Solid State Battery Market by Application (Consumer and Portable Electronics, Electric Vehicle, Energy Harvesting, Wearable and Medical Devices, Others), by Type (Portable, Thin Film), by Capacity (Less than 20 mAh, 20 mAh to 500 mAh, More than 500 mAh): Global Opportunity Analysis and Industry Forecast, 2020-2030

Solid State Battery Market Statistics - 2030

The global solid state battery market size was valued at $0.5 Billion in 2020, and is projected to reach $3.4 Billion by 2030, growing at a CAGR of 18% from 2021 to 2030. 

Key drivers of the solid-state battery market include huge scope for application in consumer electronics. Solid state batteries are gradually finding use in the MedTech industry which will fuel the growth of the market in the coming years. Automobile manufacturers are actively investing in improving solid-state battery performance, in turn, driving the growth of the market.

Solid-state batteries are safer, more stable, and have higher energy densities compared to conventional Li-ion batteries with liquid electrolytes. They are used in various applications, including consumer electronics, electric vehicle, energy harvesting, medical devices, smart cards, and wireless communication. The global market has been analyzed based on revenue generated from the sales of commercialized solid-state batteries. In addition, investment from industry giants such as Apple, Samsung, Volkswagen, and BMW have been analyzed for deriving the numbers.

Solid State Battery Market Trends

Consumer electronics

Cordless electronic items are getting smaller and lighter. This makes them easier to use. The devices have different requirements and operate at different temperatures. The power source needs to be small, light, and have a high energy density. Solid-state batteries are longer-lasting and can function properly in humid conditions. This will positively impact the solid-state battery market in the coming years. The batteries are capable of charging quickly and are superior to lithium-ion battery as it does not have any liquid-gel electrolyte. It is easier to assemble and prevents thermal runaway in many electronic devices. The batteries support different capacities, sizes, and dimensions. The devices are intrinsically safe and do not cause any fire, leakage, or explosion. The technology employs electrodes and electrolytes in a solid state. The materials used are solid polymers, ceramics, oxides, phosphates, etc making it ideal for use in wearable devices and portable electronic items.

Medical device wearables

New battery designs are capable of changing the way smart healthcare implants work. Telemedicine and telemonitoring devices are driving the spread of medical implants that measure the core vitals of patients such as blood pressure, sugar levels, pulse monitoring, etc. Moreover, the spread of IoT devices has led to the miniaturization of electronic devices with smart sensors embedded for transmitting crucial data. They rely extensively on the internet. Hence the need for an efficient power source will augment the growth of the solid-state battery market in the upcoming years. The current large physical size of lithium-ion batteries makes them unsuitable for use in medical implants. This restricts the overall applications. The inherent battery electrolyte reacts with the oxygen present in the cathode to create a self-sustaining fire. The same electrolyte contains elements that are toxic. Solid state batteries are smaller, have greater power density, and provide a longer lifespan. The solid electrolytes prevent any instances of hazardous situations. Power-efficient electronic components benefit the most from solid-state battery performance.

Electric Vehicles

Lithium-ion is the sought-after material for an EV battery. However solid-state batteries consume more energy in less material. The solid ceramic material is used for carrying the electric current which makes the batteries lighter, faster to charge, and cheaper. Lithium-ion EV batteries have lower charging cycles and start to degrade eventually. On the other hand, solid-state batteries have higher electrochemical stability and are more reliable and compact in nature. The recharge capacity is more than regular batteries and has a higher energy density. This increase the operational safety of vehicles and provides a longer traveling range than their lithium coin-cell counterparts. This will bolster the growth of the solid-state battery market in the upcoming years. It does not contain any added volatile element. Hence automobile manufacturers are investing rapidly to improve the performance of solid-state batteries.

