Flexible Battery Market: Global Industry Analysis, Size, Share, Growth, Trend, and Forecast 2024-2030

  • The Flexible Battery Market size was valued at US$ 300.01 Mn. in 2023. The global Flexible Battery Market is estimated to grow at a CAGR of 23.7% over the forecast period.

  • Format : PDF | Report ID : SMR_332

Flexible Battery Market Overview:

A flexible battery is made up of a cell stack made up of numerous unit cells and an exterior shell that keeps the stack sealed. A positive electrode, a negative electrode, and an electrolyte layer positioned between the negative electrode and the positive electrode make up each of the numerous unit cells. Metal foils, polymer films, paper sheets, and rubber surfaces are commonly used as flexible substrates for micro-components. Flexible substrates allow for the creation of battery products that bend and stretch, allowing for a greater variety of battery designs and uses in energy storage systems. The segment analysis of Flexible Battery Market report is studied by type, chargeability, application and region.

 

Flexible Battery Market

 

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Flexible Battery Market Dynamics:

The automotive and transportation industrie's growing demand is expected to be the primary flexible battery market growth drivers. Growing consumer awareness of the advantages of flexible batteries, rapid technological advancements in the battery manufacturing process, rising product innovation, rising demand for smart wearable devices, medical devices, and consumer electronics, and widespread industrialization will all contribute to the market value increases. Growing expenditure on research and development, along with a surge in the implementation of internet of things technologies by small and medium-sized manufacturing businesses, is expected to boost the flexible battery market growth.

 

Unique Advantages and Applications Flexible Battery:

 

Flexible batteries are easier to utilize in intricate devices with limited interior space since they are elastic, malleable, and lightweight by nature. Because of their qualities, these batteries are frequently utilized in wearable electronic devices such as smart glasses, smartwatches, fitness bands, smart video/photo devices, and smart fabrics. Because the battery's flexibility allows it to be folded, rolled, sliced, and altered to fit any shape of the product, demand in the flexible battery market from electronic applications is expected to rise during the forecast period.

 

IoT devices are expected to require battery features such as rechargeability, high storage capacity, and wireless access to external power suppliers. Wearable electronic gadgets that use an IoT medium are becoming increasingly popular due to benefits like quick interoperability, profile management, data collecting, notifications, and security. Demand in the flexible battery market is expected to rise as more IoT-enabled wearable electronic devices are used for monitoring, diagnosing, gauging, navigating, and tracking applications.

 

Flexible batteries can withstand large deformations such as bending, twisting, stretching, and compressing without affecting the system's output. Flexible batteries' features enable them to be used in a wide range of healthcare and medical applications. The user's brain, heart, and muscle functions are monitored and tracked using medical and cosmetic patches powered by flexible batteries. Simultaneously, by delivering and managing drug flow to the body, these patches diagnose and cure the user's symptoms. Because of its long life lifetime and biocompatibility, flexible battery-powered medical implanted devices are utilized in pacemakers, defibrillators, and neurostimulators. Demand in the flexible battery market is increasing as the demand for medical patches and implanted medical devices in health care applications grows.

 

The Introduction of Innovative Features in Flexible Battery:

 

The growing demand for electronic gadgets across the globe is fueling the flexible battery market growth. Flexible batteries are bendable, elastic, lightweight, and easy to utilize in unusual goods with limited interior space. Because of their features, these batteries are commonly used in wearable electronic devices such as brilliant glasses, keen watches, wellness groups, shrewd video/photograph gadgets, and clever materials. Because the adaptability feature allows the battery to be deflated, relocated, cut, and changed to fit any state of the item, the need for adaptable batteries in electronic applications is expected to grow through the forecast period.

 

High Cost and Technology Constraints:

 

High costs connected with research and development capabilities are expected to act as market growth barriers. In addition, in developing economies, strict regulatory frameworks and a lack of standardization will stifle industry growth. The market's growth pace will be further hampered by large-scale technology and infrastructure constraints.

