07.04.23
MarketsandMarkets’ report, "Thin Film and Printed Battery Market by Type (Thin Film, Printed), Voltage (Below 1.5 V, 1.5 to 3 V, Above 3 V), Capacity (Below 10 mAh, 10 to 100 mAh, Above 100 mAh), Battery Type (Primary, Secondary), Application, Region - Global Forecast to 2028," the global thin film and printed battery market size is expected to grow from $187 million in 2023 to $650 million by 2028, at a CAGR of 28.2% from 2023 to 2028.
The miniaturization of electronic devices in various industries has increased the demand for thin film and printed batteries. These batteries are also more cost-effective than conventional batteries. Smart cards, medical devices, consumer electronics, wireless sensors, and medical devices are some of the emerging applications of thin film and printed batteries.
The secondary battery segment is expected to gain a significant market share during the forecast period. The secondary batteries are rechargeable and can be charged repeatedly but are costlier than single-use batteries.
Secondary thin film and printed batteries are rechargeable by depositing electrodes and electrolytes onto a flexible substrate. They offer advantages such as flexibility, low cost, long cycle life, and safety. Rechargeable batteries have less environmental impact as they get recycled every time instead of getting disposed of.
The most commonly used rechargeable batteries are lithium-ion (Li-ion) and lithium-ion polymer (Li-ion polymer) batteries, which exhibit high-energy-density. The adoption of wearable devices and medical devices such as smartwatches and fitness bands has increased in recent years, and they have significant potential to drive the market for secondary thin film and printed batteries. Hence, the secondary battery segment will gain a considerable market share in the thin film and printed battery market.
The medical devices application is projected to gain a considerable market share during the forecast period. Thin film and printed batteries are promising new battery technologies that have a number of advantages for medical applications. They are flexible and printed on a variety of substrates, making them easy to manufacture and they can also be customized to match the specific needs of any application.
Presently, they are being used to power implantable medical devices, pacemakers, insulin pumps, and hearing aids. They are also used to power wearable medical devices, such as fitness trackers and blood pressure monitors. Overall, thin film and printed batteries offer advantages for medical applications. As the technology continues to develop, these batteries are expected to be used in even more medical applications in the future.
The miniaturization of electronic devices in various industries has increased the demand for thin film and printed batteries. These batteries are also more cost-effective than conventional batteries. Smart cards, medical devices, consumer electronics, wireless sensors, and medical devices are some of the emerging applications of thin film and printed batteries.
The secondary battery segment is expected to gain a significant market share during the forecast period. The secondary batteries are rechargeable and can be charged repeatedly but are costlier than single-use batteries.
Secondary thin film and printed batteries are rechargeable by depositing electrodes and electrolytes onto a flexible substrate. They offer advantages such as flexibility, low cost, long cycle life, and safety. Rechargeable batteries have less environmental impact as they get recycled every time instead of getting disposed of.
The most commonly used rechargeable batteries are lithium-ion (Li-ion) and lithium-ion polymer (Li-ion polymer) batteries, which exhibit high-energy-density. The adoption of wearable devices and medical devices such as smartwatches and fitness bands has increased in recent years, and they have significant potential to drive the market for secondary thin film and printed batteries. Hence, the secondary battery segment will gain a considerable market share in the thin film and printed battery market.
The medical devices application is projected to gain a considerable market share during the forecast period. Thin film and printed batteries are promising new battery technologies that have a number of advantages for medical applications. They are flexible and printed on a variety of substrates, making them easy to manufacture and they can also be customized to match the specific needs of any application.
Presently, they are being used to power implantable medical devices, pacemakers, insulin pumps, and hearing aids. They are also used to power wearable medical devices, such as fitness trackers and blood pressure monitors. Overall, thin film and printed batteries offer advantages for medical applications. As the technology continues to develop, these batteries are expected to be used in even more medical applications in the future.