Flexible Battery Market - Size, Share, Industry Trends, and Forecasts (2025-2032)

By Type:

Based on the type, the market is bifurcated into printed battery and thin-film battery.

Trends in the Type:

• The trend towards adoption of sustainable and eco-friendly devise in smart packaging and medical sector is driving the need for printed batteries.
• The trend towards rising adoption of RFID tags in the retail industry is driving the progress of thin film battery segment.

The thin film battery accounted for the largest revenue share in the year 2024 and is anticipated to register the fastest CAGR during the forecast period.

• The thin film batteries are expanding the adoption from consumer electronics sector to healthcare sector by driving the adoption of implantable devices and wearable medical devices.
• Furter, the rising demand for lightweight wearable devices is driving the development of thin film battery segment in turn fuels the flexible battery market size.
• Furthermore, the expanding IoT connected devices is driving the need for thin film batteries which in turn is boosting the flexible battery market share.
• For instance, Molex is a leading manufacturer of thin film battery featuring reduced internal resistance, increased peak current, increased usable capacity and reduced footprint among others.
• Thus, according to the flexible battery market analysis, the expanding IoT connected devices and rising need for lightweight wearable devices is driving the thin film battery segment progress.

By Capacity:

Based on the capacity, the market is segmented into below 10 mAh, 10 mAh to 100 mAh and above 100 mAh.

Trends in the Capacity:

• The rising adoption of RFID in smart packaging is driving the adoption of below 10 mAh battery capacity which in turn is boosting the flexible battery market trend.
• Portable medical devices require reliable battery solutions during emergencies are driving the adoption of above 100 mAh battery capacity which in turn is fueling the flexible battery market trend.

The 10 mAh to 100 mAh accounted for the largest revenue share of 52.21% in the year 2024.

• The expanding IoT applications such as smart home appliances, monitoring system, HVAC system, thermostats and others are boosting the development of flexible battery industry.
• Further, the rising adoption of wearable technology such as fitness trackers, smartwatches, health monitoring devices and others adopted 10 mAh to 100 mAh batteries which in turn boost the flexible battery market size.
• Furthermore, the emergence of smart cards and medical devices is driving the adoption of battery with 10 mAh to 100 mAh capacity which in turn is driving the flexible battery market share.
• For instance, LiBEST based out in China is a leading manufacturer of flexible battery with 138 mAh battery capacity which is designed for application such as rings, smartwatch, neck band, AR and VR glasses among others.
• Thus, according to the flexible battery market analysis, emergence of smart cards and medical devices as well as rising adoption of wearable technology is driving the adoption of 10 mAh to 100 mAh segment.

The above 100 mAh is anticipated to register the fastest CAGR during the forecast period.

• The expanding adoption in the electric vehicles for integrating sensors, IoT connected devices requiring higher battery capacity for operating for longer time is driving the adoption of above 100 mAh battery capacity.
• Further, the advancing emerging technologies such as AR and VR glasses and advanced health monitoring devices require higher battery capacity which in turn is driving the above 100 mAh battery segment.
• Furthermore, the rise of foldable and expandable smartphones is driving the adoption of flexible batteries with above 100 mAh batteries.
• Therefore, as per the market analysis, the advancing emerging technologies such as AR and VR glasses and advanced health monitoring devices are anticipated to boost the flexible battery market demand during the forecast period.

By Rechargeability:

Based on the rechargeability, the market is bifurcated into single use battery and chargeable battery.

Trends in the Rechargeability:

• The trend towards development of sustainable and eco-friendly batteries is driving the technological advancement in single use batteries.
• The trend towards rising adoption of various medical devices is driving the adoption of single use batteries.

The chargeable battery accounted for the largest revenue share in the year 2024 and is anticipated to register the fastest CAGR during the forecast period.

• Chargeable batteries reduce costs significantly by minimizing the need for battery replacement in turn is driving the chargeable battery segment progress.
• Further, the emergence of AR and VR glass technology is driving the adoption of chargeable batteries which in turn enhance the user experience is driving the chargeable segment progress.
• Furthermore, chargeable batteries are wily used in smartwatches, fitness trackers and health monitoring devices in turn driving the adoption of flexible chargeable batteries.
• For instance, in December 2022, LiBEST partnered with Mand.ro to launched flexible rechargeable batteries for application in metaverse devices and electronic prosthetic arm.
• Thus, as per the market analysis, the emergence of AR and VR glass technology and rising adoption in smartwatches, fitness trackers and health monitoring devices are driving the chargeable batteries segment progress.

By Application:

Based on the application, the market is segmented into consumer electronics, medical devices, smart packaging, automotive, smart cards, and others.

Trends in the Application:

• The trend towards miniaturization of electronics devices and appliances is driving the demand for flexible batteries in the consumer electronics sector.
• The trend towards adoption of RFID, smart cards and others integrated with flexible batteries is driving the market progress.

Consumer electronics accounted for the largest revenue share in the year 2024 and is anticipated to register the fastest CAGR during the forecast period.

• IoT connected devices are emerging in the consumer electronics sector which is driving the adoption of smart home appliances which in turn is boosting the flexible batteries market progress.
• Moreover, the advancing compact design and shape of electronic devices is driving the adoption of flexible batteries in the consumer electronics sector.
• Further, the growing adoption of smartphones, smart watches, fitness trackers and health monitoring devices are driving the progress of consumer electronics sector which in turn is boosting the market progress.
• For instance, according to IBEF, India is the second largest manufacturer of mobile and India exported mobile phones worth USD 5.45 Billion in 2021-22 and USD 11.12 Billion in 2022-23 in turn driving the adoption of battery in the market.
• Thus, as per the market analysis, growing adoption of smartphones, smart watches, fitness trackers and health monitoring devices is driving the adoption of flexible batteries in consumer electronics sector.