Flexible Battery Market Analysis of Key Players, Growth Status and Outlook 2025


Flexible batteries are designed to be flexible, lightweight, and compact to fit in miniaturized devices. 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. Thin-film batteries and printed batteries fall under the category of flexible batteries owing to their flexibility, compactness, thinness, and lightweight, as well as a unique manufacturing process. The Flexible Battery Market is projected to grow from USD 98 million in 2020 to USD 296 million by 2025; it is expected to grow at a CAGR of 24.7% from 2020 to 2025. Factors such as the growing demand for flexible batteries for use in wearables, increasing use of thin and flexible batteries in flexible electronic devices, ongoing miniaturization of electronic devices, surging demand for flexible batteries in IoT applications, and increasing use of flexible batteries in medical devices to treat COVID-19 patients are driving the growth of the Flexible Battery Market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=190884508

The Flexible Battery Market for consumer electronics is expected to witness significant growth during the forecast period. Technology advancements in consumer electronics, along with rising demand for flexible and miniaturized electronic products, have led to the development of flexible batteries and curved thin-film batteries. Flexible batteries have the capability to power various consumer electronic products such as smartphones, mobile phones, tablets, phablets, and cosmetics disposable products. These batteries for use in consumer electronics are expected to be commercialized by 2022, as several manufacturers are researching and developing flexible batteries to power their smartphones and wearable devices.

The below 10 mAh segment accounted for the largest size of the Flexible Battery Market in 2019. Batteries with a capacity of less than 10 mAh are widely used in medical implants, cosmetic patches, IoT devices, MEMS, CMOS memories, and other low-drain devices. These devices are compact and, therefore, have limited internal space. Moreover, they can be operated using low-capacity batteries. Increasing demand for flexible batteries for use in different applications is expected to drive the growth of the below 10 mAh segment of the market during the forecast period.

The Flexible Battery Market in APAC is expected to grow at the highest CAGR during the forecast period. The key manufactures of consumer electronics in this region are innovating their product designs, which require thin power sources for compatibility with the flexible designs of their products. As a result, a number of device manufacturers based in the region have been investing in research and development activities for flexible batteries. Companies such as Jenax (South Korea), LG Chem (South Korea), and Samsung DI (South Korea), are launching their batteries for use in wearables in the region. However, the outbreak of COVID-19 has impacted the manufacturing facilities of all verticals across the world, resulting in their shutdowns. A few industries have started their operations in China, thereby leading to the initiation of manufacturing of some necessities. This, in turn, is expected to lead to significant demand for flexible batteries in APAC.

Browse For More Details - https://www.prnewswire.com/news-releases/flexible-battery-market-worth-296-million-by-2025--exclusive-report-by-marketsandmarkets-301078540.html

Comments

Post a Comment

Popular posts from this blog

Trends Shaping the Environmental Test Chambers Market

The   Environmental Test Chambers Market Size  is expected to rise steadily; estimates show that it will reach USD 938 million by 2024 from USD 842 million in 2019, a compound annual growth rate (CAGR) of 2.18%. The most recent market research report outlines this growth trajectory and highlights the several variables that are driving this expansion. A variety of industrial verticals, including aerospace and defence, automotive, telecommunications, and electronics, are served by the market's segmentation based on type, which includes temperature and humidity chambers, customised chambers, and thermal shock chambers. Over the course of the forecast period, factors like strict regulatory requirements, rising need for dependable testing solutions, and technical developments in environmental testing equipment are anticipated to drive market expansion. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228 The environmental test chambers market is pro
Read more

Microwave Revolution: Unraveling the Monolithic Microwave IC Market

Image
The   Monolithic Microwave IC Market  showed strong growth, reaching a worth of USD 9.7 billion in 2022 and expected to reach USD 17.0 billion by 2027. It is anticipated that the market would expand at a notable compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. This growth trend shows how Monolithic Microwave Integrated Circuits (MMICs) are becoming more and more popular in a variety of industries. MMICs are essential parts of applications like consumer electronics, aircraft, defence, and telecommunications because of their small size and excellent performance at microwave frequencies. Technological developments, the growing need for high-frequency communication systems, and the extensive use of MMICs in developing technologies are the main factors propelling the market's growth. The MMIC market is expanding significantly due to a number of important factors. The smartphone industry is a major trigger for the spike in demand for Monolithic Microwave Integrated Circuits
Read more

Innovation Unleashed: RF Gallium Nitride Market Role in Emerging Technologies

Image
With a projected value of USD 2.8 billion by 2028, the global   RF Gallium Nitride (GaN) Market   is expected to experience substantial expansion from its estimated USD 1.3 billion in 2022. Over the course of the projected period, this forecast indicates a strong Compound Annual Growth Rate (CAGR) of 12.9%. The growing use of RF GaN devices in aerospace, defence, and military applications is driving up demand for them. GaN's commercial appeal is further enhanced by its appropriateness for Radio Frequency (RF) applications, which propels its wider adoption. With the growing need for sophisticated and high-performing RF semiconductor devices, the RF GaN Market is leading the way and is expected to grow significantly in the upcoming years.  Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597   Sumitomo Electric Device Innovations, Inc. (Japan), Qorvo, Inc. (US), WOLFSPEED, INC. (US), NXP Semiconductors (Netherlands), MACOM (US), Infineon Technolo
Read more