inc. - Product / Service
• Exhibit 146: Jenax Inc. - Key offerings

• 12.11 Koch Industries Inc.
• Exhibit 147: Koch Industries Inc. - Overview
• Exhibit 148: Koch Industries Inc. - Product / Service
• Exhibit 149: Koch Industries Inc. - Key news
• Exhibit 150: Koch Industries Inc. - Key offerings

• 12.12 LG Corp.
• Exhibit 151: LG Corp. - Overview
• Exhibit 152: LG Corp. - Business segments
• Exhibit 153: LG Corp. - Key offerings
• Exhibit 154: LG Corp. - Segment focus

• 12.13 Samsung Electronics Co. Ltd. 
• Exhibit 155: Samsung Electronics Co. Ltd. - Overview
• Exhibit 156: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 157: Samsung Electronics Co. Ltd. - Key news
• Exhibit 158: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 159: Samsung Electronics Co. Ltd. - Segment focus

• 12.14 Shenzhen Grepow Battery Co. Ltd. 
• Exhibit 160: Shenzhen Grepow Battery Co. Ltd. - Overview
• Exhibit 161: Shenzhen Grepow Battery Co. Ltd. - Product / Service
• Exhibit 162: Shenzhen Grepow Battery Co. Ltd. - Key offerings

• 12.15 STMicroelectronics NV 
• Exhibit 163: STMicroelectronics NV - Overview
• Exhibit 164: STMicroelectronics NV - Business segments
• Exhibit 165: STMicroelectronics NV - Key news
• Exhibit 166: STMicroelectronics NV - Key offerings
• Exhibit 167: STMicroelectronics NV - Segment focus

• 12.16 The Swatch Group Ltd. 
• Exhibit 168: The Swatch Group Ltd. - Overview
• Exhibit 169: The Swatch Group Ltd. - Business segments
• Exhibit 170: The Swatch Group Ltd. - Key offerings
• Exhibit 171: The Swatch Group Ltd. - Segment focus

• 12.17 Ultralife Corp.
• Exhibit 172: Ultralife Corp. - Overview
• Exhibit 173: Ultralife Corp. - Business segments
• Exhibit 174: Ultralife Corp. - Key offerings
• Exhibit 175: Ultralife Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 176: Inclusions checklist
• Exhibit 177: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 178: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 179: Research methodology
• Exhibit 180: Validation techniques employed for market sizing
• Exhibit 181: Information sources

• 13.5 List of abbreviations 
• Exhibit 182: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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