The global flexible battery market was valued at USD XX Mn in 2018 and is expected to reach USD XX Mn by 2026, growing at a CAGR of 40.5% during the forecast period.
The flexible batteries are the primary and secondary batteries which are technologically developed to be conformal and flexible as compared to conventional batteries that are rigid, heavy, and generally have fixed form factors. The replacement of conventional batteries with flexible batteries reduces the weight of the product, increases durability, and improves efficiency. The advantages of a flexible battery such as lightweight, portability, and conformability, and increasing deployment in wearable electronic devices are some important factors that are expected to drive the growth of the global flexible battery market throughout the forecast period.
Additionally, Companies are also investing in new product development as well as are entering into merger & acquisition and partnership for the advancement of flexible batteries. For instance, In May 2017, Enfucell Oy Ltd. has signed a license agreement with Central Midori (Int’l) Pte Ltd for printing Enfucell SoftBattery® power sources. Enfucell is expanding the geographical exposure of its partner network to be able to provide the fast-growing markets for IoT and wearable devices that are powered by printable batteries.
Moreover, improving research and development efforts to minimize product cost and increasing focus on enhancing the design and performance of flexible batteries is also driving the demand for the flexible battery. The main factor boosting the growth of the flexible battery market is rising penetration across consumer electronics segments, advances in IoT-based devices and widespread usage of these batteries in other applications such as medical devices, smart cards (e-cards), smart packaging and wireless communication, etc.
However, the market growth is expected to be hindered by the uneven standardization in the manufacturing of flexible batteries as well as the fabrication of flexible batteries and high-cost associated with these batteries.
Flexible Battery Market Segmentation |
|
| By Type | 1. Thin-Film Battery |
| 2. Printed Battery | |
| 3. Curved Battery | |
| 4. Other (Lithium Polymer Battery and Lithium Ion Battery) | |
| By Chargeability | 1. Rechargeable Battery |
| 2. Single-Use Battery | |
| By Capacity | 1. Above 100 mAh |
| 2. Between 10 mAh to 100 mAh | |
| 3. Below 10 mAh | |
| By Application | 1. Medical Devices |
| 2. Consumer Electronics | |
| 3. Smart Cards (E-Cards) | |
| 4. Wearable Devices | |
| 5. Other (Smart Packaging and Wireless Communication) | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
Based on Product Type, the thin-film battery segment is expected to have the highest market share during the forecast period.
Based on Type, the flexible battery market has been segmented into the thin-film battery, printed battery, curved battery and other. The other segment includes the lithium polymer battery and a lithium-ion battery. The thin-film battery segment is expected to have the highest market share during the forecast period due to intrinsic properties of thin-film batteries such as longer lifespan, improved safety performance, high energy density, and lighter weight, and their application in medical equipment, smart cards, and wearable devices are expected to drive the demand for this segment. Further, growth in the application of flexible batteries in IoT devices and the drift toward miniaturization of products is projected to increase the demand for this segment during the forecast period.
Based on Chargeability, the rechargeable battery segment is expected to have the highest market share during the forecast period.
Based on Chargeability, the flexible battery market has been segmented into a rechargeable battery and single-use battery. The rechargeable battery segment is expected to have the highest market share during the forecast period due to the growing preferences to use rechargeable batteries as they are more energy-efficient and produce less waste. The continuing innovations in the area of material sciences have supported manufacturers to enhance the performance of rechargeable batteries. Further, the development of new rechargeable battery that can double the power output, as compared to a single-use battery is projected to increase the demand for this segment during the forecast period.
Based on Capacity, the capacity between 10 mAh to 100 mAh is expected to have the highest market share during the forecast period.
Based on Capacity, the flexible Battery market has been segmented into above 100 mAh, between 10 mAh to 100 mAh and below 10 mAh. The battery capacity between 10 mAh to 100 mAh is expected to have the highest market share during the forecast period. Battery with these capacities has a high energy density, low internal resistance, and stability even with bending fatigue that helps in enhancing the flexibility of next-generation devices. It ensures outstanding performance for any device. These factors are expected to boost the demand for this segment during the forecast period.
Based on the Application, the electronics & sensors segment is expected to hold the largest share in the market during the forecast period.
Based on Application, the market has been segmented into medical devices, consumer electronics, smart cards (e-cards), wearable devices and others. The other segment includes smart packaging and wireless communication. The wearable devices segment is expected to have the highest market share during the forecast period. The flexible battery meets the energy requirements of wearable devices and provides flexibility, thinness, and lightweight as compared to conventional secondary batteries. Further, these high potential batteries open the space for energy storage solutions which is fuelling the demand for the flexible battery for this segment.
