Contact Us
Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

The flexible batteries are an advanced type of battery which can retain its shape even after changing its form. Due to its characteristics of retaining its form in various shapes and size, its demand is expected to increase especially in the healthcare, consumer electronics, and other industries. Flexible batteries are portable batteries which can be easily used in various small sized devices such as watch, smartphones, health monitoring device, and others.

The global flexible battery market is segmented into type, voltage, capacity, chargeability, application, and region. On the basis of type, the market is segmented into thin-film batteries and printed batteries. On the basis of voltage market is segmented into below 1.5v, between 1.5v and 3v, and above 3v. Furthermore, on the basis of capacity the market is segmented into below 10 mah, between 10 mah and 100 mah, and above 100 mah. On the basis of chargeability the market is segmented into primary batteries and secondary batteries. On the basis of application the market is segmented into consumer electronics, smart packaging, smart cards, medical devices, IoT devices, and others. On the basis of region, the global flexible battery market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

The global flexible battery market is expected to witness significant growth during the forecast period (2021–2028) due to rapid adoption healthcare wearable devices. Healthcare wearable devices constantly monitor the patient with factors such as heartbeats, oxygen level, and others. Most of these devices are battery powered thus, making its lightweight and prolonged battery life is essential device manufacturers which is expected to drive the demand of flexible battery in the healthcare devices as its enables manufactures to change the battery shape and size according to product’s need. Furthermore, due to COVID 19 pandemic the demand is further expected to increase during the forecast period. Due to pandemic, various governments across the globe are heavily investing in the healthcare system in order to improve the overall healthcare system. For instance, the government of India is planning at increasing the healthcare spending to 2.5% of the total GDP or gross domestic product by 2025.

The primary aim of flexible battery process is to improve the overall performance of the battery and end products by reducing the weight and improve the battery performance.  However, the major difficulties in the flexible battery market are lack of proper fabrication method and standardization in the development of flexible batteries. These factors are hampering the global flexible battery market during the forecast.

Global Flexible Battery Market - Impact of Coronavirus (Covid-19) Pandemic

The outbreak of COVID-19 has significantly affected all the industries globally. The pandemic has led to significant effects on economic growth and governments had to shut down commercial as well as educational sectors for a specific period. To combat COVID-19 pandemic, most of the countries had implemented lockdown, and are now easing it phase-wise and industry wise.

The global flexible battery market witnessed growth in pre-COVID era, however, COVID-19 disturbed that trend. Several industries such as manufacturing, consumer electronics, automotive, and others are forced to close their business which drastically effected their overall revenue. Thus, several organizations are planning to reduce or postpone non-essential investments and research and development investment.

Asia Pacific held dominant position in the global flexible battery market in 2020.

Statistics:

Asia Pacific held dominant position in the global flexible battery market in 2020, accounting for 38.3% share in terms of value, followed by North America, Europe, Middle East and Africa, and Latin America.

request-sample

Flexible Battery Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 102.3 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 24.0% 2028 Value Projection: US$ 574.0 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia & New Zealand , South Korea, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, Israel, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Type: Thin-film Batteries and Printed Batteries
  • By Voltage: Below 1.5V, Between 1.5V and 3V, and Above 3V
  • By Capacity: Below 10 mAh, Between 10 mAh and 100 mAh, and Above 100 mAh
  • By Chargeability: Primary Batteries and Secondary Batteries
  • By Application: Consumer Electronics, Smart Packaging, Smart Cards, Medical Devices, IoT Devices, and Others
Companies covered:

SAMSUNG SDI CO.,LTD., LG Chem, Jiangsu Enfucell Flexible Electronics Co., Ltd., Blue Spark Technologies, Apple, Inc., Panasonic Corporation, Ultralife Corporation, BrightVolt, Imprint Energy, Energy Diagnostics, Jenax, and others

Growth Drivers:
  • Rapid adoption of healthcare wearable devices
  • Rapid adoption of IoT device 
Restraints & Challenges:
  • Lack of proper fabrication method and standardization in the development of flexible batteries

Figure 1: Global Flexible Battery Market Share (%), By Region, 2020

Flexible Battery  | Coherent Market Insights

Over the forecast period, Asia Pacific is expected to account for the largest market share in the global flexible battery market. The primary driver of flexible battery in the Asia Pacific region is rapidly growing sale of semiconductor. For instance, according to Coherent Market Insights analysis, Asia Pacific contributes around 56% in the semiconductor industry with China, Korea, and Japan among the highest contributors. Furthermore, the region also holds of major semiconductor companies such as Samsung Electronics, LG, and others.

