Thin film batteries and printed batteries are flexible, compact, thin, and lightweight, as well as have a unique manufacturing process. These batteries are intrinsically safer than conventional batteries as they are manufactured using solid-state materials. In thin film and printed batteries, cathodes, anodes, separators, and current collectors are thin and flexible in nature. Combining thin film and printed batteries with flexible circuits result in the development of new and flexible devices. Besides, these batteries can be cut, rolled, and customized into different sizes and shapes to be incorporated into products of any shape without any loss of efficiency. The global thin film batteries and printed battery market size is projected to grow from USD 98 million in 2020 to USD 296 million by 2025 at CAGR of 24.7% during the forecast period.
Samsung SDI Co., Ltd. (South Korea), Enfucell Oy Ltd. (Finland), Ultralife Corporation (US), Blue Spark Technologies (US), BrightVolt, Inc. (US), Apple Inc. (US), LG Chem Ltd. (South Korea), Fullriver Battery New Technology Co., Ltd. (China), and Panasonic Corporation (Japan). are some of the major players in thin film and printed battery market.
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Samsung SDI has emerged as a key player for thin film batteries. The company seeks to expand its market presence and create a progressive future through technological developments. Samsung SDI has launched two innovative series of small-sized lithium-ion batteries—band batteries and strip batteries—for use in wearable devices. These batteries bend like fiber. The band batteries are designed to add as much as 50% to the original battery life of devices. The strip batteries are designed with a depth of 0.3 mm and can be used in wearable devices such as smart necklaces and interactive clothing designs. Samsung SDI has operations in countries such as South Korea, Malaysia, China, Mexico, Vietnam, Austria, Russia, the US, India, Taiwan, and Japan.
Enfucell Oy Ltd.
Enfucell Oy Ltd. is a major player in the thin film and printed market. The comapnay was founded in 2002 and is headquartered in Vantaa, Finland. It manufactures and supplies printed electronic products. The company offers SoftBattery and SoftBattery Plus printed batteries that use zinc, manganese dioxide, and zinc chloride as an electrolyte. These printable, thin, flexible, and eco-friendly batteries are used as a power source in various IoT-enabled devices, wearable electronics,and others. The company’s revenue has grown consistently from 2017 to 2019. The company has leveraged R&D investments in developing thin film and printed batteries. This has helped the company strengthen its market position in high growth nice opportunities.
Ultralife Corporation was founded in 1990 and is headquartered in New York, US. The company manufactures, designs, installs, and maintains portable power solutions and communications systems. It operates through two segments—Battery & Energy Products and Communications Systems. The company offers a wide range of battery products, military communication systems, and electronic accessories. The company offers non-rechargeable ultra-thin cells under the brand name, Thin Cell. These batteries are lithium-manganese dioxide-based and are used in smart security cards, asset tracking tags, bank theft tracking systems, electronics record tracking systems, medical devices, RFID tags, and toll pass tags. These batteries meet the stringent requirements of UL 1642 and IEC 60086-4:2014 for safety, in addition to the UN testing for transportation. New product launches and acquisitions are a few of the major strategies adopted by the company to compete in the thin film and printed battery market. Ultralife Corporation is focusing on increasing the adoption of thin film batteries for wearable devices by enhancing its battery technology.
Thin Film and Printed Battery Market with COVID-19 Impact, by Type (Thin-film, Printed), Voltage, Capacity, Rechargeability (Primary Batteries, Secondary Batteries), Application (Smart Packaging, Medical Devices), and Geography - Global Forecast to 2025
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