Wellesley, MA (PRWEB) September 23, 2013
According to a new technical market research report, Global Markets and Technologies for Thin-Film Batteries from BCC Research (http://www.bccresearch.com), the global market for thin-film batteries (TFBs) was valued at $51.8 million in 2012 and is expected to reach $87.3 million by 2013. BCC Research projects the market to reach nearly $647.6 million by 2018, and register a compound annual growth rate (CAGR) of 49.3%.
Driven by the electronics industry, miniaturization trends have expanded into other fields including the energy sector. In recent years, very thin and ultrathin batteries that are just a few millimeters thick have gained interest for application in products such as smart cards, radio-frequency identification (RFID) tags, medical devices, and sensors among others.
The global market for TFBs is growing rapidly in conjunction with the increasing demand for thin, small-footprint, and flexible devices within various industries. The growth of TFBs is being facilitated by the growing demand for small-footprint TFB devices with increased storage capacity and also by the adoption of mass-production thin-film fabrication methods that allow for higher throughput and lower unit prices. BCC Research expects demand for TFBs to continue growing at a rapid rate during the next five years.
This comprehensive report applies to industry segments such as electronics, energy, automotive, sensors and instrumentation, and medical electronics. The study estimates the current global markets for TFBs by type, application, and region, along with growth forecasts through 2018 for each market segment. It provides an updated review of the most important advances in TFB technology and production methods, and offers a detailed overview of the current market, including an objective analysis of prospects for future growth. The report examines the TFB industry based on the following segments: type, chemistry, application, and region.
In addition, this in-depth study presents an updated review of current industry players, including manufacturers of TFBs, materials and fabrication equipment, and technology developers. The report provides a description of the most relevant research and development activities and identifies trends in recently issued U.S. patents.
The technology section of this report is based on information derived from technical literature, related BCC reports, professional journals, the author’s field experience, and online sources. The global market analysis presented in this report was performed by a thorough investigation of manufacturers of TFBs, raw material suppliers, producers of thin-film fabrication equipment, and developers of new technologies, accounting for at least 90% of the global market.
This report is intended for executives, directors, operations managers, sales and marketing managers, and strategic planners working within the electronics, energy, automotive, sensors and instrumentation, and medical electronics industries. Universities and research facilities will find this report to be a good source of technical information regarding TFB technology and its applications. Librarians of technical information and research centers can also use this report to provide critical data to product managers, market analysts, researchers, and other professionals who need detailed and updated insights into the TFB industry.