The global thin-film battery market size reached US$ 710.2 Million in 2023. Looking forward, the publisher expects the market to reach US$ 4,267.8 Million by 2032, exhibiting a growth rate (CAGR) of 22.0% during 2023-2032. The market is experiencing steady growth driven by the rising demand for smartwatches, fitness trackers, and other wearable devices, the increasing shift towards renewable energy sources, and growing adoption of the Internet of Things (IoT) across the globe.
Major Market Drivers: Key drivers include the growing adoption of thin-film batteries in various industries due to their unique advantages in terms of energy density, durability, and resistance to extreme conditions.
Technological Advancements: Technological advancements, such as the development of high-nickel cathode materials and innovative manufacturing processes, contribute to the market's growth and efficiency.
Industry Applications: Thin-film batteries find extensive applications in diverse industries, ranging from consumer electronics and healthcare to aerospace and industrial automation.
Key Market Trends: Key trends include the integration of thin-film batteries in smart wearables, rising demand for sustainable energy solutions, and advancements in different battery technologies.
Geographical Trends: Geographical trends highlight regional variations in the adoption of thin-film batteries, with regions like North America and Asia Pacific leading the market.
Competitive Landscape: The competitive landscape is characterized by key players contributing to the market's innovation and development.
Challenges and Opportunities: Challenges encompass issues related to manufacturing costs and technological complexities, while opportunities arise from the increasing demand for energy-efficient solutions and emerging applications.
Future Outlook: The future of the market appears promising, with sustained growth anticipated as technological advancements continue, and industries increasingly rely on compact and efficient power sources.
The market is witnessing a significant boost in demand for compact and lightweight power sources across diverse applications. Thin-film lithium batteries, characterized by exceptional energy density and flexibility, are well-suited to meet this demand. They are extensively utilized in wearable electronics, IoT devices, and medical implants, owing to their slim profile and reliability. Moreover, the growing emphasis on environmental sustainability propels the adoption of thin-film lithium batteries, given their ability to be manufactured with fewer environmentally harmful materials compared to traditional batteries. The rapid expansion of IoT and sensor technologies serves as another crucial driver, as these applications necessitate long-lasting and reliable power sources, making thin-film lithium batteries an ideal choice.
On the other hand, the Thin-film lithium polymer category signifies the utilization of lithium polymer technology in thin-film batteries, offering advantages such as flexibility, lightweight design, and high energy density. This technology is commonly applied in various electronic devices, including wearable gadgets and portable electronics.
Also, the zinc-based thin-film category represents batteries incorporating zinc-based technology, known for its stability and reliability. Zinc-based thin-film batteries are often employed in applications where consistent and robust performance is essential, such as medical devices and industrial equipment. This segmentation highlights the diverse technological approaches within the thin-film battery industry, catering to specific needs and preferences across various applications.
The rising demand for sustainable and eco-friendly energy solutions is driving the adoption of rechargeable thin-film batteries. With the ability to be recharged and reused multiple times, these batteries contribute to a more environmentally conscious approach to energy storage, aligning with global sustainability goals and the growing focus on reducing the carbon footprint. Additionally, the proliferation of portable electronic devices, spanning smartphones to wireless headphones, underscores the necessity for rechargeable thin-film batteries. Consumers seek extended battery life and the convenience of recharging, making these batteries a natural choice for manufacturers aiming to meet these expectations. Moreover, the rise in renewable energy technologies, including solar panels and wind turbines, amplifies the demand for rechargeable thin-film batteries for effective energy storage.
The segmentation based on battery type includes a distinctive category labeled “Disposable.” This segment comprises thin-film batteries designed for one-time use, emphasizing their single-use nature. Disposable thin-film batteries find application in scenarios where the convenience of a lightweight, portable power source for short-term operations is crucial. Common applications within this category include certain medical devices, novelty electronics, and various consumer products. The disposable segment highlights the importance of cost-effectiveness and simplicity in powering devices for limited durations, meeting the demand for convenient and easily replaceable energy sources in specific applications.
