Thin Film Battery Market - Global Industry Analysis, Size, Share, Growth, Trends
Albany, NY -- (SBWIRE) -- 03/05/2018 -- In common parlance, thin film battery can be defined as any battery which is comparatively thinner as compared to other typical batteries. In thin film batteries, instead of liquid based Li-ion batteries, solid-state electrolyte is used. These electrolytes greatly improve the performance of a battery and its ability to function over a wide temperature range makes its appropriate for use for various applications.
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The various advantages associated with the use of thin film battery in electronics include lower cost potentially, smaller footprint, less weight and higher energy density. Moreover, thin film batteries have a flat shape and thus enabling the developers to have an option of fitting in a battery according to their plans.Thin film battery market is expected to grow as a result of various factors such as increasing application of thin film battery in smartphones and phablets coupled with its use in sensor networks. Internet of things in this regard has contributed a great deal for the growth of the market.
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The increasing demand for wearable devices like such as smart watches and health tracker among others has further propelled the demand for thin film batteries. These devices make use of small batteries as it enables the manufacturers to design them within a manageable size. This factor further enables the manufacturers to focus upon the product development. These kind of batteries can also fit in a vest or a shoe and thus enabling the functionality of wearable electronic.
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Moreover, the ability of thin film batteries to perform better as compared to other kind of batteries makes its adoption even more common. Furthermore, smart computing is another important factor contributing to the growth of the thin film battery as these devices require inexpensive, reliable and smaller batteries that also provide better battery backup. As a result of its reduced size, these batteries provide unique solutions a wide range of power source problems.