Thin-film Batteries Market Size to Grow by $ 1.32 bn through 2020-2024
Technavio research projects the thin-film batteries market to grow by $ 1.32 bn, accelerating at a CAGR of almost 26% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Thin-film Batteries Market: Key Market Driver
One of the primary factors that will trigger the growth of the thin-film batteries market size is increasing occurrences of hearing loss. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Thin-film Batteries Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Angstrom Engineering Inc., Blue Spark Technologies, BrightVolt, Cymbet Corp., Enfucell, Front Edge Technology, Inc., LG Chem, Molex LLC, NEC Corp., and SAMSUNG SDI CO. LTD. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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The global thin-film batteries market is expected to grow by USD 1.32 billion, accelerating at a CAGR of almost 26% during the forecast period. Techanvio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers that are likely to impact the market in focus. View our free sample report
Thin-film Batteries Market: Segmentation by End-user
The smart cards segment dominated the global thin-film batteries market in recent years. Cards and credentials technology has advanced exponentially since it first hit the market. Consumers and banks are concerned about the number of breaches that have compromised millions of credit cards. The magnetic strip technology used on most of the credit cards is static and unprotected; hence, it is an easy target for hackers and unscrupulous entities. Companies are enabling next-generation smart cards using Subthreshold Power Optimized Technology (SPOT) to ensure the safety of card transactions. The increasing urbanization worldwide will further propel the growth of this market segment as smart cards are predominantly an urban phenomenon. These factors will boost the thin-film batteries market during the forecast period.
Thin-film batteries are used in various types of smart cards, including credit/debit, pre-payment, and transit cards, secure student ids and employee badges, online authentication and tokens, and data storage and patient records. The use of smarts cards as contactless credit/debit cards, employee ID cards, patient ID cards at hospitals and other applications, increasing urbanization, and rising incidence of theft through credit card cloning are some of the factors that will fuel the growth of the thin-film batteries market.
Thin-film Batteries Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as thin film and printed battery market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Angstrom Engineering Inc., Blue Spark Technologies, BrightVolt, Cymbet Corp., Enfucell, Front Edge Technology, Inc., LG Chem, Molex LLC, NEC Corp., and SAMSUNG SDI CO. LTD. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