The below 1.5V segment encompasses thin-film batteries that operate at voltages below 1.5V, catering to the power requirements of electronic devices with lower voltage specifications. Devices such as remote controls, wireless sensors, and smart cards often fall within this category, making this voltage range a significant focus for applications where compact and efficient power sources are paramount. The below 1.5V segment reflects the diverse landscape of consumer electronics and emphasizes the importance of tailored power solutions for devices operating within this voltage range.
On the other hand, thin-film batteries with voltage ranging from 1.5V to 3V play a vital role in fulfilling the power requirements of diverse electronic devices and applications. This type of battery is particularly sought after in consumer electronics, where the demand for compact and efficient power sources is critical. Devices like remote controls, wireless sensors, and smart cards often operate within this voltage range, making 1.5V to 3V thin-film batteries the preferred choice. Furthermore, the growth of the Internet of Things (IoT) and wearable technology is increasing the demand for these voltage levels, as they power sensors and communication modules in these devices.
Moreover, thin-film batteries with voltages exceeding 3V are essential in addressing the changing requirements of high-performance and specialized applications within the industry. One of the key factors driving this demand is the increasing need for elevated voltage levels in diverse electronic devices and systems. Thin-film batteries with voltages above 3V deliver the requisite power output for applications like smart cards with embedded displays, which demand higher voltage for efficient operation. Furthermore, these batteries play a crucial role in powering advanced sensors, medical implants, and specific industrial equipment where higher voltage levels are essential to ensure reliable and consistent performance.
The increasing need for prolonged battery life in smart wearables stands out as a key catalyst for this segment. Consumers now anticipate their devices to operate for extended periods, ranging from days to weeks, without frequent recharging. Thin-film batteries, characterized by high energy density and a compact form factor, enable manufacturers to meet these expectations, providing users with a seamless experience. Moreover, the healthcare and fitness sectors are increasingly adopting smart wearables for health monitoring and disease management, aligning with the global emphasis on personal wellness and preventive healthcare. Thin-film batteries play a crucial role in powering the sensors and data processing components within these wearables, facilitating continuous collection and analysis of vital health information.
On the other hand, smart cards and RFID encompasses thin-film batteries tailored for applications like contactless smart cards and radio-frequency identification (RFID) devices. These batteries are designed to provide reliable and compact power solutions for secure access, identification, and data tracking systems. Smart cards, commonly used in payment and access control, as well as RFID devices utilized in inventory management and logistics, benefit from the seamless integration of thin-film batteries, ensuring prolonged and efficient operation.
Also, medical applications focus on thin-film batteries specifically crafted to meet the energy needs of various medical devices. These batteries play a critical role in powering implantable medical devices, such as pacemakers and neurostimulators, ensuring continuous and reliable performance. Additionally, portable medical devices, ranging from glucose monitors to infusion pumps, benefit from the compact and lightweight nature of thin-film batteries, contributing to the advancement of portable healthcare solutions.
Moreover, wireless sensor network systems form a pivotal segment, highlighting the role of thin-film batteries in powering networks of interconnected sensors. These batteries are instrumental in applications such as environmental monitoring, industrial automation, and smart infrastructure. Thin-film batteries enable extended operational life for wireless sensor nodes, ensuring sustained data collection and transmission. Their compact design and high energy density make them well-suited for deployment in challenging and remote environments where reliable and long-lasting power sources are essential.
Furthermore, the portable electronics category centers on thin-film batteries tailored to meet the power requirements of various handheld and portable electronic devices. These batteries find applications in smartphones, wireless headphones, and other gadgets where compact size and lightweight design are paramount. Thin-film batteries contribute to the consumer demand for longer battery life in portable electronics, offering a balance between power efficiency and device size. The versatility of thin-film batteries makes them integral components in the improvement of portable electronic technologies, supporting the continued innovation and development of user-friendly, on-the-go devices.
