by The “Solid State Battery Market Size, Share, Trends, and Growth Analysis Report By Type: (Thin Film Battery and Portable Battery); By Capacity: (Below 20mAh, 20mAh-500mAh, Above 500mAh); By Application: (Consumer & Portable Electronics, Electric Vehicles, Energy Harvesting, Wearable & Medical Devices, Others), by Region, and Segment Forecasts, 2021-2030” report has been added to Precedence Research’s offering.
The solid state battery market was valued at approximately USD 92.05 million in 2021, and it is expected to witness a revenue of USD 1,645.60 million in 2030, with a CAGR of 37.8% from 2021 to 2030.
The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030.
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Instead of the liquid or polymer electrolytes found in traditional lithium-ion or lithium polymer batteries, solid state batteries use solid electrodes and solid electrolytes. The pacemakers, wearable devices, and radio frequency identification all use solid state batteries. Solid state batteries are becoming more widely used in the healthcare, drones, and wearables sectors, which is fueling their growth.
Over the forecast period, rising demand for solid state batteries among end use industries, as well as increased research and development activities aimed at commercializing battery costs, are likely to drive the solid state battery market expansion. The expanding usage of electronic gadgets, the increasing utility of battery energy storage systems, and the rising deployment of electric automobiles are all propelling the sector growth. When compared to traditional batteries, these batteries have a higher energy density, lower flammability, and greater electrochemical stability, increasing their commercial market potential.
Report Highlights
- Based on the type, the thin film battery segment dominated the global solid state battery market in 2020 with highest market share. This is because solid state and thin film battery technologies are increasingly being employed in purchasing wearable devices, smart cards, and wireless communications.
- Based on the capacity, the below 20mAh segment dominated the global solid state battery market in 2020 with highest market share. The reason for this is that it’s becoming more common in internet of things gadgets and accessories. These batteries are compact and may be recharged quickly and conveniently.
- North America is the largest segment for solid state battery market in terms of region.Due to the continued strategic deployment of electric vehicles across these nations, as well as the growing demand for portable electronic gadgets, the regional market is predicted to rise.
- Asia-Pacific region is the fastest growing region in the solid state battery market. Due to rising demand for solid state battery is important nations, Asia-Pacific is the most prominent region for the growth of the solid state battery market.
Market Dynamics
Drivers
Growing adoption of various strategies by market players
In response to rising demand for solid state batteries, a number of companies around the world are investing in battery manufacturing companies as part of their growth strategies. The research and development of solid state batteries, as well as their production, is aided by such corporate funding. Automobile manufacturers are increasingly investing in and collaborating with solid state battery manufacturers. As a result, the growing adoption of various strategies by market players is driving the growth of the global solid state battery market during the forecast period.
Restraints
High cost of manufacturing
In general, solid state batteries are more costly than traditional batteries. The production of these batteries necessitates the use of sophisticated machinery. The fabrication costs for the cells utilized in these batteries are similarly significant. When choosing these batteries, the cost of the materials used in their development is a significant factor to consider. The high efficiency electrodes at cheap costs are difficult to come by for battery makers. As a result, the high costs of materials utilized in the production of solid state batteries raise the total cost of the batteries. Thus, the high cost of manufacturing of the solid state batteries is the restricting factor for the growth of the solid state battery market.
Opportunities
Increasedresearch and development activities
Solid state batteries provide customers with a number of benefits that traditional batteries do not. They can run for extended periods of time because they are more electrochemically stable. When they do operate, they also produce more energy and are less likely to catch fire. Many market players are realizing that if they advertise and develop the appropriate products, there is a lot of money to be made. That’s why they are putting so much effort into developing the optimal solid state battery. Thus, increasedresearch and development activities are creating lucrative opportunities for the market growth.
Challenges
High cost of solid state battery
The development of solid state batteries necessitates large investments in research and development as well as production facilities. it necessitates the use of complex gear as well as the use of cutting edge technology for the production of solid state batteries. As the technology used to generate solid state batteries differ from those used to develop traditional batteries, manufacturers line setups. Furthermore, the machinery and technologies employed in the production of solid state batteries are expensive and so necessitate large investments. This functions as a barrier to entry, particularly for new arrivals to the solid state battery market. Thus, the high cost of solid state battery is a major challenge for the growth of the solid state battery market.
Competitive Intelligence
The report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation and so on.
Some of the prominent players in the global solid state battery market are listed as below:
- BrightVolt Inc.
- Cymbet Corporation
- Solid Power Inc.
- Toyota Motor Corporation
- Excellatron Solid State LLC
- Robert Bosch GmbH
- Altair Nanotechnologies
- Quantumscape Corporation
- Apple Inc.
- Dyson Ltd.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Solid State Battery Market
5.1. COVID-19 Landscape: Solid State Battery Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Solid State Battery Market, By Type
8.1. Solid State Battery Market, by Type, 2021-2030
8.1.1. Thin Film Battery
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Portable Battery
8.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Solid State Battery Market, By Application
9.1. Solid State Battery Market, by Application, 2021-2030
9.1.1. Consumer & Portable Electronics
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Electric Vehicles
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Energy Harvesting
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Wearable & Medical Devices
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Solid State Battery Market, By Capacity
10.1. Solid State Battery Market, by Capacity, 2021-2030
10.1.1. Below 20mAh
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. 20mAh-500mAh
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Above 500mAh
10.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Solid State Battery Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Type (2019-2030)
11.1.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Type (2019-2030)
11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.4.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Type (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.5.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Type (2019-2030)
11.2.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Type (2019-2030)
11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.4.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Type (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.5.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Type (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.6.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Type (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.7.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Type (2019-2030)
11.3.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Type (2019-2030)
11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.4.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Type (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.5.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Type (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.6.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Type (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.7.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Type (2019-2030)
11.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Type (2019-2030)
11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.4.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Type (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.5.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Type (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.6.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Type (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.7.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Type (2019-2030)
11.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Type (2019-2030)
11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.4.3. Market Revenue and Forecast, by Capacity (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Type (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.5.3. Market Revenue and Forecast, by Capacity (2019-2030)
Chapter 12. Company Profiles
12.1. BrightVolt Inc.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Cymbet Corporation
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Solid Power Inc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Toyota Motor Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Excellatron Solid State LLC
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Robert Bosch GmbH
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Altair Nanotechnologies
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Quantumscape Corporation
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Apple Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Dyson Ltd.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Segments Covered in the Report
By Type
- Thin Film Battery
- Portable Battery
By Capacity
- Below 20mAh
- 20mAh-500mAh
- Above 500mAh
By Application
- Consumer & Portable Electronics
- Electric Vehicles
- Energy Harvesting
- Wearable & Medical Devices
- Others
Regional Segmentation
– North America (U.S. and Canada)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
– Latin America (Brazil and Rest of Latin America)
– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Why should you invest in this report?
If you are aiming to enter the global solid state battery market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for solid state battery are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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