Thin Film Battery Markets are Forecast to Reach $3.4 Billion by 2021

Date: 2015-09-16

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. 

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. 

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.

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. 

Thin film battery markets at $35 million in 2014 are 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.

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample