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Global smartphone battery market will have revenue of $7.5 billion in 2020, a YoY growth of 7%: Report
According to market research organization Strategy Analytics mobile phone component technology (HCT) service recently released a research report “Q4 smartphone battery market share in 2020-ATL occupy the first place” shows that in 2020 global smartphones The battery market revenue reached 7.5 billion US dollars, an increase of 7% year-on-year.
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Among them, Amperex Technology Ltd (ATL) dominates the global smartphone battery market with a 42% revenue share, followed by LG Energy (26% revenue share) and Samsung SDI (15% revenue share).
The top three suppliers account for nearly 83% of the revenue share in the global smartphone battery market. The supplier’s success is to meet the needs of smartphone customers by customizing batteries.
Stephen Entwistle, Vice President of Strategic Technology Practice at Strategy Analytics, predicts that in order to meet the mass market and 5G smartphone adoption, the demand for high-density batteries will continue to grow, and battery shipments will also grow. Fast-charging smartphone technology will further complement this.
