Mobile Phone Battery Market - By Product Type (Lithium Ion, Lithium Polymer, Nickel Cadmium, Nickel Metal Hydride, and Others), By Application (Smartphone and Feature-phone), and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

The batteries in mobile devices hold huge amounts of energy that keeps the devices running for hours. Lithium ion, lithium polymer, nickel cadmium, nickel metal hydride are some of the types of batteries used in mobile phones. However, in most of the modern mobile phones, lithium ion batteries are used, which consist of two main parts as a pair of electrodes and the electrolyte between them. Increasing number of mobile devices and people spending more time on their mobile devices are responsible for the growth of the mobile phone battery market. Qualcomm Technologies, Inc. announced the fastest commercial charging technology Qualcomm Quick Charge 5 for Android devices in July 2020. Quick Charge 5 is engineered to support more than 100W charging power in a smartphone allowing users to charge devices from 0 to 50 percent battery power in just five minutes which represents the fastest mobile phone charging capabilities with new battery technology, accessories, and safety features available in the mobile phone battery market.

Market Segmentation:

Based on product type, the global mobile phone battery market is segmented into lithium ion, lithium polymer, nickel cadmium, nickel metal hydride and others. Based on application, the market is categorized into smartphone and feature-phone. Geographic breakdown of the regions includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Market Dynamics and Factors:

Rapidly increasing number of mobile phones coupled with spending more time on smartphones are the main drivers responsible for the growth of mobile phone battery market. In 2020, the current number of mobile phone users including both smart and feature phones across the globe accounted to 4.78 billion and the research predicts it will reach upto 7.33 billion by 2023. Moreover, most of the population spend an average of 3 hours and 15 minutes per day on their mobile phones. Furthermore, rising advancements in the battery technology across the world is considerably boosting the mobile phone battery market growth. For instance, most of the manufacturers like Panasonic Corporation, Samsung Group and LG Chem Ltd are involved in building the lithium ion batteries with new approaches. Among the new technologies, supercapacitors are being used in batteries which help to charge faster and can store much more energy than Lithium-ion battery. Supercapacitors are ideal when a quick charge is needed to fill a short-term power need, whereas batteries are used to provide long-term energy. Combining these two into a hybrid battery satisfies both needs reflecting in a longer service life. Due to the global outbreak of COVID-19 pandemic, most of the projects in Asia Pacific are delayed and the companies are facing short-term operational issues due to supply chain constraints and lack of site access. This could become a challenge for the market players. Furthermore, safety concerns regarding the use of battery will hinder the mobile phone battery market growth. However, fuel cells that use hydrogen to generate electricity are trending which is likely to produce ample opportunities for the mobile phone battery market growth. Monash University researchers have developed a lithium-sulphur battery that can power a smartphone for 5 days, outperforming lithium-ion. This new battery technology has lower manufacturing costs with less environmental impact than lithium-ion.

Geographic Analysis:

Asia Pacific dominates the global mobile phone battery market. China is rising as a manufacturing powerhouse owing to its strong consumer electronic product manufacturing growth in the near future. Furthermore, various government initiatives in India like Make in India to support the manufacturing sector will boost the mobile phone battery market during the forecast period. Europe and North America are expected to achieve considerable growth in the mobile phone battery market owing to surge in penetration of smartphones in the region.

Competitive Scenario:

The key players of global mobile phone battery industry are BYD Co Ltd, Panasonic Corporation, Samsung Group, LG Chem Ltd., China BAK Battery, Inc., Tianjin Lishen Battery Co., Ltd., Zhuhai Coslight Battery Co Ltd. and Boston-Power, Inc.

Mobile Phone Battery Market Report Scope