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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

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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.

For More Information and To Stay Updated on The Latest Developments in The Thin Film and Printed Battery Market, Download The Sample Pages: https://www.theinsightpartners.com/sample/TIPRE00008884/

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.

Stay Updated on The Latest Thin Film and Printed Battery Market Trends: https://www.theinsightpartners.com/sample/TIPRE00008884/

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.

For Region-Specific Market Data, Check Out Brief Sample Pages: https://www.theinsightpartners.com/sample/TIPRE00008884/

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.”

Need A Diverse Region or Sector? Customize Research to Suit Your Requirement: https://www.theinsightpartners.com/inquiry/TIPRE00008884/

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 | 2030Wearable 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 Us:
If you have any queries about this report or if you would like further information, please contact us:

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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Technology

AI-Powered Earbuds Transforming North American Smart Offices: Exclusive Insights from viaim CPO at CES 2025

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January 10, 2025

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — At CES 2025 in Las Vegas, Liu Da, Chief Product Officer (CPO) of viaim, an AI technology hardware company deeply rooted in the smart office sector, gave an exclusive interview, sharing valuable insights into viaim’s exploration of the field of AI-powered earbuds, its innovative product concepts, and how the technology addresses common workplace challenges in North America. Mr. Liu also delved into the market potential of AI-powered earbuds and viaim’s strategic blueprint for shaping the future of smart offices, especially in the North American market.

North American business professionals have widely embraced remote and hybrid work models. The rise of multilingual communication has fostered a highly digitalized consumer landscape with diverse user needs, particularly for smart office solutions. In response, viaim is dedicated to developing practical AI solutions that alleviate repetitive and tiring office tasks. By addressing the evolving demands of North American professionals with its AI-driven innovations, viaim is advancing its global mission to transform work efficiency and productivity.

Unique advantages of AI-powered smart earbuds

In the interview, Mr. Liu said earbuds, being close to the user’s senses, are seamlessly integrated into daily life and serve as an ideal platform for AI technology. Unlike traditional office hardware, AI-powered earbuds are portable and versatile, fitting various scenarios such as remote meetings, commuting, and entertainment. He highlighted that viaim’s AI-powered smart office solutions position the Company to bridge the gap between people and devices, transforming earbuds from simple audio tools into smart office partners. 

viaim’s technology and design challenges during the R&D  phase

Mr. Liu detailed the challenges the Company faced during the R&D phase, including integrating AI computing power, storage, and sensors into earbuds with limited space while maintaining portability and battery life. He also highlighted the difficulty of balancing human auditory sensitivity with machine signal processing to ensure a natural user experience. To tackle these challenges, viaim employed multi-terminal collaboration, integrating earbuds, apps, and cloud services to ensure seamless voice processing and secure data management tailored to the needs of North American professionals.

Market potential, insights, and positioning in North America

A report from Upwork, the world’s largest work marketplace, projects 36.2 million Americans will work remotely in 2025, marking an 87% increase from pre-pandemic levels. AI-powered earbuds, with capabilities including meeting recording and follow-up task management, cater to the digitalized and multilingual North American market. As remote and hybrid work rises, AI earbuds are becoming vital for workplace efficiency and language learning. viaim stands out with a competitive strategy focused on technological innovation and market segmentation, offering unique value beyond traditional earbud brands.

Future strategy and product vision

Mr. Liu believes technology’s true value lies in solving real-world problems. “When users actively engage with our AI solutions, it demonstrates their true value,” he stated. AI earbuds remain the Company’s core focus, empowering professionals to shift their attention from routine tasks to meaningful creative endeavors. Looking ahead, viaim plans to expand its product lineup to include smart glasses and office accessories, creating a comprehensive AI office ecosystem. The Company aims to rapidly iterate based on user feedback, expanding AI earbuds from niche to mass markets and advancing industry development.

Media Contact: 

Qian Wang
+86-15321782927
wangqian@vision-intelligence.tech

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Steller Unveils Group Trip Planning

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January 10, 2025

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KIRKLAND, Wash., Jan. 10, 2025 /PRNewswire/ — Steller, a video-based, travel planning platform that allows travelers to discover, connect and book based on experiences shared by creators, introduced its most requested feature yet: group trip collaboration. The feature transforms how travelers plan group trips by consolidating everything—discovery, communication, organized planning, and booking—into one platform. 

Steller launches group trip planning, streamlining discovery, communication, and booking into one collaborative platform.

Traditional Trip planning involves multiple surfaces and when traveling with others, multiple communication channels. It is difficult to stay organized when communication is spread across text messages, social DMs, email, etc.  

Steller’s new collaboration feature eliminates communication chaos and streamlines trip planning by offering a central group hub for organizing every piece of the process. Travelers can invite others to join their Trip itinerary, keeping communication, discovery, and booking in one place. With Steller’s library of more than 30 million pieces of user generated travel content, groups can share videos of activities, dining spots, attractions, add notes, and co-create custom itineraries. Flexible itinerary views—list, map, and video—give everyone a complete picture of the plan to share and edit with their travel companions.

