Flexible Battery Market to grow at a CAGR of 22.79% from 2022 to 2027, the rising popularity of rechargeable printed batteries to be an emerging trend in the market - Technavio

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Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

Metadata
Provider: 
PR NewswirePR Newswire
Retrieved on: 
Monday, March 20, 2023
Information
Tags: 
Semiconductor, Fine chemical
Geotags: 
NEW YORK
Organisation: 
TECHNAVIO
Summary
Key Points: 

Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)


Flexible Battery Market to grow at a CAGR of 22.79% from 2022 to 2027, the rising popularity of rechargeable printed batteries to be an emerging trend in the market - Technavio

NEW YORK, March 20, 2023 /PRNewswire/ -- The global flexible battery market size is estimated to grow by USD 240.47 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 22.79% during the forecast period. The growing popularity of rechargeable printed batteries is a major trend fueling market growth. Along with durability, recharging was also a challenge for the printed batteries. Vendors are extensively working towards developing rechargeable printed batteries at lower costs and with safety aspects as the primary focus. For instance, Imprint Energy, created printable, flexible, and non-toxic zinc batteries. The company aimed at improving portable power by offering the performance of batteries at lower costs and by removing form factor limitations and safety concerns. These batteries are manufactured with a distinct polymer for the electrolyte to develop rechargeable printing batteries and are used for sensors and toys.

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Flexible Battery Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on application (wearable electronics, medical devices, smart packaging, and others), type (rechargeable and non-rechargeable), and geography (APAC, Europe, North America, South America, and Middle East and Africa). 

  • The market share growth of the wearable electronics segment will be significant during the forecast period. The human body can quickly adapt to flexible batteries as these are not harmful to humans. As these batteries are flexible, they can easily fit into medical devices implanted into delicate body parts, such as the eyes. Vendors such as BrightVolt Solid State Batteries (BrightVolt) came up with a technology called transdermal drug delivery to administer drugs in a new way, where a thin power source, such as a printed battery, is required to power a patch implanted in a patient. In a standard medical patch, the body absorbs the drug as per the body's absorption rate. Hence, technological advances are expected to fuel the growth of the segment during the forecast period.

Geography Overview
By geography, the global flexible battery market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global flexible battery market.

  • APAC is estimated to contribute 47% to the growth of the global market during the forecast period. The growth can be attributed to factors such as the rising demand for IoT-enabled products and flexible consumer electronics in various countries across APAC. Companies such as LG Chem Ltd (LG Chem) and Samsung SDI Co., Ltd. (Samsung SDI) developed curved and flexible batteries to power mobile smartphones, smart glasses, and wearable electronics. This boosts the demand for flexible batteries. Major vendors of flexible batteries control most parts of the supply chain because of vertical integration. Hence, the contribution of APAC is dominant in the market.

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Flexible Battery Market – Market Dynamics
Key factor driving market growth
The growing demand for wearables is driving the market growth significantly. Various vendors, such as Apple Inc. (Apple), Samsung Electronics Co Ltd (Samsung), ZTE Corp. (ZTE), and Xiaomi Corp. (Xiaomi) came up with wearable devices such as smartwatches, activity trackers, and fitness bands. Such devices help users track the number of things like distance traveled and the metabolic rate and heart rate of the human body. Printed batteries are extensively adopted as power sources in these devices due to their flexible design, shape, size, and compatible features. Hence, the rising demand for wearable devices is expected to increase the demand for printed batteries. This is expected to drive the growth of the market during the forecast period. 

Major challenges hindering the market growth

The issues related to battery life are major challenges hindering market growth. The low capacity to supply power to electronic devices is the major challenge faced by a flexible or printed battery. Flexible or printed batteries have the same output voltage as a conventional battery (1.5 volts) with a drain current of 1 mA. But their battery life is limited to 4 mAh/sq. cm. Therefore, aprinted battery can only be used in small devices that require less power backup. This issue prevents them from expanding into consumer electronics sectors which include wearables and smartphones that need batteries that can run for long periods. Therefore, battery life-related issues are a major challenge impeding the market growth during the forecast period.

