Solid State Battery Market - Forecast(2024 - 2030)

Report Code: ESR 92133 Report Format: PDF + Excel

Solid State Battery Market Overview

The global Solid State Battery Market is estimated to surpass $450.3 million mark by 2026 growing at an estimated CAGR of more than 34.5% during the forecast period 2021 to 2026. Solid-state batteries technology that involves solid electrolytes and solid electrodes and not using the polymer or liquid electrolytes are found in lithium-ion batteries. Solid-state battery technology is considered to be an alternative to the Li-ion battery technology. Rising investments on Research and developments for the battery, increasing utilising of energy storage battery, rising adoption of electronic devices and gadgets are some factors that drive the market. Solid state batteries are utilised in Electric vehicle that will hike in the growth which is environmental friendly comparatively to the liion batteries. Healthcare industry has major factors like pacemakers, RFID and other wearable are driving the market. These factors are set to boosts the market growth for Solid State Battery during the forecast period 2021-2026.

Solid State Battery Market Report Coverage

The report: “Solid State Battery Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Solid State Battery market.
By Application  – Consumer electronics, Electric vehicles, Energy storage, Wearables, Healthcare devices, and others.
By Capacity – < 20 mAh, 20mAh – 100 mAh, 100-500 mAh, >500mAh.
By Battery Type – Thin film battery, Portable battery.
By Geography - North America (U.S, Canada), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South Korea, Aus and Others), South America (Brazil, Argentina and Others) and RoW (Middle east and Africa)

Key Takeaways

  • The Solid-state battery is expected to grow substantially during the forecasted period and rising demand for solid-state batteries across end-use markets along with rising R&D focused on developing advanced batteries is likely to drive the market growth over the forecast period.
  • Consumer electronics sector is in the demand and also will increase in the demand during the forecasted period due its demand in the market.
  • APAC holds the largest share of the market and will grow substantially during the forecasted period.

Solid State Battery Market, By Battery Type

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Solid State Battery Market Segment Analysis – By Application

Market is segmented based on the Application, where consumer electronics holds the major share in the market. Rapid advancement in technologies and rapid urbanisation has increased which in turn increased the growth of consumer electronics like smartphones, laptops, media players, consoles, and other devices. The increase in disposable income has increased the growth of consumer electronics.  Wearable & medical devices segment accounted for a significant market share with the substantial growth over the forecast period. Rising demand for small energy storage sources and wearable electronics is projected to favour the segment growth

Solid State Battery Market Segment Analysis – By Battery type

Market is segmented based battery type such as thin film battery and portable battery. Thin film battery is expected to grow in the forecasted period. These thin film batteries are used in wearable devices in fitness & healthcare industry majorly. Thin film batteries majorly used reasons are for its compatibility and efficient recharging rate. This battery is environmental friendly as compared to many other batteries. Portable batteries are used in laptop, mobiles, calculators, and others. Portable battery will also grow during the forecasted period.  

Solid State Battery Market Segment Analysis – By Geography

APAC is expected to grow and will have the highest share in the forecasted period. High demand for solid-state batteries across major economies, such as China and India is the major factor for the growth. The major producers for the wearable devices are from the APAC region and with high population the most consumers are also from APAC region. North America follows APAC in the consumption of solid state batteries and is set to witness significant growth driven by power and energy and automotive applications.

Solid State Battery Market Drivers

Technological Advancements in the wireless sector

Increased demand for efficient batteries and growing consumer electronics market are the major drivers for the increased investments toward solid state batteries. The automobile companies are also investing significant amounts in efficient solid state batteries for the electric vehicles manufactured by them. The smartphone industry is a major end-user of these batteries and the market for these batteries is anticipated to further grow owing to development in wireless technologies.

Rise of Electric Vehicles

Solid state batteries are increasingly focusing on the electric vehicle industry with its benefits but still the research is going on for the new technology, as the power backup of Solid state battery is low for the Electric vehicle. It only lasts for 4-5 hrs for each charging.  The production line of electric cars use solid state batteries in many stages. As of now the major market driver for Solid state battery is electric vehicle. Emission free environment is one the major project which is being developed.