Consumer electronics segment is expected to drive the market growth during the forecast period.

Among application, the consumer electronics segment is expected to hold dominant position in the global flexible battery market during the forecast period. As the devices are getting cheaper and more affordable the demand is also increasing since the recent past. Developing economies such as India and China witnessed boom in the demand for consumer devices such as smartphones, television, and others devices. For instance, according to India Brand Equity Foundation, Indian consumer electronics market is expected to reach US$ 21.18 billion by 2025 from US$ 10.93 billion in 2019. Rapidly growing consumer electronics devices market is expected to positively impact the global flexible battery market.

Figure 2: Global Flexible Battery Market Value (US$ Mn) Analysis and Forecast, 2017 - 2028

Flexible Battery  | Coherent Market Insights

The global flexible battery market was valued at US$ 102.3 Mn in 2020 and is expected to reach US$ 574.0 Mn by 2028 at a CAGR of 24.0% between 2021 and 2028.

Major players operating in the global flexible battery market include SAMSUNG SDI CO.,LTD., LG Chem, Jiangsu Enfucell Flexible Electronics Co., Ltd., Blue Spark Technologies, Apple, Inc., Panasonic Corporation, Ultralife Corporation, BrightVolt, Imprint Energy, Energy Diagnostics, Jenax, and others.

Flexible batteries are advanced type of batteries which remain working even after changing its shape. These batteries are lightweight, portable, and flexible, which enables them to easily accommodate in various small size devices such as wearable devices,  industrial applications, and others. The demand of these batteries is expected to increase during the forecast period, owing to rapid adoption of flexible batteries in the healthcare devices, wearable devices, electronics 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 significant role for global flexible battery market during the forecast period. Battery consumes large amount of space in the smartphone thus several key players in the market are focused on the developing advanced flexible batteries for the foldable smart phones. Major smartphone manufacturers such as Samsung and Apple are focused on the development of flexible battery for electronics devices such as smartphones, laptops, and others.  

Furthermore, the growing adoption of electrical vehicles across the globe is expected to create lucrative growth opportunity 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 growth of around 43% compared to 2019. Reportedly, two third of the electrical vehicles in the market are battery-powered. Thus, growing adoption of electrical vehicles is expected to create lucrative growth opportunity for the global flexible battery market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of global flexible battery market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 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 approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the global flexible battery market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study includes SAMSUNG SDI CO.,LTD., LG Chem, Jiangsu Enfucell Flexible Electronics Co., Ltd., Blue Spark Technologies, Apple, Inc., Panasonic Corporation, Ultralife Corporation, BrightVolt, Imprint Energy, Energy Diagnostics, Jenax, and others.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The global flexible battery market report caters to various stakeholders in this Application including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • 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
      • By Type
        • Thin-film Batteries
        • Printed Batteries
      • By Voltage
        • Below 1.5V
        • Between 1.5V and 3V
        • Above 3V
      • By Capacity
        • Below 10 mAh
        • Between 10 mAh and 100 mAh
        • Above 100 mAh
      • By Chargeability
        • Primary Batteries
        • Secondary Batteries
      • By Application
        • Consumer Electronics
        • Smart Packaging
        • Smart Cards
        • Medical Devices
        • IoT Devices
        • Others
      • By Country
        • U.S.
        • Canada
    • Asia Pacific
      • By Type
        • Thin-film Batteries
        • Printed Batteries
      • By Voltage
        • Below 1.5V
        • Between 1.5V and 3V
        • Above 3V
      • By Capacity
        • Below 10 mAh
        • Between 10 mAh and 100 mAh
        • Above 100 mAh
      • By Chargeability
        • Primary Batteries
        • Secondary Batteries
      • By Application
        • Consumer Electronics
        • Smart Packaging
        • Smart Cards
        • Medical Devices
        • IoT Devices
        • Others
      • By Country
        • China
        • India
        • Japan
        • Australia & New Zealand
        • South Korea
        • Rest of Asia Pacific
    • Europe
      • By Type
        • Thin-film Batteries
        • Printed Batteries
      • By Voltage
        • Below 1.5V
        • Between 1.5V and 3V
        • Above 3V
      • By Capacity
        • Below 10 mAh
        • Between 10 mAh and 100 mAh
        • Above 100 mAh
      • By Chargeability
        • Primary Batteries
        • Secondary Batteries
      • By Application
        • Consumer Electronics
        • Smart Packaging
        • Smart Cards
        • Medical Devices
        • IoT Devices
        • Others
      • By Country
        • Germany
        • Italy
        • U.K.
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Latin America
      • By Type
        • Thin-film Batteries
        • Printed Batteries
      • By Voltage
        • Below 1.5V
        • Between 1.5V and 3V
        • Above 3V
      • By Capacity
        • Below 10 mAh
        • Between 10 mAh and 100 mAh
        • Above 100 mAh
      • By Chargeability
        • Primary Batteries
        • Secondary Batteries
      • By Application
        • Consumer Electronics
        • Smart Packaging
        • Smart Cards
        • Medical Devices
        • IoT Devices
        • Others
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East and Africa
      • By Type
        • Thin-film Batteries
        • Printed Batteries
      • By Voltage
        • Below 1.5V
        • Between 1.5V and 3V
        • Above 3V
      • By Capacity
        • Below 10 mAh
        • Between 10 mAh and 100 mAh
        • Above 100 mAh
      • By Chargeability
        • Primary Batteries
        • Secondary Batteries
      • By Application
        • Consumer Electronics
        • Smart Packaging
        • Smart Cards
        • Medical Devices
        • IoT Devices
        • Others
      • By Country/Region
        • GCC Countries
        • Israel
        • South Africa
        • Rest of Middle East and Africa
  • Company Profiles
    • SAMSUNG SDI CO.,LTD.*
      • Company Overview
      • Product Portfolio and Specifications
      • Financial Performance
      • Strategic Overview
      • Recent Developments/Updates
    • LG Chem
    • Jiangsu Enfucell Flexible Electronics Co., Ltd.
    • Blue Spark Technologies
    • Apple, Inc.
    • Panasonic Corporation
    • Ultralife Corporation
    • BrightVolt
    • Imprint Energy
    • Energy Diagnostics
    • Jenax

