According to a new market research report “Thin Film and Printed Battery Market, Global Forecast & Analysis (2012 - 2017), the total thin film and printed battery market is expected to reach $1,210.3 million by 2017 at a CAGR of 46.14% from 2012 to 2017.
Browse 98 tables and 35 figures/charts spread across 213 pages and in-depth TOC on “Thin Film and Printed Battery Market”
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Currently, the market for the thin film and printed battery is $181.5 million, and at a CAGR of 46.14%, calculated from 2012 to 2017, it is expected to reach a net value of $1,210.3 millionThe research report provides analysis of various market dynamics such as drivers, restraints, and opportunities. Along with the market dynamics, report also gives an insight to the various market parameters such as; price trends, market share analysis, value chain analysis, and the recent market activity by the leading players for sustainability. Market activity includes mergers, acquisitions, new product developments, collaborations, joint ventures and partnerships by the players in the market.
The market for the thin film and printed battery has emerged due to the increasing demand of OEMs for flexible, light weight and highly portable power sources. Such characteristics are desired in the product so as to make it lean and easy to handle. Currently, both, the value and volume market for thin film and printed battery is very low. The reason cited for the low figures is the early growth stage of the market segment. Two reasons for the low value – high growth rate scenario; first, the market has just started to commercialize, and second, there are no big players in the market segment. Most of the players are spin-offs from a research institute.
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The market is segmented according to the technology, products, applications, and geography. The technology segment includes market breakdown according to various component types used in the battery. Product segmentation is done based on the physical characteristics of a battery. Characteristics such as; rechargeability and supply voltage.
Applications market for the thin film and printed battery is segmented into three different ways; commercial applications, industrial applications, and consumer applications. Each of the application type is further divided into specific applications. Retail, medical, semiconductors, energy harvesting, RFID and smartcards, and novelty electronics are the specific areas covered during study. The report also covers the geographic segmentation of the market.
Thin film and printed battery market was in the development phase till late 2000s, but after 2010, there has been significant commercialization of the thin film and printed battery products. The report describes thin film batteries and printed batteries. Though the manufacturing processes and materials used for both batteries are different, their applications are almost similar. Hence both the types are considered for analysis.
The major reason for the high growth of thin battery types is its physical characteristics. Thin batteries are flexible and light weight. This property is desired by most of the OEMs since it reduces the product footprint. Apart from this, the report gives a detailed insight about various other factors assisting as well as restricting the market growth. Such factors are known as market drivers and market restraints.
The advancements made to the thin film lithium ion battery have allowed for many potential applications. Most of these applications are aimed at improving the currently available consumer and medical products. Thin film lithium ion batteries can be used to make thinner portable electronics, because the thickness of the battery required to operate the device can be reduced greatly.
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