Flexible Battery Market | Exactitude Consultancy Reports

Sat, 03 Jun 2023 06:35:55 +0000

Flexible Battery Market by Type (Thin Film Li-ion, Flexible Lithium Polymer, Printed Battery, Curved Battery), By Voltage (Below 1.5V, between 1.5V and 3V, Above 3V), By Capacity (Below 10mAh, between 10mAh and100mAh, Above 100mAh), By Rechargeability (Primary Batteries, Secondary Batteries), By Application (Smart Packaging, Medical Devices, Wearable Devices, Smart Cards, Consumer Electronics) and Region, Global trends and forecast from 2022 to 2029

The Flexible Battery Market Is Expected To Grow At 24.7% CAGR From 2021 To 2029. It Is Expected To Reach Above USD 715 Million By 2029 From USD 98 Million In 2020.

Segment Analysis
The flexible battery market is segmented based on type, voltage, capacity, rechargeability, application, and region.

By type, the thin-film lithium-ion, flexible lithium polymer, printed battery, curved battery, and other segments can be found in the worldwide flexible battery market. Thin-film lithium-ion batteries have become more widely used in wearable electronics, smart cards, smart packaging, healthcare, and other applications, giving them a leading position in the global flexible battery market.

By the Voltage, below 1.5 V type emerged as the dominant segment and accounted for over 45% of the market share. The category will expand further at a stable CAGR due to high demand for sub 1.5 V thin-film batteries from multiple applications, particularly from lower-power applications, such as wireless micro-sensors, smart cards, toys, medical patches, and RFID tags. The above three V category is probably going to see the fastest CAGR. Smartwatches and other consumer electronics devices are just a couple of examples of devices that can use above 3 V batteries. Due to the use of these batteries in consumer electronics, medical devices, sensors, and smart labels and tags, the 1.5 to 3 V segment had a sizable market share and will experience steady growth in the coming years.

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