3D Printed Battery Market Size was valued at USD 22.01 billion in 2022. The 3D Printed Battery Market is projected to grow from USD 26.31 billion in 2023 to USD 90.08 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 19.54% during the forecast period (2023 - 2030). The primary force behind the growth of the 3D Printed Battery market worldwide is the Rising demand for 3D printed batteries from major end-use industries. The expansion of the 3D printing market is anticipated to be fueled by the rise in demand for 3D printed items in the automotive, healthcare, and aerospace & defence sectors. 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 industry fueling the expansion of the market for 3D printed batteries is the electric vehicle industry.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The rising demand for 3d printed batteries from major end-use industries is one of the major factors driving the growth of the 3d printed battery market. The expansion of the 3D printing market is anticipated to be fueled by the rise in demand for 3D printed items in the automotive, healthcare, and aerospace & defence sectors. 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 market for 3D printed batteries is expanding as a result of the rising demand for consumer devices.
The end-use market for 3D printed batteries with one of the quickest growth is the automotive sector. Due to its numerous advantages, including decreased manufacturing costs, time, and product weight, the automotive industry is turning away from conventional manufacturing techniques and towards 3D printing.  This is a result of the growing demand for electric cars (EVs) and the requirement for battery miniaturisation. In order to lighten and extend the range of electric vehicles, 3D printed batteries are used. Both plug-in hybrid electric cars (PHEVs) and hybrid electric vehicles (HEVs) use these batteries. Additionally, the automotive sector is spending a lot of money on 3D printing research and development. For instance, the BMW Group declared in January 2019 that it would spend EUR 10 million on its 3D printing campus in Munich, Germany. This facility would be utilised to create innovative 3D printing technologies for small-batch production and rapid prototyping.
The consumer electronics industry is also one of the fastest growing end-use industry for 3D printed batteries.  Due to the necessity for battery miniaturisation, the consumer electronics industry is seeing an increase in demand for 3D printed batteries. These batteries are utilised in wearable electronics, computers, and portable electronic gadgets. Compared to conventional batteries, 3D printed batteries have a better energy density and can be made to fit a specific device's needs. Leading electronic companies are implementing 3D printing technologies to produce printed cells (microbattery) suitable with smart devices that have a low volumetric expansion, high-rate capability, stability, and security, which is anticipated to boost the market in the upcoming years. A 3D battery printing business called Sakuu Corporation has made progress in the development of its lithium-ion battery by obtaining an energy density of 800 Wh/L. The outcome, according to the business, is a significant advancement on its roadmap towards a fully functional 3D printed solid-state battery (SSB) capable of more than 1,200 Wh/L by 2023. This would be far better than the lithium-ion battery that currently dominates the market and works in the 500–700 Wh/L range. In order to stay competitive in the market, major players in the global 3D printed battery business are quickly creating batteries using 3D printers and 3D printing technologies. Leading makers of 3D printed batteries are working with companies that make cars and aeroplanes to advance the market for these batteries. These batteries can reduce production costs, supplementary material costs, and current collector energy use by roughly 30%. Manufacturing 3D-printed batteries has the potential to reduce capital costs by 40% when compared to the conventional battery manufacturing process.
The healthcare industry is also expected to boost the progress of the 3D printing market. The usage of 3D printing in the healthcare sector is anticipated to rise as a result of its capacity to produce personalised implants and prosthetics that conform to the anatomy of the patient. Additionally, a demand for 3D-printable organs is anticipated due to the rise in organ transplantation procedures. For instance, in the United States, a patient received the first kidney transplant made via 3D printing in 2016. Additionally, the aerospace and defence sector is another important market for 3D printing. 3D printing is being used by the aerospace and defence sector to create prototypes and produce small batches of parts. The usage of 3D printing in the aerospace and defence sector helps with a major difficulty encountered by the sector: lowering the weight of the final goods. For instance, the Airbus Group declared in 2016 that by 2025, it will employ 3D printing to make up to 1,000 metal parts for each aircraft.
Additionally, as the number of small battery-operated consumer electronics has grown, so has the demand for flexible and portable energy sources. The growing use of printed batteries made with cutting-edge methods like multi-layered stacks in a range of industrial applications, such as 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, is driving the 3D Printed Battery Market. Additionally, conventional batteries don't match characteristics like flexibility, dependability, thinness, or lightweightness; as a result, wearable technology has grown to be a significant business for the market for 3D printed batteries. A recent study estimates that the worldwide wearables market will generate about $15,376 million in sales in 2020, with 356.8 million active users. Therefore, it is anticipated that all of these key industries, which are themselves growing exponentially, would eventually help to expand the global market for 3D printed batteries.
The 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 3D Printed Battery Market revenue through the projected period. 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.
August 2019:Sakuu Corporation produced 3D printed solid-state batteries for Musashi's motorcycles. Musashi Selmitsu Industry and KeraCel signed a partnership to develop safe, 3D printed, solid-state batteries for motorcycles. KeraCel produces a lithium-ion solid-state battery that might enable the production of cells with ceramic-based electrolytes and lithium metal anodes.