North America stands as a dominant region in the market, commanding the largest share. The region's technological prowess and early adoption of cutting-edge electronic devices propel its dominance. With a mature market ecosystem and the presence of industry leaders, North America continues to drive innovation and set industry standards. The demand for energy-efficient solutions in consumer electronics and various applications contributes to the region's sustained leadership.
Asia Pacific is a dynamic player in the market, fueled by rapid industrialization and a burgeoning consumer electronics landscape. The region's economic powerhouses, including China, Japan, and South Korea, contribute significantly to the adoption of thin-film battery technologies. The increasing emphasis on sustainable energy solutions aligns with Asia Pacific's robust growth in the market. As a manufacturing hub for electronic devices, the region experiences a rising demand for compact and efficient power sources, further propelling the market's expansion.
Europe asserts its presence in the market with a notable share, driven by a strong commitment to sustainability and technological advancements. The region's focus on clean energy aligns with the eco-friendly attributes of thin-film batteries, contributing to their adoption. Robust research and development activities, coupled with a growing awareness of energy-efficient solutions, position Europe as a key market player. The continent's diverse industrial landscape and consumer preferences further support the integration of thin-film batteries across various applications.
The Middle East and Africa contribute to the global market, showcasing the changing landscape and emerging applications. While the market is not as mature as in some other regions, the growing interest in advanced technologies and the increasing adoption of electronic devices drive the demand for thin-film batteries. The region's focus on renewable energy sources and technological development underscores the potential for thin-film battery integration in various sectors, providing a foundation for further market expansion.
Latin America plays a significant role in the market, exhibiting a growing market presence. The region's expanding consumer electronics market and the adoption of advanced technologies contribute to the increased demand for efficient power sources. As Latin America embraces technological innovations, thin-film batteries find applications in diverse sectors, contributing to the region's market share. The push for sustainability and energy efficiency aligns with the attributes of thin-film batteries, fostering their adoption in various applications across Latin America's developing industrial landscape.
April 2023: Ilika PLC declared the successful delivery of its inaugural batch of Stereax batteries to Blink Energy, its client. Originating from its UK production facility, the initial shipment comprises single-layer Stereax M50 cells, which can function independently and also serve as the foundational components for Ilika's M300 batteries.
October 2021: BrightVolt has revealed the successful acquisition of the initial investment in a Series B fundraising round totaling $16 million. This round includes contributions from investors such as New Science Ventures and Caterpillar Venture Capital Inc. The secured funds will be directed towards the development of larger form factor products, targeting the industrial electrification and e-mobility segments.
2. What is the expected growth rate of the global thin-film battery market during 2024-2032?
3. What has been the impact of COVID-19 on the global thin-film battery market?
4. What are the key factors driving the global thin-film battery market?
5. What is the breakup of the global thin-film battery market based on the technology?
6. What is the breakup of the global thin-film battery market based on the battery type?
7. What is the breakup of the global thin-film battery market based on the voltage type?
8. What is the breakup of the global thin-film battery market based on the application?
9. What are the key regions in the global thin-film battery market?
10. Who are the key players/companies in the global thin-film battery market?
Thin-Film Battery Market Analysis:
Market Growth and Size: The global market is experiencing robust growth, driven by factors such as increasing demand for compact and efficient power sources across diverse applications.Major Market Drivers: Key drivers include the growing adoption of thin-film batteries in various industries due to their unique advantages in terms of energy density, durability, and resistance to extreme conditions.
Technological Advancements: Technological advancements, such as the development of high-nickel cathode materials and innovative manufacturing processes, contribute to the market's growth and efficiency.
Industry Applications: Thin-film batteries find extensive applications in diverse industries, ranging from consumer electronics and healthcare to aerospace and industrial automation.
Key Market Trends: Key trends include the integration of thin-film batteries in smart wearables, rising demand for sustainable energy solutions, and advancements in different battery technologies.