Complex manufacturing processes

Solid-state batteries are generally more expensive than other conventional batteries. The cost of the fabrication of the cells is high and there is a requirement for complex equipment. Battery manufacturers are finding it difficult to obtain highly efficient electrodes at cheaper prices. This will deter the growth of the solid-state battery market in the upcoming years. Mass production and manufacturing are still far away. On the other hand, lithium-ion batteries are abundantly available and easier to get. The suitable material for a solid-state electrolyte with superior ionic conductivity is still not available to produce commercially.

Solid State Battery Market By Type

Based on type, the portable segment will witness considerable growth opportunities in the solid state battery market share due to the extensive use of portable devices and rapid urbanization.

Solid State Battery Market By Capacity

Based on capacity, the 20 mAh-500 mAh segment will be the most lucrative during the forecast period due to the huge demand for solid-state batteries from many applications such as consumer electronics, energy storage, and the wearables industry.

Solid State Battery Market By Application

Based on application, the consumer and portable electronics segment will grow the highest in the solid state battery market share due to rising safety concerns against liquid-based electrolytes and increasing consumer spending on consumer electronic items like laptops, smartphones, tablets, PCs, etc.

Solid State Battery Market By Region

Based on region, Asia-pacific will maintain dominance due to the presence of a huge consumer base in emerging countries like India, and China and the increasing use of battery energy storage systems. The development of the renewable energy industry will also contribute to the growth of the market.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the solid state battery market analysis from 2020 to 2030 to identify the prevailing solid state battery market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the solid state battery market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global solid state battery market trends, key players, market segments, application areas, and market growth strategies.

Solid State Battery Market Segment By Type

• Portable
• Thin Film

Solid State Battery Market Segment By Application

• Consumer Electronics and Portable Electronics
• Electric Vehicle
• Energy Harvesting
• Wearable and Medical Devices
• Others

Solid State Battery Market Segment By Capacity

• Less than 20 mAh
• 20 mAh to 500 mAh
• More than 500 mAh

By Region

 North America

• Canada
• U.S.
• Mexico

    Europe

• UK
• Germany
• France
• Denmark
• Finland
• Rest of Europe

    Asia-Pacific

• China
• Japan
• South Korea
• Australia
• Rest of Asia-Pacific

CHAPTER 1 :INTRODUCTION

• 1.1.Report description
• 1.2.Key market segments
• 1.3.Key benefits to the stakeholders
• 1.4.Research Methodology
  • 1.4.1.Secondary research
  • 1.4.2.Primary research
  • 1.4.3.Analyst tools and models

• CHAPTER 2:EXECUTIVE SUMMARY
  • 2.1.Key findings of the study
  • 2.2.CXO Perspective

• CHAPTER 3:MARKET OVERVIEW
  • 3.1.Market definition and scope
  • 3.2.Key findings
    • 3.2.1.Top investment pockets
  • 3.3.Porter’s five forces analysis
  • 3.4.Top player positioning
  • 3.5.Market dynamics
    • 3.5.1.Drivers
    • 3.5.2.Restraints
    • 3.5.3.Opportunities
  • 3.6.COVID-19 Impact Analysis on the market
  • 3.7.Value Chain Analysis
  • 3.8.Key Regulation Analysis
  • 3.9.Patent Landscape

• CHAPTER 4: SOLID STATE BATTERY MARKET, BY APPLICATION
  • 4.1 Overview
  • 4.1.1 Market size and forecast
  • 4.2 Consumer and Portable Electronics
    • 4.2.1 Key market trends, growth factors and opportunities
    • 4.2.2 Market size and forecast, by region
    • 4.2.3 Market analysis by country
  • 4.3 Electric Vehicle
    • 4.3.1 Key market trends, growth factors and opportunities
    • 4.3.2 Market size and forecast, by region
    • 4.3.3 Market analysis by country
  • 4.4 Energy Harvesting
    • 4.4.1 Key market trends, growth factors and opportunities
    • 4.4.2 Market size and forecast, by region
    • 4.4.3 Market analysis by country
  • 4.5 Wearable and Medical Devices
    • 4.5.1 Key market trends, growth factors and opportunities
    • 4.5.2 Market size and forecast, by region
    • 4.5.3 Market analysis by country
  • 4.6 Others
    • 4.6.1 Key market trends, growth factors and opportunities
    • 4.6.2 Market size and forecast, by region
    • 4.6.3 Market analysis by country

