Flexible Battery Market to grow at a CAGR of 22.79% from 2022 to 2027, the rising popularity of rechargeable printed batteries to be an emerging trend in the market - Technavio

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NEW YORK, March 20, 2023 /PRNewswire/ -- The global flexible battery market size is estimated to grow by USD 240.47 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 22.79% during the forecast period. The growing popularity of rechargeable printed batteries is a major trend fueling market growth. Along with durability, recharging was also a challenge for the printed batteries. Vendors are extensively working towards developing rechargeable printed batteries at lower costs and with safety aspects as the primary focus. For instance, Imprint Energy, created printable, flexible, and non-toxic zinc batteries. The company aimed at improving portable power by offering the performance of batteries at lower costs and by removing form factor limitations and safety concerns. These batteries are manufactured with a distinct polymer for the electrolyte to develop rechargeable printing batteries and are used for sensors and toys.

Technavio has announced its latest market research report titled Global Flexible Battery Market 2023-2027
Technavio has announced its latest market research report titled Global Flexible Battery Market 2023-2027

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  • Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession

  • Global competitiveness and key competitor positions

  • Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report!

Flexible Battery Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on application (wearable electronics, medical devices, smart packaging, and others), type (rechargeable and non-rechargeable), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

  • The market share growth of the wearable electronics segment will be significant during the forecast period. The human body can quickly adapt to flexible batteries as these are not harmful to humans. As these batteries are flexible, they can easily fit into medical devices implanted into delicate body parts, such as the eyes. Vendors such as BrightVolt Solid State Batteries (BrightVolt) came up with a technology called transdermal drug delivery to administer drugs in a new way, where a thin power source, such as a printed battery, is required to power a patch implanted in a patient. In a standard medical patch, the body absorbs the drug as per the body's absorption rate. Hence, technological advances are expected to fuel the growth of the segment during the forecast period.

Geography Overview
By geography, the global flexible battery market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global flexible battery market.

  • APAC is estimated to contribute 47% to the growth of the global market during the forecast period. The growth can be attributed to factors such as the rising demand for IoT-enabled products and flexible consumer electronics in various countries across APAC. Companies such as LG Chem Ltd (LG Chem) and Samsung SDI Co., Ltd. (Samsung SDI) developed curved and flexible batteries to power mobile smartphones, smart glasses, and wearable electronics. This boosts the demand for flexible batteries. Major vendors of flexible batteries control most parts of the supply chain because of vertical integration. Hence, the contribution of APAC is dominant in the market.

Insights on the market contribution of various segments including country and region wise, historic market data (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report

Flexible Battery MarketMarket Dynamics
Key factor driving market growth
The growing demand for wearables is driving the market growth significantly.
Various vendors, such as Apple Inc. (Apple), Samsung Electronics Co Ltd (Samsung), ZTE Corp. (ZTE), and Xiaomi Corp. (Xiaomi) came up with wearable devices such as smartwatches, activity trackers, and fitness bands. Such devices help users track the number of things like distance traveled and the metabolic rate and heart rate of the human body. Printed batteries are extensively adopted as power sources in these devices due to their flexible design, shape, size, and compatible features. Hence, the rising demand for wearable devices is expected to increase the demand for printed batteries. This is expected to drive the growth of the market during the forecast period.

Major challenges hindering the market growth

The issues related to battery life are major challenges hindering market growth. The low capacity to supply power to electronic devices is the major challenge faced by a flexible or printed battery. Flexible or printed batteries have the same output voltage as a conventional battery (1.5 volts) with a drain current of 1 mA. But their battery life is limited to 4 mAh/sq. cm. Therefore, aprinted battery can only be used in small devices that require less power backup. This issue prevents them from expanding into consumer electronics sectors which include wearables and smartphones that need batteries that can run for long periods. Therefore, battery life-related issues are a major challenge impeding the market growth during the forecast period.

Insights on market drivers, trends, & challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Flexible Battery Market report?

