Solid State Battery Market Size, Share, Trends, Industry Analysis Report By Battery Type (Thin Film Battery, Portable Battery), By Capacity, By Application, By Region

Description

List of Tables

The solid state battery market size is expected to reach USD 95.79 billion by 2034, according to a new study by Polaris Market Research. The report "Solid State Battery Market Share, Size, Trends, Industry Analysis Report By Battery Type (Thin Film Battery, Portable Battery), By Capacity, By Application, By Region; Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Solid-state batteries are next-generation energy storage solutions that utilize solid electrolytes to enhance safety, energy density, and lifecycle performance compared to traditional lithium-ion batteries. The R&D efforts focused on developing advanced solid electrolytes and compatible electrode materials grow as the market evolves. This innovation-driven approach enables improved thermal stability, faster ion conductivity, and the potential integration of lithium-metal anodes, collectively elevating battery performance across critical parameters such as energy density, charge cycles, and safety standards.

The solid-state battery landscape is further shaped by the strategic shift toward commercialization through collaborative partnerships among battery developers, material suppliers, and end-use industries. These alliances are boosting pilot-scale production, accelerating technology validation, and streamlining the path to mass manufacturing. Therefore, as companies align their resources to overcome technical and cost barriers, solid-state batteries are increasingly transitioning from laboratory innovation to real-world application, marking a major phase in their market readiness and long-term adoption.

Solid State Battery Market Report Highlights

In terms of battery type, the thin film batteries segment captured 89.8% of revenue share in 2024, as their ultra-slim design is ideal for micro-energy applications in medical devices, wearables, and smart electronics.

Based on capacity, the below 20mAh segment is expected to register a CAGR of 62.7%, fueled by rising demand from IoT sensors, wireless sensors, and miniaturized electronics requiring compact power solutions.

In 2024, Asia Pacific held a 54% global market share, benefiting from strong supply chain integration, government support, and rapid commercialization of solid-state battery technologies.

The solid state battery market in North America is expected to register a CAGR of 55.6% during the forecast period, propelled by reshoring efforts, defense investments, and next-gen battery R&D in the U.S. and Canada.

A few global key players in the solid state battery market include Altairnano; Beijing Weilan New Energy Technology Co., Ltd.; BrightVolt Solid State Batteries; Cymbet; Hitachi Zosen Corporation; Ilika Ltd.; Ion Storage Systems; ITEN; Johnson Energy Storage, Inc.; Prieto Battery Inc; QuantumScape Corporation; Samsung SDI Co., Ltd.; Solid Power; STMicroelectronics; and Toyota.

Polaris Market Research has segmented the solid state battery market report on the basis of battery type, capacity, application, and region:

By Battery Type Outlook (Revenue, USD Billion, 2020-2034)

Thin Film Battery

Portable Battery

By Capacity Outlook (Revenue, USD Billion, 2020-2034)

Below 20mAh

20mAh-500mAh

Above 500mAh

By Application Outlook (Revenue, USD Billion, 2020-2034)

Consumer & Portable Electronics

Electric Vehicles

Energy Harvesting

Wearable & Medical Devices

Others

By Regional Outlook (Revenue, USD Billion, 2020-2034)

North America

U.S.

Canada

Europe

Germany

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Vietnam

Australia

Rest of Asia Pacific

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of Middle East & Africa

Product Code: PM6041

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Solid State Battery Market Insights

4.1. Solid State Battery Market - Market Snapshot
4.2. Solid State Battery Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Rapid Expansion of Electric Vehicle (EV)
  - 4.2.1.2. Rising Renewable Energy Generation
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High Production Costs and Scalability Challenges
- 4.2.3. Public opinion and privacy legal precedents
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Solid State Battery Market Trends
4.6. Value Chain Analysis

5. Global Solid State Battery Market, By Battery Type

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
5.3. Thin Film Battery
- 5.3.1. Global Solid State Battery Market, by Thin Film Battery, by Region, 2020-2034 (USD Billion)
5.4. Portable Battery
- 5.4.1. Global Solid State Battery Market, by Portable Battery, by Region, 2020-2034 (USD Billion)

6. Global Solid State Battery Market, by Capacity

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
6.3. Below 20mAh
- 6.3.1. Global Solid State Battery Market, by Below 20mAh, by Region, 2020-2034 (USD Billion)
6.4. 20mAh-500mAh
- 6.4.1. Global Solid State Battery Market, by 20mAh-500mAh, by Region, 2020-2034 (USD Billion)
6.5. Above 500mAh
- 6.5.1. Global Solid State Battery Market, by Above 500mAh, by Region, 2020-2034 (USD Billion)

7. Global Solid State Battery Market, by Application

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Solid State Battery Market, by Application, 2020-2034 (USD Billion)
7.3. Consumer & Portable Electronics
- 7.3.1. Global Solid State Battery Market, by Consumer & Portable Electronics, by Region, 2020-2034 (USD Billion)
7.4. Electric Vehicles
- 7.4.1. Global Solid State Battery Market, by Electric Vehicles, by Region, 2020-2034 (USD Billion)
7.5. Energy Harvesting
- 7.5.1. Global Solid State Battery Market, by Energy Harvesting, by Region, 2020-2034 (USD Billion)
7.6. Wearable & Medical Devices
- 7.6.1. Global Solid State Battery Market, by Wearable & Medical Devices, by Region, 2020-2034 (USD Billion)
7.7. Others
- 7.7.1. Global Solid State Battery Market, by Others, by Region, 2020-2034 (USD Billion)