• CHAPTER 5: SOLID STATE BATTERY MARKET, BY TYPE
  • 5.1 Overview
  • 5.1.1 Market size and forecast
  • 5.2 Portable
    • 5.2.1 Key market trends, growth factors and opportunities
    • 5.2.2 Market size and forecast, by region
    • 5.2.3 Market analysis by country
  • 5.3 Thin Film
    • 5.3.1 Key market trends, growth factors and opportunities
    • 5.3.2 Market size and forecast, by region
    • 5.3.3 Market analysis by country

• CHAPTER 6: SOLID STATE BATTERY MARKET, BY CAPACITY
  • 6.1 Overview
  • 6.1.1 Market size and forecast
  • 6.2 Less than 20 mAh
    • 6.2.1 Key market trends, growth factors and opportunities
    • 6.2.2 Market size and forecast, by region
    • 6.2.3 Market analysis by country
  • 6.3 20 mAh to 500 mAh
    • 6.3.1 Key market trends, growth factors and opportunities
    • 6.3.2 Market size and forecast, by region
    • 6.3.3 Market analysis by country
  • 6.4 More than 500 mAh
    • 6.4.1 Key market trends, growth factors and opportunities
    • 6.4.2 Market size and forecast, by region
    • 6.4.3 Market analysis by country

