According to Strategy Analytics, smartphone battery market revenue has an increase of 7% year-over-year in 2020.

Strategy Analytics, the leading technology markets research company, in its Handset Component Technologies (HCT) service report, Smartphone Battery Market Share Q4 2020: ATL Takes First Place, stated that the global smartphone battery market revenue reaches $7.5 billion in 2020.

Strategy Analytics found that the smartphone battery market increases by 7% year-over-year in 2020. Amperex Technology Ltd (ATL) dominates the smartphone battery market with 42% revenue share, followed by LG Energy and Samsung SDI.

The top three suppliers account for nearly 83% revenue share in the global smartphone battery market. The top three suppliers account for nearly 83% revenue share of the global smartphone battery market. And their success is through customization of batteries to meet the needs of smartphone customers.