Market of thin film batteries to reach $1,986.5 million in 2018: Frost & Sullivan

Telecom Lead India: Emerging bandwagon of slim gadgets
such as mobile phones and tablets has augmented the market of thin film
batteries.


The thin film batteries market calculated worth $86.7
million in 2011 and is estimated to reach $1,986.5 million in 2018, according
to Frost & Sullivan.


Thin film batteries can be the solution to power
ultra-thin devices.


The study anticipates that medical implantable devices
could be powered by thin film batteries in future.


Thin film battery powered RFID, smart cards and
transdermal patches are likely to drive market to mass commercial scale, in the
recent future.


“Convergence in electronic gadgets is becoming the
key growth factor for the future generation. Thin film batteries offer the solution
to power ultra-thin devices, making it suitable for future gadgets. Demand for
high power, ultra-thin battery to power miniature devices creates huge market
potential for this chemistry across different end-user applications,” said
Suba Arunkumar, Industry Manager.


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