Based on Regions, the Asia Pacific region is anticipated to capture a significant portion of the global market during the forecast period.
The Asia Pacific flexible Battery market is anticipated to capture a significant portion of the global market during the forecast period. The Asia-Pacific flexible Battery market is expected to witness strong growth owing to technologically advanced countries such as China, South Korea, and Japan. The region has the presence of large electronic component manufacturers, electronic device assemblers, and OEMs. Further, Competent labor pricing, ease in availability of raw materials, and relocation and expansion of manufacturing and assembling plants for electronic devices are fuelling the demand for the flexible battery.
Company Profiles and Competitive Intelligence in Flexible Battery Market are:
The major players operating in the global flexible battery market are, Samsung SDI Co., Ltd., LG Chem Ltd., Blue Spark Technologies Ltd., Enfucell Oy Ltd., Panasonic Corporation, Rocket Electric Co., Ltd., Jenax, Nissha Co., Ltd., LiBEST Inc., and Lionrock Batteries, among others.
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Chapter 1 Research Scope
1.1 Market Segmentation Scope
1.2 Market Regional Scope
Chapter 2 Executive Summary
2.1 Market Summary
2.1 Market Snapshot: Global Flexible Battery Market
2.2 Market Dynamics (DRO)
2.3 Global Flexible Battery Market, by Segment, 2018
2.3.1 Global Flexible Battery Market, by Product Type, 2018, (Units) (US$ Mn)
2.3.2 Global Flexible Battery Market, by Capacity, 2018, (Units) (US$ Mn)
2.3.3 Global Flexible Battery Market, by Chargeability, 2018, (Units) (US$ Mn)
2.3.4 Global Flexible Battery Market, by Application, 2018, (Units) (US$ Mn)
2.3.5 Global Flexible Battery Market, by Region, 2018 (Units) (US$ Mn)
2.4 Premium Insights
2.4.1 Developed Vs. Developing Economies, 2018 vs 2026
2.4.2 Regional Life Cycle Analysis
Chapter 3 Market Dynamics
3.1 Market Overview
3.2 Market Drivers
3.2.1 Increasing miniaturization of electronic devices
3.2.2 Replacement of conventional batteries with flexible batteries
3.2.3 Driver 3
3.3 Market Restraints
3.3.1 Uneven standardization and fabrication of flexible batteries
3.3.2 Restraint 2
3.4 Market Opportunities
3.4.1 Technological advancement in the portable electronics field
3.4.2 Opportunity 2
3.5 Key Trends and Impact on Growth Trajectory
3.6 Industry Value Chain Analysis
3.6.1 Analyst’s Views
3.7 PORTER’s Analysis
3.8 Industry SWOT Analysis
Chapter 4 Global Flexible Battery Market, by Product Type
4.1 Market Overview, by Product Type
4.1.1 Incremental Opportunity, by Product Type, 2018-2026
4.2 Thin-Film Battery
4.2.1 Global Flexible Battery Market, by Thin-Film Battery, 2016-2026, (Units) (US$ Mn)
4.3 Printed Battery
4.3.1 Global Flexible Battery Market, by Printed Battery, 2016-2026, (Units) (US$ Mn)
4.4 Curved Battery
4.4.1 Global Flexible Battery Market, by Curved Battery, 2016-2026, (Units) (US$ Mn)
4.5 Others
4.5.1 Global Flexible Battery Market, by Others, 2016-2026, (Units) (US$ Mn)
Chapter 5 Global Flexible Battery Market, by Capacity
5.1 Market Overview, by Capacity
5.1.1 Incremental Opportunity, by Capacity, 2018-2026
5.2 Above 100 mAh
5.2.1 Global Flexible Battery Market, by Above 100 mAh, 2016-2026, (Units) (US$ Mn)
5.3 Between 10 mAh to 100 mAh
5.3.1 Global Flexible Battery Market, by Between 10 mAh to 100 mAh, 2016-2026, (Units) (US$ Mn)
5.4 Below 10 mAh
5.4.1 Global Flexible Battery Market, by Below 10 mAh, 2016-2026, (Units) (US$ Mn)
Chapter 6 Global Flexible Battery Market, by Chargeability
