Flexible Batteries Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Thin Film Batteries, Laminar Lithium Polymer Batteries, Printed Batteries, Curved Batteries, and Others), By Chargeability (Rechargeable, and Non Rechargeable), By Material Type (Electrode, and Electrolyte), By Application (Consumer Electronics, Medical Devices, Smart Packaging, Internet of Things (IoT), Automotive, and Transportation), and Region

Flexible Batteries Market was valued at US$ 374.5 million in 2023 and is projected to grow at a CAGR of 21.2% from 2024 to 2030. The flexible battery market is a rapidly evolving sector driven by a confluence of technological advancements, evolving consumer demands, and a growing emphasis on miniaturization and wearability across various industries. These batteries, with their ability to bend and conform to different shapes, are paving the way for innovative applications previously limited by rigid battery technology. Continuous research and development (R&D) efforts are leading to significant advancements in flexible battery technology. These advancements include improved energy density, enhanced safety features, and lower production costs.

Researchers are developing new electrode materials and electrolytes that can store more energy within a smaller battery size. In addition, flexible batteries are being designed with improved safety features to minimize the risk of overheating or explosions. As manufacturing processes are optimized, the cost of producing flexible batteries is expected to decrease, making them more accessible for various applications. There's a growing emphasis on developing smaller, lighter, and more portable electronic devices across industries. This trend necessitates the adoption of flexible batteries that can be miniaturized without compromising on performance. Moreover, flexible batteries enable the creation of sleek and comfortable wearable electronics while also allowing for the development of compact and lightweight devices in other sectors, such as medical devices and consumer electronics. However, compared to traditional rigid batteries, flexible batteries currently offer lower energy density. This can limit their applicability in devices requiring high power output.

Flexible Batteries Market Key Developments

• In March 2023, STMicroelectronics, made lithium batteries perform well and remain long lasting with high accuracy BMS (Battery Management System) controller. STMicroelectronics L9961 BMS device provides accuracy and flexibility to improve the performance, lifetime, and safety of Li-ion as well as Li-polymer batteries.
• In August 2022, Samsung stated that they would be introducing graphene batteries to enter mobile phones.