Thin Film Battery Market Future Challenges and Industry Growth Outlook by 2024
The worldwide thin film battery market size is envisaged to account for USD 1.8 billion by the end of 2024. In addition to these, the deployment of these batteries across myriad applications including sensors, smart cards, medical, and novelty consumers would complement the industry outlook by 2024.
Massively driven by the burgeoning demand for light weight, compact, and portable products, the growth graph of global thin film battery market is anticipated to display a marked ascent during 2016-2024. The emergence IoT has also contributed to the rising application of industry in tablets and smartphones. The rising standard of living on the grounds of high economic affluence has led to the increased adoption of wearable devices such as watches, smart glasses, and fitness trackers. These changing trends are likely to favor the rising demand for thin film batteries over the forecast period.
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The industry is predominantly defined by a vast application gamut enabling it to gain widespread popularity on account of the same. It is imperative to note that amongst the many applications, the RFID segment held nearly 7 per cent of thin film battery industry share in 2015 and is poised to grow at a prodigious pace in the upcoming years.
Apart from the RFID segment, the medical device applications are foreseen to record a notable rise over the projected timeline as well. This growth can be attributed to the increasing disposable medical equipment demand globally.
Speaking in terms of the geographical aspects, Brazil stands tall in the regional hierarchy of the industry realm. It is prudent to know that the region procured over 35 per cent of the global business share in 2015. Further, Brazil is likely to depict appreciable growth in the span of seven years chiefly due to the humongous government spending on innovation and high quality equipment.
Europe, on the other hand, is also likely to emerge out as a lucrative ground for thin film battery market. Estimates claim that the region, aided by UK, recorded a revenue share of USD 12 million in 2015. The fundamental reason sufficing this growth is widespread adoption of smart cards. In addition to this, the deployment of automation in disposable healthcare devices would also impel the market statistics over 2016-2024.
The competitive landscape of the thin film battery market is inclusive of players such as Blue Spark Technologies, Excellatron, Imprint Energy, NEC Corporation, Prelonic, ST Microelectronics, Cymbet Corporation, Enfucell, Flexel, Jenax Inc
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Table Of Content
Chapter 3 Thin Film Battery Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, (USD Million), 2013-2024
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Innovation & sustainability
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Growing demand for portable and flexible electronic devices
3.6.1.2 Increasing adoption of smart cards and RFID
3.6.1.3 Strict government norms towards security
3.6.1.4 Longer cycle life
3.6.1.5 Low self-discharge rate
3.6.2 Industry pitfall and challenges
3.6.2.1 High initial cost
3.7 Regulatory landscape
3.7.1 Europe
3.7.1.1 Battery Directive
3.7.1.2 Secondary European Legislation on Batteries:
3.7.2 UK
3.7.3 Germany
3.7.4 U.S.
3.7.5 China
3.7.5.1 China RoHS Directive
3.7.5.2 Taiwan RoHS Restricted Substances
3.7.6 Japan
3.7.6.1 International Battery Standards and Testing
3.8 Growth potential analysis
3.9 Competitive landscape
3.9.1 Strategy dashboard
3.9.2 Competitive application analysis
3.10 Porter’s analysis
3.11 PESTLE analysis
3.12 Analyst 360 -degree industry perspective
Chapter 4 Thin Film Battery Market, By Product
4.1 market share by product, 2015 & 2024
4.2 Product
4.2.1 Global market estimates and forecast, 2013 – 2024
4.2.2 Global market estimates and forecast by region, 2013-2024
4.3 Chargeable
4.3.1 Global market estimates and forecast from chargeable, 2013 - 2024
4.3.2 Global market estimates and forecast from chargeable, by region, 2013-2024
4.4 Disposable
4.4.1 Global market estimates and forecast from disposable, 2013 - 2024
4.4.2 Global market estimates and forecast from disposable, by region, 2013-2024
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