Published Date : Mar 26, 2018
ALBANY, New York, March 26, 2018 - The global thin film and printed battery market has been foretold to find application in areas where there is no requirement of power recharge and where power is consumed for single use. The market could find growth on the back of the rising adoption of e-textiles, glasses, watches, smart fabrics, and other wearable electronic devices. The healthcare industry could also offer opportunities for growth in the market with the swelling requirement of thin film and printed battery solutions. MarketResearchReports.biz has added a report bearing the title “Thin Film and Printed Battery Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”
Authors of the report have predicted the world thin film and printed battery market to ride on different growth factors for ensuring a strong progress in the coming years. The market could mainly benefit industries such as cosmetic patches, medical and pharmaceutical devices, and personal care. On the global platform, the market could see growth due to the swelling adoption of mobile medical devices and wireless healthcare monitoring systems. With a view to improve healthcare delivery, remote patient monitoring, sensors, mobile health, and various other technologies could be implemented by a multitude of hospitals.
The world thin film and printed battery market has been prognosticated to take advantage of the magnifying requirement of compact size batteries having upgraded energy storage. Other factors such as the rising requirement of security systems that are empowered with sensors and radio frequency identification (RFID) technology could help the market to gain increased growth in the near future. Such security systems could assist financial organizations to curb financial crime and cybersecurity risks.
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The report has offered detailed segmentation of the world thin film and printed battery market according to different categories. In terms of application, the market could see classification into several segments, including sensors, RFID, backup power, consumer products, smart cards, medical devices, and wearable electronics. With increasing usage of disposable medical equipment, the market for medical devices has been anticipated to grow at a significant rate in the foreseeable future. However, wearable electronics could showcase rise in growth at a reasonable pace due to the swell in the demand for compact size, lightweight, and small energy storage sources.
With respect to segmentation by product, the world thin film and printed battery market has been envisaged to be segregated into disposable and chargeable batteries. Disposable batteries could find application in toys, greeting cards, smart cards, and consumer music. On the other hand, chargeable batteries could increase the demand in the market while riding on their overheating property. From the geographical perspective, the market has been envisioned to witness the prominence of North America expected to take over a larger share. This could be as a result of the U.S. exhibiting an escalating adoption of Europay, MasterCard, and Visa (EMV) chip card technology.
Asia Pacific has also been expected to exhibit a decent growth in the international thin film and printed battery market because of rising investment in top-quality medical tools and the surging demand for smartwatches and other wearable electronics. Considering the presence of a significant count of players operating in the market, the competitive landscape could demonstrate a moderately consolidated nature. Few of the leading players of the market are Protoflex Corporation, STMicroelectronics N.V., Blue Spark Technologies Inc., Panasonic Corporation, and Samsung SDI Co. Ltd.
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