Global Flexible Battery Market is projected to reach a value of over USD 380.2 million by 2027

Flexible Battery Market: Summary

The Global Flexible Battery Market is projected to reach a value of over USD 380.2 million by 2027 at a CAGR of around 26.5%.

Flexible battery refers to a batteries which designed conformal as well as flexible unlike standard rigid ones. It benefits with light weight, flexibility, high power and portable device which can be easily implement into the product such as wearable electronics and flexible devices. Whereas, these devices can be used for portable medical devices during the Covid-19 which can help the market to boost its efficiency.

Hence, these battery can be implemented to a various range of devices which require energy storage and can be used in both connected and wearable devices. These trend will lead to improve the growth of the market in the forecast period.

Flexible Battery Market: Drivers & Restraints

Market Driver:

  • Rising Demand for IoT Devices

With the rising demand for Internet of things (IoT) devices is a key driver in the growth of medical sector in the forecast period. Also it being used in medical industries for designing and flexible battery to enhance the power and for smart patches. However, the advance version of delivery system of drug, pacemakers, disposable devices, biosensors and medical sensor are using flexible and advance power device. Moreover, the wireless communication applications is adoption the new emerging technologies which includes industrial IoT to integrate flexible batteries.

Hence, these growing demand of the IoT device and use of flexible battery in medical device to treat the patients during the pandemic may lead to increase the demand of the market in the projected period.

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Market Restraints:

  • High Cost of Initial Investment

One of the major key concern of the flexible battery market is the high cost of initial investment which may hamper the market growth. The high upfront costs with compared to various other technologies enable them to high cost make up for the high initial cost by providing high lifetime efficiency. However, the high cost of raw materials and the materials processing lead to increase the initial expenses of the market. Whereas, the materials processing is very complex to separate from the materials cost which may lead to increase the complexity of the flexible battery market in the projected period.

Flexible Battery Market: Key Segments

  • Segmentation based on Type: Thin-Film Battery, Printed Battery, Curved Battery and Other.
  • Segmentation based on Component: Electrodes, Electrolytes and Others.
  • Segmentation based on Chargeable Type: Rechargeable Battery and Single Use Battery.
  • Segmentation based on Material: Lithium Polymer, Zinc and Lithium Ion.
  • Segmentation based on Voltage Type: Below 1.5V, between 1.5V and 3V and above 3V.
  • Segmentation based on Application: Consumer Electronics, Medical Tools, Entertainment, Smart Packaging, Wireless Communication/Sensor and Others.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

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Flexible Battery Market: Report Scope

The report on the flexible battery market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features


Historical/Estimated/Forecasted Market Size Years


Base Year for Market Calculation


Forecasted Period

2021–2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Type, Components, Chargeable Type, Materials, Voltage Type, Application, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • LG Chem (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Blue Spark Technologies
  • Apple Inc.
  • Panasonic Corporation
  • Ultralife Corporation
  • BrightVolt.
  • Enfucell Oy
  • ProLogium Technology Co., Ltd
  • Molex
  • Other Key Companies
  • Energy Diagnostics Limited
  • Jenax Inc.

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Flexible Battery Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Flexible Battery Market, by Type

  • Thin-Film Battery
  • Printed Battery
  • Curved Battery
  • Other

Flexible Battery Market, by Component

  • Electrodes
  • Electrolytes
  • Others

Flexible Battery Market, by Chargeable Type

  • Rechargeable Battery
  • Primary Batteries
  • Secondary Batteries
  • Single Use Battery

Flexible Battery Market, by Material

  • Lithium Polymer
  • Zinc
  • Lithium Ion

Flexible Battery Market, by Voltage Type

  • Below 1.5V
  • Between 1.5V and 3V
  • Above 3V

Flexible Battery Market, by Application

  • Consumer Electronics
  • Medical Tools
  • Entertainment
  • Smart Packaging
  • Wireless Communication/Sensor
  • Others

Flexible Battery Market, by Region

  • North America
  • US
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • Taiwan
  • South Korea
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 GLOBAL FLEXIBLE BATTERY MARKET BY TYPE, Market Size in USD Million (2019–2027)




10 Competitive Landscape

11 Company Profiles

12 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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