Smartphone battery revenue grew 5% to $1.5 bn in first quarter

The smartphone battery cells revenue rose 5 percent to $1.5 billion in Q1 2020, according to Strategy Analytics.
Smartphone battery supplier market shareTDK owned Amperex Technology has smartphone battery market share of 36.5 percent in Q1 2020. Amperex Technology supplied battery cells with higher capacities to leading smartphone OEMs.

LG Chem has 28.4 percent share in the worldwide smartphone battery market during the first quarter. Korea-based LG Chem expanded its customer base with design wins in flagship smartphones.

Samsung SDI has 17.5 percent share in the global smartphone battery market in the first quarter of 2020.

The top-three vendors captured almost 82 percent revenue share in the global smartphone battery market in Q1 2020.

“The battery cell market for smartphones observed an annual increase in revenue owing to adoption of higher cell capacities and custom-designed lithium-ion polymer (Li-Po) cells by smartphone OEMs,” said Jeffrey Mathews, analyst at Strategy Analytics.

The demand for smartphone battery cells is expected to be impacted by the slowdown in smartphone shipments and smartphone production halts due to Covid-19 pandemic.

“Battery cell vendors will supply OEMs with customized battery cells in flagship smartphones to drive revenue in 2020,” Stuart Robinson, executive director Handset Component Technologies Service at Strategy Analytics, said.