• CHAPTER 7: SOLID STATE BATTERY MARKET, BY REGION
  • 7.1 Overview
  • 7.1.1 Market size and forecast
  • 7.2 North America
    • 7.2.1 Key trends and opportunities
    • 7.2.2 North America Market size and forecast, by Application
    • 7.2.3 North America Market size and forecast, by Type
    • 7.2.4 North America Market size and forecast, by Capacity
    • 7.2.5 North America Market size and forecast, by country
      • 7.2.5.1 U.S.
      • 7.2.5.1.1 Market size and forecast, by Application
      • 7.2.5.1.2 Market size and forecast, by Type
      • 7.2.5.1.3 Market size and forecast, by Capacity
      • 7.2.5.2 Canada
      • 7.2.5.2.1 Market size and forecast, by Application
      • 7.2.5.2.2 Market size and forecast, by Type
      • 7.2.5.2.3 Market size and forecast, by Capacity
      • 7.2.5.3 Mexico
      • 7.2.5.3.1 Market size and forecast, by Application
      • 7.2.5.3.2 Market size and forecast, by Type
      • 7.2.5.3.3 Market size and forecast, by Capacity
  • 7.3 Europe
    • 7.3.1 Key trends and opportunities
    • 7.3.2 Europe Market size and forecast, by Application
    • 7.3.3 Europe Market size and forecast, by Type
    • 7.3.4 Europe Market size and forecast, by Capacity
    • 7.3.5 Europe Market size and forecast, by country
      • 7.3.5.1 Germany
      • 7.3.5.1.1 Market size and forecast, by Application
      • 7.3.5.1.2 Market size and forecast, by Type
      • 7.3.5.1.3 Market size and forecast, by Capacity
      • 7.3.5.2 France
      • 7.3.5.2.1 Market size and forecast, by Application
      • 7.3.5.2.2 Market size and forecast, by Type
      • 7.3.5.2.3 Market size and forecast, by Capacity
      • 7.3.5.3 U.K.
      • 7.3.5.3.1 Market size and forecast, by Application
      • 7.3.5.3.2 Market size and forecast, by Type
      • 7.3.5.3.3 Market size and forecast, by Capacity
      • 7.3.5.4 Italy
      • 7.3.5.4.1 Market size and forecast, by Application
      • 7.3.5.4.2 Market size and forecast, by Type
      • 7.3.5.4.3 Market size and forecast, by Capacity
      • 7.3.5.5 Spain
      • 7.3.5.5.1 Market size and forecast, by Application
      • 7.3.5.5.2 Market size and forecast, by Type
      • 7.3.5.5.3 Market size and forecast, by Capacity
      • 7.3.5.6 Rest of Europe
      • 7.3.5.6.1 Market size and forecast, by Application
      • 7.3.5.6.2 Market size and forecast, by Type
      • 7.3.5.6.3 Market size and forecast, by Capacity
  • 7.4 Asia-Pacific
    • 7.4.1 Key trends and opportunities
    • 7.4.2 Asia-Pacific Market size and forecast, by Application
    • 7.4.3 Asia-Pacific Market size and forecast, by Type
    • 7.4.4 Asia-Pacific Market size and forecast, by Capacity
    • 7.4.5 Asia-Pacific Market size and forecast, by country
      • 7.4.5.1 China
      • 7.4.5.1.1 Market size and forecast, by Application
      • 7.4.5.1.2 Market size and forecast, by Type
      • 7.4.5.1.3 Market size and forecast, by Capacity
      • 7.4.5.2 Japan
      • 7.4.5.2.1 Market size and forecast, by Application
      • 7.4.5.2.2 Market size and forecast, by Type
      • 7.4.5.2.3 Market size and forecast, by Capacity
      • 7.4.5.3 India
      • 7.4.5.3.1 Market size and forecast, by Application
      • 7.4.5.3.2 Market size and forecast, by Type
      • 7.4.5.3.3 Market size and forecast, by Capacity
      • 7.4.5.4 Australia
      • 7.4.5.4.1 Market size and forecast, by Application
      • 7.4.5.4.2 Market size and forecast, by Type
      • 7.4.5.4.3 Market size and forecast, by Capacity
      • 7.4.5.5 South Korea
      • 7.4.5.5.1 Market size and forecast, by Application
      • 7.4.5.5.2 Market size and forecast, by Type
      • 7.4.5.5.3 Market size and forecast, by Capacity
      • 7.4.5.6 Rest of Asia-Pacific
      • 7.4.5.6.1 Market size and forecast, by Application
      • 7.4.5.6.2 Market size and forecast, by Type
      • 7.4.5.6.3 Market size and forecast, by Capacity
  • 7.5 LAMEA
    • 7.5.1 Key trends and opportunities
    • 7.5.2 LAMEA Market size and forecast, by Application
    • 7.5.3 LAMEA Market size and forecast, by Type
    • 7.5.4 LAMEA Market size and forecast, by Capacity
    • 7.5.5 LAMEA Market size and forecast, by country
      • 7.5.5.1 Brazil
      • 7.5.5.1.1 Market size and forecast, by Application
      • 7.5.5.1.2 Market size and forecast, by Type
      • 7.5.5.1.3 Market size and forecast, by Capacity
      • 7.5.5.2 South Africa,
      • 7.5.5.2.1 Market size and forecast, by Application
      • 7.5.5.2.2 Market size and forecast, by Type
      • 7.5.5.2.3 Market size and forecast, by Capacity
      • 7.5.5.3 Saudi Arabia
      • 7.5.5.3.1 Market size and forecast, by Application
      • 7.5.5.3.2 Market size and forecast, by Type
      • 7.5.5.3.3 Market size and forecast, by Capacity
      • 7.5.5.4 Rest of LAMEA
      • 7.5.5.4.1 Market size and forecast, by Application
      • 7.5.5.4.2 Market size and forecast, by Type
      • 7.5.5.4.3 Market size and forecast, by Capacity

