The Thin Film and Printed Battery Market Size is anticipated to increase from USD 98 million in 2020 to USD 296 million by 2025, growing at a CAGR of 24.7% over that time. The key drivers of this market's expansion are the rising demand for thin film and printed batteries for wearable electronics, the ongoing miniaturisation of electronic components, the explosive growth of printed flexible batteries in Internet of Things (IoT) applications, and the expanding use of printed flexible batteries in medical devices to treat COVID-19 patients.

The market for thin film and printed batteries in 2020 was dominated by secondary batteries.

In 2020, the market segment for secondary batteries accounted for the greatest share. Applications requiring secondary batteries with a long lifespan include consumer electronics, wearable technology, medical equipment, and wireless sensor systems. Most thin film and printed batteries, including curved batteries and thin-film batteries, are secondary batteries that can be used in wearables and mobile devices. With the development of technologies for both medical and wearable devices, manufacturers are constantly working to create cutting-edge designs that work for their products. As a result, there is a growing need for rechargeable batteries that are long-lasting, bendable, lightweight, thin, and flexible.

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In 2020, the market for thin film and printed batteries is anticipated to be the largest for the application of smart packaging.

During the anticipated period, the market for thin film and printed batteries is anticipated to be dominated by smart packaging. Batteries made of thin film and printed materials are light, flexible, and thin. They are lightweight, roll up easily, and are simple to get rid of. Therefore, instead of traditional batteries, which are heavy and rigid, smart packaging producers prefer thin film and printed batteries. During the projected period, the market for smart packaging is anticipated to develop as a result of smart packaging manufacturers adopting micro-batteries more frequently. Due to decreased production of the goods that employ these batteries, the COVID-19 epidemic has caused a drop in the growth rate of the thin film and printed battery market.

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From 2020 to 2025, North America is anticipated to be the region with the greatest solid-state real estate market.

In 2019, the market for thin film and printed batteries was dominated by North America. In North America, the main application areas for thin film and printed batteries include smart packaging, wearable technology, and smart cards. For these applications to function, thin and adaptable power sources are needed. The North American thin film and printed battery business is expanding as a result of companies like Blue Spark Technologies (US), BrightVolt (US), and Ultralife Corporation (US) having their headquarters there. Thin film and printed battery production and supply chains have been impacted by the COVID-19 pandemic outbreak. It has had a negative impact on the investments made by a number of enterprises in the area to produce thin film and printed batteries. However, thin film and printed batteries are being utilised more frequently in medical applications to continuously record the body temperature of infected as well as suspicions of COVID-19. As a result, there is now a sizable market for thin film and printed batteries.

Key Players

Apple Inc. (US), Blue Spark Technologies (US), BrightVolt, Inc. (US), Samsung SDI Co., Ltd. (South Korea), Enfucell Oy Ltd. (Finland), Ultralife Corporation (US), LG Chem Ltd. (South Korea), Full river Battery New Technology Co., Ltd. (China), and Panasonic Corporation (Japan). a few of the market's leading players for thin-film and printed batteries.

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