Flexible Battery Market, By Type (Thin-film Batteries and Printed Batteries), By Voltage (Below 1.5V, Between 1.5V and 3V, and Above 3V), By Capacity (Below 10 mAh, Between 10 mAh and 100 mAh, and Above 100 mAh), By Chargeability (Primary Batteries and Secondary Batteries), By Application (Consumer Electronics, Smart Packaging, Smart Cards, Medical Devices, IoT Devices, and Others_STMicroelectronics, LG Chem, SAMSUNG SDI CO., LTD., Panasonic Corporation, ROCKET Poland Sp. z o.o., Enfucell, Imprint Energy, Energy Diagnostics., Jenax Inc., and Molex), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Apr 2023

Code : CMI4621

Pages :170

Formats :

Excel and PDF

Industry : Semiconductors

Market Challenges And Opportunities

The covid-19 pandemic has immensely damaged the global economy. In the COVID-19 scenario, manufacturing plants of of batteries and other components were shutdown, resulted the battery industry's supply chain has been influenced by the Covid-19 pandemic. The Asia Pacific region is where the majority of key battery components are produced. In addition, battery manufacturers are highly impacted by the shutdown of operations throughout the globe. It has also resulted in limited production leading to a serious decline in business inputs.

Global Flexible Battery Market Drivers:

Rise in demand for implantable medical devices and medical patches

Flexible batteries are featuring twisting, bending, compressing, and stretching without any effect on the output of the system. These characteristics of flexible batteries enable their widespread use in medical devices. Cosmetics patches powered by flexible batteries are employed to track and monitor as well as track the user’s heart, brain, and muscle activities. These patches diagnose and track people’s syndromes by providing and controlling the drug flow of the body. Flexible batteries powered medical implantable devices mostly used in pacemakers, neurostimulators, and defibrillators own to their long life span as well as the biocompatible nature of flexible batteries. The rise in demand for implantable medical devices and medical patches in medical applications will drive the demand for flexible batteries.

Global Flexible Battery Market Opportunities:

Adoption of flexible batteries in electronic devices

As the electronics industry has expanded, new technological developments have resulted in a variety of electronic device shapes and battery requirements. This has prompted the adoption of flexible batteries in electronic devices. Flexible batteries are being used more and more in the electronic sector due to their benefits including lightweight, comfort, portability, and resistance to form change even after repeated twisting or bending are the factors driving the deployment of flexible batteries

Restrains:

Design and fabrication complexities

The Li-ion paper-based batteries have the capability to keep a charge for more prolonged periods. Though, one of the drawbacks of these flexible Li-ion batteries is the necessity to have several functional layers that are deposited on the paper, it means that complexities into design as well as fabrication. Additionally, Electrode degradation because of inefficient performance,external loading, and the complicated procedure of preparing the cells are also challenges faced in using the flexible Li-ion batteries.