Thin Film Batteries Market Analysis

Battery Type (Disposable, Rechargeable)

The rechargeable segment in the thin film batteries market is estimated to gain a robust revenue share of 60% in the coming years owing to the growing demand for rechargeable batteries in medical devices. The current trend towards device miniaturization favors rechargeable batteries since they are smaller than primary alternatives and have a longer lifespan than lithium batteries, which is particularly helpful for medical applications. These batteries can be easily integrated into wearable medical devices, and implantable devices to enhance their usability and functionality.

Application (Medical, Wearable Devices, Consumer Electronics, Smart Cards)

Thin film batteries market from the consumer electronics segment is set to garner a notable share shortly. Consumer electronic devices such as TVs, laptops, set-top boxes, wearables, monitors, and others are used by consumers for daily purposes. Hence, a huge demand for consumer electronics can be observed across the world which triggers the higher utilization of thin-film batteries. For instance, globally the number of connected wearable devices was projected to hit approximately 1000 million in 2022 which was an increase from around 500 million in 2018 and 300 million in 2016. Hence, owing to the remarkable utilization of consumer electronics, the segment is set to grow exponentially over the forecast period.

Consumer electronic devices such as TVs, laptops, set-top boxes, wearables, monitors, printers, scanners, and others are used by consumers for daily purposes. Hence, a huge demand for consumer electronics can be observed across the world which triggers the higher utilization of thin-film batteries. Hence, owing to the remarkable utilization of consumer electronics, the segment is set to grow exponentially over the forecast period.

Our in-depth analysis of the global market includes the following segments: