Report Id: SNS/SEMI/1324 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Flexible Battery Market was valued at USD 126 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 24.1% from 2021 to 2028 and it will reach USD 571 million in 2028. Electronic gadgets benefit from the flexibility and portability provided by flexible batteries. Flexible batteries are replacing traditional batteries because of their longevity, efficiency, and lower weight. Smart cards, flexible displays, wearable electronics, and novelty packaging all require flexible batteries. Flexible batteries have a number of advantages, including their environmental friendliness and ease of use.
A growing number of R&D activities to develop flexible batteries for wearable devices, increasing use of thin and flexible batteries in flexible electronic devices, ongoing miniaturisation of electronic devices, surging demand for flexible batteries in IoT applications, and This market is expected to develop due to the rising use of flexible batteries in medical devices to treat COVID-19 patients. The flexible battery market is categorised by type, voltage, capacity, application, and region in this analysis.
Drivers R&D activity for producing flexible batteries for wearable devices is increasing. Thin and flexible batteries are becoming more popular in flexible electrical gadgets. Miniaturization of electrical gadgets is a continuing trend. Flexible batteries are in higher in demand of IoT applications. The use of flexible batteries in medical devices is becoming more common to treat COVID-19 patients.
Restraints A significant investment is required For the development of flexible batteries, there is a lack of suitable standardisation.
Opportunities Electronics that can be worn. In the Internet of Things, a tiny and flexible battery is being developed.
Flexible batteries with a voltage of more than 3V have the largest market share of voltages in the global flexible battery market. Compared to other flexible batteries, 3V batteries offer greater power, longer life, and greater safety. These batteries do not contain harmful components such as hazardous liquids and are commonly used in the manufacture of small electrical gadgets. By type, small film batteries account for most of the flexible battery market. During the current Covid-19 epidemic, thin film batteries are compatible with the needs of portable medical devices. The flexible batteries of thin-film lithium-ion have become very popular as the demand for smaller products in these applications has grown. The Asia Pacific region is likely to have the largest market share and to grow significantly over time. The European and North American markets are also expected to grow at a high rate due to ongoing research and development activities in these regions related to the technology of producing flexible batteries. The Global Flexible battery Market is categorized based on type, capacity, voltage, rechargeability , and application.
IMPACT OF COVID-19
Due to the emergence of COVID-19, China's consumer electronics industry is also experiencing a drop in production. Consumer electronics prices may climb in the coming months as a result of China's temporary shutdown of manufacturing facilities. This, in turn, is likely to result in a shortage of consumer electronics components such as batteries, limiting the growth of the flexible battery market in 2020.
The competitive landscape for the flexible battery market breaks down information by competitor. Company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, Product launch, product width and breadth, production capacities, and corporate strengths and shortcomings, and application dominance are among the details included. The information presented above is only about the companies' concentration on the flexible battery market.
The following are some of the top participants in the flexible battery market Blue Spark Technologies, Samsung SDI, LG Chem, Enfucell Oy Ltd, Apple Inc., Panasonic, Fullriver Battery New Technology Co. Ltd., Paper Battery Co. Inc., Brightvolt Inc., Stmicroelectronics N.V, Rocket Electric, Ultralife Corporation, BrightVolt, Imprint Energy, Energy Diagnostics, Jenax and Other.
BY TYPE :
BY APPLICATION :
BY CAPACITY :
Below 10 mAh
Between 10 mAh and 100 mAh
Above 100 mAh
BY RECHARGEABILITY :
BY VOLTAGE :
between 1.5V and 3V
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa make up the worldwide flexible battery market. The fastest-growing market for flexible batteries is in the Asia Pacific area, which is experiencing rapid expansion in electronics. Also present in the region are the industry's key leading firms, which has experienced an increase in technological breakthroughs and research and development, fragmenting the market and enhancing the quality of the products. The Asia Pacific region's dominance in the worldwide flexible battery market is also due to the easy availability of raw materials and low labour costs. The presence of certain significant big players in North America and Europe has resulted in new opportunities.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 126 Million|
|Market Size by 2028||US$ 571 Million|
|CAGR||CAGR of 24.1% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Thin-Film Batteries, Printed Batteries)
• By Application (Consumer Electronics, Smart Packaging, Smart Cards, Medical Devices, Wireless Sensors, Others)
• By Capacity (Below 10 mAh, Between 10 mAh And 100 mAh, Above 100 mAh)
• By Rechargeability (Eprimary, Secondary)
• By Voltage (Below 1.5V, Between 1.5V And 3V, Above 3V)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Blue Spark Technologies, Samsung SDI, LG Chem, Enfucell Oy Ltd, Apple Inc., Panasonic, Fullriver Battery New Technology Co. Ltd., Paper Battery Co. Inc., Brightvolt Inc., Stmicroelectronics N.V, Rocket Electric, Ultralife Corporation, BrightVolt, Imprint Energy, Energy Diagnostics, Jenax and Other.|
|Key Drivers||• R&D activity for producing flexible batteries for wearable devices is increasing.|
|RESTRAINTS||• A significant investment is required For the development of flexible batteries, there is a lack of suitable standardisation.|
Frequently Asked Questions (FAQ) :
The flexible Battery Market size was valued at 126 million in 2021 at a CAGR of 24.1%.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
APAC is the fastest-growing market in the flexible battery market.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Flexible Battery Market Segmentation, by Type
8.2 Thin-film Batteries
8.3 Printed Batteries
9. Global Flexible Battery Market Segmentation, by Application
9.2 Consumer Electronics
9.3 Smart Packaging
9.4 Smart Cards
9.5 Medical Devices
9.6 Wireless Sensors
10. Global Flexible Battery Market Segmentation, By Capacity
10.2 Below 10 mAh
10.3 Between 10 mAh and 100 mAh
10.4 Above 100 mAh
11. Global Flexible Battery Market Segmentation, By Rechargeability
12. Global Flexible Battery Market Segmentation, By Voltage
12.2 below 1.5V
12.3 between 1.5V and 3V
12.4 above 3V
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14. Company Profiles
14.1 Blue Spark Technologies.
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Samsung SDI
14.3 LG Chem
14.4 Enfucell Oy Ltd
14.5 Apple Inc.
14.7 Fullriver Battery New Technology Co. Ltd.
14.8 Paper Battery Co. Inc.
14.9 Brightvolt Inc.
14.10 Stmicroelectronics N.V.
14.11 Rocket Electric Co. Ltd.
14.12 Ultralife Corporation
14.14 Imprint Energy
14.16 Energy Diagnostics
15. Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.