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Thin Film Battery Market Share

Report ID: GMI843
Published Date: Mar 2023
Report Format: PDF

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Thin Film Battery Market Share

Top companies operating in the global thin film battery market are :

STMicroelectronics
Ion Storage Systems
Molex, LLC
Prieto Battery Inc
Enfucell Flexible Electronics LTD
and Imprint Energy

Many of these firms are focusing on product innovations to keep ahead of the competition. Citing an instance, in August 2021, Prieto Battery, a Colorado-based battery manufacturer, announced an investment of over USD 5.7 million to accelerate the manufacturing of solid-state advanced rechargeable thin film batteries.

This strategic move helped the company expand its battery architecture while offering superior power capabilities, high energy density, fast charging, and high and low-temperature operation capabilities.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of thin film battery crossed USD 303.1 million in 2023 and is slated to grow at over 41.3% CAGR from 2024 to 2032, driven by surging spending on consumer electronics.

Based on application, thin film battery industry share from wearable devices segment was valued at more than USD 73.5 million in 2022, going ahead, rising proliferation of wearables, such as smart watches and fitness bands, in daily lives is poised to foster segment revenues.

The Asia Pacific market held a valuation of over USD 89 million in 2022, driven by rising disposable incomes and a booming e-commerce sector, the region is set to accumulate lucrative gains through 2032.

Some of the industry players include names such as ITEN, Enfucell Flexible Electronics LTD Jenax Inc., STMicroelectronics, Ion Storage Systems, and, Imprint Energy, among others.