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Sensors, smart cards drive thin-film battery market

Posted: 13 May 2009 ?? ?Print Version ?Bookmark and Share

Keywords:thin film battery? smart cards? sensors?

A new analysis from NanoMarkets forecasted that cumulative revenues from thin-film batteries will reach more than $1 billion in 2016 with almost 60 percent of this coming from two applications; sensors and smart cards.

The report entitled, Thin-Film Batteries: Current and Future Markets 2009-2016, stated that smart cards are highly suited to "thin" battery technology, because cards equipped with standard coin batteries do not fit easily in wallets or card readers. According to the market research firm, thin-film batteries could play a key role in powering distributed sensors, being suitable power sources for large-area flexible sensor arrays, which NanoMarkets believed will rapidly penetrate military, medical, computing and environmental market. By 2016, the value of products shipping with thin film-batteries in the said applications will reach almost $3 billion.

NanoMarkets also noted that for thin-film batteries to fulfill their promise, the technology will need more investment. The report noted that many of the firms with interesting technologies in this space are underfunded and only Power Solutions and Solicore have raised substantial money in the recent past. Raising new funds to bring thin-film battery products to market in the current climate will be a major challenge and could slow the market's overall development, the report said.

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