Flexible Battery Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Flexible batteries, as the name suggests, are flexible and conformal such that they can easily fix in a small area and angle. They can be either rechargeable or single-use. Their design provides significant benefits over their counterparts in terms of performance and form factor. These batteries find application in smart cards, consumer electronics, wearable devices, and medical devices. The global market for flexible batteries is at its nascent stage and is anticipated to expand at a healthy pace owing to the extensive research and development activities and growing investments from several blue chip players.
Innovation and rapid technological advancements taking place to enhance the form factor and overall battery life are providing a fillip to the market. Moreover, the rising penetration of Internet of Things (IoT) based devices is likely to translate into the greater uptake of flexible batteries. However, the presence of low-cost substitutes such as lithium-ion, nickel, and zinc batteries is restricting the global flexible battery market from realizing its utmost potential.
Companies in the global flexible battery market are focusing towards new product development and economy of scale to attain sustainable growth. The tremendous potential of the market is attracting new players to foray into the market. However, due to the high initial capital requirements, the rate of penetration of large players in the flexible battery market is higher. The entry of players such as Apple, Samsung, and LG in the market is expected to stimulate the adoption of flexible batteries in consumer electronics.
The global flexible battery market is anticipated to witness strong growth in the next few years. The rising demand for flexible and thin battery from Internet of Things is considered to create promising opportunities for market players, thus fuelling market growth. In addition, the implementation of flexible lithium air batteries in the advanced wearable electronics is expected to encourage the growth of the market in the near future.
The research study on the global flexible battery provides a comprehensive analysis, focusing on the market dynamics that are likely to impact the growth in the next few years. The technological developments, latest trends, and the limitations in the market have been highlighted in the research study. Moreover, the competitive scenario of the global flexible battery market has been included in the study.
The rising emphasis of leading players on miniaturization of electronic devices and the rising demand for wearable electronics are some of the key players anticipated to fuel the global flexible battery market in the next few years. In addition, the growing demand for flexible and thin batteries from the electronic devices industry is expected to encourage the growth of the global flexible battery market throughout the forecast period.
On the flip side, the need for high initial investment and the lack of standardization in the market are considered to restrict the growth of the global flexible battery market in the coming years. Moreover, the creation of flexible lithium ion batteries and the unavailability of material, which is likely to offer sufficient power supply are projected to as major challenges for players operating in the global market.
The global market for flexible batteries can be categorized on the basis of geography in order to offer a strong understanding of the overall market. The key segments of the global market include the Middle East and Africa, Asia Pacific, North America, Latin America, and Europe. Among these, North America is likely to witness strong growth throughout the forecast period. The increasing popularity of wearable electronics in developed economies is one of the key factors anticipated to supplement the growth of the North America flexible battery market in the next few years.
On the contrary, Asia Pacific is projected to register a progressive growth rate in the forecast period. The growing demand from China and India, owing to the increasing number of consumer electronics production units is predicted to contribute towards the development of Asia Pacific market. The growing focus of key players on technological developments in the consumer electronics and smart packaging sectors and the rising demand for wearable devices are boosting the demand for flexible battery in Asia Pacific market for flexible batteries.
The global market for flexible batteries is extremely competitive in nature and is predicted to witness an entry of a large number of players throughout the forecast period. Some of the key players operating in the global market are Cymbet Corporation, LG Chem Ltd., Blue Spark Technologies, Inc., Brightvolt Inc., NEC Energy Solutions Inc., Solicore Inc., Samsung sdi Co., Ltd, Ultralife Corp., STMicroelectronics, Apple Inc., Panasonic Corp., Nokia Technologies, Front Edge Technology, Inc, and Enfucell OY Ltd.
The research study has offered a detailed overview of the competitive landscape of the global flexible battery market. Additionally, the profiles of the leading players, along with their inception details, financial status, and SWOT analysis have been provided in the research report. The recent developments, strategic collaborations, and mergers and acquisitions in the global flexible battery market have been discussed in the scope of the study.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
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