Solid State Battery Market Challenges

Manufacturing Cost

The manufacturing cost of Solid state batteries is higher comparatively with the other batteries. Manufacturing of Solid State batteries are 60% more costly than manufacturing a Nickel Cadmium cells. Maintaining the voltage with protection circuit is considered to be one the challenges in solid state Battery. 

Solid State Battery Market Landscape

Solid State Battery companies use the strategies like acquisition, expansion, collaboration, partnerships and R&D for the market growth. Solid State Battery consists of few major players in the market Google Inc.,Naunce Communication, IBM, Baidu, Amazon, Microsoft, Raytheon, BBN Technologies, Sensory, Iflyte, Speak2web 

Acquisitions/Technology Launches/Partnerships

  • In April 2021, Ford is set to open new lab to develop next-gen lithium-ion and solid-state batteries
  • In April 2021, Ganfeng Lithium announced that it would build a plant in its home province of Jiangxi to produce 7,000 tonnes per year of lithium metal for the burgeoning solid-state battery sector. 

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Lithium Ion Battery Market - Forecast(2021 - 2026)

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Automotive Battery Market - Forecast(2021 - 2026)

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1. Solid State Battery Market Overview
    1.1. Definitions and Scope
2. Solid State Battery Market - Executive Summary
    2.1. Market Revenue, Market Size and Key Trends by Company
    2.2. Key trends by type
    2.3. Key trends segmented by geography
3. Solid State Battery Market
    3.1. Comparative analysis
        3.1.1. Product Benchmarking - Top 10 companies
        3.1.2. Top 5 Financials Analysis
        3.1.3. Market Value split by Top 10 companies
        3.1.4. Patent Analysis
            3.1.4.1. By Year
            3.1.4.2. By Major Areas of Research
            3.1.4.3. By Country (Top five)
            3.1.4.4. By Applicant
        3.1.5. Pricing Analysis
4. Solid State Battery Market - Startup companies Scenario Premium Premium
    4.1. Top 5 startup company Analysis by
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Market Shares
        4.1.4. Market Size and Application Analysis
        4.1.5. Venture Capital and Funding Scenario
5. Solid State Battery Market - Industry Market Entry Scenario Premium Premium
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing business index
    5.3. Case studies of successful ventures
    5.4. Customer Analysis - Top 5 companies
6. Solid State Battery Market Forces
    6.1. Drivers
    6.2. Constraints
    6.3. Challenges
    6.4. Porters five force model
        6.4.1. Bargaining power of suppliers
        6.4.2. Bargaining powers of customers
        6.4.3. Threat of new entrant
        6.4.4. Rivalry among existing players
        6.4.5. Threat of substitutes
7. Solid State Battery Market -Strategic analysis
    7.1. Value chain analysis
    7.2. Opportunities analysis
    7.3. Product life cycle
    7.4. Suppliers and distributors Market Share
8. Solid State Battery Market – By Type
    8.1. Pouch Batteries
    8.2. Thin-Film Batteries
    8.3. Bare Die Batteries
    8.4. Other Batteries
9. Solid State Battery Market – By Capacity
    9.1. Battery Capacity Less Than 20 mAh
    9.2. Battery Capacity Between 20 mAh & 500 mAh
    9.3. Battery Capacity 500 mAh & Above
10. Solid State Battery Market –By Applications
    10.1. Electric Vehicle
        10.1.1. Pure Electric
        10.1.2.Hybrid Electric
    10.2. Energy Storage Systems
        10.2.1. On-Grid Connection
        10.2.2. Off-Grid Connection
    10.3. Consumer Electronics
        10.3.1. Portable Devices
        10.3.2.Wearable Devices
        10.3.3.Others
    10.4. Energy Harvesting
    10.5. Medical Devices
    10.6. Wireless Communication
    10.7. Others
11. Solid State Battery Market
    11.1. North America
        11.1.1.U.S
        11.1.2. Canada
        11.1.3.Mexico
    11.2. South America
        11.2.1. Brazil
        11.2.2. Argentina
        11.2.3. Others
    11.3. Europe
        11.3.1. U.K
        11.3.2. Germany
        11.3.3. France
        11.3.4. Italy
        11.3.5. Spain
        11.3.6. Others
    11.4. APAC
        11.4.1. China
        11.4.2. Australia
        11.4.3. Japan
        11.4.4. South Korea
        11.4.5. India
        11.4.6. Taiwan
        11.4.7. Others
    11.5. RoW
        11.5.1.Middle East
        11.5.2. Africa
12. Solid State Battery Market – Entropy
13. Solid State Battery Market - Industry / Segment Competition landscape Premium Premium
    13.1. Market Share Analysis
        13.1.1.Market Share by Country- Top companies
        13.1.2.Market Share by Region- Top 10 companies
        13.1.3.Market Share by type of Application - Top 10 companies
        13.1.4.Market Share by type of Product / Product category- Top 10 companies
        13.1.5.Market Share at global level - Top 10 companies
        13.1.6. Best Practises for companies
14. Solid State Battery Market - Key Company List by Country Premium Premium
15. Solid State Battery Market Company Analysis
    15.1. Brightvolt, Inc.
    15.2. Cymbet Corporation
    15.3. Excellatron Solid State, LLC
    15.4. Infinite Power Solution, Inc.
    15.5. Samsung SDI Co
    15.6. Company 6
    15.7. Company 7