 

Flexible Battery Market Segment Analysis:

By Type, the Flexible Battery Market is segmented into Thin-Film Battery, Printed Battery, Curved Battery, and Others. The Thin-Film Battery segment dominated the market with 41% in 2023. Thin-Film batteries offer superior performance and higher output voltage than bulky solid-state batteries, while also posing a lower danger of electrolyte leakage. The increased need for miniaturized goods in these applications has fueled the use of thin-film lithium-ion flexible batteries, propelling the thin-film batteries market to significant growth.

 

In addition, the rising demand for miniaturized products in various applications, thin-film lithium-ion flexible batteries have become more popular, propelling the thin-film batteries market to significant growth. The growing need for smart cards for payment applications in the telecommunications, banking, and transportation sectors has also supported the growth of the flexible battery market's thin-film batteries segment.

 

By Chargeability, the Flexible Battery Market is segmented into Rechargeable Battery and Single-Use Battery. The Rechargeable Battery segment dominated the market with 74% in 2020. Chargeable flexible batteries have been developed in response to the growing demand for portable and flexible electronics. They can be used in goods such as smart cards, wearable electronics, novelty packaging, flexible displays, and transdermal medicine delivery patches.  In addition, the increased demand for rechargeable batteries, as opposed to single-use batteries, is one of the factors contributing to the segment's growth.

 

Flexible Battery Market Regional Insights:

The Asia Pacific region dominated the market with a 42% share in 2023. The flexible battery market in the Asia Pacific region is growing significantly, thanks to the rising demand for IoT-enabled products and portable consumer electronics in countries like China, Japan, and South Korea. Companies like LG Chem and Samsung SDI, based in South Korea, have developed curved and flexible batteries to power mobile smartphones, smart glasses, and wearable electronics. The popularity of smart packaging is growing in APAC, which is boosting the demand for flexible batteries to be integrated with smart packaging.

 

The presence of significant OEMs, electronic component manufacturers, and electronic device assemblers in economies like India, China, and Japan is also expected to drive the flexible battery market in the Asia Pacific region. In addition, the migration and expansion of electronic device production and assembly factories from the Western Hemisphere to East Asia are expected to boost demand for flexible batteries in the Asia Pacific during the forecast period. In addition, the flexible batteries market is expected to benefit from increased raw material availability and competitive labor pricing.

 

The objective of the report is to present a comprehensive analysis of the Global Flexible Battery Market to the stakeholders in the industry. The report provides trends that are most dominant in the Global Flexible Battery Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the global market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Global Flexible Battery Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Global Flexible Battery Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the global market.

 

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The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Global Flexible Battery Market. The report also analyses if the Global Flexible Battery Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Global Flexible Battery Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Flexible Battery Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the global market is aided by legal factors.

 

Flexible Battery Market Scope:

Flexible Battery Market 

Market Size in 2023

USD 300.01 Mn.

Market Size in 2030

USD 1329.61 Mn.

CAGR (2024-2030)

23.7%

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

Segment Scope

by   Type

  • Thin-Film Battery
  • Printed Battery
  • Curved Battery
  • Others

by    Chargeability

  • Rechargeable Battery
  • Single-Use Battery

 

by    Application

  • Consumer Electronics
  • Smart Packaging
  • Smart Cards
  • Medical Devices
  • Wireless Sensors
  • Others

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Flexible Battery Market Key Players:  

  • Samsung SDI (South Korea)
  • LG Chem (South Korea)
  • Enfucell Oy Ltd. (Finland)
  • Blue Spark Technologies (US)
  • Apple, Inc. (US)
  • Panasonic (Japan)
  • Ultralife Corporation (US)
  • BrightVolt (US)
  • Imprint Energy (US)
  • Energy Diagnostics (UK)
  • Jenax (South Korea)
  • Ilika (UK)
  • Cymbet (US)
  • Energy Diagnostics (India)
  • Jenax (South Korea)
  • Prelonic Technologies (Austria)
  • STMicroelectronics N.V. (Switzerland)


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Frequently Asked Questions

The segments covered in the Flexible Battery Market report are based on Type, Chargeability, and Application.

