n-tech Research Predicts Market for Thin-Film Batteries will Reach over $800 million by 2021

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May 17, 2016, 10:26 ET

GLEN ALLEN, Va., May 17, 2016 /PRNewswire/ -- Industry analyst firm n-tech Research today announced the release of a new report titled "New and Future Markets for Thin-Film Batteries – 2016 to 2025." The report focuses on the new opportunities emerging for thin batteries as the result of the rise of the Internet of Things (IoT) and wearable electronics. In the report the firm states that the market for thin-film batteries will exceed $800 million in revenues by 2021.

Details about the report are available at: http://ntechresearch.com/market_reports/new-and-future-markets-for-thin-film-batteries-2016-to-2025

About the report:

This report includes a technical assessment of thin-film batteries including providing guidance on how the performance and feature sets of thin-film batteries fit in with current and future market needs. It also examines the strategies of the leading firms both major electronics companies and pure player suppliers in the thin-film battery market.

In addition, the report provides granular ten-year forecasts of the thin-film battery market in value and volume terms with breakouts by applications and battery type, etc. In addition to projecting the market for thin-film batteries in IoT and wearables, this report also forecasts the usage of these batteries in more conventional applications such as smart cards, medical products and smart packaging.

Companies discussed in this report include: 24M, ALD NanoSolutions, Analog Devices, Apple, Applied Materials, BrightVolt, Broadcom, Cymbet, Ericsson, FlexEl, Fujitsu, Ilika, Intel, ITN, Jeeva, Jenax, Kurt J. Lesker, LG, OGES, Panasonic, Polystar, Samsung, Prieto, Sakti3, Sapurast Research, Showa Denko, Sony, STMicroelectronics, TDK and Toes Opto-Mechatronics.

Highlights:

Thin-film battery makers have always viewed sensor networks as having strong potential for thin-film batteries, but the IoT will lead to tens of billions of sensor nodes being put in place. Thin-film batteries can compete as an IoT power source in this sector only if their cost and size can be reduced by almost an order of magnitude and there are now processes being developed that will be able to meet this objective. n-tech also expects that energy harvesting will serve as a key enabling technology for thin-film batteries in the IoT, which is expected to generate around $110 million in revenues by 2021.

n-tech expects revenue for thin-film batteries for wearable electronics to reach around $120 million by 2021. While many wearables can make do with conventional batteries, the wearable market will intrinsically require flexible batteries that can be embedded in thin devices, straps or clothing. There are now active R&D programs to develop such flexible batteries involving some of the largest electronics firms in the world. Wearables are another area where energy harvesting will play an important role: energy harvesting using body heat or body motion is an effective way to recharge thin-film batteries.

Today, most thin-film batteries are fabricated using the vacuum processes, such as sputtering. These can be expensive processes and involve traditional battery firms in major capital expense. Existing battery makers are often unwilling to spend the money to buy new plant, especially since they are not typically familiar with sputtering and similar processes. Alternatives to vacuum fabrication for thin-film batteries are being developed including coating and lamination. And flexible batteries could potentially be manufactured in an R2R process,

About n-tech:

n-tech Research is the rebrand of NanoMarkets. Our firm is a recognized leader in industry analysis and forecasts in advanced materials and novel energy sources. Visit http://www.ntechresearch.com for a full listing of the firm's reports and other services.

SOURCE n-tech Research