LIST OF TABLES

1.Global Solid State Battery Market Analysis By Type Market 2023-2030 ($M)
1.1 Thin-Film Batteries Market 2023-2030 ($M) - Global Industry Research
1.2 Portable Batteries Market 2023-2030 ($M) - Global Industry Research
2.Global Market Analysis By Capacity Market 2023-2030 ($M)
2.1 Battery CapacityLess Than 20 mAh Market 2023-2030 ($M) - Global Industry Research
2.2 Battery CapacityBetween 20 mAh & 500 mAh Market 2023-2030 ($M) - Global Industry Research
2.3 Battery Capacity500 mAh & Above Market 2023-2030 ($M) - Global Industry Research
3.Global Solid State Battery Market Analysis By Type Market 2023-2030 (Volume/Units)
3.1 Thin-Film Batteries Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Portable Batteries Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Market Analysis By Capacity Market 2023-2030 (Volume/Units)
4.1 Battery CapacityLess Than 20 mAh Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Battery CapacityBetween 20 mAh & 500 mAh Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Battery Capacity500 mAh & Above Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Solid State Battery Market Analysis By Type Market 2023-2030 ($M)
5.1 Thin-Film Batteries Market 2023-2030 ($M) - Regional Industry Research
5.2 Portable Batteries Market 2023-2030 ($M) - Regional Industry Research
6.North America Market Analysis By Capacity Market 2023-2030 ($M)
6.1 Battery CapacityLess Than 20 mAh Market 2023-2030 ($M) - Regional Industry Research
6.2 Battery CapacityBetween 20 mAh & 500 mAh Market 2023-2030 ($M) - Regional Industry Research
6.3 Battery Capacity500 mAh & Above Market 2023-2030 ($M) - Regional Industry Research
7.South America Solid State Battery Market Analysis By Type Market 2023-2030 ($M)
7.1 Thin-Film Batteries Market 2023-2030 ($M) - Regional Industry Research
7.2 Portable Batteries Market 2023-2030 ($M) - Regional Industry Research
8.South America Market Analysis By Capacity Market 2023-2030 ($M)
8.1 Battery CapacityLess Than 20 mAh Market 2023-2030 ($M) - Regional Industry Research
8.2 Battery CapacityBetween 20 mAh & 500 mAh Market 2023-2030 ($M) - Regional Industry Research
8.3 Battery Capacity500 mAh & Above Market 2023-2030 ($M) - Regional Industry Research
9.Europe Solid State Battery Market Analysis By Type Market 2023-2030 ($M)
9.1 Thin-Film Batteries Market 2023-2030 ($M) - Regional Industry Research
9.2 Portable Batteries Market 2023-2030 ($M) - Regional Industry Research
10.Europe Market Analysis By Capacity Market 2023-2030 ($M)
10.1 Battery CapacityLess Than 20 mAh Market 2023-2030 ($M) - Regional Industry Research
10.2 Battery CapacityBetween 20 mAh & 500 mAh Market 2023-2030 ($M) - Regional Industry Research
10.3 Battery Capacity500 mAh & Above Market 2023-2030 ($M) - Regional Industry Research
11.APAC Solid State Battery Market Analysis By Type Market 2023-2030 ($M)
