The global secondary thin film battery market is estimated to grow at a significant CAGR during the forecast period. A thin-film battery is a type of solid-state battery. The potential of combining the benefits of solid-state batteries with the benefits of thin-film manufacturing methods has led to its development. Owing to the rising trend of product downsizing, as well as an increase in IoT implementation, thin-film batteries have been gaining significance in the current environment. Wearable technology, medical and cosmetics, packaging, and consumer electronics have seen technological development that is expected to drive the secondary thin-film battery.
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Wearable device applications are expanding from consumer electronics and healthcare to wireless communication devices, and new product launches and advancements are bringing more product innovation. Printed thin-film batteries can provide the great flexibility and ultra-thin design that these devices demand. Fitbit’s year-end sales were $1.4 billion, and the firm sold roughly 16 million smart fitness gadgets, according to the company. Thin-film batteries have a diversity of uses in the wearable devices industry. Thus, the increase in demand for smart wearable electronics is expected to drive the adoption of secondary thin-film batteries.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Secondary Thin Film Battery Market Segmentation
- By Type
o Below 10 mAh
o Between 10 mAh and 100 mAh
o Above 100 mAh)
- By Application
o Consumer Electronics
o Smart Packaging
o Smart Cards
o Medical Devices
o Wireless Sensors
o Others
Global Secondary Thin Film Battery Market is Segmented by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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