The global printed battery market is estimated to make substantial inroads into flexible electronic devices over the forecast period. Technological proliferation and the lightweight and compact structure of these batteries are expected to drive market growth.
Rapid growth of printed battery market is anticipated over the forecast period as technology is expected to improve the cost structure of manufacturing. The emergence of new addressable applications and insistent demand for equipment such as passive radiofrequency identification tags, smart cards, transdermal patches, Internet of Things (IoT), and electronic wearable devices, all of these demand flexibility and thinness, are expected to drive the market to mass commercialization in the next seven years.
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Emerging trends of thin, slim, and flexible products and gadgets such as tablets and mobile phones have augmented the thin film or printable battery industry. These batteries are eco-friendly and are considerably energy-efficient as compared to conventional ones. The importance of green eco-friendly technologies is noticeable as the impact on environment is a predominant factor for the development of new and innovative technologies.
Printed batteries are mainly used for low power source and short lifespan applications. Key areas of application for thin film batteries include RFID tags, medical implants, electronic wearable devices, hearing aids, and wireless sensors.
Electronic wearable devices are presumed to be a major growth area for printable batteries. Conventional ones meet the power requirement, but struggle to achieve thinness, lightweight, and flexibility as required by the wearable devices.
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Medical implants, hearing aids, medical diagnostic devices, and medical sensor applications are also expected to emerge as vital growth areas. LiPON-based thin lithium batteries provide safety, high capacity, and long life with stable power sources.
Currently, an RFID tag is the key revenue-generating segment for the market. Smart card is also expected to remain an attractive segment over the forecast period and several printed batteries have been optimized to meet the requirement for lamination.
Power Paper Ltd. developed printable batteries having a thickness of 0.6–0.7 mm. The batteries are flexible having the same flexibility as that of the paper on which they are printed and are environment-friendly, elastic, safe, and flexible 1.5V/3V batteries with ink-base energy cells.
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