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The global thin film battery market is expected to reach USD 1.72 billion by 2025NEW YORK, Nov. 1, 2017 /PRNewswire/ -- Thin Film Battery Market Analysis By Battery type (Disposable, Rechargeable), By Voltage (Below 1.5V, 1.5V to 3V, Above 3V), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2014 - 2025 The smart cards and medical segment are expected to collectively account for 28.7% of the global market share in 2025. Extensive R&D in the global battery industry on account of changing needs from various end-use industries has propelled the development of novel battery, which outperform conventional battery in terms of their performance and durability. North America was the leading region due to rapid adoption of wearable technology by the people. The consumer is demanding electronics devices which are easy to carry around, which means it should be small in size and light in weight. The availability of a variety of thin film battery options and ability of customization is leading to the expansion of the overall market in this region. Further key findings from the report suggest: • The market is expected to grow at a CAGR of 27.4% from 2017 to 2025 on account of increasing adoption of wearable technology around the world • Wearable devices will witness fastest growth in terms of revenue at a CAGR of 29.2% from 2017 to 2025 owing to extensive introduction of innovative players • Asia Pacific market is expected to witness significant development and was valued at USD 42.6 million in 2016 on account of growing electronics manufacturing industry • Key participants include Blue Spark Tech, BrightVolt, Enfucell Oy, ST Microelectronics, Cymbet, Imprint Energy, Ilika PLC, LG Chem, Jenax Inc. and others. These companies are focused on increasing their market share by introducing innovative products. Read the full report: https://www.reportlinker.com/p05171125 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. https://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/the-global-thin-film-battery-market-is-expected-to-reach-usd-172-billion-by-2025-300547696.html SOURCE Reportlinker |