Flexible Batteries Market likely to Reach US$ 2 Bn by 2026
Transparency Market Research (TMR) (www.transparencymarketresearch.com) has published a new
report titled, ‘Flexible Batteries Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast, 2018–2026’. According to a new report, the global flexible batteries market was valued at
US$ 250.0 Mn in 2017 and is projected to expand at a CAGR of 30.0% from 2018 to 2026. The global
market for flexible batteries market is primarily driven by the rise in demand for flexible batteries from
electronic manufacturers and assemblers. The flexible batteries market in Asia Pacific is anticipated
to expand at a rapid pace during the forecast period owing to the increase in presence of electronic
manufacturers and assemblers. Rise in production capacities of manufacturing companies and
assembly plants in the region is likely to drive the demand for flexible batteries during the forecast
period.
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Increase in Demand for Smart Wearable Devices
Internet of Things (IoT) devices connect numerous objects to the internet. IoT devices, such as smart
wearable devices, near-body electronics, on-body electronics, in-body electronics, and electronic
textiles, are widely used to monitor, diagnose, gauge, navigate, and track applications. These
wearable devices are powered by thin films and flexible batteries. Widespread deployment of IoT
enabled smart wearable devices is anticipated to boost the demand for flexible batteries. Increase in
demand for smart watches, fitness bands, smart glasses, smart video/ photo devices, and smart
clothing is projected to propel the global flexible batteries market during the forecast period.
Growing Demand for Flexible Batteries in Health Care Applications
Flexible batteries are used in medical patches and patient monitoring, transdermal drug delivery, and
accelerated healing devices. Tran