Solid state thin-film batteries market to hit $5.95 billion by 2019

The solid state thin-film batteries market was valued at $65.9 million in 2012, and has been forecast to reach a valuation of $5.95 billion by 2019, with market growth the result of the implementation of a connected world of sensors.

Thin film batteries are similar to lithium-ion batteries, but they are composed of thin materials, some only nanometres or micrometers thick, which allow for the finished battery to be just millimeters thick. They have been developed and advanced primarily within the last decade. These batteries consist of a substrate, electrolyte, current collector, anode, cathode, and a charge separator.

Development trends are pointing toward integration and miniaturization. Many technologies have progressed down the curve, but traditional batteries have not kept pace. The technology adoption of solid state batteries has implications to the chip grid.

One key implication is a drive to integrate intelligent rechargeable energy storage into the chip grid. In order to achieve this requirement, a new product technology has been embraced: Solid state rechargeable energy storage devices are far more useful than non-rechargeable devices.

Power delivery is different in solid state thin film batteries, - there is more power per given weight. The very small and very thin size of solid state batteries helps to reduce the physical size of the sensor or device using the battery.

Solid state batteries can store harvested energy. When combined with energy harvesting solid state batteries can make a device stay in the field almost indefinitely, last longer, power sensors better.

Thin film battery market driving forces include creating business inflection by delivering technology that supports entirely new capabilities. Sensor networks are creating demand for thin film solid state devices.

Vendors doubled revenue and almost tripled production volume last year. Multiple customers are moving into production with innovative products after successful trials.

For more information on the solid state thin-film batteries market, see the latest research: Solid State Thin-Film Batteries Market

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