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Three companies took over 80% of the smartphone battery market in 2021
Strategy Analytics has assessed the balance of power in the global smartphone battery market: last year, the industry showed growth, despite a decrease in the supply of smart cellular devices in quantitative terms.
Market volume reached $ 7.5 billion. This is about 7% more compared to the result of 2021, when the total revenue of suppliers was about $ 7.0 billion.
Analysts point out that the growth of the battery segment amid a shrinking smartphone market as a whole is due to two main reasons. First, developers are increasingly using high-capacity batteries, which is especially important in light of the development of the 5G segment. And, secondly, many flagship smartphones are equipped with dual-module batteries, which are more expensive than conventional single-piece products.
The market leader is Amperex Technology Ltd (ATL), which controls 42% of smartphone battery shipments in monetary terms. In second place is LG Energy with a 26% share. «Bronze» went to Samsung SDI, which showed a result of 15% at the end of last year.
Thus, the three named manufacturers together control 83% of the global market for batteries for smart cell devices.