The global thin film and printed battery market demand will be nearly $300 million by 2025

According to a report released by Markets and Markets, an international market research institution, the global thin film and printed battery market is expected to grow from $98 million in 2020 to $296 million in 2025, with a compound annual growth rate of 24.
7%.

The key factors driving the rapid growth of this market include the growing demand for films and printed batteries used in wearable devices, continued miniaturization of electronic devices, and surge
in demand for printed flexible packaging.

In addition, batteries in IoT applications, such as the increasing use of printed soft batteries in medical devices to treat COVID-19 patients, etc.
are stimulating the demand growth
in this market.

From the perspective of battery type, secondary batteries will occupy a larger share
of the thin film and printed battery market in 2020.
Applications such as consumer electronics, wearables, medical devices, and wireless sensor systems require long-lasting secondary batteries
.
Thin-film batteries and printed batteries such as thin-film batteries and curved batteries are mostly secondary batteries that can be used in mobile devices and wearable devices
.
As technology used in wearables and medical devices advances, manufacturers are constantly striving to find innovative designs
that fit their devices.
This, in turn, has increased the demand
for thin, lightweight, bendable, flexible and high-capacity rechargeable batteries that can last long.

In terms of application market, smart packaging applications are expected to occupy the largest size of the film and printed battery market in 2020 and maintain this dominance during the forecast period
.
Thin-film and printed batteries are thin, flexible and
lightweight.
They have high flexibility without any loss of energy and are easy to handle
.
Therefore, smart packaging manufacturers prefer thin-film batteries and printed batteries over traditional rigid conventional batteries
.
Increasing adoption of miniature batteries by smart packaging manufacturers is expected to drive the growth of the smart packaging market during the forecast period
.

In terms of regional market, North America will account for the largest share
of the thin film and printed battery market in 2019.
Smart packaging, wearables, and smart cards are the key application areas, with North America being the major production location for thin film and printed battery manufacturers such as Blue Spark Technologies (United States), BrightVolt (United States), and Ultralife Corporation (United States of America), which is also located in North America, thereby driving the growth of
the thin film and printed battery market in the region.

The COVID-19 pandemic outbreak has affected the production and supply chain
of thin films and printed batteries.
It has adversely
affected the investments that many manufacturers in the region have invested in developing thin film and printed batteries.
However, as the number of confirmed cases surges in North America, especially in the United States, the increasing use in medical applications will also stimulate the huge demand
for thin films and printed batteries.