Form factor is becoming a major driver shaping innovation and transforming the energy storage industry globally. This is fueled by the emergence of new market categories such as wearable electronic devices and Internet of Things, which demand thinness and flexibility. According to a new study, “Flexible, Printed and Thin Film Batteries 2015-2025: Technologies, Forecasts, Players“, these new market categories will help the market for thin and flexible batteries reach $300 million in 2024.
Thin, flexible or printed batteries have commercially existed for more than ten years. Traditionally, the micro-power thin and printed batteries were used in skin patches, RFID tags and smart cards. Today, however, the composition of the target market is undergoing drastic change driven by the emergence of new addressable market categories. This trend has enticed many large players to enter the foray, starting to transform a business landscape that was once populated predominantly by small firms.
The change in target markets is inevitably driving change in the technology landscape too. This means that the market in 2024 will look vastly different from that in 2014, both on the technology and market level. Technology and markets that are major contributes today will have a small role to play, while new segments and technology will grow to dominate this sector. This change is shown in the figures below.
This research report provides detailed technology assessment and benchmarking, ten-year market forecasts segmented by application and technology type, and detailed interview-based business intelligence and profiles on key players and large end users.
In this study IDTechEx research group has drawn upon at least 35 direct interviews and visits with key suppliers and large end users from a variety of sectors and years of accumulated experience and market knowledge for the end use applications such as active RFIDs, smart cards, skin patches, smart packaging and recently wearables. Our team working on this project is highly technical, enabling it to fully understand the merits and challenges of each technology in this complex landscape.
The Market for Thin, Flexible and Printed Batteries
Figure 1: Thin film, flexible or printed energy storage devices mix is drastically transforming
Source: Flexible, Printed and Thin Film Batteries 2015-2025: Technologies, Forecasts, Players
Figure 2: The market composition for thin film, flexible or printed technology storage devices is drastically transforming
Source: Flexible, Printed and Thin Film Batteries 2015-2025: Technologies, Forecasts, Players
The Market for Thin, Flexible and Printed Batteries Will Increase to Over $300M by 2024
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