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Thin Film Battery Market Share

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

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 200 million in 2022 and is slated to grow at over 40% CAGR from 2023 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.

Thin Film Battery Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 274
  • Countries covered: 18
  • Pages: 150
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