Thin-film battery revenues to come from medical devices, sensors and watches

19 May 2009

Thin-film batteries are being designed as energy storage devices for small photovoltaic or thermoelectric systems to create ultra-long-lived power sources for medical devices, sensors and watches —  applications where battery replacement is expensive or difficult to achieve. More than four million thin-film batteries will ship in 2009 alone.

NanoMarkets has published its report on the latest analysis and market projections for thin-film batteries: Thin-Film Batteries: Current and Future Markets 2009-2016.

NanoMarkets' analysis suggests that cumulative revenues from thin-film batteries will reach almost US$1.1 billion in 2016 with almost 60%of this coming from two applications; sensors and smartcards. Smartcards are highly suited to thin battery technology, because cards equipped with standard coin batteries do not fit easily in wallets or card readers.

NanoMarkets also envisions thin-film batteries playing a key role in powering distributed sensors and sees these type of batteries being the perfect power source for large-area flexible sensor arrays which NanoMarkets believes will rapidly penetration military, medical, computing, environmental market. It forecasts that by 2016, the value of products shipping with thin film batteries in them will reach US$3.2 billion.

Nonetheless, NanoMarkets notes that for thin film batteries to fulfill its promise, this new technology will need more investment. The firm notes 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.

About the report

The new NanoMarkets report, Thin-Film Batteries: Current and Future Markets 2009-2016, analyzes and quantifies the opportunities for thin-film batteries. It contains detailed eight-year forecasts of thin-film batteries and the products that are powered by them.

It also contains assessments of both lithium-based and newer battery chemistries as well as profiles of the leading companies in this space including Biophan, Cymbet, Enable IPC, Excellatron, Front Edge Technology, Infinite Power, ITN Energy, NanoEner, NEC, ORME, Planar Energy, Solicore and Ultralife. Applications covered include RFID and smart packaging, ESLs, smart cards, sensors, medical devices and implants, computer clocks and battery backup RAM.

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