Market Research Future (MRFR) has published a cooked research report on the “global 3D Printed Battery market” that contains the information from 2019 to 2030. The 3D Printed Battery market is estimated to register a CAGR of XX% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global 3D Printed Battery market— Sakuu Corporation. (US), Photocentric (UK), Neware Technology Limited (China), American Elements (US), Element14 Electronics (Singapore), Stratasys Ltd. (Israel), Blackstone Resources (Switzerland) , GE Additive (US), 6K (US) and EOS GmbHn (Germany).
3D Printed Battery Market Highlights
The global 3D Printed Battery market is accounted for to register a CAGR of 19.54% during the forecast period and is estimated to reach USD 90.08 billion by 2030.
The need for 3D printed battries in the automotive, healthcare, and aerospace & defence industries is predicted to increase, and this is one of the main factors driving the growth of the 3D printed battery market. One of the key reasons propelling the growth of the 3d printed battery market is the increased demand from these major end-use industries.
The need for 3D printed batteries is rising as 3d printing technology is being adopted more widely in the automotive and aerospace sectors. Electric and hybrid electric vehicles both use these batteries. Another element fueling the expansion of the market for 3D printed batteries is the growing demand for electric vehicles.
The global market for 3D printed batteries is anticipated to be boosted by rising wearable technology demand as well as rising demand for portable and flexible energy sources. The need for adaptable and portable energy sources has increased along with the number of small battery-operated consumer electronics.
The global 3D printed battery market is being driven by the expanding industrial applications for printed batteries made with cutting-edge techniques like multi-layered stacks, including smart labels, temperature tags, wireless sensors, radio-frequency sensing, greeting card sensors, cosmetic and medicinal patches, data logging systems, interactive packaging, and other consumer electronics products.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of 3D Printed Battery Market Research Report
Segment Analysis
The global 3D Printed Battery market has been segmented based on Architectural Process, Application, End-User and region.
The global 3D Printed Battery Market segmentation, based on Architectural Process has been segmented as Graphene-based PLA filaments, Graphene-based Li-ion Anodes, Platinum-based Electrodes and Others. Among these, the Graphene-based PLA filaments type is projected to dominate the global 3D Printed Battery market revenue through the projected period as estimated by MRFR analysts.
A form of 3D printing material called graphene-based PLA filaments is manufactured by mixing graphene with Polylactic Acid (PLA) to produce a composite material with better qualities than regular PLA, such as greater strength, electrical conductivity, and thermal resistance. With the ease of usage and minimal warping characteristics of PLA, this blend of graphene and PLA can create 3D printed parts with a high level of stiffness, toughness, and longevity. Although the use of graphene in 3D printing filaments is a relatively recent breakthrough, it has great potential for use in a variety of industries, including electronics, aircraft, and biomedicine.
Based on Application, the market is segmented as Wearables, Smartphones, Electric Vehicles and Others. Out of which the Wearables segment dominated base year market and is also projected to be holding a dominating share in the forecasted period as well. The 'Wearables' segment, which is extensively employed in smartwatches and wearable power banks, accounted for the largest market share in 2020. According to a study, the number of wearable gadgets has doubled in the past three years, going from just under 325.88 million in 2016 to just over 722.47 million in 2019. And by 2023, it's expected to exceed 1 billion. Over 38.8 million consumers expressed interest in buying at least one wearable device in the preceding year, according to a study.
Based on the End-User, has been segmented as Energy Storage devices, Electronics, Automotive, Aerospace & Drones and Other. The market's largest share belonged to the Energy Storage devices segment. Since the energy is stored in capacitors and batteries, a wide range of applications, including electric vehicles, laptops, and mobile devices, can use energy storage devices, which is fueling the overall expansion of this market.
Regional Analysis
By Region, the study segments the 3D Printed Battery market into North America, Europe, Asia-Pacific, Middle East & Africa and South America. The North America 3D Printed Battery market holds the largest market share and is also anticipated to account for the largest revenue share during the forecast period. This region's market is expanding due to the rapid technical improvements in the electronics industry and the existence of major market leaders in 3D printing technologies.
The University of Illinois and Harvard University have successfully printed lithium (Li)-ion microbatteries that are practically the size of a sand grain using 3D printing technology. As more electric vehicles employ 3D printed batteries, the North American market will expand. In North America, 3D printed batteries are used in smart packaging, smart cards for payment purposes in the telecommunications, banking, and transportation industries, and wearable technology like smartwatches, fitness bands, and wearable power banks for smartphones.
The income in the US IT sector will reach a new record of USD 487 billion in 2021, up 7.5% from the previous year, predicts the Consumer Technology Association. On any given day, almost 57 million Americans use a wearable device, and sales of smartwatches are expected to rise by 8%, driven by tech-savvy and fashion-conscious consumers. Major makers of 3D-printed batteries have made significant investments in the US market, particularly in the consumer electronics sector.
As a result of growing industrialization, consumer electronics manufacturers in the Asia Pacific area are refining their product designs, which calls for thin power sources to support the flexible design of their products. For the miniaturisation of electrical devices, 3D printed batteries are preferred. The market for 3D printed batteries is expanding as a result of China's expanding defence budget and the country's increased demand for cutting-edge consumer gadgets.
Key Findings of the Study
- The global 3D Printed Battery market is expected to reach USD 90.08 billion by 2030, at a CAGR of 19.54% during the forecast period.
- The North America region accounted for the fastest-growing global market.
- Based on Architectural Process, the Graphene-based PLA filaments segment was attributed to holding the largest market in 2022.
- Based on application, the Wearables segment was attributed to holding the largest market in 2022.
- Based on End-User, the Energy Storage devices segment was attributed to holding the largest market in 2022.
- Sakuu Corporation. (US), Photocentric (UK), Neware Technology Limited (China), American Elements (US), Element14 Electronics (Singapore), Stratasys Ltd. (Israel), Blackstone Resources (Switzerland) , GE Additive (US), 6K (US) and EOS GmbHn (Germany) are the key market players.
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Companies Covered | 15 |
Pages | 128 |
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