David Savastano, Editor03.23.17
As the Internet of Things (IoT) emerges, the need to power these potentially billions of sensors becomes even more critical.
It is a lucrative market. Global Market Insights, a consultancy, reports that the market for thin film batteries was $200 million in 2015, growing at a CAGR of 25% from 2016-24 to more than $1.5 billion in 2024.
The opportunities for flexible batteries are clear. Current solutions are limited by a variety of factors. For example, coin cell batteries are not flexible and also are not disposable. While it is theoretically possible to create solar-powered cells, that chemistry is not there yet for the IoT. This potential has opened the market for a number of interesting companies.
Anja Talo, directo
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