Market growth driven by high-density and dual-cell battery systems
BOSTON–(BUSINESS WIRE)–The global market for smartphone battery cells reached a total revenue of $7.5 billion in CY 2020, according to the Strategy Analytics Handset Component Technologies service report, “Smartphone Battery Market Share Q4 2020: ATL Takes First Place.”
This Strategy Analytics research finds that the total smartphone battery market revenue saw an increase of 7 percent year-over-year in 2020. The market was led by Amperex Technology Ltd (ATL), capturing 42 percent revenue share followed by LG Energy and Samsung SDI in 2020. The top-three vendors captured almost 83 percent revenue share in the global smartphone battery market in 2020. The vendors drove their success by customizing battery cells to meet smartphone customer needs.
Jeffrey Mathews, Senior Analyst at Strategy Analytics commented, “The smartphone battery cell market revived as customer orders expanded in the second half of the year driven by seasonal smartphone launches. Smartphone OEMs increased the adoption of high-density cells and dual-cell battery system leading to the growth in market revenues. ATL saw impressive design wins in flagship smartphones which aided in the vendor’s battery cell shipments in 2020.”
Stephen Entwistle, Vice President of the Strategic Technologies Practice at Strategy Analytics commented, “We forecast battery cell shipments to rise on the back of growing demand for high-density cells to meet the mass market and 5G smartphone adoption. This will be further complemented by the uptake in fast charging smartphone technology.”
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Source: Strategy Analytics, Inc.
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