The growing popularity of miniaturized electronic systems has emerged as a key trend in the electronics industry. This trend has given a thrust to the growth of the global flexible battery market. The growing use of flexible batteries in the electronics industry can be attributed to the need for wearable electronic devices. Furthermore, the light-weight and conformity of flexible batteries has led to increased demand within the global market. As portable electronics gather popularity across the globe, the revenue index of the flexible battery market is projected to improve.
Imprint Energy lately developed its flagship Imprint Battery Developer’s Kit (BDK) that helps developers in customizing their own products. Flexible batteries are an important component of this kit as these batteries help in desired prototyping of products. Several other players are also investing in the development of flexible batteries that can align with multiple products.
Get Sample Copy of this Report @
This blog by TMR Research on the global flexible battery market looks into the key dynamics of market growth.
Popularity of Lithium-Ion Batteries
The use of lithium-ion batteries across the electronics industry has played an underhanded role in the growth of the global flexible battery market. Furthermore, the use of flexible primary batteries in smart cards and disposable devices has emerged as a prominent driver of demand within the market. The advantages of flexible primary batteries have led several electronic manufacturers to explore its uses.
Asia Pacific to Lead Market Growth
The proliferation of electronic manufacturing in several parts of the world, especially across India and China, has given a thrust to the growth of the global flexible battery market. Furthermore, the region is quick to embrace new technologies, and flexible batteries have gained popularity in the region.
Read Comprehensive Overview of Report @
The prominent companies existing in the global flexible battery market include LG Chem Ltd., Brightvolt Inc., Blue Spark Technologies, Inc., NEC Energy Solutions Inc., and Solicore Inc.