According to a new report, published by KBV research, The Global Flexible, Printed And Thin Film Battery Market size is expected to reach $1.16 billion by 2031, rising at a market growth of 27.1% CAGR during the forecast period.
Miniaturization continues to drive the market as electronics shrink in size and demand power sources that match their scale. This is particularly evident in foldable and rollable devices, where traditional batteries fall short. Combining energy harvesting with thin film batteries is also gaining traction, especially in applications requiring autonomy, such as wireless sensors in remote locations.
The Rechargeable segment led the maximum revenue in the Global Flexible, Printed And Thin Film Battery Market by Type in 2023, thereby, achieving a market value of $870.3 million by 2031. The increasing demand for sustainable and long-lasting energy solutions in wearables, medical devices, and consumer electronics has fuelled the adoption of rechargeable flexible batteries. These batteries offer extended life cycles, improved efficiency, and the ability to be recharged multiple times, making them ideal for applications requiring continuous power.
The Wearables segment is growing at a CAGR of 26.2 % during the forecast period. The rising demand for compact and lightweight energy storage solutions in smartwatches, fitness trackers, and smart glasses has significantly fuelled the adoption of flexible and printed batteries. These batteries offer enhanced flexibility, durability, and longer life, making them ideal for wearable applications.
Full Report: https://www.kbvresearch.com/flexible-printed-and-thin-film-battery-market/
The Asia Pacific region dominated the Global Flexible, Printed And Thin Film Battery Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $586.2 million by 2031. The North America region is anticipated to grow at a CAGR of 25.8% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 26.5% during (2024 - 2031).
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