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Flexible Batteries Market

Flexible Batteries Market Size, Share & Trends Analysis Report By Product, (Laminar Lithium Polymer Batteries, Thin Film Batteries and Printed Batteries, Flexible Zinc-carbon Batteries, Advanced Lithium-ion Batteries), By Material, By Chargeability, By End user, By Region, And Segment Forecasts, 2024-2031

Report ID : 1653 | Published : 2024-01-29 | Pages: 180 | Format: PDF/EXCEL

The Global Flexible Batteries Market Size is valued at 190.2 million in 2023 and is predicted to reach 1147.13 million by the year 2031 at a 25.38% CAGR during the forecast period for 2024-2031.

Portable batteries, known as flexible batteries, are made to replace traditional batteries, and these batteries are adaptable enough to bend or twist to fit into any shape of the device. The primary market growth drivers will be rising demand from the automotive and transportation sectors.

Key Industry Insights & Findings from the Report:

  • The ongoing improvements in flexible electronic technology, like flexible displays, foldable smartphones, and e-textiles, feed the demand for flexible batteries.
  • Due to its ability to retain its shape in a range of forms and sizes, demand is expected to increase, notably in healthcare, consumer electronics, and other industries, supporting market growth.
  • Asia Pacific dominated the market and accounted for a revenue share of global revenue in 2023.
  • Flexible batteries typically have lower energy density than traditional rigid batteries. This constraint limits their ability to store and transmit power, making them unsuitable for some high-power applications or devices that demand a lengthy battery life.

flexible batteries

The flexible batteries market revenue will be further harmed by rising consumer awareness of the advantages of using flexible batteries, rapid technological advancements in the battery manufacturing process, rising product innovations, rising demand for smart wearable electronics, medical devices, and consumer electronics, and widespread industrialization. Growing investment in R&D activities and accelerating IoT technology deployment by small and medium-sized manufacturing enterprises will pave the way for the flexible batteries market expansion.

However, the high expenditures associated with research and development capabilities will constrain the market's ability to grow. Additionally, a lack of standardization and strict regulations in developing nations will slow the market's expansion. Large-scale technology and infrastructure constraints will make it more difficult for the market to grow. 

Recent Developments:

  • In June 2023, Forsee Power unveiled FLEX PLUS, a new high-value-added battery system for large electric vehicles (buses, trucks, and off-road vehicles). This new FLEX PLUS battery pack rounds out the PLUS format product family.
  • In May 2023, EVLO Energy Storage Inc. (EVLO) unveiled their new product EVLOFLEX at CLEANPOWER 2023, the renewable energy industry's flagship event.

Competitive Landscape:

Some of the flexible batteries market are:

  • Apple Inc.
  • Blue Spark Technology
  • Brightvolt Inc.
  • Energy Diagnostics
  • Enfucell Oy Ltd.
  • Guangzhou Fullriver Battery New Technology Co., Ltd.
  • Imprint Energy Inc.
  • ITEN SA
  • Jenax
  • LG Chem Ltd.
  • MOLEX
  • NEC Energy Solutions Inc.
  • Panasonic Corporation
  • Polyplus Battery Company
  • Prologium Technology Co., Ltd.
  • Samsung Sdi
  • ST Microelectronics N.V.
  • Ultralife Corporation

Market Segmentation:

The flexible batteries market is segmented on the product, chargeability, material and end-user. Based on product, the market is segmented into laminar lithium polymer batteries, thin film batteries and printed batteries, flexible zinc-carbon batteries and advanced lithium-ion batteries. Based on chargeability, the market is segmented into chargeable flexible batteries and single-use flexible batteries.

Based on material, the market is segmented into electrically conductive materials (carbon nanotube, graphene, carbon nano-fiber, aluminum foil, copper foil) and lonically conductive materials (gel electrolytes, solid electrolytes, liquid electrolytes). Based on end-user, the market is segmented into consumer electronics (flexible displays, wearable devices, interactive media, toys and games, smart cards), health care (cosmetic and medical patches, implantable medical devices, medical sensors and medical diagnostic devices), smart packaging, transportation and logistics and other.

Based On Product, The Thin Film Batteries And Printed Batteries Segment Is Accounted As A Significant Contributor To The Flexible Batteries Market

The thin film batteries and printed batteries category grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the anticipated time. Wearable technology, smart cards, smart packaging, and medical equipment all frequently use thin-film batteries. Compared to large solid-state batteries, these batteries have better performance, a higher average output voltage, and a decreased likelihood of electrolyte leaks.

Thin-film lithium-ion flexible batteries are becoming more widely used, which has boosted the need for miniaturized products used in these applications and greatly accelerated the growth of the thin-film batteries market. The rising demand for smart cards has also aided the rise of the flexible battery market's thin-film batteries in the banking, transportation, and telecommunications industries for use in payment applications.

The Consumer Electronics Segment Witnessed Growth At A Rapid Rate

The consumer electronics category is anticipated to grow at a significant rate over the forecast period. The variables contributing to the segment's expansion are related to an increase in the number of new product launches and technological developments. To ensure a constant power source, these gadgets need extremely flexible and portable batteries.

The Asia Pacific Flexible Batteries Market Holds A Significant Revenue Share In The Region

The Asia Pacific flexible batteries market is expected to register the highest market share in revenue in the near future. For compatibility with the flexible projects of their products, major consumer microelectronics manufacturers in this region are developing their product designs to run on thin power sources. Thus, the expansion of the worldwide flexible battery market in APAC was primarily driven by technological advancements in smart packaging, consumer electronics, and the rising popularity of wearable devices in this region.

