Thin Film Battery Market at $35 million in 2014 is forecast to reach $3.4 billion by 2021. Rapid growth toward the end of the forecast period is anticipated as technology improves the cost structure of the manufacturing.
Thin film battery market driving forces include creating business inflection by delivering technology that supports entirely new capabilities. Sensor networks are creating demand for thin film solid state devices. Vendors doubled revenue and almost tripled production volume from first quarter. Multiple customers are moving into production with innovative products after successful trials.
A strong business pipeline has emerged with customer activity in all target markets. The market focus is shifting from ramping capacity to driving manufacturing efficiencies and achieving margin improvement, indicating increasing market maturity.
The quality of energy storage is better with thin film batteries. Thin Film Batteries A comparison of battery performance for various rechargeable batteries is a compelling illustration of the value of thin film batteries. Data for thin film batteries using very thin substrates illustrate the longer cycle life that can be achieved. Applications include power bridging, permanent power, and wireless sensor networks..
Thin film battery market driving forces include creating business inflection by delivering technology that supports entirely new capabilities. Sensor networks are creating demand for thin film solid state devices. Vendors doubled revenue and almost tripled production volume from first quarter. Multiple customers are moving into production with innovative products after successful trials.
A strong business pipeline has emerged with customer activity in all target markets. The market focus is shifting from ramping capacity to driving manufacturing efficiencies and achieving margin improvement, indicating increasing market maturity.
Smarter computing is part of an IT opportunity, brought by the availability of many, many devices that measure what is going on in the world. These devices are made possible by the availability of small, inexpensive, reliable batteries that provide battery backup on the printed circuit board. Smarter computing is related to achieving a more instrumented, interconnected and intelligent infrastructure.
Software and onboard storage are significant aspects of making the networks more intelligent. The need to capture and analyze increasing amounts of data, deliver results to more users, and respond faster across all devices, without a corresponding increase in budget is a function of better management and better systems. Back up power is part of the picture.
Key application areas for thin film batteries are:
Medical implants
Hearing aids
RFID tags
Electronic wearable devices
Smart cards
Key application areas for solid stare batteries are:
Power bridging
Permanent power
Wireless sensors
As energy harvesting and wireless sensor networks evolve, the thin film batteries provide an uninterruptable, stable power source that lasts as long as the electronics with which it is packaged. In some cases, changing batteries is not feasible, ant these applications are illustrative of those kinds of instances.
According to Publisher, “Thin film batteries for electronics brings advantages to batteries of less weight, lower cost potentially, higher energy density eventually, and a smaller footprint. Substantially increasing the energy density while lowering costs is the aim of this industry segment. While this has not yet been achieved, it will be done and those who achieve the breakthrough stand to benefit substantially.”