PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1740201
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1740201
Structural Battery Market is estimated to be valued at USD 243.1 Mn in 2025 and is expected to reach USD 923.2 Mn by 2032, growing at a compound annual growth rate (CAGR) of 21% from 2025 to 2032.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2024 | Market Size in 2025: | USD 243.1 Mn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 21.00% | 2032 Value Projection: | USD 923.2 Mn |
Structural batteries, also known as multifunctional batteries, integrate energy storage capability directly into the structure of a product, thereby reducing overall weight and improving energy efficiency. These batteries are gaining traction in sectors such as aerospace, automotive, and consumer electronics due to their potential to revolutionize design and performance by combining load-bearing functionality with energy storage. Increasing emphasis on lightweight materials and energy-efficient technologies is expected to drive the market growth over the forecast period.
The primary drivers fueling the growth of the global structural battery market include the rising demand for electric vehicles (EVs), advancements in aerospace engineering, and growing need for energy-efficient and lightweight materials. Furthermore, increasing investments in next-generation battery technologies and the push for sustainable product design are contributing to the market expansion. However, technical challenges related to material compatibility, limited energy density, and high production costs may restrain widespread adoption. Nonetheless, ongoing R&D efforts, along with collaborations between academic institutions and key industry players, are expected to unlock new opportunities for innovation and commercialization in the structural battery space.
This report provides an in-depth analysis of the global structural battery market, and provides market size (USD Million) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global structural battery market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Tesla, Inc. (U.S.), BMW AG (Germany), Airbus SE (France), Samsung SDI Co., Ltd. (South Korea), Saft Groupe S.A. (France), Cadenza Innovation, Inc. (U.S.), Excellatron Solid State (U.S.), General Motors (U.S.), BYD (China), LG Chem (South Korea), CATL (China), Volkswagen AG (Germany), Northvolt AB (Sweden), Farasis Energy, Inc. (China), Solid Power, Inc. (U.S.), Blue Solutions SA (France), Oxis Energy Ltd. (UK), and Amprius, Inc. (U.S.)
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global structural battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global structural battery market.