Northbrook, IL -- (SBWire) -- 12/07/2017 --The thin film and printed battery market is mainly led by batteries having below 1.5 volts. The thin film and printed battery market is expected to be worth USD 1.25 billion by 2022, growing at a CAGR of 24.7% between 2016 and 2022.
Thin film and printed batteries have supported the growing requirement for miniaturized wearable and healthcare devices and are also implemented in many new applications. On the basis of chargeability, thin film and printed batteries are categorized into rechargeable and single-use batteries. A variety of materials are used to enhance the features and efficiency of the battery, including battery life and bio-compatibility.
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On the basis of voltage rating, thin film and printed batteries are categorized into below 1.5 V, between 1.5 V and 3 V, and above 3 V. The growth of this market is propelled by the increasing demand for wearable devices, increasing integration of printed battery solutions in smart textiles and high requirement of thin film and printed battery solutions in the healthcare industry.
STMicroelectronics N.V. (Netherlands), Samsung SDI Co., Ltd. (South Korea), Panasonic Corporation (Japan), Ultralife Corporation (U.S.) are some of the leading players in the thin film battery market. Blue Spark Technologies Ltd. (U.S.), Enfucell Oy Ltd. (Finland), Jenax Inc. (South Korea), Imprint Energy (U.S.), and Flexel LLC (U.S.) are some of the leading players in the printed battery market. New product launches and developments, expansions, contracts, agreements, acquisitions, and partnerships had been the key strategies followed by the major players to gain a competitive edge in the market.
STMicroelectronics N.V. (Netherlands) is engaged in the designing, developing, manufacturing, and marketing of a wide range of semiconductor integrated circuits and discrete devices. The company not only has a wide market presence but also has a diversified product portfolio. STMicroelectronics offers EnFilm thin film batteries which are rechargeable and of a thickness less than 0.25mm, which is ideal for powering the next-generation technology and Internet of Things (IoT).
Besides, the company invests a major proportion of its capital to develop new batteries that are profitable and satisfy the needs of its customers. In 2015, the company launched EnFilm thin film batteries designed for applications such as Internet of Things (IoT), sensors and networks, RFID tags, smart cards, energy storage for harvesting devices, and wearable devices.
Blues Spark Technologies (U.S.) designs, develops, and supplies thin, flexible, and eco-friendly printed battery technology solutions. The company also offers carbon-zinc batteries for applications such as smart cards, radio frequency (RF)-based sensors, and radio frequency identification (RFID) tags, interactive packaging, merchandising displays, consumer products, and novelty items. The company's products are used in food and beverages, pharmaceutical, chemical, healthcare industries, and medical diagnostics. Also, the company provides market-driven solutions for battery-assisted RFID, RF-linked sensors, and transdermal patches, smart cards, and interactive printed media. In January 2016, Blue Spark Technologies launched TempTraq, the first wearable Bluetooth thermometer in the market powered by their printed battery solution.
Other players involved in the development of thin film and printed batteries include Cymbet Corporation (U.S.), NEC Energy Solutions (U.S.), Ultralife Corporation (U.S.), Excellatron Solid State LLC (U.S.), and ProtoFlex Corporation (U.S.), among others.
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Thin Film and Printed Battery Market Is Expected to Grow at a CAGR of 24.7% Between 2016 and 2022
[153 Pages Report] Thin Film and Printed Battery Market by Voltage Rating (Below 1.5 V, 1.5 V to 3 V, Above 3 V), Chargeability (Rechargeable, Single Use), Application (Packaging, Smart Card, Wearable Device, Consumer Electronic, Medical Device) by Geography.