Technology

Thin Film and Printed Battery Market Skyrockets to $904.94 Million by 2031 Dominated by Tech Giants – Molex LLC, Varta AG and Renata SA | The Insight Partners

Published

1 year ago

December 2, 2024

The global thin film and printed battery market is set for explosive growth, with projections indicating a surge to $904.94 Million by 2031. This remarkable expansion, driven by proliferation of 5G, rising demand for wearable devices and growing focus on sustainability.

NEW YORK, Dec. 2, 2024 /PRNewswire/ — According to a new comprehensive report from The Insight Partners, “Thin Film and Printed Battery Market Size and Forecast (2021 – 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Voltage Rating, Chargeability, Application, and Geography”, the global thin film and printed battery market is observing significant growth owing to the miniaturization of electronics and rising demand for connected devices.

For Detailed Market Insights, Visit: https://www.theinsightpartners.com/reports/thin-film-and-printed-battery-market

The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the thin film and printed battery market comprises a vast array of voltage rating, chargeability, application, and geography, which are expected to register strength during the coming years.

Market Overview and Growth Trajectory:
Thin Film and Printed Battery Market Growth: According to an exhaustive report by The Insight Partners, the Thin Film and Printed Battery Market is experiencing significant growth, driven by expansion of healthcare industry and continuous research and development. The market, valued at $197.31 Million in 2023, is expected to grow at a Compound Annual Growth Rate (CAGR) of 21.0% during 2023–2031.

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Miniaturization of Electronics: In today’s fast-paced world, consumer electronics have become integral to everyone’s lives. From smartphones to wearable devices, the demand for smaller and more powerful gadgets continues to rise. As consumer electronics continue to shrink in size, traditional battery technologies struggle to keep up with the demand for compact and long-lasting power sources. Thin film and printed batteries, micropower sources, have emerged as a solution to this problem. These thin energy storage devices offer high energy density in a small form factor, making them ideal for powering the ever-shrinking consumer electronics, propelling the thin film and printed battery market growth. In order to meet the demands of miniaturization, researchers are exploring new materials and designs to enhance energy storage capacity while reducing the size of these batteries. Nanotechnology, for instance, has played a crucial role in developing thin film and printed batteries with higher energy densities and improved cycle life. The applications of thin film and printed batteries extend beyond just smartphones and wearable devices. They are also utilized in medical implants, hearing aids, wireless earphones, and even miniature drones. These energy storage solutions are revolutionizing industries and enabling the development of innovative products that were once unimaginable. Thus, the growing miniaturization of electronic devices has become an important thin film and printed battery market trend.

Country Insights: According to the thin film and printed battery market forecast, the market in Germany is expected to grow significantly owing to the rise in digitization, 5G implementation, and technological adoption. These high-performance battery systems are essential for the future of industries such as consumer electronics and medical, as they enable sustainable and safe operations. This surge in demand creates significant opportunities for Germany to leverage technological advancements, paving the way for success in the battery market. The convergence of advanced micro battery cells and digital technologies is poised to bring about a revolution across the above industries. This presents Germany with a significant opportunity to establish itself as a key player on the global stage in this pivotal field. By leveraging its expertise in battery technology and embracing digital advancements, Germany can capitalize on this transformative shift and drive innovation and growth in the battery industry. In June 2023, Valmet Automotive inaugurated its first battery plant in Germany, signifying a crucial milestone toward achieving ambitious growth objectives. Thus, all the above factors fuel the thin film and printed battery market growth in Germany.

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Geographical Insights: The Asia Pacific held the largest market share in 2023, followed by North America and Europe.

