Semiconductor and Electronic Survey

Increasing Demand for Consumer Electronics Silicon anode batteries are suited for consumer electronics, healthcare, and industrial applications because of their high energy capacity and compact design. Sustained demand from developed nations in North America and Europe and expanding Asian markets such as China, India, and South Korea are driving the need for consumer electronics. Smartphones, laptops, tablets, and wearables are a few of the key products accelerating the overall consumer electronics market. Currently, all consumer electronics products use lithium-ion batteries as the primary source of power. However, as the dependence on these smart gadgets increases, consumers seek efficient batteries that can power the devices for longer. The  Silicon Battery Market  is projected to grow from USD 38 million in 2020 to USD 177 million by 2025, at a CAGR of 36.2% between 2020 to 2025. Silicon-based materials have the highest capacity among the investigated anode materials. Silicon (Si)

The   Silicon Battery Market   Size is estimated to be valued at USD 38 million in 2020 and is projected to reach USD 177 million by 2025; it is expected to grow at a CAGR of 36.2%. Silicon batteries are the next-generation lithium-ion (Li-ion) batteries. Silicon (Si)-based materials have the highest capacity among the various investigated anode materials. Silicon anode batteries promise for a long battery life as well as long-lasting storage due to the high capacity of silicon to store electric charge. This battery technology has multiple advantages over ordinary lithium or graphite anodes such as it enables long life and high energy storage, resulting in a significantly longer-lasting battery. The growth of this market is expected to be driven by increasing R&D initiatives by battery manufacturers, the inherent advantages of silicon batteries, increasing adoption of consumer electronics, and high energy density of silicon batteries. Download PDF Brochure @  https://www.marketsand