1.    Flexible Battery Market Introduction
1.1.    Study Assumption and Market Definition
1.2.    Scope of the Study
1.3.    Executive Summary

2.    Global Flexible Battery Market: Competitive Landscape
2.1.    SMR Competition Matrix
2.2.    Competitive Landscape
2.3.    Key Players Benchmarking
2.3.1.    Company Name
2.3.2.    Product Segment
2.3.3.    End-user Segment
2.3.4.    Revenue (2023)
2.3.5.    Company Locations

2.4.    Market Structure
2.4.1.    Market Leaders 
2.4.2.    Market Followers
2.4.3.    Emerging Players

2.5.    Mergers and Acquisitions Details

3.    Flexible Battery Market: Dynamics
3.1.    Flexible Battery Market Trends by Region
3.1.1.    North America
3.1.2.    Europe 
3.1.3.    Asia Pacific 
3.1.4.    Middle East and Africa
3.1.5.    South America

3.2.    Flexible Battery Market Dynamics 
3.2.1.    Flexible Battery Market Drivers
3.2.2.    Flexible Battery Market Restraints 
3.2.3.    Flexible Battery Market Opportunities
3.2.4.    Flexible Battery Market Challenges

3.3.    PORTER’s Five Forces Analysis
3.4.    PESTLE Analysis
3.5.    Technological Roadmap
3.6.    Value Chain Analysis and Supply Chain Analysis 
3.7.    Regulatory Landscape 

4.    Flexible Battery Market: Global Market Size and Forecast by Segmentation (by Value in USD Mn and Volume Units) (2023-2030)
4.1.    Flexible Battery Market Size and Forecast, by Type (2023-2030)
4.1.1.    Thin-Film Battery
4.1.2.    Printed Battery
4.1.3.    Curved Battery
4.1.4.    Others

4.2.    Flexible Battery Market Size and Forecast, by Chargeability (2023-2030)
4.2.1.    Rechargeable Battery
4.2.2.    Single-Use Battery

4.3.    Flexible Battery Market Size and Forecast, by Application (2023-2030)
4.3.1.    Consumer Electronics
4.3.2.    Smart Packaging
4.3.3.    Smart Cards
4.3.4.    Medical Devices
4.3.5.    Wireless Sensors
4.3.6.    Others

4.4.    Flexible Battery Market Size and Forecast, by Region (2023-2030)
4.4.1.    North America
4.4.2.    Europe
4.4.3.    Asia Pacific 
4.4.4.    Middle East and Africa 
4.4.5.    South America

5.    North America Flexible Battery Market Size and Forecast by Segmentation (by Value in USD Mn and Volume Units) (2023-2030)
5.1.    North America Flexible Battery Market Size and Forecast, by Type (2023-2030)
5.1.1.    Planar
5.1.2.    Tubular
5.1.3.    Others

5.2.    North America Flexible Battery Market Size and Forecast, by Chargeability (2023-2030)
5.2.1.    Rechargeable Battery
5.2.2.    Single-Use Battery

5.3.    North America Flexible Battery Market Size and Forecast, by Application (2023-2030)
5.3.1.    Consumer Electronics
5.3.2.    Smart Packaging
5.3.3.    Smart Cards
5.3.4.    Medical Devices
5.3.5.    Wireless Sensors
5.3.6.    Others

5.4.    North America Flexible Battery Market Size and Forecast, by Country (2023-2030)
5.4.1.    United States
5.4.2.    Canada
5.4.3.    Mexico 

