Thin-film batteries market driven by the growth of interconnected gadgets, increased miniaturised devices and rapid expansion of wireless connectivity
Global Thin-film Batteries (TFB) Market - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-19 00:16:02
The global thin-film batteries market reporting global trends as an increased demand for miniaturised devices, growth of interconnected gadgets in the Internet of Things, greater gadget flexibility and the rapid expansion of wireless intelligence and connectivity drives increased demand for TFB batteries.
TFB manufacturers are expected to evolve from product vendors to solution providers. This evolution will occur through the downstream integration of product vendors that are looking to create newer revenue-generating channels.
Disruptive technologies, such as near-field communication (NFC), can hamper the market, especially TFB applications in smart cards, which are expected to constitute a major application segment. So, TFB manufacturers must develop risk-mitigation strategies and enhance their application portfolios.
Increasing production volumes is expected to provide cost advantages and allow TFB manufacturers to become more price competitive. This is especially needed as price competition is driving coin cells and supercapacitors, which are used in the same projects as TFBs.
Mega Trends in end-user industries include increasing component miniaturization and flexibility as well as expansion in the use of wireless intelligence and sensors. In most cases, TFBs have a competitive advantage that will drive their demand.
Increasing industry awareness could open up huge opportunities for TFBs in a variety of new gadgets such as wearables (smart watches and glasses) and identification devices (such as in Tile).
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