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Thin-film Batteries Market to increase by USD 2.58 billion between 2022 to 2027; The proliferation of IoT devices has driven the demand for thin-film batteries- TechnavioNEW YORK, Jan. 15, 2024 /PRNewswire/ -- The thin-film batteries market size is expected to grow by USD 2.58 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 26% during the forecast period. North America will account for 40% of the market growth. The smart wearables segment will be significant during the forecast period. To find a preview of the market overviews, market drivers, opportunities, and potentials request a free sample report
Thin-film Batteries Market 2023-2027: Company Analysis The thin-film batteries market is fragmented due to the presence of many global and regional players. The market comprises category-focused, industry-focused, and diversified vendors. The global off-grid thin-film batteries market is expected to grow rapidly during the forecast period due to the Increasing occurrences of hearing loss. Hence, the competition among companies is expected to intensify during the forecast. The report analyzes the market's competitive landscape and offers information on several market companies. Angstrom Engineering Inc., Avery Dennison Corp., Coreshell Technologies, Cymbet Corp., EIT InnoEnergy SE, Enfucell, Fujitsu Ltd., Imprint Energy, Jenax Inc., Koch Industries Inc., Kurt J Lesker Co., LG Corp., RRC power solutions GmbH, Samsung Electronics Co. Ltd., Shenzhen Grepow Battery Co. Ltd., Soleras Advanced Coatings BV, STMicroelectronics NV, The Swatch Group Ltd., and Ultralife Corp. Market Dynamics Key Driver - The proliferation of IoT devices has driven the demand for thin-film batteries, steering the global market's expansion. Companies like Enfucell, Cymbet Corporation, Blue Spark Technologies, STMicroelectronics, and others have contributed significantly to this growth. These advanced batteries, offered by industry leaders such as Infinite Power Solutions, Front Edge Technology, Ilika Technologies, Excellatron Solid State, BrightVolt, and Solid Power, cater to the IoT sector's specific power needs, spurring the market's upward trajectory. Leading trend - The rise in cardiovascular ailments significantly influences the trajectory of the global thin-film battery market. This trend aligns with innovations in battery technology, especially in ultrathin batteries and long-lasting energy cells, crucial for portable devices and IoT power solutions. As demand rises for thin-film power generation andstorage, companies investing in advanced battery materials and future battery technologies, such as electronic device power, are shaping the market's evolution. Significant Challenge - The substantial challenge hindering the global thin-film batteries market lies in its high manufacturing cost. This challenge affects the broader spectrum of the microbattery market, flexible battery solutions, and energy storage innovations. While developments in printed electronics and solid-state battery technology continue, the thin-film energy devices sector faces constraints due to the elevated costs. This predicament impacts miniature power sources, wearable electronics power, and the overall thin-film battery industry's growth prospects. Major Companies and Key Offerings: Angstrom Engineering Inc.: The company offers thin film battery solutions such as Physical Vapor Deposition systems and Chemical Vapor Deposition systems. Also, the company under this product line offers PVD platforms, systems for specialized processes, space and environmental simulation chambers, glove boxes, and accessories. Thin-film Batteries Market 2023-2027: Segmentation Analysis By End-user
By Geography
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Related Reports: The light vehicle batteries market size is expected to increase by USD 34.06 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.72%. The Marine Powerboats Batteries Market size is estimated to grow at a CAGR of 8.6% between 2023 and 2027. The market size is forecast to increase by USD 1,826.66 million. ToC: Executive Summary Market Landscape Market Sizing Historic Market Sizes Five Forces Analysis Market Segmentation by End-user Market Segmentation by Battery Type Market Segmentation by Geography Customer Landscape Geographic Landscape Drivers, Challenges, & Trends Company Landscape Company Analysis Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research
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