6.    Europe Flexible Battery Market Size and Forecast by Segmentation (by Value in USD Mn and Volume Units) (2023-2030)
6.1.    Europe Flexible Battery Market Size and Forecast, by Type (2023-2030)
6.2.    Europe Flexible Battery Market Size and Forecast, by Chargeability (2023-2030)
6.3.    Europe Flexible Battery Market Size and Forecast, by Application (2023-2030)
6.4.    Europe Flexible Battery Market Size and Forecast, by Country (2023-2030)
6.4.1.    United Kingdom
6.4.2.    France
6.4.3.    Germany
6.4.4.    Italy
6.4.5.    Spain
6.4.6.    Sweden
6.4.7.    Austria
6.4.8.    Rest of Europe

7.    Asia Pacific Flexible Battery Market Size and Forecast by Segmentation (by Value in USD Mn and Volume Units) (2023-2030)
7.1.    Asia Pacific Flexible Battery Market Size and Forecast, by Type (2023-2030)
7.2.    Asia Pacific Flexible Battery Market Size and Forecast, by Chargeability (2023-2030)
7.3.    Asia Pacific Flexible Battery Market Size and Forecast, by Application (2023-2030)
7.4.    Asia Pacific Flexible Battery Market Size and Forecast, by Country (2023-2030)
7.4.1.    China
7.4.2.    S Korea
7.4.3.    Japan
7.4.4.    India
7.4.5.    Australia
7.4.6.    Indonesia
7.4.7.    Malaysia
7.4.8.    Vietnam
7.4.9.    Taiwan
7.4.10.    Rest of Asia Pacific

8.    Middle East and Africa Flexible Battery Market Size and Forecast by Segmentation (by Value in USD Mn and Volume Units) (2023-2030)
8.1.    Middle East and Africa Flexible Battery Market Size and Forecast, by Type (2023-2030)
8.2.    Middle East and Africa Flexible Battery Market Size and Forecast, by Chargeability (2023-2030)
8.3.    Middle East and Africa Flexible Battery Market Size and Forecast, by Application (2023-2030)
8.4.    Middle East and Africa Flexible Battery Market Size and Forecast, by Country (2023-2030)
8.4.1.    South Africa
8.4.2.    GCC
8.4.3.    Nigeria
8.4.4.    Rest of ME&A

9.    South America Flexible Battery Market Size and Forecast by Segmentation (by Value in USD Mn and Volume Units) (2023-2030)
9.1.    South America Flexible Battery Market Size and Forecast, by Type (2023-2030)
9.2.    South America Flexible Battery Market Size and Forecast, by Chargeability (2023-2030)
9.3.    South America Flexible Battery Market Size and Forecast, by Application (2023-2030)
9.4.    South America Flexible Battery Market Size and Forecast, by Country (2023-2030)
9.4.1.    Brazil
9.4.2.    Argentina
9.4.3.    Rest Of South America

10.    Company Profile: Key Players
10.1.    Samsung SDI (South Korea)
10.1.1.    Company Overview
10.1.2.    Business Portfolio
10.1.3.    Financial Overview
10.1.4.    SWOT Analysis
10.1.5.    Strategic Analysis
10.1.6.    Recent Developments

10.2.    LG Chem (South Korea)
10.3.    Enfucell Oy Ltd. (Finland)
10.4.    Blue Spark Technologies (US)
10.5.    Apple, Inc. (US)
10.6.    Panasonic (Japan)
10.7.    Ultralife Corporation (US)
10.8.    BrightVolt (US)
10.9.    Imprint Energy (US)
10.10.    Energy Diagnostics (UK)
10.11.    Jenax (South Korea)
10.12.    Ilika (UK)
10.13.    Cymbet (US)
10.14.    Energy Diagnostics (India)
10.15.    Jenax (South Korea)
10.16.    Prelonic Technologies (Austria)
10.17.    STMicroelectronics N.V. (Switzerland)

11.    Key Findings 

12.    Industry Recommendations

13.    Flexible Battery Market: Research Methodology

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