Geographical Trends: Geographical trends highlight regional variations in the adoption of thin-film batteries, with regions like North America and Asia Pacific leading the market.
Competitive Landscape: The competitive landscape is characterized by key players contributing to the market's innovation and development.
Challenges and Opportunities: Challenges encompass issues related to manufacturing costs and technological complexities, while opportunities arise from the increasing demand for energy-efficient solutions and emerging applications.
Future Outlook: The future of the market appears promising, with sustained growth anticipated as technological advancements continue, and industries increasingly rely on compact and efficient power sources.
Thin-Film Battery Market Trends:
Increasing aerospace and defense applications
The aerospace and defense industries have recognized thin-film batteries as a crucial element for diverse applications. These batteries offer distinct advantages in terms of energy density, durability, and resilience to harsh conditions. In aerospace, they find use in unmanned aerial vehicles (UAVs), satellites, and space probes, addressing the need for reliable and lightweight power sources. This plays a substantial role in bolstering the market. In defense applications, thin-film batteries power various devices, from remote sensors to advanced communication systems. The changing landscape of modern warfare and exploration, encompassing autonomous drones, soldier-wearable tech, and extended space missions, continues to propel the adoption of thin-film batteries. Their ability to furnish a reliable energy source in demanding environments establishes their indispensability in these sectors, making a significant contribution to industry growth.Rapid medical device innovations
The healthcare sector is experiencing notable advancements in medical device innovations, spanning from implantable sensors to drug delivery systems. Many of these devices necessitate compact, compatible, and safe power sources for prolonged use within the human body. Thin-film batteries prove highly suitable, offering design flexibility for bioresorbability and low toxicity. They find application in cardiac monitoring implants, drug pumps, and neurostimulation devices. With an aging population and rising chronic diseases, there's an increasing demand for advanced medical devices, propelling the growth of the industry. Ongoing research and development are anticipated to yield even more sophisticated medical devices relying on thin-film batteries, acting as a pivotal driver for industry expansion.Advancements in IoT and sensor technologies
The Internet of Things (IoT) has transformed numerous industries, necessitating compact, efficient, and durable power sources. Thin-film batteries play a pivotal role in powering IoT devices and sensor networks, providing customization for varied application needs. Moreover, IoT devices are often deployed in remote or challenging locations, emphasizing the critical importance of reliable and long-lasting power supplies, an area where thin-film batteries excel by offering a dependable energy source with extended operational life. With IoT applications expanding into areas like smart cities and industrial automation, the demand for thin-film batteries is expected to further increase. This growth is driven by continuous innovation in sensor technologies and the ongoing need for sustainable power solutions in our interconnected world.Thin-Film Battery Industry Segmentation:
The publisher provides an analysis of the key trends in each segment of the market, along with forecasts at the global and regional levels for 2024-2032. The report has categorized the market based on technology, battery type, voltage type, and application.Breakup by Technology:
- Thin-Film Lithium
- Thin-Film Lithium Polymer
- Zinc-Based Thin-Film
- Others
Thin-film lithium account for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the technology. This includes thin-film lithium, thin-film lithium polymer, zinc-based thin-film, and others. According to the report, thin-film lithium represented the largest segment.The market is witnessing a significant boost in demand for compact and lightweight power sources across diverse applications. Thin-film lithium batteries, characterized by exceptional energy density and flexibility, are well-suited to meet this demand. They are extensively utilized in wearable electronics, IoT devices, and medical implants, owing to their slim profile and reliability. Moreover, the growing emphasis on environmental sustainability propels the adoption of thin-film lithium batteries, given their ability to be manufactured with fewer environmentally harmful materials compared to traditional batteries. The rapid expansion of IoT and sensor technologies serves as another crucial driver, as these applications necessitate long-lasting and reliable power sources, making thin-film lithium batteries an ideal choice.
