PUBLISHER: Allied Market Research | PRODUCT CODE: 1097719
PUBLISHER: Allied Market Research | PRODUCT CODE: 1097719
The global solid-state battery market was valued at $0.5 billion in 2020, and is projected to reach $3.4 billion by 2030, growing at a CAGR of 18.0% from 2021 to 2030.
Solid-state battery is a technology, which utilizes solid electrodes and solid electrolytes as an alternative to liquid or polymer electrolytes found in lithium-ion or lithium-polymer batteries. This technology serves as one of the leading alternatives for conventional lithium-ion battery technology. Solid-state batteries have found their application in radio-frequency identification (RFID), pacemakers, and wearable devices. In addition, smaller and lighter solid-state batteries are expected to be a breakthrough for the electric vehicle industry. Electric cars and wearable technology require improved batteries compared to current lithium-ion battery technology, due to the fact that lithium-ion batteries are sensitive to high temperature and have safety concerns related to exploding when overcharged and discharged.
Increase in application of solid-state batteries in healthcare, wearable, and drone's sectors is drives the growth of the global solid-state batteries market. In addition, surge in need for solid-state batteries in electric vehicles plays an important role in driving the growth of the market. However, complex manufacturing process and high cost of solid-state batteries restrain the market growth during the forecast period. Conversely, technological advancements in manufacturing of solid-state batteries along with increase in demand for electric vehicles is expected to create potential growth opportunity for key players operating in this market.
The global solid state battery market is segmented on the basis of type, capacity, application, and region. On the basis of type, it is divided into thin film and portable battery. By capacity, it is categorized into less than 20 mAh, between 20 mAh & 500 mAh, and 500 mAh & above capacity batteries. Depending on application, it is fragmented into consumer & portable electronics, electric vehicle, energy harvesting, entertainment, wearable & medical devices, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Application
By Type
By Capacity
By Region