11.1 Thin-Film Batteries Market 2023-2030 ($M) - Regional Industry Research
11.2 Portable Batteries Market 2023-2030 ($M) - Regional Industry Research
12.APAC Market Analysis By Capacity Market 2023-2030 ($M)
12.1 Battery CapacityLess Than 20 mAh Market 2023-2030 ($M) - Regional Industry Research
12.2 Battery CapacityBetween 20 mAh & 500 mAh Market 2023-2030 ($M) - Regional Industry Research
12.3 Battery Capacity500 mAh & Above Market 2023-2030 ($M) - Regional Industry Research
13.MENA Solid State Battery Market Analysis By Type Market 2023-2030 ($M)
13.1 Thin-Film Batteries Market 2023-2030 ($M) - Regional Industry Research
13.2 Portable Batteries Market 2023-2030 ($M) - Regional Industry Research
14.MENA Market Analysis By Capacity Market 2023-2030 ($M)
14.1 Battery CapacityLess Than 20 mAh Market 2023-2030 ($M) - Regional Industry Research
14.2 Battery CapacityBetween 20 mAh & 500 mAh Market 2023-2030 ($M) - Regional Industry Research
14.3 Battery Capacity500 mAh & Above Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Solid State Battery Market Revenue, 2023-2030 ($M)
2.Canada Solid State Battery Market Revenue, 2023-2030 ($M)
3.Mexico Solid State Battery Market Revenue, 2023-2030 ($M)
4.Brazil Solid State Battery Market Revenue, 2023-2030 ($M)
5.Argentina Solid State Battery Market Revenue, 2023-2030 ($M)
6.Peru Solid State Battery Market Revenue, 2023-2030 ($M)
7.Colombia Solid State Battery Market Revenue, 2023-2030 ($M)
8.Chile Solid State Battery Market Revenue, 2023-2030 ($M)
9.Rest of South America Solid State Battery Market Revenue, 2023-2030 ($M)
10.UK Solid State Battery Market Revenue, 2023-2030 ($M)
11.Germany Solid State Battery Market Revenue, 2023-2030 ($M)
12.France Solid State Battery Market Revenue, 2023-2030 ($M)
13.Italy Solid State Battery Market Revenue, 2023-2030 ($M)
14.Spain Solid State Battery Market Revenue, 2023-2030 ($M)
15.Rest of Europe Solid State Battery Market Revenue, 2023-2030 ($M)
16.China Solid State Battery Market Revenue, 2023-2030 ($M)
17.India Solid State Battery Market Revenue, 2023-2030 ($M)
18.Japan Solid State Battery Market Revenue, 2023-2030 ($M)
19.South Korea Solid State Battery Market Revenue, 2023-2030 ($M)
20.South Africa Solid State Battery Market Revenue, 2023-2030 ($M)
21.North America Solid State Battery By Application
22.South America Solid State Battery By Application
23.Europe Solid State Battery By Application
24.APAC Solid State Battery By Application
25.MENA Solid State Battery By Application
26.Cymbet Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Robert Bosch GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Stmicroelectronics N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Toyota Motor Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Sakti3 Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)