This global market research by Technavio provides detailed segmentation of the thin-film battery market by application (WSNs, smart cards and RFID, medical applications, smart wearables, portable electronics, and others) and by technology (thin-film lithium polymer, thin-film lithium, zinc-based thin film, and others). Leading vendors analyzed in this market study are Blue Spark Technologies, FlexEl, ITN Energy Systems, Samsung SDI, and Solicore.
Technavio’s market research analysts estimate the global thin-film battery market to generate revenue worth US $668 million between 2015 and 2019. Thin-film batteries are in high demand due to their advantages like low discharge rate, high supply reliability, and limited cycle count. Thin-film batteries are similar to Li-ion batteries and possess characteristics like high energy-density ratio, which is best suited for energy storage. These batteries are more efficient than conventional batteries, and their augmented implementation in mobile devices is expected to result in market growth in the next four years.
The new market research report from Technavio provides a breakdown and analysis of the thin-film battery segments by technology.
“Smart cards and RFID segment is the largest end-user market for thin-film batteries. The size and specifications of these batteries make them an ideal choice for smart cards. Moreover, the introduction of active RFID tags is expected to spur the demand for thin-film batteries during the forecast period as they require an efficient internal power source for their operation,” says Navin Rajendra, Lead Analyst, Energy, Technavio Research.
The thin-film lithium battery is the fastest growing segment, and will occupy more than 50% of the overall market share by 2019. The increased adoption of such lithium batteries in neural stimulators and defibrillators, RFID tags, smart cards, and wireless sensors is a major driver of this market’s growth. Moreover, the ability of these batteries to store energy from solar cells or other harvesting applications is estimated to account for this segment’s high market share during the next four years.
The key vendors in the global thin-film battery market are Blue Spark Technologies, FlexEl, ITN Energy Systems, Samsung SDI, and Solicore. This market is expected to show strong growth during the forecast period and contains a limited number of vendors. The major players in this market provide high-tech, highly customized thin-film batteries for different end-user applications.
A more detailed analysis is available in the Technavio report, Global Thin-film Battery Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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