Thin Film and Printed Battery Market Segmentation, Applications, Geographical Insights:

Based on voltage rating, the thin film and printed battery market is divided into below 1.5 V, 1.5–3 V, and above 3 V. The below 1.5 V segment held the largest market share in 2023.In terms of chargeability, the market is segmented into rechargeable and Single-Use. The rechargeable segment held a larger share of the market in 2023.In terms of application, the market is segmented into consumer electronics, medical devices, smart packaging, smart cards, wireless sensors, and others. The consumer electronics segment held the largest market share in 2023.The thin film and printed battery market is segmented into five major regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Purchase Premium Copy of Global Thin Film and Printed Battery Market Size and Growth Report (2023-2031) at: https://www.theinsightpartners.com/buy/TIPRE00008884/

Key Players and Competitive Landscape:

The Thin Film and Printed Battery Market is characterized by the presence of several major players, including:

Molex LLCVarta AGRenata SAEnfucell Flexible Electronics LtdSTMicroelectronicsSamsung Sdi Co LtdExcellatron Solid State LLCUltralife CorporationIlikaImprint Energy

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

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Thin Film and Printed Battery Market Recent Developments and Innovations:

“The Swiss Federal Laboratories for Materials Science and Technology (Empa) based in the canton of Zurich launched a spin-off company called BTRY. The company plans to drive forward the coming generation of battery technology with an innovative thin-film battery. The thin-film solid-state battery developed at the Empa Laboratory for Thin Films and Photovoltaics provides greater safety and quicker charging times, lasts longer, is not sensitive to temperature, is noncombustible, and can be manufactured in a more environmentally friendly way than lithium-ion batteries.””Ilika, a developer and manufacturer of advanced solid-state battery technology, announced the successful shipment of its first batch of Stereax batteries from its manufacturing facility in the UK to its customer, Blink Energy. The initial shipment consists of single-layer Stereax M50 cells, which have been allocated to Blink Energy, a provider of device-agnostic power and communications platforms for ocular devices. The M50 cells can be used individually. These cells are also the building blocks for Ilika’s M300 batteries, which are made up of six M50 cells connected in parallel. The ultra-thin profile of the M50 cells is particularly advantageous for Blink Energy, which designs products to power and connect smart ocular devices.””Ultralife Corporation announced that it had acquired Excell Battery Company. The acquisition will further help Ultralife Corporation increase its capabilities in mission-critical applications, such as downhole drilling, OEM industrial and medical devices, automated meter reading, mining, and marine. Based in Canada with US operations, Excell is a key independent designer and manufacturer of high-performance smart battery systems, battery packs, and monitoring systems to customer specifications.”

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Conclusion:

Thin film batteries are being increasingly used in fitness bands, smartwatches, headsets, and other wearable electronic devices because of their improved recharge rate and small size. Also, the growing adoption of 5G is raising the demand for connected electronic devices. In addition, the increasing use of smart cards, such as EMV chip card technology, is propelling the demand for thin film and printed batteries worldwide. As smart cards are created at high temperatures of 130–150 degrees Celsius, which degrades the organic content of ordinary batteries and prevents them from functioning, the demand for thin film and printed batteries is increasing for the production of smart cards. Furthermore, the growing miniaturization of electronic devices is expected to create growth opportunities for the thin film and printed battery market during the forecast period.

With projected growth to $904.94 Million by 2031, the Thin Film and Printed Battery Market represents a significant opportunity for battery manufacturers, raw material suppliers, end-users (OEMs), investors, industry stakeholders, and others. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.

Related Report Titles:

Flexible Thin Film and Printed Battery Market Size and Forecasts (2021 – 2031)Flexible Electronics And Circuit Market Size and Forecasts (2021 – 2031)Flexible Electronics Market Growth and Forecast | 2030 Wearable Technology Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Person: Ankit Mathur
E-mail: ankit.mathur@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/thin-film-and-printed-battery-market

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SOURCE The Insight Partners

Technology

Bloomberg Introduces Spread-to-Benchmark Quoting for EUR and GBP Portfolio Trading Baskets

Published

17 hours ago

June 2, 2026

LONDON, June 2, 2026 /PRNewswire/ — Bloomberg today announced the launch of Spread-to-Benchmark quoting and trading for Euro (EUR) and Sterling (GBP) denominated portfolio trades through its Portfolio Trading Basket Builder (PTBB). The new functionality expands the range of quoting protocols available for European credit portfolio trading and reflects growing client demand for spread-based execution workflows, alongside increased dealer support for the convention across EUR and GBP markets.