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Voltage
      • Market Snippet, By Capacity
      • Market Snippet, By Chargeability
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Capacity Trend
    • Merger and Acquisitions
    • New Product Launch/Approvals
    • Value Chain Analysis
    • Porter’s Analysis
    • PEST Analysis
    • Impact of COVID-19 Pandemic
  4. Global Flexible Battery Market, By Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Thin-film Batteries
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Printed Batteries
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  5. Global Flexible Battery Market, By Voltage, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Below 1.5V
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Between 1.5V and 3V
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Above 3V
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  6. Global Flexible Battery Market, By Capacity, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Below 10 mAh
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Between 10 mAh and 100 mAh
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Above 100 mAh
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  7. Global Flexible Battery Market, By Chargeability, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Primary Batteries
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Secondary Batteries
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  8. Global Flexible Battery Market, By Application, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Consumer Electronics
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Smart Packaging
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Smart Cards
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Medical Devices
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • IoT Devices
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  9. Global Flexible Battery Market, By Region, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Voltage, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Capacity, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Chargeability, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Voltage, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Capacity, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Chargeability, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Voltage, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Capacity, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Chargeability, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • China
        • India
        • Japan
        • Australia & New Zealand
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Voltage, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Capacity, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Chargeability, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Voltage, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Capacity, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Chargeability, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • GCC Countries
        • Israel
        • South Africa
        • Rest of the Middle East and Africa
  10. Competitive Landscape
    • Company Profiles
      • SAMSUNG SDI CO., LTD.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • LG Chem
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Jiangsu Enfucell Flexible Electronics Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Blue Spark Technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Apple, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Panasonic Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Ultralife Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • BrightVolt
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Imprint Energy
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Energy Diagnostics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Jenax
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  11. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 150 market data tables and 90 figures on "Flexible Battery Market - Global forecast to 2028”.

FAQgrowicon

Frequently Asked Questions

The global flexible battery market is expected to reach US$ 574.0 million by 2028.
The market is expected to witness a CAGR of 24.0% during the forecast period (2021-2028).
Rapid adoption of healthcare wearable devices and IoT device are expected to boost growth of the market.
Consumer electronics segment held the largest market share among industry verticals, contributing 32.6% in terms of value in 2020.
Asia Pacific region held the largest share in the market in 2020, accounting for 38.3% share in terms of value.
Key players operating in the market include SAMSUNG SDI CO.,LTD., LG Chem, Jiangsu Enfucell Flexible Electronics Co., Ltd., Blue Spark Technologies, Apple, Inc., Panasonic Corporation, Ultralife Corporation, BrightVolt, Imprint Energy, Energy Diagnostics, Jenax, and others.
Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner

Subscribe Newsletter

Kindly Subscribe for our latest news & articles.