Global Fibre Batteries Market is valued at approximately USD 62.5 million in 2021 and is anticipated to grow with a healthy growth rate of more than 21.1% over the forecast period 2022-2029. Fibre batteries are millimeter-thin batteries made of fibres that are specially used to power low-powered wearable medical and consumer devices. These batteries are developed to provide low energy storage value compared to conventional energy storage devices. The global market growth is primarily influenced by the factors such as rising use of advanced tools and technologies such as AI and 5G, growing investment in the integration of various digital technologies, ongoing miniaturization of electronic devices, and high demand for flexible batteries in IoT applications.
The surge in demand for flexible batteries in wearables and flexible electronic devices is acting as a major driving factor for the market growth across the globe. According to Statista, the number of connected wearable devices worldwide was value at 593 million in 2018, which is expected to reach 1,105 million devices by the end of 2022. Thereby, the rising penetration and rise in awareness about the benefits of the smart electronic wearable is further supporting the development of the fibre battery market. Furthermore, the rising advancements in fibre batteries, as well as increasing number of strategic initiatives by the key market players are leveraging various prospects for the market growth over the anticipated years. However, stringent regulatory framework in developing economies and lack of standardization stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Fibre Batteries Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the presence of leading market players, along with the rise in focus on the use of eco-friendly energy storage sources for portable electronic and medical devices. Whereas, North America is expected to grow with the significant growth rate during the forecast period, owing to factors such as growing innovation in portable monitoring and energy storage equipment, as well as the rising investments towards the military sector in the regional market.
Major market players included in this report are:
Navitas Advanced Solutions Group
Recent Developments in the Market:
In December 2021, MIT engineers stated that the create the world's longest flexible fiber battery that can be woven and washed. Also, the battery is 140 meters long, which offers power for fiber-based electronic devices and sensors.
Global Fibre Batteries Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Rechargeability, Capacity, End-Use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
Below 10 mAh
10 mAh -100 mAh
Above 100 mAh
Rest of the World