Spread-to-Benchmark quoting is a well-established protocol for USD credit portfolio trades and is used by market participants to evaluate and execute portfolio trades. By extending this workflow to EUR and GBP portfolio trades, Bloomberg enables clients and dealers to transact using a familiar spread-based methodology across additional credit markets.

The introduction of Spread-to-Benchmark quoting for EUR and GBP baskets reflects increased client interest in evaluating portfolio trades through a spread-based lens and the growing adoption of spread-based execution workflows in European credit markets. The workflow provides market participants with an additional framework for assessing the relationship between credit spread risk and underlying government bond yields when pricing and executing portfolio trades.

Additional Workflow Flexibility 
The workflow complements Bloomberg’s existing portfolio trading capabilities, which support the full range of market-standard quoting conventions, including Price, Yield, Spread-to-Benchmark and Spread based workflows that reference Bloomberg’s evaluated pricing service (BVAL). This gives clients flexibility to compare and execute portfolio trades using the quoting methodology that best aligns with their investment objectives, execution preferences and internal risk management processes.

“European credit clients continue to look for execution workflows that reflect how they evaluate risk and monitor portfolio trading outcomes,” said Harry Street, Global Head of Credit and Equities Trading Product at Bloomberg. “By expanding dealer support for Spread-to-Benchmark quoting for EUR and GBP baskets, Bloomberg is broadening the range of workflow options available to clients trading European credit portfolios.”

“Portfolio trading workflows in fixed income continue to become more sophisticated as institutional investors look for ways to evaluate execution quality in changing market conditions,” said Kevin McPartland, Head of Market Structure & Technology Research at Crisil Coalition Greenwich. “Spread-based quoting helps market participants more clearly distinguish between the impacts of credit spread and underlying rates movements when determining how best to execute a portfolio trade.”

Bloomberg’s Electronic Markets solutions are used by leading financial institutions to trade efficiently in over 175 markets around the world. More than 9,000 client firms use Bloomberg Electronic Markets to access industry-leading depth and breadth of liquidity across asset classes from over 800 dealers globally. Bloomberg Electronic Markets provides market participants with comprehensive solutions across the trading lifecycle, including robust price transparency, analytics, automation and execution, powered by Bloomberg’s high-quality, multi-asset class data and tools.

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.

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SOURCE Bloomberg L.P.

Technology

Dr. Sunho Kang, a senior battery-technology executive with leadership experience at major global battery and EV manufacturers, joins TeraWatt Technology as Head of Product and Technology

Published

17 hours ago

June 2, 2026

SAN FRANCISCO, June 2, 2026 /PRNewswire/ — TeraWatt Technology Inc. (Headquartered in California, USA) is pleased to announce that Dr. Sunho Kang has joined the company as Head of Product and Technology.

Dr. Kang is a globally recognized battery-technology executive with more than 25 years of leadership experience spanning the United States, Asia, and Europe, and a distinguished track record of advancing innovations from laboratory research through gigafactory-scale production. He has held senior executive positions at world-leading organizations including Samsung SDI, Apple, and Volkswagen Group of America, and brings deep expertise in lithium-ion battery materials, cell engineering, and product industrialization across a broad range of applications, including electric vehicles and energy storage systems.

At TeraWatt, Dr. Kang will lead global product development and the commercialization of TeraWatt’s battery technology platform, aiming to accelerate the delivery of TeraWatt’s competitive products as well as the technology and commercialization roadmap including manufacturing scale-up.

Dr. Kang commented:

“I am thrilled to join TeraWatt Technology as Head of Product and Technology. TeraWatt’s innovative battery platform presents a tremendous opportunity to push the boundaries of lithium-ion technology, and I look forward to working with the team to accelerate product development and commercialization to deliver meaningful impact.”

TeraWatt Technology founder CEO Ken Ogata, Ph.D. commented:

“We are thrilled to welcome Dr. Kang as our Head of Product and Technology. His deep expertise in battery materials, cell engineering, and productization will be instrumental in accelerating TeraWatt’s product roadmap and technology leadership. Together with Dr. Kang, we will continue to drive our mission forward.”

