HOME Research Insight Samsung SDI Co., Ltd. (South Korea), STMicroelectronics N.V. (Netherlands), LG Chem Ltd.(South Korea), Blue Spark Technologies Ltd. (U.S.), and Enfucell Oy Ltd. (Finland) are Some of the Leading Players in the Flexible Battery Market.



Samsung SDI Co., Ltd. (South Korea), STMicroelectronics N.V. (Netherlands), LG Chem Ltd.(South Korea), Blue Spark Technologies Ltd. (U.S.), and Enfucell Oy Ltd. (Finland) are Some of the Leading Players in the Flexible Battery Market.


The flexible battery has advantages such as flexibility, stability of temperature, safety, and long shelf life. These batteries have supported the growth of miniaturization in wearable and healthcare devices and are also implemented in many new applications. On the basis of chargeability, flexible batteries are categorized into rechargeable and single use. A variety of materials are used to enhance the features and efficiency of the flexible battery, including battery life. Moreover, the manufacturers of flexible battery are constantly focusing on improving the productivity and cycle time of recharging. The flexible battery market is mainly led by thin-film battery and printed battery. The flexible battery market is expected to be worth USD 958.4 Million by 2022, at a CAGR of 46.6% between 2016 and 2022. The growth of this market is propelled by the growing demand for wearable electronics and the increasing miniaturization of electronic devices.

Samsung SDI Co., Ltd. (South Korea), STMicroelectronics N.V. (Netherlands), LG Chem Ltd.(South Korea), Blue Spark Technologies Ltd. (U.S.), and Enfucell Oy Ltd. (Finland) are some of the leading players in the flexible battery market. New product launches and developments, expansions, contracts, agreements, acquisitions, and partnerships were the key strategies followed by the major players to gain a competitive edge in the market.

Samsung SDI Co., Ltd. (South Korea) is engaged in the manufacturing and selling of batteries worldwide. Samsung SDI offers both flexible batteries and curved batteries for wearable devices and electronics devices. The curved battery is mainly designed to power smart watches and bands, whereas the latest flexible battery can be rolled and bent, without affecting its functionality. The company carries out intensive R&D activities to improve the performance of existing materials and develop new and innovative materials and efficiency of secondary cells. The introduction of these batteries enabled the company to attract new customers and expand its customer base. In 2015, the company launched a rollable and bendable band battery for wearable devices to expand its battery product portfolio.

STMicroelectronics N.V. (Netherlands) is engaged in the designing, developing, manufacturing, and marketing of a wide range of semiconductor integrated circuits and discrete devices. The company not only has a wide market presence but also has a diversified product portfolio.  STMicroelectronics offers EnFilm paper-thin batteries which are rechargeable and of a thickness less than 0.25mm, which is ideal for powering the next-generation technology and Internet of Things (IoT). EnFilm is designed for wireless sensors, RFID tags, smart cards, wearable technologies, non-implantable medical monitors, and energy-harvesting devices. Besides, the company invests a major proportion of its capital to develop new batteries that are profitable and satisfy the needs of its customers. In 2015, the company launched EnFilm thin-film batteries designed for applications such as Internet of Things (IoT), sensors and networks, RFID tags, smart cards, energy storage for harvesting devices, and wearable devices.

Other players involved in the development of flexible batteries include LG Chem Ltd.(South Korea) Rocket Electric Co. ltd (South Korea), Blue Spark Technologies Ltd. (U.S.), Enfucell Oy Ltd. (Finland), Fullriver Battery New Technology Co., Ltd. (China), Paper Battery Co. Inc. (U.S.), BrightVolt, Inc. (U.S.), Ultralife Corporation (U.S.) , Panasonic Corporation (Japan), and NEC Energy Solutions (U.S.), among others.

Related Reports:

Flexible Battery Market by Type (Thin-Film (Lithium-Ion, Lithium Polymer), Printed, Curved), Chargeability (Rechargeable, Single-Use), Application (Packaging, Smart Card, Wearable Devices, Consumer Electronics, Medical Devices) - Global Forecast to 2022

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