On the other hand, the Thin-film lithium polymer category signifies the utilization of lithium polymer technology in thin-film batteries, offering advantages such as flexibility, lightweight design, and high energy density. This technology is commonly applied in various electronic devices, including wearable gadgets and portable electronics.
Also, the zinc-based thin-film category represents batteries incorporating zinc-based technology, known for its stability and reliability. Zinc-based thin-film batteries are often employed in applications where consistent and robust performance is essential, such as medical devices and industrial equipment. This segmentation highlights the diverse technological approaches within the thin-film battery industry, catering to specific needs and preferences across various applications.
Breakup by Battery Type:
- Rechargeable
- Disposable
Rechargeable holds the largest share of the industry
A detailed breakup and analysis of the market based on the battery type have also been provided in the report. This includes rechargeable and disposable. According to the report, rechargeable accounted for the largest market share.The rising demand for sustainable and eco-friendly energy solutions is driving the adoption of rechargeable thin-film batteries. With the ability to be recharged and reused multiple times, these batteries contribute to a more environmentally conscious approach to energy storage, aligning with global sustainability goals and the growing focus on reducing the carbon footprint. Additionally, the proliferation of portable electronic devices, spanning smartphones to wireless headphones, underscores the necessity for rechargeable thin-film batteries. Consumers seek extended battery life and the convenience of recharging, making these batteries a natural choice for manufacturers aiming to meet these expectations. Moreover, the rise in renewable energy technologies, including solar panels and wind turbines, amplifies the demand for rechargeable thin-film batteries for effective energy storage.
The segmentation based on battery type includes a distinctive category labeled “Disposable.” This segment comprises thin-film batteries designed for one-time use, emphasizing their single-use nature. Disposable thin-film batteries find application in scenarios where the convenience of a lightweight, portable power source for short-term operations is crucial. Common applications within this category include certain medical devices, novelty electronics, and various consumer products. The disposable segment highlights the importance of cost-effectiveness and simplicity in powering devices for limited durations, meeting the demand for convenient and easily replaceable energy sources in specific applications.
Breakup by Voltage Type:
- Below 1.5V
Above 3V
The report has provided a detailed breakup and analysis of the market based on the voltage type. This includes below 1.5V, 1.5V to 3V, and above 3V.The below 1.5V segment encompasses thin-film batteries that operate at voltages below 1.5V, catering to the power requirements of electronic devices with lower voltage specifications. Devices such as remote controls, wireless sensors, and smart cards often fall within this category, making this voltage range a significant focus for applications where compact and efficient power sources are paramount. The below 1.5V segment reflects the diverse landscape of consumer electronics and emphasizes the importance of tailored power solutions for devices operating within this voltage range.
On the other hand, thin-film batteries with voltage ranging from 1.5V to 3V play a vital role in fulfilling the power requirements of diverse electronic devices and applications. This type of battery is particularly sought after in consumer electronics, where the demand for compact and efficient power sources is critical. Devices like remote controls, wireless sensors, and smart cards often operate within this voltage range, making 1.5V to 3V thin-film batteries the preferred choice. Furthermore, the growth of the Internet of Things (IoT) and wearable technology is increasing the demand for these voltage levels, as they power sensors and communication modules in these devices.
Moreover, thin-film batteries with voltages exceeding 3V are essential in addressing the changing requirements of high-performance and specialized applications within the industry. One of the key factors driving this demand is the increasing need for elevated voltage levels in diverse electronic devices and systems. Thin-film batteries with voltages above 3V deliver the requisite power output for applications like smart cards with embedded displays, which demand higher voltage for efficient operation. Furthermore, these batteries play a crucial role in powering advanced sensors, medical implants, and specific industrial equipment where higher voltage levels are essential to ensure reliable and consistent performance.