In addition, North America is projected to grow rapidly in the global flexible batteries market due to the expanding manufacturing industries, rising infrastructural development activities, increasing popularity of wearable technology in this region, and rising technical changes in the industrial sector. Due to continued research and development, new goods are now entering the market thanks to the existence of certain significant major manufacturers.

Flexible Batteries Market Report Scope:

Report Attribute

Specifications

Market size value in 2022

USD 154.07 Bn

Revenue forecast in 2031

USD 1147.13 Bn

Growth rate CAGR

CAGR of 25.18% from 2023 to 2031

Quantitative units

Representation of revenue in US$ Billion, Volume (Units) and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Product, Chargeability, Material And End-User

Regional scope

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

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

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.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Flexible Batteries Market Snapshot

Chapter 4. Global Flexible Batteries Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis
5.1. by Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (Units)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:

5.2.1. Laminar Lithium Polymer Batteries
5.2.2. Thin Film Batteries & Printed Batteries
5.2.3. Flexible Zinc–carbon Batteries
5.2.4. Advanced Lithium-ion Batteries

Chapter 6. Market Segmentation 2: by Chargeability Estimates & Trend Analysis
6.1. by Chargeability & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (Units)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Chargeability:

6.2.1. Chargeable Flexible Batteries
6.2.2. Single-use Flexible Batteries

Chapter 7. Market Segmentation 3: by Material Estimates & Trend Analysis
7.1. by Material & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn) & Volume (Units)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Material:

7.2.1. Electrically Conductive Materials

7.2.1.1. Carbon Nanotubes (CNT)
7.2.1.2. Graphene
7.2.1.3. Carbon Nanofibers (CNF)
7.2.1.4. Aluminum Foils
7.2.1.5. Copper Foils
7.2.1.6. Others

7.2.2. Ionically Conductive Materials

7.2.2.1. Gel Electrolytes
7.2.2.2. Solid Electrolytes
7.2.2.3. Liquid Electrolytes

Chapter 8. Market Segmentation 4: by End-use Industry Estimates & Trend Analysis
8.1. by End-use Industry & Market Share, 2019 & 2031
8.2. Market Size (Value (US$ Mn) & Volume (Units)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-use Industry:

8.2.1. Consumer Electronics

8.2.1.1. Flexible Displays
8.2.1.2. Wearable Devices
8.2.1.3. Interactive Media and Toys & Games
8.2.1.4. Smart Cards

8.2.2. Health Care

8.2.2.1. Cosmetic and Medical Patches
8.2.2.2. Implantable Medical Devices
8.2.2.3. Medical Sensors & Medical Diagnostic Devices

8.2.3. Smart Packaging
8.2.4. Transportation & Logistics
8.2.5. Others

Chapter 9. Flexible Batteries Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Type, 2023-2031
9.1.2. North America Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Chargeability, 2023-2031
9.1.3. North America Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Material, 2023-2031
9.1.4. North America Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by End-use Industry, 2023-2031
9.1.5. North America Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by country, 2023-2031

9.2. Europe

9.2.1. Europe Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Type, 2023-2031
9.2.2. Europe Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Chargeability, 2023-2031
9.2.3. Europe Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Material, 2023-2031
9.2.4. Europe Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by End-use Industry, 2023-2031
9.2.5. Europe Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by country, 2023-2031

9.3. Asia Pacific

9.3.1. Asia Pacific Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Type, 2023-2031
9.3.2. Asia Pacific Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Chargeability, 2023-2031
9.3.3. Asia-Pacific Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Material, 2023-2031
9.3.4. Asia-Pacific Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by End-use Industry, 2023-2031
9.3.5. Asia Pacific Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by country, 2023-2031

9.4. Latin America

9.4.1. Latin America Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Type, 2023-2031
9.4.2. Latin America Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Chargeability, 2023-2031
9.4.3. Latin America Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Material, 2023-2031
9.4.4. Latin America Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by End-use Industry, 2023-2031
9.4.5. Latin America Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by country, 2023-2031

9.5. Middle East & Africa

9.5.1. Middle East & Africa Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Type, 2023-2031
9.5.2. Middle East & Africa Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Chargeability, 2023-2031
9.5.3. Middle East & Africa Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Material, 2023-2031
9.5.4. Middle East & Africa Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by End-use Industry, 2023-2031
9.5.5. Middle East & Africa Flexible Batteries Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by country, 2023-2031

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances

10.2. Company Profiles


10.2.1. Apple Inc.
10.2.2. Blue Spark Technology
10.2.3. Brightvolt Inc.
10.2.4. Energy Diagnostics
10.2.5. Enfucell Oy Ltd.
10.2.6. Guangzhou Fullriver Battery New Technology Co., Ltd.
10.2.7. Imprint Energy Inc.
10.2.8. ITEN SA
10.2.9. Jenax
10.2.10. LG Chem Ltd.
10.2.11. MOLEX
10.2.12. NEC Energy Solutions Inc.
10.2.13. Panasonic Corporation
10.2.14. Polyplus Battery Company
10.2.15. Prologium Technology Co., Ltd.
10.2.16. Samsung Sdi
10.2.17. ST Microelectronics N.V.
10.2.18. Ultralife Corporation
10.2.19. Other Prominent Players

Segmentation of Flexible Batteries Market-

Flexible Batteries Market By Product

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

flexible batteries

Flexible Batteries Market By Chargeability

  • Chargeable Flexible Batteries
  • Single-use Flexible Batteries

Flexible Batteries Market By Material

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

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

Flexible Batteries Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Flexible Batteries Market?

Flexible Batteries Market expected to grow at a 25.38% CAGR during the forecast period for 2024-2031

Apple Inc., Blue Spark Technology, Brightvolt Inc., Enfucell Oy, LG, Chem Ltd., NEC Energy Solutions Inc., Panasonic Corporation, Samsung SDI Co. Ltd.

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