Pune, Maharashtra -- (SBWIRE) -- 10/11/2022 -- Flexible Battery Market Overview & Scope:

Flexible batteries are made to be used in a variety of electronic devices, including toys, smart cards, sensors, and others. Due to the limited space for their installation, compact and tiny-sized electronic equipment require small, stretchable, and flexible batteries. The majority of electronic goods require a power source, which should be light, adaptable, and suitable for the design requirements. These batteries must be produced using low-cost mass production techniques. Numerous efforts have been made to adapt traditional batteries like lithium-ion and zinc-carbon, while at the same time, new materials like those based on nanoparticle systems are being promoted for flexible battery and supercapacitor electrodes.

As per the recent market research report published by the SNS Insider, the flexible battery market is anticipated to cross reach USD 571 million in 2028, with a CAGR of 24.1% over the forecast period of 2022–2028.

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Drivers, Restraints, Opportunities, and Challenges

The main drivers propelling the worldwide flexible battery market are the expanding development of miniaturized flexible and portable items with limited space and the requirement for thin and flexible power sources to complement the design of flexible miniature electronic devices. Additionally, the industry is expanding as a result of the expanding use of a number of smart wearable technologies as well as the simple accessibility of skilled labour and raw materials. Significant firms' expanding R&D efforts are also contributing to the market's expansion.

However, the development of tiny and flexible batteries for the Internet of Things and wearable electronics devices are creating enormous market prospects. Flexible batteries have several benefits, however certain constraints limit and hinder market expansion. The flexible battery market's expansion is being hampered by the high investment requirements and the absence of adequate standards for improving flexible batteries.

Impact of the COVID-19 Pandemic

The global flexible battery market has been significantly affected by the Covid-19. The implementation of nationwide lockdowns to stop the spread of SARS-CoV-2 had a direct impact on the development of industrial sectors. The complete halting of flexible battery production further alarmed the whole supply chain. As a result of numerous limitations, battery prices have substantially grown. As a result, the Covid-19 epidemic is seriously affecting flexible batteries all around the world, reducing investments and possibly slowing industry growth.

Flexible Battery Market Segmentation Analysis

The thin-film battery segment is anticipated to see the highest CAGR during the projection period. Compared to bulky solid-state batteries, these batteries offer great performance, output voltage that is higher than normal, and moderate electrolyte leakage concerns.

During the forecast period, the battery capacity between 10 mAh and 100 mAh is anticipated to hold the biggest market share. These battery capacity increase the flexibility of next-generation electronics due to their high energy density, low internal resistance, and stability even when bent.

Major Segments and Sub-Segment of Flexible Battery Market are Listed Below:

BY TYPE:
- Thin-film Batteries
- Printed Batteries

BY APPLICATION:
- Consumer Electronics
- Smart Packaging
- Smart Cards
- Medical Devices
- Wireless Sensors
- Others

BY CAPACITY:
- Below 10 mAh
- Between 10 mAh and 100 mAh
- Above 100 mAh

BY RECHARGEABILITY:
- Primary
- secondary

BY VOLTAGE:
- below 1.5V
- between 1.5V and 3V
- above 3V

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Regional Analysis

Asia Pacific will likely follow North America as the worldwide market leader. The high pace of emerging technology adoption in various areas can be credited with this. Over the forecast period, the Europe market is anticipated to grow moderately. As these technologies are widely used, it has been reported that the smart card and RFID end-use segments controlled the flexible battery industry. Over the projection period, the transportation sector's widespread implementation of smart card technology will further fuel flexible battery market expansion.

Competitive Landscape Outlook

Some of the prominent companies present in the flexible battery market include Apple Inc., BrightVolt, Blue Spark Technologies, Rocket Electric, Samsung SDI, Ultralife Corporation, Paper Battery Co. Inc., Enfucell Oy Ltd, Brightvolt Inc., Jenax, Panasonic, Imprint Energy, LG Chem, Energy Diagnostics, and Fullriver Battery New Technology Co. Ltd.

Table of Contents - Major Key Points

1. Introduction

2. Research Methodology

3. Market Dynamics

4. Impact Analysis

5. Value Chain Analysis

6. Porter's 5 Forces Model

7. PEST Analysis

8. Global Flexible Battery Market Segmentation, By Type

9. Global Flexible Battery Market Segmentation, By Application

10. Global Flexible Battery Market Segmentation, By Capacity

11. Global Flexible Battery Market Segmentation, By Rechargeability

12. Global Flexible Battery Market Segmentation, By Voltage

13. Regional Analysis

14. Company Profiles

15. Competitive Landscape

16. Conclusion

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