Frost & Sullivan reports a huge growth potential for thin film batteries. It estimates the market to grow to $1,986.5 million in 2018 from $86.7 million in 2011. Thin film batteries are suitable for ultra-thin devices.
Several trends are discussed in the analysis. In the future, devices designed for medical implants may be powered through thin film batteries. Smart cards, RFID and transdermal patches that require thin film batteries will be the major products behind the market growth. Thin film batteries are expected to be more widely used in mobile phones and ultra-thin devices.
Suba Arunkumar, an Industry Manager, stated that for the future, a major growth factor seems to be convergence in electronic gadgets. Powering of future ultra-thin devices through thin film batteries are a suitable solution. Various end-user applications require ultra-thin batteries to deliver high power for miniature devices.
A webinar titled "Thin Film Batteries – Powering the Miniatures!" had been organized by Frost & Sullivan. It will be useful for manufacturers of medical implantable devices, RFID cards, sensors, cell phone and batteries.
The on-demand web conference summarizes the findings of the research. It analyzes thin film technology and its applications, as well as future technologies. The conference covered the global market trend for thin film batteries. It discussed the support and government policies in Asian countries for thin film batteries.