Smartphone battery cells generate a global revenue of $8.7B in 2021
Strategy Analytics research reported the global market for smartphone battery cells reached a total revenue of $8.7 billion in year 2021 growing more than 10%.
Vendor wise, Amperex Technology Ltd (ATL) is at the top holding a share of 42% followed by 2nd ranked LG Energy Solutions and 3rd ranked Samsung SDI in 2021. All three together capture nearly 82% share in the global smartphone battery market in 2021, as per the lastest study by Strategy Analytics.
Jeffrey Mathews, Senior Analyst at Strategy Analytics commented, “The market for smartphone batteries saw continued demand for high-capacity battery cells in mid and high-tier devices. Dual cell battery penetration exceeded 5 percent owing to fast charging application. We note the rise in prices of major battery materials such as Lithium, contributed to an increase in smartphone battery cell cost. Moreover, the decline in the production of smartphones due to supply shortages impacted the growth in battery cell shipments.”
Stephen Entwistle , Vice President of the Strategic Technologies Practice at Strategy Analytics commented, “Smartphones will see more adoption of high-capacity battery cells driven by specification increases. We expect the challenges due to surging raw material costs will continue to impact the battery supply chain of vendors.”
Author: Srinivasa Reddy N