Currently confined to a limited application bracket, betavoltaic cell functions like a nuclear analogue of a solar cell. Increasing application in key areas like aerospace, healthcare, and medical is expected to majorly drive the growth of betavoltaic cell market according to an ongoing study of Fairfield Market Research. The long autonomous life of BV cell offers it excellent durability, which is likely to push their preference over conventional batteries soon in future. Primary findings project that Tritium will most likely remain the most sought-after type of isotope on the back of its longer half-life, lower specific power, and innate safety profile when compared to its other counterparts, i.e., Krypton, Nickel, and Strontium.
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An Extending Potential Application Base to Favour Market Growth
Although way far from ubiquity, and fully commercial market space, betavoltaic cells are here to stay and will attract massive investments around their key attributes – a long-lasting service life, light weight, compact size, higher energy density, superior anti-interface ability, and stable performance. A lot of research is underway around BV cell technology, and its potential applicability and use cases, which remains one of the strongest boosters to market growth. While spacecrafts, and cardiac pacemakers have been the most prominent applications of BV cells, the study expects their application potential to thrive exponentially based on their excellent miniaturisation abilities.
The market will also gain significantly from potential application of betavoltaic cells in consumer electronics industry as they are increasingly being perceived as an ideal trickle-charging solution. With rocketing demand for laptops, smartphones, and a host of mobile devices that operate on conventional rechargeable electrochemical batteries, adoption of betavoltaic cells is thus likely to escalate. Considering their application potential for tamper-proof military systems, and encryption keys, military and defence will also looks like a highly profitable area for investors and stakeholders in market, says the report.
BV Cells Witness Ascending Adoption in Medical Implants
The market has been reaping the benefits of demand from the medical and healthcare industry, especially in surgery. Much beyond the earliest adopters of BV cells like pacemakers, and defibrillators, there exist a multitude of opportunities in cardiac implants, as well as other implantable medical devices, and other segments such as infusion pumps, cerebral neurostimulators, intraocular and cochlear implants, and drug delivery systems (in-vivo). Growing preference for low-power, small-sized, scalable devices in industry is expected to remain the key factor behind proliferation of BV cell consumption across a range of medical and healthcare applications. Rapid developments in brain-to-computer interface devices, and electronic medical tags are also expected to unlock newer growth opportunities for betavoltaic battery manufacturers.
Major Companies in Betavoltaic Cell Market
Qynergy Corporation, Arkenlight, NDB Inc., City Labs, BetaBatt, Inc., and Widetronix, Inc., constitute some of the notable players actively participating in global betavoltaic cell market competition. While extensive R&D is likely to remain the key focal area for most of these companies, commercialisation will be the prime objective to extend reach to newer application areas, and thereby enter newer markets. With tech innovations flooding the BV cell space and a few start-ups making their forays into innovative application segments, the market is expected to see growing significance of betavoltaic battery technology patenting.
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