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What are the key data covered in this Flexible Battery Market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the flexible battery market between 2023 and 2027
  • Precise estimation of the size of the flexible battery market and its contribution to the market with a focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the flexible battery market across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of flexible battery market vendors

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Flexible Battery Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 22.79%

Market growth 2023-2027

USD 240.47 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

22.34

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 47%

Key countries

US, China, Japan, Germany, and UK, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Appear Inc., Apple Inc., BrightVolt, Enfucell, Imprint Energy, Jenax Inc., LG Energy Solution Ltd., Lionrock batteries Ltd., Molex LLC, Nokia Corp., Panasonic Holdings Corp., Poly Plus Battery Co., ProLogium Technology Co. Ltd., ROCKET Poland Sp. z o.o., Routejade Inc., Samsung SDI Co. Ltd., Shenzhen Grepow Battery Co. Ltd., STMicroelectronics NV, Ultralife Corp., and Wealhand Enterprise Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global flexible battery market 2017 - 2021 
    • Exhibit 18: Historic Market Size – Data Table on Global flexible battery market 2017 - 2021 ($ million)
  • 4.2 Application Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
  • 4.3 Type Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

  • 6.1 Market segments
    • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
  • 6.2 Comparison by Application 
    • Exhibit 32: Chart on Comparison by Application
    • Exhibit 33: Data Table on Comparison by Application
  • 6.3 Wearable electronics - Market size and forecast 2022-2027 
    • Exhibit 34: Chart on Wearable electronics - Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Wearable electronics - Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Wearable electronics - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Wearable electronics - Year-over-year growth 2022-2027 (%)
  • 6.4 Medical devices - Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Medical devices - Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Medical devices - Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Medical devices - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Medical devices - Year-over-year growth 2022-2027 (%)
  • 6.5 Smart packaging - Market size and forecast 2022-2027 
    • Exhibit 42: Chart on Smart packaging - Market size and forecast 2022-2027 ($ million)
    • Exhibit 43: Data Table on Smart packaging - Market size and forecast 2022-2027 ($ million)
    • Exhibit 44: Chart on Smart packaging - Year-over-year growth 2022-2027 (%)
    • Exhibit 45: Data Table on Smart packaging - Year-over-year growth 2022-2027 (%)
  • 6.6 Others - Market size and forecast 2022-2027 
    • Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
    • Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
  • 6.7 Market opportunity by Application 
    • Exhibit 50: Market opportunity by Application ($ million)

