U.S. Thin Film Battery Market Size 2019-2024 Industry Growth & Business Statistics Report

Thin film battery market in the U.S. was valued over USD 70 million in 2015 and it has been analyzed that by 2018, 95% credit cards will be EMV chip enabled. Increasing adoption of EMV chip card technology in the U.S. will propel the industry growth

Increasing demand for light weight, compact, and portable products have spurred the growth for thin film battery market. Internet of things has contributed towards a great deal in regards with increasing application of thin film battery in phablets and smartphones coupled with its utilization in sensor networks. Rising standard of living with high disposable incomes will generate increased adoption for wearable devices including watches, smart fabrics, fitness trackers, and glasses and will in turn favor the thin film battery industry trends.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/843

The chargeable and disposable battery are the two-major product categories of the thin film battery industry. Chargeable batteries are suitable for wireless sensors networks and have accounted for over 40% of the overall industry revenue in 2015. The other type, i.e. disposable thin film battery acts as energy source for semi-battery-assisted passive RFID, greeting cards, toys, consumer music, semi-active tags with sensors, and one-time password display type smart cards. Disposable thin film battery market is estimated to register a CAGR of 20% over the period of 2016-2024.

The ability of thin film batteries to perform better makes its adoption more common in medical devices, wearable electronics, consumer products, smart cards, RFID, sensors, and backup power applications. Increasing number of mobile users along with rising adoption of smart cards, SIM cars, EMV cards will stimulate the thin film battery industry share. The smart card application is projected to surpass USD 130 million by 2024. These batteries also find important application in security systems, as RFID and sensors are used to monitor risks related to cyber security and financial crimes augmenting the thin film battery market outlook.

Backup power is another lucrative area of application where thin film battery finds immense application, owing to increasing demand for uninterrupted power supply and rapid growth of wireless communication system. Thin film battery industry demand from backup power is anticipated to register a CAGR of 20% over the period of 2016-2024. Moreover, medical device applications will witness heavy gains, owing to increasing adoption of throw-away medical equipment. According to Global Market Insights, Inc., “Thin Film Battery Market size worth USD 200 million in 2015, is estimated to grow at a CAGR of 25% over the period of 2016-2024.” The various benefits allied with the use of thin film battery in electronics include lower cost, less weight, higher energy density, and smaller footprint.

Browse key industry insights spread across 117 pages with 158 market data tables & 10 figures & charts from the report, “Thin Film Battery Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/thin-film-battery-market

Major participants in thin film battery market are Excellatron, NEC, Imprint Energy, Blue Spark Technology, Prelonic, Cymbet, ST Microelectronics, Flexel, Enfucell, Powerld, Jenax., Thinfilm and Bightvolt.

Glimpse of Table of Content (ToC)

Chapter 3    Thin Film Battery Market Insights

3.1    Industry segmentation

3.2    Industry size and forecast, (USD Million), 2013-2024

3.3    Industry ecosystem analysis

3.4    Vendor matrix

3.5    Innovation & sustainability

3.6    Industry impact forces

3.6.1    Growth drivers

3.6.1.1    Growing demand for portable and flexible electronic devices

3.6.1.2   Increasing adoption of smart cards and RFID

3.6.1.3   Strict government norms towards security

3.6.1.4   Longer cycle life

3.6.1.5   Low self-discharge rate

3.6.2    Industry pitfall and challenges

3.6.2.1    High initial cost

3.7    Regulatory landscape

3.7.1    Europe

3.7.1.1    Battery Directive

3.7.1.2    Secondary European Legislation on Batteries:

3.7.2    UK

3.7.3    Germany

3.7.4    U.S.

3.7.5    China

3.7.5.1    China RoHS Directive

3.7.5.2   Taiwan RoHS Restricted Substances

3.7.6    Japan

3.7.6.1    International Battery Standards and Testing

3.8    Growth potential analysis

3.9    Competitive landscape

3.9.1    Strategy dashboard

3.9.2    Competitive application analysis

3.10  Porter’s analysis

3.11  PESTLE analysis

3.12  Analyst 360 -degree industry perspective

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/thin-film-battery-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

Web: https://www.gminsights.com