Printed Batteries Market size was valued at USD 287.03 million in 2023 and is expected to reach USD 16.71 billion by the end of 2036, registering around 36.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of printed batteries is assessed at USD 371.3 million.
The demand for the printed batteries is increasing owing to the increase in the electronics market numbers. The use of printing in cell fabrications offers numerous benefits, including higher flexibility of form factor, low cost, and ease in production than other simple batteries. The market demand for electronic devices including watches, mobile phones, wearable medical devices has increased the printed batteries demand. Furthermore, the integration of the printed batteries in advanced electronic devices is way more manageable, which is likely to fuel the market's growth in the forecast period. In addition, printing technology allow simple and low cost up-scaling with rapid technology transfer.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
36.7% |
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Base Year Market Size (2023) |
USD 287.03 million |
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Forecast Year Market Size (2036) |
USD 16.71 billion |
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Regional Scope |
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Based on the voltage type, the below 1.5 voltage segment is anticipated to register the fastest growth rate across the regions, over the forthcoming years. These batteries are used in numerous applications, including smart labels, wearable electronics, medical devices, and other electronic devices.
The printed batteries market is segmented on applications into energy, wearable technology, smart packaging, consumer electronics, medical devices, smart cards, etc. The consumer electronics segment is expected to capture a significant market share in the forecast period due to significant technology applications.
Our in-depth analysis of the global market includes the following segments
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By Product Type |
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By Applications |
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North America Market Statistics
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. North America industry is likely to hold largest revenue share by 2036, due to application of printed batteries in wearable devices, smart packaging, and smart cards. Moreover, major printed battery manufacturers, including Ultralife Corporation, Blue Spark Technologies, and BrightVolt, are present in North America and thus in turn supporting the market growth for printed batteries in the region.
APAC Market Analysis
The Asia Pacific market is predicted to grow at the highest CAGR over the forecast period for printed batteries due to increased consumer electronics and medical devices industries.
Author Credits: Dhruv Bhatia
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