7 Market Segmentation by Type

  • 7.1 Market segments
    • Exhibit 51: Chart on Type - Market share 2022-2027 (%)
    • Exhibit 52: Data Table on Type - Market share 2022-2027 (%)
  • 7.2 Comparison by Type
    • Exhibit 53: Chart on Comparison by Type
    • Exhibit 54: Data Table on Comparison by Type
  • 7.3 Rechargeable - Market size and forecast 2022-2027 
    • Exhibit 55: Chart on Rechargeable - Market size and forecast 2022-2027 ($ million)
    • Exhibit 56: Data Table on Rechargeable - Market size and forecast 2022-2027 ($ million)
    • Exhibit 57: Chart on Rechargeable - Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Rechargeable - Year-over-year growth 2022-2027 (%)
  • 7.4 Non-Rechargeable - Market size and forecast 2022-2027 
    • Exhibit 59: Chart on Non-Rechargeable - Market size and forecast 2022-2027 ($ million)
    • Exhibit 60: Data Table on Non-Rechargeable - Market size and forecast 2022-2027 ($ million)
    • Exhibit 61: Chart on Non-Rechargeable - Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on Non-Rechargeable - Year-over-year growth 2022-2027 (%)
  • 7.5 Market opportunity by Type 
    • Exhibit 63: Market opportunity by Type ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 67: Chart on Geographic comparison
    • Exhibit 68: Data Table on Geographic comparison
  • 9.3 APAC - Market size and forecast 2022-2027 
    • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.4 Europe - Market size and forecast 2022-2027 
    • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.5 North America - Market size and forecast 2022-2027 
    • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027 
    • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.8 China - Market size and forecast 2022-2027 
    • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.9 Germany - Market size and forecast 2022-2027 
    • Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.10 US - Market size and forecast 2022-2027 
    • Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.11 Japan - Market size and forecast 2022-2027 
    • Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
    • Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
  • 9.12 UK - Market size and forecast 2022-2027 
    • Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
    • Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape
    • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption
    • Exhibit 112: Overview on factors of disruption
  • 11.4 Industry risks
    • Exhibit 113: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered
    • Exhibit 114: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 115: Matrix on vendor position and classification
  • 12.3 Appear Inc.
    • Exhibit 116: Appear Inc. - Overview
    • Exhibit 117: Appear Inc. - Product / Service
    • Exhibit 118: Appear Inc. - Key offerings
  • 12.4 BrightVolt
    • Exhibit 119: BrightVolt - Overview
    • Exhibit 120: BrightVolt - Product / Service
    • Exhibit 121: BrightVolt - Key offerings
  • 12.5 Enfucell
    • Exhibit 122: Enfucell - Overview
    • Exhibit 123: Enfucell - Product / Service
    • Exhibit 124: Enfucell - Key offerings
  • 12.6 Imprint Energy
    • Exhibit 125: Imprint Energy - Overview
    • Exhibit 126: Imprint Energy - Product / Service
    • Exhibit 127: Imprint Energy - Key offerings
  • 12.7 Jenax Inc.
    • Exhibit 128: Jenax Inc. - Overview
    • Exhibit 129: Jenax Inc. - Product / Service
    • Exhibit 130: Jenax Inc. - Key offerings
  • 12.8 LG Energy Solution Ltd. 
    • Exhibit 131: LG Energy Solution Ltd. - Overview
    • Exhibit 132: LG Energy Solution Ltd. - Product / Service
    • Exhibit 133: LG Energy Solution Ltd. - Key offerings
  • 12.9 Lionrock batteries Ltd. 
    • Exhibit 134: Lionrock batteries Ltd. - Overview
    • Exhibit 135: Lionrock batteries Ltd. - Product / Service
    • Exhibit 136: Lionrock batteries Ltd. - Key offerings
  • 12.10 Molex LLC
    • Exhibit 137: Molex LLC - Overview
    • Exhibit 138: Molex LLC - Product / Service
    • Exhibit 139: Molex LLC - Key offerings
  • 12.11 Panasonic Holdings Corp. 
    • Exhibit 140: Panasonic Holdings Corp. - Overview
    • Exhibit 141: Panasonic Holdings Corp. - Business segments
    • Exhibit 142: Panasonic Holdings Corp. - Key news
    • Exhibit 143: Panasonic Holdings Corp. - Key offerings
    • Exhibit 144: Panasonic Holdings Corp. - Segment focus
  • 12.12 Poly Plus Battery Co. 
    • Exhibit 145: Poly Plus Battery Co. - Overview
    • Exhibit 146: Poly Plus Battery Co. - Product / Service
    • Exhibit 147: Poly Plus Battery Co. - Key offerings
  • 12.13 ROCKET Poland Sp. z o.o. 
    • Exhibit 148: ROCKET Poland Sp. z o.o. - Overview
    • Exhibit 149: ROCKET Poland Sp. z o.o. - Product / Service
    • Exhibit 150: ROCKET Poland Sp. z o.o. - Key offerings
  • 12.14 Routejade Inc.
    • Exhibit 151: Routejade Inc. - Overview
    • Exhibit 152: Routejade Inc. - Product / Service
    • Exhibit 153: Routejade Inc. - Key offerings
  • 12.15 Samsung SDI Co. Ltd.
    • Exhibit 154: Samsung SDI Co. Ltd. - Overview
    • Exhibit 155: Samsung SDI Co. Ltd. - Business segments
    • Exhibit 156: Samsung SDI Co. Ltd. - Key news
    • Exhibit 157: Samsung SDI Co. Ltd. - Key offerings
    • Exhibit 158: Samsung SDI Co. Ltd. - Segment focus
  • 12.16 Shenzhen Grepow Battery Co. Ltd. 
    • Exhibit 159: Shenzhen Grepow Battery Co. Ltd. - Overview
    • Exhibit 160: Shenzhen Grepow Battery Co. Ltd. - Product / Service
    • Exhibit 161: Shenzhen Grepow Battery Co. Ltd. - Key offerings
  • 12.17 Ultralife Corp.
    • Exhibit 162: Ultralife Corp. - Overview
    • Exhibit 163: Ultralife Corp. - Business segments
    • Exhibit 164: Ultralife Corp. - Key offerings
    • Exhibit 165: Ultralife Corp. - Segment focus

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 166: Inclusions checklist
    • Exhibit 167: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 168: Currency conversion rates for US$
  • 13.4 Research methodology
    • Exhibit 169: Research methodology
    • Exhibit 170: Validation techniques employed for market sizing
    • Exhibit 171: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 172: List of abbreviations

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