All updated as on -
During the projection period of 2023–2030, the solid-state battery market is expected to expand at a CAGR of 29.01%, with an industry share worth USD 863.18 million.
Electric vehicles use these batteries. Both the market and the demand for electric vehicles are expanding quickly. The International Energy Agency claims that the market for electric motors is actually growing quickly.
The solid-state battery market experienced some pre-pandemic and post-pandemic decline. COVID-19 proved to be more than just a bothersome infection. It was exceedingly hazardous and seriously illened many people. Even a few deaths were brought on by the infection. Governments quickly realised that this virus could not be dismissed. They implemented lockdowns and quarantines as a response. They were transient in nature since they had little impact. During the lockdowns and quarantines, people were less movable. As a result, they were not using their cars as frequently. The demand for solid-state batteries decreased. As a result, some businesses were compelled to reduce their output or temporarily close.
The market for solid-state batteries is still rather cutthroat. The fact that there are too many businesses in this sector is one of the causes of this. The industry's enormous potential for generating income and profits is what draws businesses to it. In any case, businesses discover that they need to spend a lot of money on R&D to thrive. Of course, they always have the option of merging with, purchasing, or forming strategic alliances with other prosperous businesses. A notable illustration of a business that has maintained its competitiveness despite the COVID-19 pandemic is BrightVolt Inc. It has made sure that it can create and market superior items that the competition may not always be able to create and market by extensively investing in research and development.
Since more people are starting to ignore the pandemic and become mobile, the growth rate of the solid-state battery industry is increasing. This indicates that they are travelling by car more frequently. As a result, more consumers and businesses are choosing to purchase electronic cars and other vehicles. In 2018, there were roughly 5.1 million electric vehicles on the road worldwide. About 2 million more cars were sold in 2018 compared to 2017. Electric vehicle sales climbed by 200 percent between 2017 and 2018. Another tendency is probably going to fuel market expansion on a global scale. This is a result of the FitBit's and other smart wearables' rising popularity. Thin-film solid batteries are increasingly being sold in this situation.
Users of solid-state batteries benefit from various advantages that are not available with conventional batteries. The first is that they have greater electrochemical stability, which allows them to run for longer. When they do operate, they also produce more energy and don't burn readily. Many businesses are realising that if they promote and create the proper items, there is a lot of money to be made in the market. For this reason, they are spending a lot of money on research and development to create the optimal solid-state battery.
The solid-state battery market's CAGR is 28.01%. Market value is anticipated to be USD 411.48 million. Although the Asia-Pacific region has the highest CAGR, the North American region has the highest market share. You can analyse the market's projected growth trends with the use of the insights provided in this study.
Report Coverage
Global Solid-State Battery research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Solid-State Battery report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Solid-State Battery competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Solid-State Battery market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Solid-State Battery market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Solid-State Battery market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cymbet Corporation (US), STMicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), Toyota Motor Corporation (Japan), Brightvolt Inc. (US), Excellatron Solid State, LLC (US), Apple Inc. (US), Planar Energy Devices, Inc. (US), Solid Power, Inc. (US), Altairnano (US), Quantumscape Corporation (US), and Infinite Power Solution, Inc. (US).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Solid-State Battery market based on the below-mentioned segments:
Global Solid-State Battery Market, By Type
Portable battery
Thin-film battery
Others
Global Solid-State Battery market, By Application
Electric vehicles
Electronics
Medical devices
Wearable technologies
Smart cards
Others
Global Solid-State Battery Market, By Capacity
20mAH
20-300 mAH
301-500 mAH
Above 500 mAH
Global Solid-State Battery market, Regional Analysis
Electric vehicles use these batteries. Both the market and the demand for electric vehicles are expanding quickly. The International Energy Agency claims that the market for electric motors is actually growing quickly.
The solid-state battery market experienced some pre-pandemic and post-pandemic decline. COVID-19 proved to be more than just a bothersome infection. It was exceedingly hazardous and seriously illened many people. Even a few deaths were brought on by the infection. Governments quickly realised that this virus could not be dismissed. They implemented lockdowns and quarantines as a response. They were transient in nature since they had little impact. During the lockdowns and quarantines, people were less movable. As a result, they were not using their cars as frequently. The demand for solid-state batteries decreased. As a result, some businesses were compelled to reduce their output or temporarily close.
The market for solid-state batteries is still rather cutthroat. The fact that there are too many businesses in this sector is one of the causes of this. The industry's enormous potential for generating income and profits is what draws businesses to it. In any case, businesses discover that they need to spend a lot of money on R&D to thrive. Of course, they always have the option of merging with, purchasing, or forming strategic alliances with other prosperous businesses. A notable illustration of a business that has maintained its competitiveness despite the COVID-19 pandemic is BrightVolt Inc. It has made sure that it can create and market superior items that the competition may not always be able to create and market by extensively investing in research and development.
Since more people are starting to ignore the pandemic and become mobile, the growth rate of the solid-state battery industry is increasing. This indicates that they are travelling by car more frequently. As a result, more consumers and businesses are choosing to purchase electronic cars and other vehicles. In 2018, there were roughly 5.1 million electric vehicles on the road worldwide. About 2 million more cars were sold in 2018 compared to 2017. Electric vehicle sales climbed by 200 percent between 2017 and 2018. Another tendency is probably going to fuel market expansion on a global scale. This is a result of the FitBit's and other smart wearables' rising popularity. Thin-film solid batteries are increasingly being sold in this situation.
Users of solid-state batteries benefit from various advantages that are not available with conventional batteries. The first is that they have greater electrochemical stability, which allows them to run for longer. When they do operate, they also produce more energy and don't burn readily. Many businesses are realising that if they promote and create the proper items, there is a lot of money to be made in the market. For this reason, they are spending a lot of money on research and development to create the optimal solid-state battery.
The solid-state battery market's CAGR is 28.01%. Market value is anticipated to be USD 411.48 million. Although the Asia-Pacific region has the highest CAGR, the North American region has the highest market share. You can analyse the market's projected growth trends with the use of the insights provided in this study.
Report Coverage
Global Solid-State Battery research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Solid-State Battery report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Solid-State Battery competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Solid-State Battery market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Cymbet Corporation (US), STMicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), Toyota Motor Corporation (Japan), Brightvolt Inc. (US), Excellatron Solid State, LLC (US), Apple Inc. (US), Planar Energy Devices, Inc. (US), Solid Power, Inc. (US), Altairnano (US), Quantumscape Corporation (US), and Infinite Power Solution, Inc. (US). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Solid-State Battery Market from 2021 to 2030.
- Market Forecast for Solid-State Battery Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Solid-State Battery competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Solid-State Battery
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Solid-State Battery market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Solid-State Battery market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cymbet Corporation (US), STMicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), Toyota Motor Corporation (Japan), Brightvolt Inc. (US), Excellatron Solid State, LLC (US), Apple Inc. (US), Planar Energy Devices, Inc. (US), Solid Power, Inc. (US), Altairnano (US), Quantumscape Corporation (US), and Infinite Power Solution, Inc. (US).
Primary Target Market
- Market Players of Solid-State Battery
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Solid-State Battery market based on the below-mentioned segments:
Global Solid-State Battery Market, By Type
Portable battery
Thin-film battery
Others
Global Solid-State Battery market, By Application
Electric vehicles
Electronics
Medical devices
Wearable technologies
Smart cards
Others
Global Solid-State Battery Market, By Capacity
20mAH
20-300 mAH
301-500 mAH
Above 500 mAH
Global Solid-State Battery market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive solid state battery market market research and competitor analysis for your business to help you develop more profound insights into the solid state battery market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the solid state battery market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.