Breakup by Application:
- Smart Cards and RFID
- Medical Applications
- Smart Wearables
- Wireless Sensor Network Systems
- Portable Electronics
- Others
Smart wearables represent the leading market segment
The report has provided a detailed breakup and analysis of the market based on the application. This includes smart cards and RFID, medical applications, smart wearables, wireless sensor network systems, and portable electronics. According to the report, smart wearables represented the largest segment.The increasing need for prolonged battery life in smart wearables stands out as a key catalyst for this segment. Consumers now anticipate their devices to operate for extended periods, ranging from days to weeks, without frequent recharging. Thin-film batteries, characterized by high energy density and a compact form factor, enable manufacturers to meet these expectations, providing users with a seamless experience. Moreover, the healthcare and fitness sectors are increasingly adopting smart wearables for health monitoring and disease management, aligning with the global emphasis on personal wellness and preventive healthcare. Thin-film batteries play a crucial role in powering the sensors and data processing components within these wearables, facilitating continuous collection and analysis of vital health information.
On the other hand, smart cards and RFID encompasses thin-film batteries tailored for applications like contactless smart cards and radio-frequency identification (RFID) devices. These batteries are designed to provide reliable and compact power solutions for secure access, identification, and data tracking systems. Smart cards, commonly used in payment and access control, as well as RFID devices utilized in inventory management and logistics, benefit from the seamless integration of thin-film batteries, ensuring prolonged and efficient operation.
Also, medical applications focus on thin-film batteries specifically crafted to meet the energy needs of various medical devices. These batteries play a critical role in powering implantable medical devices, such as pacemakers and neurostimulators, ensuring continuous and reliable performance. Additionally, portable medical devices, ranging from glucose monitors to infusion pumps, benefit from the compact and lightweight nature of thin-film batteries, contributing to the advancement of portable healthcare solutions.
Moreover, wireless sensor network systems form a pivotal segment, highlighting the role of thin-film batteries in powering networks of interconnected sensors. These batteries are instrumental in applications such as environmental monitoring, industrial automation, and smart infrastructure. Thin-film batteries enable extended operational life for wireless sensor nodes, ensuring sustained data collection and transmission. Their compact design and high energy density make them well-suited for deployment in challenging and remote environments where reliable and long-lasting power sources are essential.
Furthermore, the portable electronics category centers on thin-film batteries tailored to meet the power requirements of various handheld and portable electronic devices. These batteries find applications in smartphones, wireless headphones, and other gadgets where compact size and lightweight design are paramount. Thin-film batteries contribute to the consumer demand for longer battery life in portable electronics, offering a balance between power efficiency and device size. The versatility of thin-film batteries makes them integral components in the improvement of portable electronic technologies, supporting the continued innovation and development of user-friendly, on-the-go devices.
- Breakup by Region:North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
North America leads the market, accounting for the largest thin-film battery market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. According to the report, North America accounted for the largest market share.North America stands as a dominant region in the market, commanding the largest share. The region's technological prowess and early adoption of cutting-edge electronic devices propel its dominance. With a mature market ecosystem and the presence of industry leaders, North America continues to drive innovation and set industry standards. The demand for energy-efficient solutions in consumer electronics and various applications contributes to the region's sustained leadership.
Asia Pacific is a dynamic player in the market, fueled by rapid industrialization and a burgeoning consumer electronics landscape. The region's economic powerhouses, including China, Japan, and South Korea, contribute significantly to the adoption of thin-film battery technologies. The increasing emphasis on sustainable energy solutions aligns with Asia Pacific's robust growth in the market. As a manufacturing hub for electronic devices, the region experiences a rising demand for compact and efficient power sources, further propelling the market's expansion.
Europe asserts its presence in the market with a notable share, driven by a strong commitment to sustainability and technological advancements. The region's focus on clean energy aligns with the eco-friendly attributes of thin-film batteries, contributing to their adoption. Robust research and development activities, coupled with a growing awareness of energy-efficient solutions, position Europe as a key market player. The continent's diverse industrial landscape and consumer preferences further support the integration of thin-film batteries across various applications.