6.1 Market Overview, by Chargeability
6.1.1 Incremental Opportunity, by Chargeability, 2018-2026
6.2 Rechargeable Battery
6.2.1 Global Flexible Battery Market, by Rechargeable Battery, 2016-2026, (Units) (US$ Mn)
6.3 Single-Use Battery
6.3.1 Global Flexible Battery Market, by Single-Use Battery, 2016-2026, (Units) (US$ Mn)
Chapter 7 Global Flexible Battery Market, by Application
7.1 Market Overview, by Application
7.1.1 Global Flexible Battery Market, by Application, 2016-2026 (Units) (US$ Mn)
7.1.2 Incremental Opportunity, by Application, 2018-2026
7.2 Medical Devices
7.2.1 Global Flexible Battery Market, by Medical Devices, 2016-2026, (Units) (US$ Mn)
7.3 Consumer Electronics
7.3.1 Global Flexible Battery Market, by Consumer Electronics, 2016-2026 (Units) (US$ Mn)
7.4 Smart Cards (E-Cards)
7.4.1 Global Flexible Battery Market, by Smart Cards (E-Cards), 2016-2026 (Units) (US$ Mn)
7.5 Wearable Devices
7.5.1 Global Flexible Battery Market, by Wearable Devices, 2016-2026 (Units) (US$ Mn)
7.6 Others
7.6.1 Global Flexible Battery Market, by Others, 2016-2026 (Units) (US$ Mn)
Chapter 8 Global Flexible Battery Market, by Region
8.1 Market Overview, by Region
8.1.1 Global Flexible Battery Market, by Region, 2016-2026, (Units) (US$ Mn)
8.2 Attractive Investment Opportunity, by Region, 2018
8.3 North America Flexible Battery Market
8.3.1 North America Flexible Battery Market, by Product Type, 2016-2026 (Units) (US$ Mn)
8.3.2 North America Flexible Battery Market, by Capacity, 2016-2026 (Units) (US$ Mn)
8.3.3 North America Flexible Battery Market, by Chargeability, 2016-2026 (Units) (US$ Mn)
8.3.4 North America Flexible Battery Market, by Application, 2016-2026 (Units) (US$ Mn)
8.3.5 North America Flexible Battery Market, by Country, 2016-2026 (Units) (US$ Mn)
8.3.5.1 U.S.
8.3.5.2 Canada
8.4 Europe Flexible Battery Market
8.4.1 Europe Flexible Battery Market, by Product Type, 2016-2026 (Units) (US$ Mn)
8.4.2 Europe Flexible Battery Market, by Capacity, 2016-2026 (Units) (US$ Mn)
8.4.3 Europe Flexible Battery Market, by Chargeability, 2016-2026 (Units) (US$ Mn)
8.4.4 Europe Flexible Battery Market, by Application, 2016-2026 (Units) (US$ Mn)
8.4.5 Europe Flexible Battery Market, by Country, 2016-2026 (Units) (US$ Mn)
8.4.5.1 U.K.
8.4.5.2 Germany
8.4.5.3 Italy
8.4.5.4 France
8.4.5.5 Rest of Europe
8.5 Asia Pacific Flexible Battery Market
8.5.1 Asia Pacific Flexible Battery Market, by Product Type, 2016-2026 (Units) (US$ Mn)
8.5.2 Asia Pacific Flexible Battery Market, by Capacity, 2016-2026 (Units) (US$ Mn)
8.5.3 Asia Pacific Flexible Battery Market, by Chargeability, 2016-2026 (Units) (US$ Mn)
8.5.4 Asia Pacific Flexible Battery Market, by Application, 2016-2026 (Units) (US$ Mn)
8.5.5 Asia Pacific Flexible Battery Market, by Country, 2016-2026 (Units) (US$ Mn)
8.5.5.1 India
8.5.5.2 China
8.5.5.3 Japan
8.5.5.4 Rest of Asia Pacific
8.6 Latin America Flexible Battery Market
8.6.1 Latin America Flexible Battery Market, by Product Type, 2016-2026 (Units) (US$ Mn)
8.6.2 Latin America Flexible Battery Market, by Capacity, 2016-2026 (Units) (US$ Mn)
8.6.3 Latin America Flexible Battery Market, by Chargeability, 2016-2026 (Units) (US$ Mn)
8.6.4 Latin America Flexible Battery Market, by Application, 2016-2026 (Units) (US$ Mn)
8.6.5 Latin America Flexible Battery Market, by Country, 2016-2026 (Units) (US$ Mn)
8.6.5.1 Brazil
8.6.5.2 Mexico
8.6.5.3 Rest of Latin America
8.7 Middle East & Africa Flexible Battery Market
8.7.1 Middle East & Africa Flexible Battery Market, by Product Type, 2016-2026 (Units) (US$ Mn)
8.7.2 Middle East & Africa Flexible Battery Market, by Capacity, 2016-2026 (Units) (US$ Mn)
