Flexible Battery Market

Flexible batteries are an advanced type of battery that remain working even after changing their shape. These batteries are lightweight, portable, and flexible, which enables them to easily accommodate various small-size devices such as wearable devices, industrial applications, and others. The demand for these batteries is expected to increase during the forecast period, owing to the rapid adoption of flexible batteries in healthcare devices, wearable devices, electronic vehicles, and others. 

Market Dynamics:

The global flexible battery market is expected to grow significantly during the forecast period. The adoption of foldable smartphones can play a significant role in the global flexible battery market during the forecast period. Battery consumes a large amount of space in the smartphone thus several key players in the market are focused on developing advanced flexible batteries for foldable smartphones. Major smartphone manufacturers such as Samsung and Apple are focused on the development of flexible batteries for electronic devices such as smartphones, laptops, and others. 

Furthermore, the growing adoption of electric vehicles across the globe is expected to create lucrative growth opportunities for the global flexible battery market. For instance, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, in 2020, around 10 million electrical vehicles were reported in the market. Furthermore, in 2020, the market witnessed a growth of around 43% compared to 2019. Reportedly, two third of the electric vehicles in the market are battery-powered. Thus, the growing adoption of electric vehicles is expected to create lucrative growth opportunities for the global flexible battery market during the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global flexible battery market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global flexible battery market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include STMicroelectronics, LG Chem, SAMSUNG SDI CO., LTD., Panasonic Corporation, ROCKET Poland Sp. z o.o., Enfucell, Imprint Energy, Energy Diagnostics., Jenax Inc., and Molex
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global flexible battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global flexible battery market

Detailed Segmentation:

• Global Flexible Battery Market, By Type
  • Thin-film Batteries
  • Printed Batteries
• Global Flexible Battery Market, By Voltage
  • Below 1.5V
  • Between 1.5V and 3V
  • Above 3V
• Global Flexible Battery Market, By Capacity
  • Below 10 mAh
  • Between 10 mAh and 100 mAh
  • Above 100 mAh
• Global Flexible Battery Market, By Chargeability
  • Primary Batteries
  • Secondary Batteries
• Global Flexible Battery Market, By Application
  • Consumer Electronics
  • Smart Packaging
  • Smart Cards
  • Medical Devices
  • IoT Devices
  • Others
• Global Flexible Battery Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • STMicroelectronics
  • LG Chem
  • SAMSUNG SDI CO,LTD.
  • Panasonic Corporation
  • ROCKET Poland Sp. z o.o.
  •  Enfucell
  • Imprint Energy
  • Energy Diagnostics.
  • Jenax Inc.
  • Molex