North America Thin Film and Printed Battery Market
Published On: Mar 2025
Published On: Mar 2025
According to Business Market Insights' research, the North America thin film and printed battery market was valued at US$ 54.99 million in 2023 and is expected to reach US$ 241.47 million by 2031, registering a CAGR of 20.3% from 2023 to 2031. Miniaturization of electronics and rising demand for wearable devices are among the critical factors attributed to drive the North America thin film and printed battery market growth.
In today's fast-paced world, consumer electronics have become integral to everyone's lives. From smartphones to wearable devices, the demand for more powerful and smaller gadgets continues to rise. As consumer electronics continue to shrink in size, traditional battery technologies struggle to keep up with the demand for compact and long-lasting power sources. Thin film and printed batteries, and micropower sources have emerged as a solution to this problem. These thin energy storage devices offer high energy density in a small form factor, making them ideal for powering ever-shrinking consumer electronics. In order to meet the demands of miniaturization, researchers are exploring new designs and materials to augment energy storage capacity while reducing the size of these batteries. Nanotechnology, for instance, has played a crucial role in developing thin film and printed batteries with higher energy densities and improved cycle life. The applications of thin film and printed batteries extend beyond just smartphones and wearable devices. They are also utilized in medical implants, hearing aids, wireless earphones, and even miniature drones. These energy storage solutions are revolutionizing industries and enabling the development of innovative products that were once unimaginable. Thus, the growing miniaturization of electronic devices will continue to be a key trend in the North America thin film and printed battery market.
On the contrary, the high cost of implementation hampers the growth of North America thin film and printed battery market.
By voltage rating, the North America thin film and printed battery market is segmented into below 1.5 V, 1.5-3 V, and above 3 V. The below 1.5 V segment held 37.9% share of North America thin film and printed battery market share in 2023, amassing US$ 20.82 million. It is projected to garner US$ 85.73 million by 2031 to register 19.4% CAGR during 2023-2031.
In terms of chargeability, the North America thin film and printed battery market is bifurcated into rechargeable and single-use. The rechargeable segment held 61.3% share of North America thin film and printed battery market share in 2023, amassing US$ 33.69 million. It is projected to garner US$ 153.94 million by 2031 to register 20.9% CAGR during 2023-2031.
Based on application, the North America thin film and printed battery market is consumer electronics, medical devices, smart packaging, smart cards, wireless sensors, and others. The consumer electronics segment held 33.6% share of North America thin film and printed battery market share in 2023, amassing US$ 18.50 million. It is projected to garner US$ 82.56 million by 2031 to register 20.6% CAGR during 2023-2031.
Based on country, the North America thin film and printed battery market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 80.9% share of North America thin film and printed battery market in 2023. It was assessed at US$ 44.47 million in 2023 and is likely to hit US$ 199.51 million by 2031, registering a CAGR of 20.6% during 2023-2031.
Key players operating in the North America thin film and printed battery market are Excellatron, Imprint Energy, Molex LLC, RENATA SA, Samsung SDI Co Ltd, STMicroelectronics NV, Ultralife Corp, and Varta AG, among others.
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