The Middle East and Africa contribute to the global market, showcasing the changing landscape and emerging applications. While the market is not as mature as in some other regions, the growing interest in advanced technologies and the increasing adoption of electronic devices drive the demand for thin-film batteries. The region's focus on renewable energy sources and technological development underscores the potential for thin-film battery integration in various sectors, providing a foundation for further market expansion.
Latin America plays a significant role in the market, exhibiting a growing market presence. The region's expanding consumer electronics market and the adoption of advanced technologies contribute to the increased demand for efficient power sources. As Latin America embraces technological innovations, thin-film batteries find applications in diverse sectors, contributing to the region's market share. The push for sustainability and energy efficiency aligns with the attributes of thin-film batteries, fostering their adoption in various applications across Latin America's developing industrial landscape.
Leading Key Players in the Thin-Film Battery Industry:
The key players in the market are driving growth through strategic initiatives, innovation, and a focus on meeting changing consumer and industry demands. These companies, often at the forefront of technological advancements, invest significantly in research and development to enhance the efficiency, energy density, and sustainability of thin-film batteries. By introducing cutting-edge technologies and collaborating with diverse industries, key players expand the scope of applications for thin-film batteries, driving market growth. Furthermore, these players engage in partnerships, mergers, and acquisitions to strengthen their market position and broaden their product portfolios. They actively respond to emerging trends, such as the increasing demand for sustainable and eco-friendly energy solutions, by aligning their offerings with market needs. Additionally, the key players leverage their global presence and distribution networks to tap into diverse regional markets, ensuring a widespread adoption of thin-film battery technologies.The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
- Blue Spark Technologies
- BrightVolt
- Enfucell Oy
- STMicroelectronics N.V.
- Cymbet Corporation
- Imprint Energy
- Ilika PLC
- LG Chem, Ltd
- Paper Battery Company
- Jenax Inc
Latest News:
June 2023: LG Chem, Ltd commenced large-scale production of high-nickel cathode materials featuring a single crystal structure. According to the company, this innovation enhances the energy density and prolongs the lifespan of current batteries, positioning it as a significant advancement for the next generation of electric vehicle (EV) batteries.April 2023: Ilika PLC declared the successful delivery of its inaugural batch of Stereax batteries to Blink Energy, its client. Originating from its UK production facility, the initial shipment comprises single-layer Stereax M50 cells, which can function independently and also serve as the foundational components for Ilika's M300 batteries.
October 2021: BrightVolt has revealed the successful acquisition of the initial investment in a Series B fundraising round totaling $16 million. This round includes contributions from investors such as New Science Ventures and Caterpillar Venture Capital Inc. The secured funds will be directed towards the development of larger form factor products, targeting the industrial electrification and e-mobility segments.
Key Questions Answered in This Report
1. What was the size of the global thin-film battery market in 2023?2. What is the expected growth rate of the global thin-film battery market during 2024-2032?
3. What has been the impact of COVID-19 on the global thin-film battery market?
4. What are the key factors driving the global thin-film battery market?
5. What is the breakup of the global thin-film battery market based on the technology?
6. What is the breakup of the global thin-film battery market based on the battery type?
7. What is the breakup of the global thin-film battery market based on the voltage type?
8. What is the breakup of the global thin-film battery market based on the application?
9. What are the key regions in the global thin-film battery market?
10. Who are the key players/companies in the global thin-film battery market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Thin-Film Battery Market
6 Market Breakup by Technology
7 Market Breakup by Battery Type
8 Market Breakup by Voltage Type
9 Market Breakup by Application
10 Market Breakup by Region
11 Thin-Film Battery Manufacturing Process
12 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Blue Spark Technologies
- BrightVolt
- Enfucell Oy
- STMicroelectronics N.V.
- Cymbet Corporation
- Imprint Energy
- Ilika PLC
- LG Chem Ltd.
- Paper Battery Company
- Jenax Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 710.2 Million |
| Forecasted Market Value ( USD | $ 4267.8 Million |
| Compound Annual Growth Rate | 22.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
