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Thin Film and Printed Battery Market Anticipated to Reach USD 535.23 Million by 2028
According to our latest report, the Thin Film and Printed Battery Market is expected to reach USD 535.23 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 23.8% between 2022 and 2028. The growth in this market is due to increasing its usage in the ongoing miniaturization of electronic devices, flexible printed batteries in IoT applications,s and application of these batteries in medical devices.
Key Findings:
Some of the major players in the Thin Film and Printed Battery Market include - Enfucell Oy Ltd. (Finland), Samsung (South Korea), Ultralife Corporation (US), LG Chem Ltd. (South Korea), and Blue Spark Technologies (US).
The demand for new and innovative electric devices is increasing globally due to which the requirement for batteries that are compatible with such new and innovative products is high. Additionally, investments are underway for making thin-film and printed batteries technologically advanced coupled with growth in the consumer electronics industry in emerging economies is anticipated to grow the Thin Film and Printed Battery Market globally. The demand for smart cards in the banking, telecommunication and transportation sectors is high.
North America is projected to hold a considerable market share in 2021. The growth in this region is driven by the high adoption of smart packaging and smart cards. These applications require thin and flexible power sources for operations. The players such as BrightVolt, Ultralife Corporation, and Blue Spark Technologies are contributing to the regional market growth.
Thin Film and Printed Battery Market Anticipated to Reach USD 535.23 Million by 2028
21 Jan 2022
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Historical Data | Base Year
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Thin Film and Printed Battery Market Anticipated to Reach USD 535.23 Million by 2028
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