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Solid state thin film batteries market to hit $1.3B in 2021

Posted: 10 Apr 2015 ?? ?Print Version ?Bookmark and Share

Keywords:RnRMarketResearch.com? solid state batteries? wireless sensor? power bridging?

Solid state thin film battery markets valued at $9 million in 2014 are predicted to hit $1.3 billion by 2021, according to the latest RnRMarketResearch.com industry report. Rapid growth toward the end of the forecast period is anticipated as technology improves the cost structure of the manufacturing, noted the research firm.

"Solid state electronics brings the same advantages to batteries as it has brought to all other industry segments it touches. PCB manufacturers are finding that they can achieve a rapid return on investment from substantially decreasing the energy costs associated with using storage by wave soldering the storage onto the boards during the manufacturing process," stated the market research firm.

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 the 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 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 PCB. Smarter computing is related to achieving a more instrumented, interconnected and intelligent infrastructure.

Software and on board storage are significant aspects of making the networks more intelligent. The need to capture and analyse 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 solid state 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.





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