The 3D Printed Battery Market segmentation, 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 some study. Consumers who own at least one wearable product increased by 1.1% from the previous year. The increase in demand for one wearable device was a factor in the global market's overall wearable device demand rising by 9.7%.
May 2022:6K, a creator of speciality 3D printing materials, raised $102 million in Series D funding. The investment is the 1st of the two tranches that total up to $150 million, led by Koch and supported by Energy Impact Partners, Albemarle, HG Ventures, and 6 K's previous sponsors. The company will use the cash from its Series D round to increase its metal powder and cathode production facilities, allowing it to better meet the promising growth in demand for lithium-ion batteries.
The 3D Printed Battery Market segmentation 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. Additionally, there are environmental advantages to energy storage in gadgets like batteries, such as a reduction in greenhouse gas emissions. Additionally, the demand for EVs is rising, which is driving the development of electrochemical energy storage technologies. In 2021, 6.75 million EVs—that is, light trucks, cars, and trucks used for light commercial purposes—were sold globally. Around 9.6 million units were sold in 2022, a startling 104% rise over the numbers from 2020. With plans to use over 532,000 electric buses in public transit by 2022, China is also predicted to be the market leader in the electric vehicle sector. As a result, there will be a big market for 3D printed EV batteries in the next years.
August 2021:Blackstone Technology received a $42.94 million financial boost from Swiss battery metals parent company Blackstone Resources for its 3D-printed batteries project in Germany. The investment, according to Blackstone, provides funding for plans to increase output at the German subsidiary's existing site in Döbeln, Saxony, to 500 MWh per year by 2022.
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.
September 2022:Sakuu entered into a memorandum of understanding (MOU) with Japan's NGK Spark Plugs CO., LTD. to co-develop and provide ceramic materials for Sakuu's solid-state battery production. The partnership with NGK was a strategic step by Sakuu for expansion of its future solid-state battery commercialization plans.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the 3D Printed Battery Market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the 3D Printed Battery Market industry must offer cost-effective products to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the global 3D Printed Battery industry to benefit clients and expand the 3D Printed Battery market sector is to manufacture locally to reduce operating costs. The market for 3D Printed Battery is recognized as being extremely competitive and fragmented. The market for 3D Printed Battery offers considerable potential opportunities for domestic and unorganised companies. Some of the key players operating in the 3D Printed Battery Market are 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). To increase their global reach and client base, key firms are concentrating on acquisitions and product innovation.
Stratasys LtdOffers services for additive manufacturing and 3D printing solutions. The business sells 3D printers, consumables, and operating system packages. Along with this, it offers other services including strategic advice, quick prototyping, contract engineering, on-site installation, customer support and warranty, direct manufacturing paid-parts services, maintenance, and training. Government agencies as well as companies in the railway, aerospace, healthcare, automotive, educational, and consumer product sectors can benefit from Stratasys' technologies. These goods are offered by direct sales teams, distributors, and independent sales representatives. Across North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific, the company has operations. Eden Prairie, Minnesota, in the US, serves as both of Stratasys's headquarters.
American Elements:Is an international producer and distributor of advanced materials with a catalogue of more than 35,000 products and a database of knowledge on chemical elements, sophisticated materials, and high-tech applications. Los Angeles, California serves as the location of the company's corporate offices and educational initiatives. Its facilities for research and production are situated in Manchester, the United Kingdom, Salt Lake City, Utah, Monterrey, Mexico, and Baotou, China. For more than 25 years, the company's materials science research and development programmes have been a valuable resource for new product development in business, government, and academia.
March 2022:Sakuu Corporation successfully achieved a new milestone in the development of its Li-ion metal battery by achieving an energy-density level of 800 Wh/L. This achievement was regarded as one of the most significant steps towards its roadmap in achieving fully 3D printed SSBs (solid-state batteries) that will be capable of generating a power of 1,200 Wh/L by 2023.
January 2022:6K, one of the leading manufacturers of speciality 3D printing materials, successfully collaborated with Albemarle Corporation, a worldwide chemicals company, to explore the new lithium-ion battery materials in-depth. 6K's patented UniMelt technology is regarded as one of the most efficient production platforms for composing industrial-grade powders.Â
August 2021:Blackstone Technology successfully received a huge financial support worth USD 42.94 million from Blackstone Resources, a Swiss battery metals parent company, for launching its 3D-printed batteries project in Deutschland. The investment provided a sufficient amount of funding for plans to increase the overall power generation output at the German subsidiary in Döbeln, Saxony, to nearly 500 MWh per year.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 22.01 billion |
| Market Size 2023 | USD 26.31 billion |
| Market Size 2030 | USD 90.08 billion |
| Compound Annual Growth Rate (CAGR) | 19.54 % (2023-2030) |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019 & 2021 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Source, Application and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa and South America |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Saudi Arabia, UAE, Argentina, |
| Key Companies Profiled | 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) |
| Key Market Opportunities | Increasing need for portable & flexible energy sources and growing demand for wearable technologies. |
| Key Market Dynamics | Rising demand for 3D printed batteries from major end-use industries. |
3D Printed Battery Market Highlights:
Frequently Asked Questions (FAQ) :
US$ 22.01 Bn
19.54%
North America
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)
Graphene-based PLA filaments
Wearables
Energy Storage devices
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
