The micro battery market is estimated to grow at a CAGR 29.18% rate during the forecast period. The growth of this market will be propelled by growth in the adoption of wearable devices, inherent advantages of micro batteries, need for compact batteries in medical devices, and increasing demand for thin and flexible batteries in IoT devices.
Film battery expected to grow at a high rate during the forecast period. The report covers the micro battery market segmented by type, capacity, rechargeability, application, and geographic region. Based on type, the thin film battery segment is expected to hold the largest share of the market by 2025. Thin film batteries are manufactured using all solid-state materials and inorganic glass electrolytes due to which these batteries are intrinsically safer compared to conventional batteries present in the solid state.
10 mAh and 100 mAh capacity batteries expected to have the highest CAGR during the forecast period. They are of both thin film and printed battery types. They are majorly used in applications such as smart cards, skin patches, wearable devices, medical devices, and e-textiles.
Smart cards application to account for the largest market share during the forecast period. A smart card, which is also known as a power card, requires a self-contained power source. The micro battery integrated with the smart card is usually disposed of along with the smart card at the end of its lifespan.
APAC expected to hold the largest share of the micro battery market in 2018. Technology advancements in smart packaging (such as the use of printed RFID tags and smart labels in packages), as well as the adoption of medical devices, mainly pacemakers, drug delivery systems, and medical patches, which require lightweight, flexible, and safe power sources, are fueling the market growth of micro batteries in the APAC region.
Key Market Players includes Cymbet Corporation (US), STMicroelectronics N.V. (Switzerland), Samsung SDI Co., Ltd. (South Korea), Enfucell Oy Ltd. (Finland), BrightVolt Inc. (US), Power Paper Ltd. (Israel), ProLogium Technology Co., Ltd. (Taiwan), Front Edge Technology, Inc. (US), PolyPlus Battery Co. Inc. (US), Panasonic Corporation (Japan), TDK Corporation (Japan), Blue Spark Technologies, Inc. (US), NEC Energy Solutions Inc. (US), Jenax Inc. (South Korea), Ultralife Corporation (US), and Molex (US)
Key Questions Addressed by the Report
· Will suppliers continue to explore new avenues for the micro battery?
· What are the adjacencies that companies can leverage or explore?
· Is there a threat from substitute products?
· Where will all the developments take the industry in the mid-to-long term?
· Most suppliers adopt agreements, partnerships, contracts, and collaborations as key growth strategies (as seen from their recent developments); where will these take the industry in the mid-to-long term?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1.Inherent Advantages of Micro Batteries
3.1.2.Growth in the Adoption of Wearable Devices
3.1.3.Need for Compact Batteries in Medical Devices
3.1.4.Demand for Thin and Flexible Batteries in IoT Devices
3.2.1.Technical Inabilities of Micro Batteries
3.2.2.High Capital Investment
3.2.3.Lack of Standardization in the Development of Micro Batteries
3.2.4.Complex Design Process
3.2.5.High Competition From Conventional Battery Technologies
3.3.1.Complex Design Process
3.3.2.High Competition From Conventional Battery Technologies
4. Executive Summary
5. Micro Battery Market, By Type
5.1. Thin film battery
5.2. Printed battery
5.3. Solid state chip battery
6. Micro Battery Market, By Rechargeability
6.1. Primary battery
6.2. Secondary battery
7. Micro Battery Market, By Capacity
7.1. Less than 10mAh
7.2. 10 to 100 mAh
7.3. More than 100 mAh
8. Micro Battery Market, By Application
8.1. Consumer electronics
8.2. Medical devices
8.3. Smart packaging
8.4. Smart cards
8.5. Wearable devices
8.6. Wireless sensor nodes
9. Micro Battery Market, By Region
9.1. North America
9.2.5.Rest of Europe
9.3. Asia Pacific
9.3.4.Rest of APAC
9.4. Rest of the World
9.4.2.Middle East and Africa
10. Company Profiles
10.1. Leading Companies in Micro Battery Market
10.1.4. Samsung SDI
10.1.6. Front Edge Technology
10.1.7. Power Paper
10.1.9. Imprint Energy
10.2. Other Companies in Micro Battery Market
*Company introduction, financial information, recent developments, SWOT analysis
11. Conclusion and Recommendations
12.2. Related Reports