Flexible Batteries Market - Snapshot

A flexible battery comprises a cell stack composed of multiple unit cells and an external casing for sealing the cell stack. Each of the multiple unit cells is composed of a positive electrode, a negative electrode, and an electrolyte layer positioned between the negative electrode and the positive electrode. These micro-components are usually mounted on flexible substrates such as metal foils, polymer films, paper sheets, or rubber surfaces. Such flexible substrates offer the potential to produce battery products that bend and stretch, providing a wider range of battery designs and applications for energy storage devices. The global flexible batteries market is expected to expand at a significant pace during the forecast period, driven by growing awareness and increasing utilization of wearable electronic devices. The global flexible batteries market was valued at around US$ 250.0 Mn in 2017 and is anticipated to expand at a CAGR of around 30.0% between 2018 and 2026.

global flexible battery market

Flexible batteries are stretchable, bendable, and lightweight in nature and easy to use in intricate products with limited internal space. These batteries are widely used in wearable electronic devices such as smart glasses, smart watches, fitness bands, smart video/photo devices, and smart textiles, due to their characteristics. As the flexibility feature enables the battery to be folded, rolled, cut, and adapted to complement any shape of the product, the demand for flexible batteries is expected to increase in electronic applications in the near future. IoT devices are likely to require battery attributes such as re-chargeability with high-storage capacity and wireless connection to external power supplies in the near future. Wearable electronic devices powered by an IoT medium are gaining popularity, as they have features such as instant interoperability, profile management, data collection, notifications, and security. Increase in the rate of adoption IoT-enabled wearable electronic devices for monitoring, diagnosing, gauging, navigating, and tracking applications is anticipated to boost the demand for flexible batteries in the next few years.

Flexible batteries sustain large strain deformations including bending, twisting, stretching, and compressing, without any effect on the output of the system. These properties of flexible batteries enable their widespread use in health care and medical applications. Medical and cosmetic patches powered by flexible batteries are employed to monitor and track the user’s brain, heart and muscle activities. Simultaneously, these patches diagnose and treat the user’s syndromes by delivering and controlling the drug flow to the body. Flexible battery-powered medical implantable devices are used in pacemakers, defibrillators, and neuro-stimulators, owing to long life span and biocompatible nature of flexible batteries. Increasing demand for medical patches and implantable medical devices in health care applications is augmenting the demand for flexible batteries.

Asia Pacific is a significant region of the global flexible batteries market. The market in the region is anticipated to expand at a rapid pace during the forecast period. Technologically advanced countries such as China, Japan, and South Korea dominate the global electronics industry. Presence of large OEMs, electronic component manufacturers, and electronic device assemblers in these economies is projected to drive the flexible batteries market in Asia Pacific in the next few years. Furthermore, relocation and expansion of manufacturing and assembling plants for electronic devices from the western hemisphere to East Asia is likely to augment the demand for flexible batteries in Asia Pacific in the near future. Ease in availability of raw materials and competent labor pricing are projected to propel the global flexible batteries market during the forecast period. North America and Europe hold a substantial share of the global flexible batteries market. Ongoing research and development of the manufacturing technology of flexible batteries is expected to fuel the market in North America and Europe during the forecast period. 

Major players operating in the global flexible batteries market are Apple Inc., Blue Spark Technology, Brightvolt Inc., Enfucell Oy, LG Chem Ltd., NEC Energy Solutions Inc., Panasonic Corporation, Samsung SDI Co. Ltd., ST Microelectronics N.V., and Ultralife Corporation. Key players in the flexible batteries market are engaged in product development and innovation. These players are focused on introducing new and advanced materials in flexible batteries and diversify their portfolio in order to gain market share.

Flexible Batteries Market - Overview

This report focuses on study of the market for flexible batteries at the global and regional levels. It analyzes and forecasts the market based on revenue (US$ Mn) and volume (million units) from 2018 to 2026. The market has been forecast based on historical trends, drivers, restraints, and opportunities as well as developments by stakeholders across the value chain.

The study provides a decisive view of the global flexible batteries market by segmenting it in terms of product, chargeability, material, and end-user. These segments have been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand for flexible batteries in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study encompasses market attractiveness analysis, wherein segments have been benchmarked based on their market size, growth rate, and attractiveness. The report also covers individual product, chargeability, material, and end-user segments across all regions. Key players operating in the global flexible batteries market are Apple Inc., Blue Spark Technology, Brightvolt Inc., Enfucell Oy, LG Chem Ltd., NEC Energy Solutions Inc., Panasonic Corporation, Samsung SDI Co. Ltd., ST Microelectronics N.V., and Ultralife Corporation. Market players have been profiled in terms of critical aspects such as company overview, business overview, recent developments, SWOT analysis, and strategic overview.

The report offers the estimated market size of the global flexible batteries market for 2017 and the forecast for the next nine years. The size of the global market has been provided in terms of revenue and volume. Market numbers have been estimated based on product, chargeability, material, and end-user segments. Market size and forecast for each product, chargeability, material, and end-user segment have been provided in terms of the global and regional markets.

In order to compile the research report, in-depth interviews and discussions have been conducted with several key market participants and opinion leaders. Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Key players’ annual reports, press releases, and relevant documents have been reviewed for competition analysis and market understanding. Secondary research also includes search of recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proved to be a highly reliable, effective, and successful approach for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

Global Flexible Batteries Market, by Product

  • Laminar Lithium Polymer Batteries
  • Thin Film Batteries & Printed Batteries
  • Flexible Zinc–carbon Batteries
  • Advanced Lithium-ion Batteries

Global Flexible Batteries Market, by Chargeability

  • Chargeable Flexible Batteries
  • Single-use Flexible Batteries

Global Flexible Batteries Market, by Material

  • Electrically Conductive Materials
    • Carbon Nanotubes (CNT)
    • Graphene
    • Carbon Nanofibers (CNF)
    • Aluminum Foils
    • Copper Foils
    • Others
  • Ionically Conductive Materials
    • Gel Electrolytes
    • Solid Electrolytes
    • Liquid Electrolytes

Global Flexible Batteries Market, by End-user

  • Consumer Electronics
    • Flexible Displays
    • Wearable Devices
    • Interactive Media and Toys & Games
    • Smart Cards
  • Health Care
    • Cosmetic and Medical Patches
    • Implantable Medical Devices
    • Medical Sensors & Medical Diagnostic Devices
  • Smart Packaging
  • Transportation & Logistics
  • Others

Global Flexible Batteries Market, by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Takeaways

  • A comprehensive analysis of trends in the flexible batteries market from 2017 to 2026 to identify growth opportunities and analyze market developments
  • A list of dynamic factors useful for building a roadmap of upcoming opportunities for the flexible batteries market at the global, regional, and country levels
  • Extensive analysis of various market drivers, restraints, current and future trends, and emerging applications
  • Competition landscape that covers product mapping by key companies, market share analysis, market footprint analysis, competitive business strategies, competition matrix for key players, and detailed company profiles of major stakeholders
  •  Y-o-Y growth projections of the market in all regions and countries, in terms of value (US$ Mn) and volume (million units), from 2018 to 2026
.