In 2020, the global IoT market demand for batteries reached $9.2 billion

According to the latest news released by Markets and Markets, the global IoT market demand for batteries reached $9.
2 billion in 2020, and this data is expected to increase to $15.
9 billion by 2025, with a compound annual growth rate of 11.
6%
during the period.

According to the report, the major factors driving the rapid and steady growth of this market are the exponential growth of IoT usage, increasing adoption of IoT devices, increasing global demand for wireless communication, and surge in R&D activities
.

From the perspective of battery type, the printed battery segment is expected to witness the highest CAGR
of the IoT battery market during the forecast period.
Printed batteries are new types of miniature batteries
.
They are mainly composed of zinc-based materials, and their advantages of small size and easy disposal make printed batteries popular in the smart packaging and medical application markets, and the demand for them is expected to increase further during
the forecast period.

From the perspective of application market, aerospace and defense is expected to witness the highest CAGR
of the IoT battery market during the forecast period.
IoT technology is used in aerospace and defense applications to ensure the connectivity and integration
of aircraft, systems, and personnel with the Internet.
IoT technology also offers many opportunities
for airlines to improve their baggage handling and equipment monitoring processes.
The increasing installation of smart beacons is driving its market growth due to mobile applications
.

From a regional perspective, the Asia-Pacific IoT battery market is expected to grow
at the highest CAGR.
The Asia-Pacific region includes many emerging economies such as Australia, India, China, Japan and Singapore
.
The massive adoption of new technologies has made the region a lucrative market
for the IT industry.
For this reason, the battery market for IoT in Asia Pacific is expected to grow
at the fastest rate.

In addition, these countries are taking aggressive steps to proliferate IT infrastructures to enable business users to adopt state-of-the-art technologies
.
Major manufacturers of wearables and consumer electronics in the region are miniaturizing their product designs that require miniature power supplies to be compatible with
miniaturized designs.
In addition, technological advancements in smart packaging, such as the use of printed RFID tags and smart labels in packaging, and the adoption of medical devices (mainly pacemakers, drug delivery systems, and medical patches) requiring lightweight, flexible, and secure technological power supplies are driving the market growth
of miniature batteries in Asia Pacific.

From the manufacturer's point of view, Duracell Batteries (US), Energizer Battery (US), Panasonic Corporation (Japan), LG Chem (Korea), Samsung SDI (Samsung SDI), STMicroelectronics (Switzerland), Cymbet (US), Ultralife (US), Ilika (UK), and Imprint Energy (US) are prominent players
in the global IoT battery market.