Flexible, Printed And Thin Film Battery Market Size, Share & Trends Analysis Report By Type (Disposable, Rechargeable), By Application (Wearables, Medical, Consumer Electronics, Smart Cards), By Region, And Segment Forecasts, 2024 - 2030

Market Size & Trends

The global flexible, printed, and thin film battery market size was valued at USD 189.2 million in 2023 and is projected to grow at a CAGR of 28.0% from 2024 to 2030. The flexible printed thin film battery is essential to address the ever-increasing need for portable, wearable, and implantable devices that require light weight, flexibility, and compactness in power supply. Several factors contribute to the growth of the flexible, printed, and thin film battery market, including breakthroughs in materials science and printing technology, making it possible for mass production of flexible batteries with better performance at affordable prices.

In addition, the growing use of wearable items such as wristwatches, physical fitness trackers, and health checkers has increased the demand for flexible batteries, thereby driving the flexible, printed and thin battery market to grow over the forecast period. The evolution of the automotive industry and the demand for consumer electronics is anticipated to drive market growth.

As smartphones, tablets, and smart home gadgets continue to become more compact and sophisticated, the battery demands flexible, printed, and thin film batteries that provide a lightweight and adaptable power supply to enhance the design flexibility of electronic devices. For instance, in March 2020, Enfucell launched its new product, Wearable Temperature Tag, based on a combined technology of an intelligent temperature sensor and NFC and a soft battery known as printed paper batteries.

Furthermore, new opportunities for advanced battery technologies are emerging owing to the transition made by the automotive sector from conventional vehicles to electric cars (EV) and hybrids. Although these automobiles largely rely on traditional lithium-ion batteries, there’s an increase in the requirement for smaller flexible batteries to be used in ancillary applications such as dashboard displays and electronic parts encouraging market development over the forecast period.

Various technological advancements in sustainability are expected to help in enhancing market growth. With the growing concerns regarding the state of the environment, it is essential to reduce emissions from different industries such as electronics or energy storage. Typically, flexible, printed, and thin film batteries are designed with less toxic materials and are easier to recycle compared to conventional batteries. Furthermore, the development of biodegradable and recyclable battery technologies aligns with global sustainability goals and attracts investments and consumer interest.

Type Insights

Rechargeable segment dominated the market and accounted for a market share of 78.8% in 2023 owing to the increasing demand for wireless sensor networks with low energy harvesting techniques. In addition, thin film rechargeable, flexible batteries are being used in medical devices, electronic devices, and IoT devices, which is anticipated to drive the demand for this segment. For instance, in January 2022, Imprint Energy, a company known for its thin, flexible, and rechargeable battery development, announced the launch of ZinCore, which is based on zinc-based battery technology unlocking doors in advanced IoT product design, mobile connectivity, and improving portable power. Furthermore, battery research organizations and companies are reducing the cost of rechargeable batteries, which is expected to grow rapidly in the coming years.

Disposable segment is expected to grow at a significant rate of 26.6% CAGR during the forecast period attributed to its extensive use in low-power single-use applications including semi-battery-assisted passive RFID, one-time password display smart cards, semi-active tags with sensors, greeting cards, musical instruments, and toys. In addition, advances in materials science have made disposable batteries perform better and safer, rendering them more appropriate for use in consumer electronic gadgets and medical instruments. Furthermore, there is a booming market for disposable or single-use electronic devices due to the need for power solutions that are both economical and light.

Application Insights

Wearables segment dominated the market and accounted for a market share of 34.8% in 2023 pertaining to the increasing demand for lightweight, flexible, and compact power sources for devices such as smartwatches, fitness trackers, and health monitors. With the increased use of wearable technologies to monitor people’s health and performance, this sector has been growing due to the need for batteries that can match their size or configuration. Furthermore, progress in flexible battery technology has made it possible to create more wearables with longer-lasting energy supplies, which is anticipated to drive demand for flexible printed and thin film batteries in this category.

The medical segment is projected to grow at a CAGR of 28.7% over the forecast period attributed to the need for lightweight and thin flexible power sources that can be easily carried along or implanted into the body. Furthermore, rising demand for various portable medical devices such as pacemakers, implantable cardioverter-defibrillators, and neurostimulators requiring flexible battery systems for continuous power supply is anticipated to drive market growth. In addition, developments in flexible battery technology have made it possible to develop smaller more efficient, and comfortable medical devices that are helping boost sales of flexible printed and thin film batteries within this segment.

