The North America Flexible, Printed And Thin Film Battery Market is expected to witness market growth of 25.8% CAGR during the forecast period (2024-2031).
The US market dominated the North America Flexible, Printed And Thin Film Battery Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $191.6 million by 2031. The Canada market is experiencing a CAGR of 28.3% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 27.5% during 2024-2031.
The flexible, printed, and thin film battery market represents a dynamic and rapidly evolving energy storage industry segment, driven by the demand for lightweight, adaptable, and efficient power sources in an increasingly connected and miniaturized world. Unlike traditional rigid batteries, such as lithium-ion cells commonly found in smartphones or electric vehicles, flexible, printed, and thin film batteries offer unique form factors - thinness, flexibility, and even stretchability - enabling their integration into various innovative devices and systems.
These batteries are typically manufactured using advanced techniques, such as printing technologies or thin film deposition, allowing for cost-effective production and customization to meet specific application needs. The market is gaining significant traction, fuelled by technological advancements, rising consumer expectations for portable and wearable electronics, and the push toward sustainable energy solutions.
In 2021, Canada’s computer and electronics manufacturing revenues reached $15.5 billion, an 8.1% increase from 2020 (Government of Canada). The total industry revenue also grew to $17.9 billion, reflecting the expansion of consumer electronics, industrial IoT, and medical device manufacturing. This growth is increasing demand for flexible and thin-film batteries, which offer compact, lightweight, and efficient power solutions for smart devices, electronic wearables, and wireless sensors. Additionally, the rise of Canada’s medical electronics sector, including implantable and wearable health monitoring devices, further boosts the need for biocompatible and flexible battery technologies. The USA’s strong technology and industrial ecosystem is another major market driver. The USA is a global leader in smartphones, tablets, and wearable technology, driving demand for thin, flexible battery solutions. The push for EVs, smart dashboards, and in-car IoT systems fuels the demand for compact, energy-efficient printed battery technologies. In conclusion, the market is experiencing strong growth in North America, with Canada’s expanding electronics manufacturing industry and the USA’s technological advancements fuelling demand.
The US market dominated the North America Flexible, Printed And Thin Film Battery Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $191.6 million by 2031. The Canada market is experiencing a CAGR of 28.3% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 27.5% during 2024-2031.
The flexible, printed, and thin film battery market represents a dynamic and rapidly evolving energy storage industry segment, driven by the demand for lightweight, adaptable, and efficient power sources in an increasingly connected and miniaturized world. Unlike traditional rigid batteries, such as lithium-ion cells commonly found in smartphones or electric vehicles, flexible, printed, and thin film batteries offer unique form factors - thinness, flexibility, and even stretchability - enabling their integration into various innovative devices and systems.
These batteries are typically manufactured using advanced techniques, such as printing technologies or thin film deposition, allowing for cost-effective production and customization to meet specific application needs. The market is gaining significant traction, fuelled by technological advancements, rising consumer expectations for portable and wearable electronics, and the push toward sustainable energy solutions.
In 2021, Canada’s computer and electronics manufacturing revenues reached $15.5 billion, an 8.1% increase from 2020 (Government of Canada). The total industry revenue also grew to $17.9 billion, reflecting the expansion of consumer electronics, industrial IoT, and medical device manufacturing. This growth is increasing demand for flexible and thin-film batteries, which offer compact, lightweight, and efficient power solutions for smart devices, electronic wearables, and wireless sensors. Additionally, the rise of Canada’s medical electronics sector, including implantable and wearable health monitoring devices, further boosts the need for biocompatible and flexible battery technologies. The USA’s strong technology and industrial ecosystem is another major market driver. The USA is a global leader in smartphones, tablets, and wearable technology, driving demand for thin, flexible battery solutions. The push for EVs, smart dashboards, and in-car IoT systems fuels the demand for compact, energy-efficient printed battery technologies. In conclusion, the market is experiencing strong growth in North America, with Canada’s expanding electronics manufacturing industry and the USA’s technological advancements fuelling demand.
List of Key Companies Profiled
- Blue Spark Technologies, Inc.
- Enfucell Oy
- STMicroelectronics N.V.
- Panasonic Holdings Corporation
- LG Electronics, Inc. (LG Corporation)
- Molex, LLC (Koch Industries, Inc.)
- NEC Corporation
- Samsung SDI
- Cymbet Corporation
- Robert Bosch GmbH
Market Report Segmentation
By Type
- Rechargeable
- Disposable
By Application
- Wearables
- Medical
- Consumer Electronics
- Smart Cards
- Other Application
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Flexible, Printed And Thin Film Battery Market by Type
Chapter 6. North America Flexible, Printed And Thin Film Battery Market by Application
Chapter 7. North America Flexible, Printed And Thin Film Battery Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Blue Spark Technologies, Inc.
- Enfucell Oy
- STMicroelectronics N.V.
- Panasonic Holdings Corporation
- LG Electronics, Inc. (LG Corporation)
- Molex, LLC (Koch Industries, Inc.)
- NEC Corporation
- Samsung SDI
- Cymbet Corporation
- Robert Bosch GmbH
Methodology
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