Batteries For Semiconductor Market Size, Share, Opportunities, And Trends By Type (Lithium-Ion Battery, Nickel-Metal Hydride, Lithium-Ion Polymer, Sodium-Ion Battery), By Application (Laptops, Mobile Phones, Wearable Devices, Digital Camera, Electric Vehicles, Others), And By Geography - Forecasts From 2023 To 2028

The batteries for semiconductor market is projected to grow strongly during the forecast period

Batteries are electrical energy storage devices that transform chemical power into electrical energy using electrochemical cells. They are used in a variety of products, such as computers, mobile phones, digital cameras, and other gadgets, and have significant future market growth potential.

The batteries for semiconductor market share is rising due to the increasing use by electronic device makers as well as the rising popularity of portable electronic devices is increasing. To fulfill crucial requirements for portable systems including reduced size, lower weight, and heat dissipation, semiconductor devices connected to power management features have grown more application-specific. Development in power semiconductor devices and high voltage IC keeps fueling rapid change with increased innovation in portable products.

Rising demand for portable electronic devices.

The batteries for semiconductor market is being pushed by an increase in the number of companies making end-use electronic devices as well as an increase in the demand for portable electronics. To fulfill crucial requirements for portable systems including reduced size, lower weight, and heat dissipation, semiconductor devices connected to power management features have grown more application-specific. Along with rising innovation in portable products, advancements in high-voltage ICs and power semiconductor devices also continue to propel rapid expansion. Further, the proliferation of charging stations in urban areas throughout industrialized nations is a clear indicator of the popularity of electric vehicles.

High cost of battery

Batteries can significantly affect the price of semiconductor devices. The price of manufacturing high-performance batteries, such as lithium-ion batteries, may increase the overall cost of the gadget. It is difficult to estimate battery pricing since materials used in batteries, like lithium and cobalt, might shift in price. This constrains the growth of the market.

Risk of explosive batteries

Further, if batteries are not created and used properly, they are prone to overheating and explosion. Due to safety considerations, batteries can only be of specific types in semiconductor devices, especially when large power densities are required. Batteries also include elements like lithium and cobalt that could be hazardous and that, if not disposed of appropriately, could harm the environment. However, despite the increase in charging stations, battery life continues to be a concern for many electric car drivers and manufacturers, leading to the high adoption of semiconductor innovations in electric vehicles. These chips, which are made from precious metals, power the systems that store and apply firmware updates. Batteries can have a substantial negative impact on the environment during both production and disposal, which hinders the batteries for semiconductor market size.

Increased demand for lithium-ion battery segment

The lithium-ion battery segment of batteries for semiconductor market share is anticipated to have the highest demand due to its widespread use in mobile devices such as smartphones, laptops, tablets, wearable technologies, and other household appliances. Lithium-ion batteries are also used in a lot of industrial machinery and portable electronics. The energy efficiency of these batteries has increased because of the adoption of novel anode materials, and they are simple to adapt to different needs. For instance, a well-known manufacturer of semiconductors, Infineon Technologies AG, offers the TLE9252V, a 14 and 8-pin automotive transmitter with a configurable data rate of up to 5 Mbit/s for HS CAN networks in automotive applications. This gives lithium-ion batteries in electric vehicles a dual power supply and gives the cars a high energy density.

Asia Pacific is projected to be the prominent market shareholder

Asia-Pacific is expected to hold the highest market share for batteries for semiconductor market during the forecast period, with China and India expected to be important investment hotspots for battery businesses due to the increasing government policy support during the forecast period. For instance, in April 2023, the Japanese Ministry of Economy, Trade and Industry provided Honda Motor and other businesses up to 240 billion yen ($1.79 billion) in subsidies to help them create storage batteries and semiconductor products, which the government has deemed to be strategically important goods. The automobile manufacturer Honda also announced the collaboration with battery producer GS Yuasa to create and mass-produce batteries for electric car production at factories in Japan

Market Key Developments

• In March 2023, VARTA launched the new VARTA EasyBlade battery pack at the international intralogistics trade show in Stuttgart. This battery pack was created for automated guided vehicles, autonomous moving robots, and material handling systems.
• In February 2022, With the addition of two new products to the line of tough, energy-dense batteries, Ultralife Corporation expanded its ER Generation X family of Lithium Thionyl Chloride (LiSOCl2) batteries for critical applications. In addition to the high-rate UHR-ER18505-X A size spiral cell for more powerful applications (such as radio communications and cellular transmission), the new additions include the low-rate UHE-ER14250-X 1/2AA size bobbin cell for tracking assets and other uses.
• In February 2022, Toyota announced an investment of $5.6 billion to boost the manufacturing of EV batteries. The US and Japanese governments will each contribute to the investment, which will be used to increase the North Carolina plant's production capacity. As part of the program, Toyota plans to enhance its global battery availability by up to 40 gigawatt hours.
• In January 2022, the introduction of a cutting-edge 20Ah-HP rechargeable lithium-ion battery cell, which provides high energy and high power at the same time, has increased Toshiba Corporation's SCiBTM product line, which is committed to promoting carbon neutrality through its technologies, products, and services. The market wants batteries that give both high energy and high-power characteristics, rechargeable lithium-ion batteries have had to make a compromise in order to achieve this. Toshiba created a novel cell that successfully combines the benefits of both high-energy and high-power products by leveraging its expertise in these areas.

Batteries For Semiconductor Market Scope:

Segmentation:

• By Type
  • Lithium-Ion Battery
  • Nickel-Metal Hydride
  • Lithium-Ion Polymer
  • Sodium-Ion Battery
• By Application
  • Laptops
  • Mobile Phones
  • Wearable Devices
  • Digital Camera
  • Electric Vehicles
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others