Strategy Analytics: Amperex Technology is the Leading Smartphone Battery Vendor in 2021

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Smartphone Battery Market 2021, Source: Strategy Analytics’ Handset Component Technologies service

Smartphone Battery Market 2021, Source: Strategy Analytics’ Handset Component Technologies service
BOSTON–(BUSINESS WIRE)–Mar 28, 2022–
The global market for smartphone battery cells achieved a total revenue of $8.7 billion in CY 2021, according to the Strategy Analytics Handset Component Technologies service report,“ Smartphone Battery Market Share Q4 2021: TDK owned ATL Captures Top Spot.”
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Smartphone Battery Market 2021, Source: Strategy Analytics’ Handset Component Technologies service
According to Strategy Analytics research, the total smartphone battery market experienced revenue growth of more than 10 percent year-over-year in 2021. In terms of vendor share,Amperex Technology Ltd (ATL)came out on top with 42 percent revenue share followed byLG Energy SolutionsandSamsung SDIin 2021. The top-three vendors capturedalmost 82 percent revenue share in the global smartphone battery market in 2021.
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.”
Source: Strategy Analytics, Inc.
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About Strategy Analytics
Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in: smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com.
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Service Name: Handset Component Technologies
View source version on businesswire.com:https://www.businesswire.com/news/home/20220328005004/en/
CONTACT: Report contacts:
Author: Jeffrey Mathews, +44 (0)1908 423 615,jmathews@strategyanalytics.com
European Contact: Stephen Entwistle, +44 (0)1908 423 636,sentwistle@strategyanalytics.com
US Contact: Christopher Taylor, +1 617 614 0706,ctaylor@strategyanalytics.com
KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS
INDUSTRY KEYWORD: CONSUMER ELECTRONICS TECHNOLOGY OTHER TECHNOLOGY TELECOMMUNICATIONS MOBILE/WIRELESS SOFTWARE HARDWARE
SOURCE: Strategy Analytics
Copyright Business Wire 2022.
PUB: 03/28/2022 04:53 PM/DISC: 03/28/2022 04:53 PM
http://www.businesswire.com/news/home/20220328005004/en
Copyright Business Wire 2022.
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