About TeraWatt Technology Inc.
TeraWatt Technology Inc. is a California-based company that produces lightweight, high-power, and safe next-generation lithium-ion batteries.

Company Overview
Name: TeraWatt Technology Inc.
Representative: Co-founder and CEO Ken Ogata
Headquarters: 28 Geary St, Suite 650, San Francisco, CA 94108, United States
Founded: January 2020
Established: December 2019
URL: https://www.terawatt-technology.com/

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SOURCE TeraWatt Technology Inc.

Technology

Tencent Cloud and Soniox Announce Strategic Partnership: Combining Advanced Speech-to-Text (STT) Technology with Global Real-Time Infrastructure

Published

17 hours ago

June 2, 2026

HONG KONG, June 2, 2026 /PRNewswire/ — Tencent Cloud, the cloud business of global technology company Tencent, today announced a strategic partnership with Soniox, a San Francisco-based speech AI company that specializes in developing high-accuracy, low-latency speech AI solutions. The collaboration integrates Soniox’s speech-to-text (STT) technology with Tencent Cloud’s Real-Time Communication (TRTC) enterprise-grade global infrastructure, enabling enterprises to build and deploy multilingual voice AI applications across 200+ countries and regions.

Elevating Enterprise Voice AI at a Global Scale

In enterprise voice AI deployments, latency directly affects user experience and application reliability. The integration of Soniox’s high-accuracy, low-latency STT with TRTC’s global transmission infrastructure reduces latency across the entire pipeline, creating a comprehensive end-to-end solution for enterprises deploying conversational AI applications worldwide.

Soniox is the voice platform for every language. Unlike legacy speech AI, which was built primarily for English-speakers, Soniox delivers native-speaker accuracy across 60+ languages. Its technology can handle mid-sentence language switching — a user can switch between English and Chinese in a single utterance, and Soniox will capture every word with complete accuracy. All of this works through a single API that works for both speech-to-text and text-to-speech.

By integrating TRTC, the partnership leverages an enterprise-grade real-time communication backbone featuring more than 3,200 global nodes, sub-300 ms worldwide latency, and advanced capabilities such as AI noise suppression and weak-network resilience. These capabilities enable conversational AI applications to operate reliably across diverse network environments, including regions such as Southeast Asia and Africa.

With the roll out of this partnership, developers can integrate the Soniox STT API directly within the Tencent Cloud console. Whether targeting English-speaking markets or supporting languages such as Arabic, Hindi, and Malay, enterprises can build global voice applications — including intelligent customer service, voice assistants, real-time translation, and meeting transcription — to address the demands of expansion into emerging markets and multilingual scenarios.

Wison Xie, Head of Product at Tencent RTC, stated: “Tencent RTC has always been committed to providing reliable real-time communication infrastructure for global enterprises. Our partnership with Soniox brings together our strengths in enterprise-grade audio transmission and Soniox’s advanced speech recognition technology. Together, we are making it easier for businesses to deploy accurate, low-latency voice AI applications across any language and any market.”

Klemen Simonic, CEO at Soniox Inc., stated “At Soniox, our mission is to help businesses understand every word, in any language, with native speaker accuracy and exceptional speed. Partnering with Tencent Cloud combines our speech AI with world-class real-time infrastructure, enabling enterprises to build voice AI experiences that scale globally with low latency and reliability.”

About Tencent Cloud:

Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.

About Tencent RTC:

Tencent RTC provides real-time communication solutions, including audio/video calling, live streaming, and in-game voice. With enterprise-grade security, AI-powered enhancements, and a global network of over 3,200 nodes, Tencent RTC powers mission-critical communication for customers worldwide.

About Soniox:

Soniox is a next-generation voice AI company bringing about the end of English-first speech AI. Most people on the planet did not grow up speaking English and often mix languages mid-sentence; and yet legacy speech AI was built for just English. Soniox is different: native-speaker accuracy across 60+ languages, true mid-sentence language switching, and flawless alphanumeric recognition that legacy providers still can’t match. For developers building global apps, Soniox is the only option. Try it for yourself at soniox.com.

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SOURCE Tencent Cloud