Regional Insights

Asia Pacific flexible, printed, and thin film battery market dominated the flexible printed and thin battery market in 2023 attributed to the growing acceptance of wearables, IoT devices, and compact medical equipment needing compact and flexible power sources. In addition, having significant manufacturers and suppliers in the region contributed to this leading position by making it easier for them to obtain raw materials and cheap production costs.

China Flexible, Printed And Thin Film Battery Market Trends

The China flexible, printed, and thin film battery market dominated the Asia Pacific market with a share of 59.6% in 2023 due tohaving the most advanced technology in electronic manufacturing industries and making huge investments in modern batteries. Moreover, the country’s innovation orientation coupled with extensive production capacity from the government has played an important role in promoting the uptake of this type of battery.

Europe Flexible, Printed And Thin Film Battery Market Trends

Europe flexible, printed and thin film battery market is anticipated to witness significant growth in the flexible, printed and thin battery market driven by the growing demand for creative energy solutions for wearable technologies and Internet of Things [IoT] devices. Furthermore, the emphasis placed by the region on sustainable development and energy efficiency, as well as significant investment amounts allocated to research and development activities directed at battery technology advancement and reduction of eco footprints are anticipated to drive market growth.

The UK flexible, printed, and thin film battery market is expected to grow significantly during the forecast period. It can be attributed to the increased investments in innovative research and development particularly in areas such as wearable tech and alternative energy solutions. Furthermore, the UK is expected to benefit from government initiatives and a commitment to developing sustainable, high-performing energy storage systems.

North America Flexible, Printed And Thin Film Battery Market Trends

North America flexible, printed and thin film battery market is anticipated to witness significant growth due to increasing demand for advanced energy storage solutions in emerging technologies such as wearables, smart devices, and automotive applications. In addition, substantial investments in research and development, coupled with a strong emphasis on innovation and sustainability from private companies and government initiatives, are driving the expansion of this market in the region.

The U.S. flexible, printed and thin film battery market held a substantial share in 2023 owing to its robust technology sector and significant investments in advanced energy storage solutions for consumer electronics and wearable devices. The growth was further fueled by a strong focus on innovation, aimed at developing cutting-edge battery technologies and promoting sustainable energy practices.

Flexible, Printed And Thin Film Battery Market Share Insights

Some key companies in the global flexible, printed and thin film battery market include Blue Spark Technologies, STMicroelectronics, Enfucell, Samsung SDI, and others. Vendors in the market are focusing on increasing their customer base to gain a competitive edge in the industry. Therefore, these companies are growing their market revenue by launching new products, collaborations and adopting various other strategies.

• Blue Spark Technologies is a U.S. based company producing batteries which are utilized in various industries, including healthcare, consumer electronics, and smart packaging. Notably, the company has developed the TempTraq a wearable temperature monitor that uses its printed battery technology to continuously monitor body temperature for up to 72 hours. This device integrates with mobile applications for real-time health monitoring.

• Enfucell is a Finland based company with a flagship product known as SoftBattery. The products are flexible and thin primary battery made from low-cost, eco-friendly materials.  The products are used for various purposes such as wireless sensors for healthcare, sports and logistics.

Recent Developments

• In August 2024, KLVR unveiled a new rechargeable battery solution designed to provide a high-performance and sustainable alternative to traditional batteries. This innovative product features enhanced energy efficiency and longevity, addressing the growing demand for eco-friendly and reliable power sources. KLVR's new battery technology aims to support various applications while contributing to reduced environmental impact and improved overall performance.

Flexible, Printed And Thin Film Battery Market Report Scope

Global Flexible, Printed And Thin Film Battery Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global flexible printed and thin film battery market report based on type, application, and region.

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Disposable

  • Rechargeable

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Wearables

  • Medical

  • Consumer Electronics

  • Smart Cards

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Russia

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

  • Latin America

    • Brazil

    • Argentina

  • Middle East and Africa (MEA)

    • South Africa

    • Saudi Arabia

    • UAE