Global Flexible Battery Market – Industry Trends and Forecast to 2030

Global Flexible Battery Market, By  Product Type (Advanced Lithium-Ion Batteries, Flexible Zinc-Carbon Batteries, Thin Film Batteries and Printed Batteries and Laminar Lithium Polymer Batteries), Chargeability (Rechargeable Battery and Single-Use Battery), Voltage (1.5V, between 1.5V and 3V and Above 3V), Capacity (10 mAH, Between 10 mAH and 100 mAH and Above 100 mAH), Material (Electrically Conductive Material and Ionically Conductive Material), Application (Transportation and Logistics, Smart Packaging, Healthcare, Consumer Electronics, and Others) - Industry Trends and Forecast to 2030. 

Flexible Battery Market Analysis and Size

The global flexible battery market is segmented on the basis of product type, chargeability, voltage, capacity, material, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Data Bridge Market Research analyses that the global flexible battery market, which was USD 134.6 million in 2022, would rocket up to USD 782.45 million by 2030 and is expected to undergo a CAGR of 47.40% during the forecast period. “Advanced Lithium-Ion Batteries” dominates the component segment of the global flexible battery market due to advanced lithium-ion batteries having a high energy density, which means they can store energy in a small space. This is important for flexible batteries, which must be lightweight and compact. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Flexible Battery Market Scope and Segmentation

Market Definition

The global flexible battery market refers to the industry focused on the research, development, production, and sale of flexible and thin batteries. These batteries are designed to be lightweight, thin, and bendable, allowing them to conform to various shapes and sizes. The market encompasses the manufacturing and supply of flexible batteries used in a wide range of applications, including wearable electronics, IoT devices, portable electronics, medical devices, and other emerging technologies. It also includes related services such as battery testing, customization, and integration into end products.

Global Flexible Battery Market Dynamics

Drivers

• Advancements in IoT and connected devices

The rapid expansion of the Internet of Things (IoT) and the proliferation of connected devices drive the need for flexible batteries. IoT devices often require compact and flexible power solutions to enable wireless connectivity, data collection, and remote monitoring, creating a significant market opportunity for flexible batteries.

• Technological advancements in flexible electronics

The continuous advancements in flexible electronic technologies, including flexible displays, foldable smartphones, and e-textiles, fuel the demand for flexible batteries. These batteries provide the necessary power to enable flexible and bendable designs, enhancing the overall functionality and usability of such devices.

• Increasing emphasis on miniaturization and lightweight designs

As Consumer Electronics and portable devices become increasingly compact and lightweight, there is a growing need for energy sources that match these design requirements. Flexible batteries, with their thin and lightweight characteristics, offer a viable solution for powering these devices, driving their adoption in the market.

Opportunities

• Rapidly growing wearable technology market

The increasing demand for wearable devices, such as smartwatches, fitness trackers, and healthcare monitors, presents a significant opportunity for flexible batteries. These batteries can provide the required power while conforming to the compact and flexible form factors of wearable devices.

Restraints/Challenges

• Limited energy density

Flexible batteries often have lower energy density compared to traditional rigid batteries. This limitation restricts their capacity to store and deliver power, which can affect their suitability for certain high-power applications or devices with long battery life requirements.

This global flexible battery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the flexible battery market, contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Development

• In May 2023, STMicroelectronics introduced the L9961 battery-management-system (BMS) device, offering improved performance and durability for lithium batteries. With high accuracy and flexibility, it enhances the safety, lifetime, and efficiency of Li-ion and Li-polymer batteries, making it ideal for various applications such as cordless power tools, backup energy-storage systems, and medical devices. The L9961 features advanced functionalities, including cell balancing, coulomb counting, and extensive safety features while consuming minimal energy from the battery pack. It is now available in the market, offering enhanced battery management at a competitive price
• In November 2016, Panasonic announced the development of a flexible lithium-ion battery that maintains its capacity even when bent or twisted. With a thickness of just 0.55 mm, the battery is designed for card-type and wearable devices. It can withstand repeated bending into a radius of 25 mm or twisting up to ±25 degrees, retaining 80 to 99 percent of its initial capacity even after 1,000 bends. Panasonic plans to start sample shipments by the end of the month, with ongoing development efforts focused on further reducing the battery's thickness for full-scale production

Global Flexible Battery Market Scope

The global flexible battery market is segmented on the basis of product type, changeability, voltage, capacity, material, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and insights to help them make strategic decisions for identifying core market applications.

Product Type

• Advanced Lithium-Ion Batteries
• Flexible Zinc-Carbon Batteries
• Thin Film Batteries
• Printed Batteries
• Laminar Lithium Polymer Batteries

Chargeability

• Rechargeable Battery
• Single-Use Battery

Voltage

• 1.5V
• between 1.5V and 3V
• Above 3V

Voltage

• 10 mAH
• Between 10 mAH and 100 mAH
• Above 100 mAH

Material

• Electrically Conductive Material
• Ionically Conductive Material

Application

• Transportation and Logistics
• Smart Packaging
• Healthcare
• Consumer Electronics
• Others

Global Flexible Battery Market Regional Analysis/Insights

The global flexible battery market is analyzed and market size insights and trends are provided by region, product type, chargeability, voltage, capacity, material, and application as referenced above.

The countries covered in the global flexible battery market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia Pacific is expected to dominate  the global flexible battery market because there is a growing demand for flexible batteries in the region's electronics market. Moreover, the presence of major flexible battery manufacturers in the region, such as Samsung SDI, LG Chem, and Enfucell Oy Ltd., and the availability of low-cost raw materials and labor in the region are driving the market growth in the region. The Asia Pacific region is the fastest-growing market for flexible batteries. This is due to the increasing demand for flexible batteries in the region's growing wearables and healthcare industries. Countries such as China, India, and South Korea are leading the growth of the flexible battery market in the Asia Pacific.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Semiconductor Infrastructure growth Installed base and New Technology Penetration

The global flexible battery market also provides you with a detailed market analysis for every country’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global flexible battery market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios and their impact on the flexible battery market. The data is available for the historic period 2015-2020.

Competitive Landscape and Global Flexible Battery Market Share Analysis

The global flexible battery market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global flexible battery market.

Some of the major players operating in the global flexible battery market are:

• LG Chem (South Korea)
• Samsung SDI (South Korea)
• Panasonic Corporation (Japan)
• Enfucell Oy (Finland)
• Blue Spark Technologies (U.S.)
• BrightVolt Inc. (U.S.)
• STMicroelectronics (Switzerland)
• Ultralife Corporation (U.S.)
• NEC Corporation (Japan)
• Jenax Inc. (South Korea)
• Power Paper Ltd. (Israel)
• Cymbet Corporation (U.S.)
• EnerDel Inc. (U.S.)
• Prologium Technology Co., Ltd. (Taiwan)
• Fullriver Battery (China)