About Flexible Battery
Flexible battery are basically secondary and primary battery which are mainly designed to be flexible and conformal. Flexible has numerous advantages as compared to other battery such as single-use chargeability options, high energy density, good flexibility, improved power efficiency coupled with elongated battery life. Increasing usage of Flexible battery in various application such as Wearable electronics, Consumer electronics, Packaging and transportation, among others are likely to be a prime driver for the global flexible battery market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
CAGR | 28.5% |
The market appears to be highly fragmented and with the presence of several companies including Apple Inc. (United States), Blue Spark Technologies, Inc. (United States), Brightvolt Inc. (United States), among others Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Flexible Battery market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Apple Inc. (United States), Blue Spark Technologies, Inc. (United States), Brightvolt Inc. (United States), Enfucell Oy (Finland), LG Chem Ltd. (South Korea), NEC Energy Solutions Inc. (United States), Panasonic Corporation (Japan), Samsung SDI Co. Ltd. (South Korea), ST Microelectronics N.V. (Switzerland) and Ultralife Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Nokia Technologies and STMicroelectronics (France).
Segmentation Overview
AMA Research has segmented the market of Global Flexible Battery market by Type (Laminar Lithium Polymer Batteries, Thin Film Batteries and Printed Batteries, Flexible Zinc -carbon Batteries and Advanced Lithium-ion Batteries), Application (Wearable Electronics, Consumer Electronics, Packaging and Transportation, Medical, Healthcare & Cosmetics, Networks and Others) and Region.
On the basis of application, Wearable Electronics segment is dominating the market in the year 2021On the basis of geography, the market of Flexible Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Chargeability, the sub-segment i.e. Chargeable Flexible Batteries will boost the Flexible Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Electrically Conductive will boost the Flexible Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Consumer Electronics will boost the Flexible Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing R&D Efforts in these Battery by Numerous Manufactures Company Such as IBM, Exxon Mobil Corp, and others
Market Growth Drivers:
The Increasing Use of Flexible Primary and Secondary Batteries in Various Device Such as Wearable Devices, Smartphones, Consumer Electronics Devices and Others and Various Technological Advancement in the Portable Electronics Field
Challenges:
Issue related to High product cost of Flexible Battery Products
Restraints:
Issue Related To High-Cost Associated with These Batteries and the Availability of Low-Cost Substitute Batteries Such as Zinc, Nickel Batteries, Lithium-Ion and Others
Opportunities:
Growing Demand from Emerging Market Such as China, India, Brazil, among others
Market Leaders and their expansionary development strategies
In October 2023, StoreDot signed a strategic partnership agreement with Flex|N|Gate, a leading global automotive component manufacturer. This landmark agreement will see both companies collaborate to sample and scale up the commercialization of StoreDot's game-changing extreme fast charging battery cells for electric vehicles.
In June 2023, CEST – Forsee Power launched FLEX PLUS, a new high value-added battery system, to equip heavy electric vehicles (buses, trucks, off-highway vehicles). This new FLEX PLUS battery pack completes the PLUS format product family, already including ZEN PLUS, a high-energy battery system
Key Target Audience
Manufacturers of Flexible Battery, Suppliers of Flexible Battery, Wholesalers, distributors and retailers of Flexible Battery, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.