  • CAGR of the market during the forecast period

  • Detailed information on factors that will drive the growth of the flexible battery market between 2023 and 2027

  • Precise estimation of the size of the flexible battery market and its contribution to the market with a focus on the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • Growth of the flexible battery market across APAC, Europe, North America, South America, and Middle East and Africa

  • A thorough analysis of the market's competitive landscape and detailed information about vendors

  • Comprehensive analysis of factors that will challenge the growth of flexible battery market vendors

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Flexible Battery Market Scope

Report Coverage


Base year


Historic period


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 22.79%

Market growth 2023-2027

USD 240.47 million

Market structure


YoY growth 2022-2023 (%)


Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 47%

Key countries

US, China, Japan, Germany, and UK, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Appear Inc., Apple Inc., BrightVolt, Enfucell, Imprint Energy, Jenax Inc., LG Energy Solution Ltd., Lionrock batteries Ltd., Molex LLC, Nokia Corp., Panasonic Holdings Corp., Poly Plus Battery Co., ProLogium Technology Co. Ltd., ROCKET Poland Sp. z o.o., Routejade Inc., Samsung SDI Co. Ltd., Shenzhen Grepow Battery Co. Ltd., STMicroelectronics NV, Ultralife Corp., and Wealhand Enterprise Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents

1 Executive Summary

  • 1.1 Market overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2022

  • 3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

  • 4.1 Global flexible battery market 2017 - 2021

  • 4.2 Application Segment Analysis 2017 - 2021

  • 4.3 Type Segment Analysis 2017 - 2021

  • 4.4 Geography Segment Analysis 2017 - 2021

  • 4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

  • 5.1 Five forces summary

  • 5.2 Bargaining power of buyers

  • 5.3 Bargaining power of suppliers

  • 5.4 Threat of new entrants

  • 5.5 Threat of substitutes

  • 5.6 Threat of rivalry

  • 5.7 Market condition

6 Market Segmentation by Application

  • 6.1 Market segments

  • 6.2 Comparison by Application

  • 6.3 Wearable electronics - Market size and forecast 2022-2027

  • 6.4 Medical devices - Market size and forecast 2022-2027

  • 6.5 Smart packaging - Market size and forecast 2022-2027

  • 6.6 Others - Market size and forecast 2022-2027

  • 6.7 Market opportunity by Application

7 Market Segmentation by Type

  • 7.1 Market segments

  • 7.2 Comparison by Type

  • 7.3 Rechargeable - Market size and forecast 2022-2027

  • 7.4 Non-Rechargeable - Market size and forecast 2022-2027

  • 7.5 Market opportunity by Type

8 Customer Landscape

  • 8.1 Customer landscape overview

9 Geographic Landscape

  • 9.1 Geographic segmentation

  • 9.2 Geographic comparison

  • 9.3 APAC - Market size and forecast 2022-2027

  • 9.4 Europe - Market size and forecast 2022-2027

  • 9.5 North America - Market size and forecast 2022-2027

  • 9.6 South America - Market size and forecast 2022-2027

  • 9.7 Middle East and Africa - Market size and forecast 2022-2027

  • 9.8 China - Market size and forecast 2022-2027

  • 9.9 Germany - Market size and forecast 2022-2027

  • 9.10 US - Market size and forecast 2022-2027

  • 9.11 Japan - Market size and forecast 2022-2027

  • 9.12 UK - Market size and forecast 2022-2027

  • 9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers

  • 10.2 Market challenges

  • 10.3 Impact of drivers and challenges

  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview

  • 11.2 Vendor landscape

  • 11.3 Landscape disruption

  • 11.4 Industry risks

12 Vendor Analysis

  • 12.1 Vendors covered

  • 12.2 Market positioning of vendors

  • 12.3 Appear Inc.

  • 12.4 BrightVolt

  • 12.5 Enfucell

  • 12.6 Imprint Energy

  • 12.7 Jenax Inc.

  • 12.8 LG Energy Solution Ltd.

  • 12.9 Lionrock batteries Ltd.

  • 12.10 Molex LLC

  • 12.11 Panasonic Holdings Corp.

  • 12.12 Poly Plus Battery Co.

  • 12.13 ROCKET Poland Sp. z o.o.

  • 12.14 Routejade Inc.

  • 12.15 Samsung SDI Co. Ltd.

  • 12.16 Shenzhen Grepow Battery Co. Ltd.

  • 12.17 Ultralife Corp.

13 Appendix

  • 13.1 Scope of the report

  • 13.2 Inclusions and exclusions checklist

  • 13.3 Currency conversion rates for US$

  • 13.4 Research methodology

  • 13.5 List of abbreviations

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Global Flexible Battery Market 2023-2027
Global Flexible Battery Market 2023-2027

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