LONDON–(BUSINESS WIRE)–Mar 30, 2020–
The global thin-film batteries market is poised to grow by USD 1.32 billion during 2020-2024, progressing at a CAGR of about 26% during the forecast period.
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Technavio has published a latest market research report titled Global Thin-film Batteries Market 2020-2024 (Graphic: Business Wire)
The market is driven by the increasing occurrences of hearing loss. In addition, the growing smart wearables market is anticipated to boost the growth of the thin-film batteries market.
The number of people with disabilities is increasing with an exponential growth in the world population. Approximately 5% of people worldwide have disabling hearing loss, of which 0.5% are children. Exposure to excessive noise, complications at birth, genetics, aging, reaction to or misuse of drugs, and chronic ear infections are some of factors responsible with hearing loss. This has led to an increase in the demand for hearing aids such as cochlear implants, and other assistive devices. These devices run on batteries, which in turn, is propelling the demand for thin-film batteries. Thus, the increasing incidences of hearing loss is expected to drive market growth during the forecast period.
Angstrom Engineering Inc. operates the business under various segments such as PVD PLATFORMS, SPECIALIZED PROCESSES, SPACE SIMULATION, and GLOVEBOX INTEGRATION. The company uses the Angstrom engineering battery deposition system to manufacture thin film batteries.
Blue Spark Technologies offers products through the following business units: TempTraq and Battery products. The company offers Blue Spark ST (Standard) Series and Blue Spark UT (Ultra-Thin) Series.
LG Chem operates under various business segments, namely Basic materials & Chemicals, Energy solutions, IT & Electronic materials and Advanced materials, and Life sciences. The company offers Polymer battery and Free form battery.
Cymbet Corp. offers products through the following business segments: Industrial, Telecom and Networking, Medical, Consumer Electronics, Mil-Aero & Transportation, and Others. The company offers EnerChip CBC050-BDC and EnerChip CBC005-BDC.
Enfucell offers products through the Battery solutions business segment. The company offers Enfucell SoftBattery, which is a disposable, thin and flexible printed power source for devices such as wireless sensors for healthcare and sports and logistics sector.
– Global Light Vehicle Batteries Market by application (internal combustion engine vehicle and electric vehicle) and region (the Americas, APAC, and EMEA).
– Global Alkaline Battery Market by geography (APAC, Europe, MEA, North America, and South America) and product (primary battery and secondary battery).
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE: Technavio Research
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PUB: 03/30/2020 09:30 AM/DISC: 03/30/2020 09:30 AM
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