• CHAPTER 8: COMPANY LANDSCAPE
  • 8.1. Introduction
  • 8.2. Top winning strategies
  • 8.3. Product Mapping of Top 10 Player
  • 8.4. Competitive Dashboard
  • 8.5. Competitive Heatmap
  • 8.6. Key developments

• CHAPTER 9: COMPANY PROFILES
  • 9.1 SK Innovation Co., Ltd.
    • 9.1.1 Company overview
    • 9.1.2 Company snapshot
    • 9.1.3 Operating business segments
    • 9.1.4 Product portfolio
    • 9.1.5 Business performance
    • 9.1.6 Key strategic moves and developments
  • 9.2 STMicroelectronics
    • 9.2.1 Company overview
    • 9.2.2 Company snapshot
    • 9.2.3 Operating business segments
    • 9.2.4 Product portfolio
    • 9.2.5 Business performance
    • 9.2.6 Key strategic moves and developments
  • 9.3 TotalEnergies
    • 9.3.1 Company overview
    • 9.3.2 Company snapshot
    • 9.3.3 Operating business segments
    • 9.3.4 Product portfolio
    • 9.3.5 Business performance
    • 9.3.6 Key strategic moves and developments
  • 9.4 Store Dot
    • 9.4.1 Company overview
    • 9.4.2 Company snapshot
    • 9.4.3 Operating business segments
    • 9.4.4 Product portfolio
    • 9.4.5 Business performance
    • 9.4.6 Key strategic moves and developments
  • 9.5 QuantumScape Corpoation
    • 9.5.1 Company overview
    • 9.5.2 Company snapshot
    • 9.5.3 Operating business segments
    • 9.5.4 Product portfolio
    • 9.5.5 Business performance
    • 9.5.6 Key strategic moves and developments
  • 9.6 LLC
    • 9.6.1 Company overview
    • 9.6.2 Company snapshot
    • 9.6.3 Operating business segments
    • 9.6.4 Product portfolio
    • 9.6.5 Business performance
    • 9.6.6 Key strategic moves and developments
  • 9.7 INC.
    • 9.7.1 Company overview
    • 9.7.2 Company snapshot
    • 9.7.3 Operating business segments
    • 9.7.4 Product portfolio
    • 9.7.5 Business performance
    • 9.7.6 Key strategic moves and developments
  • 9.8 INC.
    • 9.8.1 Company overview
    • 9.8.2 Company snapshot
    • 9.8.3 Operating business segments
    • 9.8.4 Product portfolio
    • 9.8.5 Business performance
    • 9.8.6 Key strategic moves and developments
  • 9.9 Solid Power Inc
    • 9.9.1 Company overview
    • 9.9.2 Company snapshot
    • 9.9.3 Operating business segments
    • 9.9.4 Product portfolio
    • 9.9.5 Business performance
    • 9.9.6 Key strategic moves and developments
  • 9.10 Factorial Inc
    • 9.10.1 Company overview
    • 9.10.2 Company snapshot
    • 9.10.3 Operating business segments
    • 9.10.4 Product portfolio
    • 9.10.5 Business performance
    • 9.10.6 Key strategic moves and developments
  • 9.11 Ganfeng Lithium Co., Ltd
    • 9.11.1 Company overview
    • 9.11.2 Company snapshot
    • 9.11.3 Operating business segments
    • 9.11.4 Product portfolio
    • 9.11.5 Business performance
    • 9.11.6 Key strategic moves and developments
  • 9.12 Ilika
    • 9.12.1 Company overview
    • 9.12.2 Company snapshot
    • 9.12.3 Operating business segments
    • 9.12.4 Product portfolio
    • 9.12.5 Business performance
    • 9.12.6 Key strategic moves and developments
  • 9.13 Prieto Battery
    • 9.13.1 Company overview
    • 9.13.2 Company snapshot
    • 9.13.3 Operating business segments
    • 9.13.4 Product portfolio
    • 9.13.5 Business performance
    • 9.13.6 Key strategic moves and developments