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Thin Film Battery Market Size

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

Thin Film Battery Market Size

Thin Film Battery Market size exceeded USD 217 million in 2022 and is projected to expand at more than 40% CAGR from 2023 to 2032, driven by the surging spending on consumer electronics. 

 

Thin film batteries combine the benefits of solid-state batteries and thin-film manufacturing process to offer high power density, longer battery life, low self-discharge rate, and higher safety than their traditional Li-ion counterparts. These properties makes thin film batteries highly suitable for consumer electronics, which often need to boast of long battery life to attract customers. With rising disposable incomes, more consumers are spending on electronics for education, work, and other purposes, proliferating the demand for thin film batteries.

 

Thin Film Battery Market

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Meanwhile, the market is also expected to draw growth from public investments in the electronics sector. Many government agencies across the globe are rolling out favorable policies and investment schemes for their electronics sector, to use the industry as a crutch to recover from the COVID-19 economic slump. As per India’s Press Information Bureau, production of electronics in the country for 2021-2022 was valued at USD 80 billion.

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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