Global Betavoltaic Cell Market Size, Share and Forecast 2026 | TechSci Research

1. Published: April 2021 2016 – 2026 GLOBAL BETAVOLTAIC CELL MARKET – FORECAST AND OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

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12. Product Overview

13. Product Overview Product of Interest: Betavoltaic Cell A Betavoltaic cell is a device that generates electrical energy using the decay energy of a beta emitting radioisotope using transducers. The advantages associated with the betavoltaic cells are long service life, high energy density, small size, light weight, strong anti-interference ability and easy miniaturization and integration. Therefore, it has become a research hotspot in the field of micro energy. Betavoltaic cells find their applications wherein battery replacement is inconvenient such as medical devices, space instruments and military & civilian applications. Market Segmentation BY END USER INDUSTRY BY ISOTOPES TYPE Review Period 2016 – 2019 Base Year 2020 Estimated Year 2021 Forecast Period 2022 – 2026 • Aerospace • Electronics & Communication • Healthcare • Defense • Others Year Range Global Betavoltaic Cell Market • Tritium • Strontium • Krypton • Nickel • Others BY REGION BY SHAPE • Rectangular v/s Cylindrical • North America • Europe • Middle East & Africa • Asia Pacific • South America 13

14. Research Methodology

15. Research Methodology Data Validation Data Analysis Market Profiling Data Collection Formulating Questionnaire Developing List of Respondents In-depth secondary research was conducted to determine top players, overall market size and segmental market size in global betavoltaic cell market. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about global betavoltaic cell market. TechSci conducted interviews with industry experts and industry players for data collection and verification. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. List of industry players and industry specialists was developed. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. Data Filter & Analysis Data Collection Research & Intelligence Actionable Insights Business Solution Primary Research Desk Research Company Analysis • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Factiva • Hoovers 15

16. Research Methodology • Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global betavoltaic cell market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors and speculated a robust growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global betavoltaic cell market. Methodology Followed for Calculation of Market Size: • Market Size by Value: Market size, in terms of value, for the year2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts. • The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in the global betavoltaic cell market to obtain the overall market size during 2016-2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2016-2020. 16

17. Research Methodology • Respondents were asked about the current and future market growth rates, as well as market shares by component, by type, by end use, by category and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the component. Methodology Followed for Calculation of Market Shares: • Market shares by component, by type, by end use, by category and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading betavoltaic cell market players. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies operating in the global betavoltaic cell market. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results in SPSS/Tableau Software. 17

18. Research Methodology • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast the global betavoltaic cell market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market demand scenario. Note: Sum of some shares may not be 100% due to round off till two decimal places. 18

19. Industry Brief According to TechSci Research report, “Global Betavoltaic Cell Market By Isotopes Type (Tritium, Strontium, Krypton, Nickel and Others), By Shape (Regular and Cylindrical), By End User Industry (Healthcare, Aerospace, Defense, Electronics & Communication and Others), By Region, Competition Forecast & Opportunities, 2016-2026”, the Global Betavoltaic Cell Market is forecast to grow at a rate of 2.18% by value to reach USD394.57 million by 2026. Growth in the market can be attributed to the increasing investment by various governments across the globe in research & development activities to create better opportunities for the usage of betavoltaic cells. The betavoltaic battery is a type of micronuclear battery that harvests beta-emitting radioactive decay energy using semiconductors. These batteries are highly functional, can be miniaturized to the size of a human hair and can perform functions in difficult conditions such as in space, inside human body, polar regions, high mountains, etc. The Global Betavoltaic Market is expected to show growth in the forecast period owning to its niche applications in medical devices such as pacemakers, and defibrillators and in military equipment, spacecrafts, undersea exploration, etc.  The Global Betavoltaic Cell Market is segmented based on isotopes type, shape, end-user industry and region. In terms of isotopes type, the market can be segregated into Tritium, Strontium, Krypton, Nickel and Others. Out of these, the Tritium segment registered a dominant market share in 2020 due to valuable features like long half-life, lower specific power and inherited safety. Based on shape, the market is segmented into regular and cylindrical. The regular shape dominates the Global Betavoltaic Cell Market over the cylindrical shape owing to its compact size and ability of easy miniaturization and integration. Based on the end-user industry, the market is divided into Aerospace, Electronics & Communication, Healthcare, Defense and Others. The Healthcare Industry led the market in 2020 and is expected to show further growth in the forecast period. Betavoltaic cells find major applications in medical implants such as cardiac pacemakers. Moreover, the governments are increasing their investments in the research and development of the healthcare industry, which has further increased after the COVID-19 pandemic. These factors are anticipated to contribute to the growth of the segment in the Global Betavoltaic Cell Market. In the Global Betavoltaic Cell Market, North America is the largest contributor withholding the maximum market share in 2020. The US is the largest contributing country in the region for the forecast period due to a large number of space programs and space enthusiasts working in the field of space exploration. The US Betavoltaic Market also received huge investments from the government in the research & development of space programs. The US Betavoltaic Market is also growing due to the growth in the healthcare & medical devices sector and increasing demand for alternative power supply in military and civilian applications. The increasing adoption of betavoltaic cells to manufacture cardiac pacemakers is also a major factor in driving the growth of betavoltaic cells in North America. Widetronix, Inc., Qynergy Corporation, City Labs, Inc., BetaBatt, Inc., NDB Inc., etc. are among the leading players operating in the Global Betavoltaic Cell Market. Companies operating in the market are using organic strategies, partnerships and collaborations to boost their shares in the Global Betavoltaic Cell Market. Significant players in the market are concentrating on accomplishing ideal operational setup, enhancing manufacturability & commercialization, boosting productivity with high funding in R&D, and patenting the technology to achieve progress in the competitive Global Betavoltaic Cell Market. “Increasing investment in space technologies is the major factor for the growth in the Global Betavoltaic Cell Market. The research in the field of healthcare to power the medical implants for maintaining the biological functions is another niche application of the betavoltaic cell which is expected to fuel the growth of the Global Betavoltaic Cell Market. Moreover, the research and development divisions of different organizations are working to lay the foundation for the development of the betavoltaic cells as a long-life, self-charging micro power unit which will open further opportunities for the Global Betavoltaic Cell Market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm. 19

20. Sample Data - Snapshot Global Betavoltaic Cell Market Size, By Value (USD Million), 2016-2026F CAGR 2021E-2026F By Value: xx% CAGR 2016-2020 By Value: xx% Europe Betavoltaic Cell Market Share, By Shape, By Value, 2016-2026F Italy Betavoltaic Cell Market Share, By End User Industry, By Value, 2016-2026F 20

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