8.7.3 Middle East & Africa Flexible Battery Market, by Chargeability, 2016-2026 (Units) (US$ Mn)
8.7.4 Middle East & Africa Flexible Battery Market, by Application, 2016-2026 (Units) (US$ Mn)
8.7.5 Middle East & Africa Flexible Battery Market, by Region, 2016-2026 (Units) (US$ Mn)
8.7.5.1 GCC
8.7.5.2 Rest of Middle East & Africa
Chapter 9 Competitive Intelligence
9.1 Overview
9.2 Market Share Analysis of key players, 2018
9.3 Market Players Present in Market Life Cycle
9.4 Top Players Comparison
9.5 Market Positioning of Key Players, 2018
9.6 Market Players Mapping
9.6.1 By Product Type
9.6.2 By Capacity
9.6.3 By Chargeability
9.6.1 By Application
9.6.2 By Region
9.7 Strategies Adopted by Key Market Players
9.8 Recent Developments in the Market
9.8.1 Mergers & Acquisitions, Partnership, New Product Developments
Chapter 10 Company Profiles
10.1 Samsung SDI Co., Ltd.
10.1.1 Samsung SDI Co., Ltd. Overview
10.1.2 Key Stakeholders/Person in Samsung SDI Co., Ltd.
10.1.3 Samsung SDI Co., Ltd. Products Portfolio
10.1.4 Samsung SDI Co., Ltd. Financial Overview
10.1.5 Samsung SDI Co., Ltd. News/Recent Developments
10.2 LG Chem Ltd.
10.2.1 LG Chem Ltd. Overview
10.2.2 Key Stakeholders/Person in LG Chem Ltd.
10.2.3 LG Chem Ltd. Products Portfolio
10.2.4 LG Chem Ltd. Financial Overview
10.2.5 LG Chem Ltd. News/Recent Developments
10.3 Blue Spark Technologies Ltd.
10.3.1 Blue Spark Technologies Ltd. Overview
10.3.2 Key Stakeholders/Person in Blue Spark Technologies Ltd.
10.3.3 Blue Spark Technologies Ltd. Products Portfolio
10.3.4 Blue Spark Technologies Ltd. Financial Overview
10.3.5 Blue Spark Technologies Ltd. News/Recent Developments
10.4 Enfucell Oy Ltd.
10.4.1 Enfucell Oy Ltd. Overview
10.4.2 Key Stakeholders/Person in Enfucell Oy Ltd.
10.4.3 Enfucell Oy Ltd. Products Portfolio
10.4.4 Enfucell Oy Ltd. Financial Overview
10.4.5 Enfucell Oy Ltd. News/Recent Developments
10.5 Panasonic Corporation
10.5.1 Panasonic Corporation Overview
10.5.2 Key Stakeholders/Person in Panasonic Corporation
10.5.3 Panasonic Corporation Products Portfolio
10.5.4 Panasonic Corporation Financial Overview
10.5.5 Panasonic Corporation News/Recent Developments
10.6 ROCKET Poland Co. Ltd.
10.6.1 ROCKET Poland Co. Ltd. Overview
10.6.2 Key Stakeholders/Person in ROCKET Poland Co. Ltd.
10.6.3 ROCKET Poland Co. Ltd. Products Portfolio
10.6.4 ROCKET Poland Co. Ltd. Financial Overview
10.6.5 ROCKET Poland Co. Ltd. News/Recent Developments
10.7 Jenax
10.7.1 Jenax Overview
10.7.2 Key Stakeholders/Person in Jenax
10.7.3 Jenax Products Portfolio
10.7.4 Jenax Financial Overview
10.7.5 Jenax News/Recent Developments
10.8 Nissha Co., Ltd.
10.8.1 Nissha Co., Ltd. Overview
10.8.2 Key Stakeholders/Person in Nissha Co., Ltd.
10.8.3 Nissha Co., Ltd. Products Portfolio
10.8.4 Nissha Co., Ltd. Financial Overview
10.8.5 Nissha Co., Ltd. News/Recent Developments
10.9 LiBEST Inc.
10.9.1 LiBEST Inc. Overview
10.9.2 Key Stakeholders/Person in LiBEST Inc.
10.9.3 LiBEST Inc. Products Portfolio
10.9.4 LiBEST Inc. Financial Overview
10.9.5 LiBEST Inc. News/Recent Developments
10.10 Lionrock Batteries
10.10.1 Lionrock Batteries Overview
10.10.2 Key Stakeholders/Person in Lionrock Batteries
10.10.3 Lionrock Batteries Products Portfolio
10.10.4 Lionrock Batteries Financial Overview
10.10.5 Lionrock Batteries News/Recent Developments
Chapter 11 Research Methodology
11.1 Methodology/Research Approach
11.2 Market Size Estimation
11.3 Data Source
11.3.1 Secondary Sources
11.3.2 Primary Sources
11.4 Breakup of the Primary Profiles
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