Segments - Printed Battery Market by End-users (Consumer Applications [Medical Applications and Novelty Products], Commercial Applications [Active Smart Cards, Smart Packaging, and Retail & Electronic Shelf Labeling], and Industrial Applications [Semiconductor Applications, Wireless Sensors, and Energy Harvesting]) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global printed battery market size was USD 145.87 Mn in 2022 and is likely to reach USD 1.36 Bn by 2031, expanding at a CAGR of 28.2% during 2023–2031. The growth of the market is attributed to the easy integration of these batteries into advance electrical equipments.
Printed batteries are one of the most vital component of printed electronics, which makes use of a variety of active constituents derived from solution-based inks. Printing techniques, such as dip or blade coating, stencil, spray printing, screen, and dispenser are used to deposit these inks beneath a substrate.
The batteries are sustainable and environment friendly, thus it reduces material waste and less sophisticated fabrication techniques enables faster production. There are different types of printed batteries available in the market, such as rechargeable and disposable batteries. Lithium iron phosphate and lithium titanate are two frequently used cathode and anode materials in printed batteries. Printed batteries offers benefits in short lifespan and low power source applications, including RFID tags, electronic wearable devices, and medical implants.
The COVID-19 pandemic outbreak had considerable impact on the market. During the pandemic, the lockdown imposed by government bodies across the globe resulted in halted manufacturing of goods that utilizes these batteries, which affected the demand of printed batteries. However, increase in medical equipments manufacturing, such as temperature patches used for continuous monitoring of temperature in the patients infected with Corona virus, accelerated the demand of printed batteries.
Growing use of printed batteries in the electronic wearable devices and Internet of Things technology is one of the key factors driving the market growth.
Increasing adoption of these batteries by end-users owing to low cost, easy production, and greater form factor flexibility is projected to boost the market during the forecast period.
Existing complexities in the fabrication process of printed batteries acts as a major challenge that can restrict the market growth in the coming years.
Rising budget constraints, high investment cost, and diversified requirements is expected to hamper the market growth during the projected timeline.
Increasing investment by key players for development of printed batteries using 3D printing technologies for improved stability, security, and capability is anticipated to create significant growth opportunities for the market.
The report on the global printed battery market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Printed Battery Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
End-users ([Consumer Applications [Medical Applications and Novelty Products], Commercial Applications [Active Smart Cards, Smart Packaging, and Retail & Electronic Shelf Labeling], and Industrial Applications [Semiconductor Applications, Wireless Sensors, and Energy Harvesting]) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Applied Materials, Inc.; Enfucell OY; GS Nanotech; Sony Group Corp.; Ulvac, Inc.; Apple Inc.; Blue Spark Technologies; FlexEI; Samsung Electronics Co., Ltd.; and Thin Film Electronics Japan Co., Ltd. |
On the basis of end-users, the market is divided into consumer applications, commercial applications, and industrial applications. The consumer applications segment is further bifurcated into medical applications and novelty products.
The commercial applications segment is sub-categorized as active smart cards, smart packaging, and retail & electronic shelf labeling; while the industrial applications segment consists of semiconductor applications, wireless sensors, and energy harvesting. The consumer application segment is expected to grow at a rapid pace during the forecast period attributed to increasing adoption of printed batteries in this applications as the batteries are more flexible, lightweight, and compact in size.
In terms of region, the global printed battery market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the early adoption of technology and presence of key global market players in the region. However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to rising number of manufacturers and growing technological and infrastructural advancements in the region.
The global printed battery market has been segmented on the basis of
Key players competing in the global printed battery market are Applied Materials, Inc.; Enfucell OY; GS Nanotech; Sony Group Corp.; Ulvac, Inc.; Apple Inc.; Blue Spark Technologies; FlexEI; Samsung Electronics Co., Ltd.; and Thin Film Electronics Japan Co., Ltd.
Companies are focusing on investments in R&D sector for advancements in AR gaming market to maintain their competitive position in the market. Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.
For instance, in May 2019, Southwest Electronic Energy a US based advanced battery solutions provider was acquired by Ultralife Corporation, for USD 25 million. This acquisition was aimed to improve the present portfolio of charger technologies and battery of Ultralife Corporation and extended its technical proficiency to new industry segments.