“Collaborative trip planning has been a top request from our community.  When we launched Trips by Steller   last January, we knew it would resonate, but the response has far exceeded expectations. In a short time, over 50,000 users have planned and booked trips by incorporating their favorite user-generated travel videos into personalized itineraries. For our destination clients,  Trips by Steller has seamlessly connected travel influencer marketing to planning and commerce. Steller clients see more than 18% of viewers who engage with their influencer campaigns planning trips to their destination—a result that sets a high bar in the travel industry. Adding collaboration to the mix amplifies that impact, inspiring more people to explore, engage and transact together!” said Pete Bryant, CEO of Steller. 

How It Works  

Whether it’s a getaway for two or a large group adventure, collaboration makes organizing travel plans easy with an all-in-one solution. 

Build Your Itinerary Together: Group members can contribute by adding things to do, activities, and notes.Stay Organized: Add notes and structure by day, activity, or group to eliminate confusion.Flexible Views: View your itinerary as a detailed list, on a map, or through video for a fully customizable planning experience.Real-Time Updates: Keep track of changes, additions, and edits made by group members.On-the-Go Access: Everyone can access the itinerary on their phone.

Steller continues to lead the charge in innovative travel planning, ensuring that its platform evolves based on user feedback. Collaborative trip planning is the latest step in its mission to evolve travel. 

About Steller 

Steller, headquartered in Kirkland, Wash., is the market leading travel planning platform that guides travelers from inspiration to planning and booking through authentic experiences of their favorite creators. Steller’s patent pending platform distributes millions of pieces of bespoke, worldwide video content that can be found and booked on the Steller app. Learn more at www.steller.co  and  stellerforbusiness.com. 

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RAAPID Raises Series A from M12, Microsoft’s Venture Fund to Scale Next-Generation Healthcare Risk Adjustment

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January 10, 2025

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Company reports 300% revenue growth in 2024 and advances partnerships with nation’s leading health systems

LOUISVILLE, Ky., Jan. 10, 2025 /PRNewswire/ — RAAPID, the industry-leading healthcare AI company, announced today a significant Series A investment from M12, Microsoft’s venture fund. This strategic funding positions RAAPID to expand its groundbreaking Neuro-symbolic AI platform that is reshaping healthcare risk adjustment.

RAAPID’s explosive growth – marked by a 300% revenue increase in 2024 – demonstrates the market’s strong validation of its advanced technology platform. The company has quickly established itself as a trusted partner for major health plans and provider., At the core of RAAPID’s success is its pioneering VisionAI technology, which tackles one of healthcare’s most pressing challenges: making sense of unstructured medical data. While over 70% of medical records exist as unstructured data when shared outside EHRs, RAAPID’s AI engine transforms this complex information into actionable insights, enabling unprecedented accuracy in risk capture and care gap identification.

“Our vision extends beyond traditional risk adjustment,” states Chetan Parikh, Founder and CEO of RAAPID. “We’re creating a future where AI augments healthcare professionals’ capabilities, leading to better patient outcomes and more accurate appropriate reimbursements. This investment from M12 accelerates our mission to transform healthcare through advanced AI.”

RAAPID’s purpose-built Risk Adjustment platform has achieved remarkable results:

Slashing chart review time by 60-80%Surpassing industry standards with 95%+ coding accuracyGenerating additional appropriate and compliant revenue per memberImproving risk capture accuracy by 25%

The HITRUST-certified platform stands out for its unique Neuro-symbolic AI approach, combining neural networks with an extensive medical knowledge graph containing over 4 million clinical entities and 50 million relationships. This sophisticated technology enables both retrospective analysis and prospective risk adjustment, helping organizations identify and address care gaps to positively impact patient health.

“Healthcare organizations are increasingly seeking innovative solutions to manage risk and improve care delivery in value-based arrangements,” said Todd Graham, Managing Partner at M12. “RAAPID’s AI-driven risk adjustment platform aligns perfectly with our investment strategy. Through M12, we are committed to providing our portfolio companies with access to Microsoft’s resources and expertise to drive significant impact in the healthcare sector.

Led by a team with over 25 years of healthcare technology expertise, RAAPID has collaborated with experts from the top 4 tech giants in developing its clinical AI solutions. RAAPID continues to push the safe boundaries of what’s possible in healthcare AI. The company’s selection as an M12 portfolio company validates its position as a leader in healthcare technology innovation.

As value-based care becomes increasingly important, RAAPID’s AI-powered solutions are becoming essential tools for healthcare organizations striving to improve timeliness and quality of care all patients expect. With this new funding, RAAPID is poised to further advance its technology and expand its positive impact on patients, providers and payers.

About RAAPID
RAAPID develops AI-powered solutions for healthcare payers, providers, and supporting organizations. The company’s cloud-based risk adjustment platform uses neuro-symbolic AI to identify chronic conditions, determine HCC codes, calculate risk scores, and analyze population health trends. RAAPID serves organizations that participate in Medicare Advantage, ACA, Medicare ACO, and Medicaid programs.

For more information about RAAPID’s AI-powered risk adjustment solutions, visit www.raapidinc.com

CONTACT:
Mayur Vyas
(502) 699-3044
388583@email4pr.com

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