The growing investments in the development of wearable technologies and devices along with their rising are significantly boosting the revenue generation opportunities for flexible battery manufacturers. The focus on shifting towards miniaturized products coupled with the booming demand for consumer electronics are some of the key driving factors behind the flexible battery market. Furthermore, technological advancements in lithium-ion batteries will continue to bolster the growth of the flexible battery market during the forecast period. However, stringent government regulations regarding safety during battery operation is anticipated to hamper the market growth to some extent.
The flexible battery market has been segmented on the basis of type, chargeability, application, and geography. By, thin film flexible battery is anticipated to hold a significant market share on account of its wide application in various wearable devices, smart packaging, and other electronic goods. By application, consumer electronics are expected to grow at a substantial rate in the coming years owing to increasing technological advancements along with the rising demand for flexible and portable products.
Geographically, the flexible battery market is segmented as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. APAC is projected to witness the fastest regional market growth during the forecast period owing to the booming consumer electronics industry in countries like China, India, and South Korea along with a growing focus towards technological advancements.
• Increasing preference for flexible and portable products.
• Budding demand for consumer electronics.
• Stringent government regulations.
• In November 2017, Semtech and Imprint Energy announced a collaboration to accelerate the widespread deployment of Internet of Things (IoT) devices by designing and producing ultrathin, flexible printed batteries to power IoT devices integrated with Semtech’s LoRa Devices.
The major players profiled in the flexible battery market include Samsung SDI Co., Ltd, LG Chem, EnfuCell, Blue Spark Technologies, BrightVolt, Panasonic Corporation, Imprint Energy, and Jenax Inc.
The flexible battery market has been analyzed through the following segments:
• By Type
• By Chargeability
• By Application
o Wearable devices
o Consumer electronics
o Smart Cards
• By Geography
o North America
o South America
? United Kingdom
o Middle East and Africa
? Saudi Arabia
o Asia Pacific
? South Korea