8. Global Solid State Battery Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Solid State Battery Market Assessment, By Geography, 2020-2034 (USD Billion)
8.3. Solid State Battery Market - North America
- 8.3.1. North America: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
- 8.3.2. North America: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
- 8.3.3. North America: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.3.4. Solid State Battery Market - US
  - 8.3.4.1. US: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.3.4.2. US: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.3.4.3. US: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.3.5. Solid State Battery Market - Canada
  - 8.3.5.1. Canada: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.3.5.2. Canada: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.3.5.3. Canada: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
8.4. Solid State Battery Market - Europe
- 8.4.1. Europe: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
- 8.4.2. Europe: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
- 8.4.3. Europe: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.4.4. Solid State Battery Market - UK
  - 8.4.4.1. UK: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.4.4.2. UK: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.4.4.3. UK: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.4.5. Solid State Battery Market - France
  - 8.4.5.1. France: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.4.5.2. France: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.4.5.3. France: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.4.6. Solid State Battery Market - Germany
  - 8.4.6.1. Germany: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.4.6.2. Germany: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.4.6.3. Germany: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.4.7. Solid State Battery Market - Italy
  - 8.4.7.1. Italy: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.4.7.2. Italy: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.4.7.3. Italy: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.4.8. Solid State Battery Market - Spain
  - 8.4.8.1. Spain: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.4.8.2. Spain: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.4.8.3. Spain: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.4.9. Solid State Battery Market - Netherlands
  - 8.4.9.1. Netherlands: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.4.9.2. Netherlands: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.4.9.3. Netherlands: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.4.10. Solid State Battery Market - Russia
  - 8.4.10.1. Russia: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.4.10.2. Russia: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.4.10.3. Russia: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.4.11. Solid State Battery Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.4.11.2. Rest of Europe: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.4.11.3. Rest of Europe: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
8.5. Solid State Battery Market - Asia Pacific
- 8.5.1. Asia Pacific: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
- 8.5.2. Asia Pacific: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
- 8.5.3. Asia Pacific: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.5.4. Solid State Battery Market - China
  - 8.5.4.1. China: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.5.4.2. China: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.5.4.3. China: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.5.5. Solid State Battery Market - India
  - 8.5.5.1. India: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.5.5.2. India: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.5.5.3. India: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.5.6. Solid State Battery Market - Malaysia
  - 8.5.6.1. Malaysia: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.5.6.2. Malaysia: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.5.6.3. Malaysia: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.5.7. Solid State Battery Market - Japan
  - 8.5.7.1. Japan: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.5.7.2. Japan: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.5.7.3. Japan: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.5.8. Solid State Battery Market - Indonesia
  - 8.5.8.1. Indonesia: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.5.8.2. Indonesia: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.5.8.3. Indonesia: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.5.9. Solid State Battery Market - South Korea
  - 8.5.9.1. South Korea: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.5.9.2. South Korea: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.5.9.3. South Korea: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.5.10. Solid State Battery Market - Australia
  - 8.5.10.1. Australia: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.5.10.2. Australia: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.5.10.3. Australia: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.5.11. Solid State Battery Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.5.11.2. Rest of Asia Pacific: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.5.11.3. Rest of Asia Pacific: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
8.6. Solid State Battery Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
- 8.6.2. Middle East & Africa: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
- 8.6.3. Middle East & Africa: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.6.4. Solid State Battery Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.6.4.2. Saudi Arabia: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.6.4.3. Saudi Arabia: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.6.5. Solid State Battery Market - UAE
  - 8.6.5.1. UAE: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.6.5.2. UAE: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.6.5.3. UAE: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.6.6. Solid State Battery Market - Israel
  - 8.6.6.1. Israel: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.6.6.2. Israel: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.6.6.3. Israel: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.6.7. Solid State Battery Market - South Africa
  - 8.6.7.1. South Africa: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.6.7.2. South Africa: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.6.7.3. South Africa: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.6.8. Solid State Battery Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.6.8.2. Rest of Middle East & Africa: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.6.8.3. Rest of Middle East & Africa: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
8.7. Solid State Battery Market - Latin America
- 8.7.1. Latin America: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
- 8.7.2. Latin America: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
- 8.7.3. Latin America: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.7.4. Solid State Battery Market - Mexico
  - 8.7.4.1. Mexico: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.7.4.2. Mexico: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.7.4.3. Mexico: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.7.5. Solid State Battery Market - Brazil
  - 8.7.5.1. Brazil: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.7.5.2. Brazil: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.7.5.3. Brazil: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.7.6. Solid State Battery Market - Argentina
  - 8.7.6.1. Argentina: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.7.6.2. Argentina: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.7.6.3. Argentina: Solid State Battery Market, by Application, 2020-2034 (USD Billion)
- 8.7.7. Solid State Battery Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Solid State Battery Market, By Battery Type, 2020-2034 (USD Billion)
  - 8.7.7.2. Rest of Latin America: Solid State Battery Market, by Capacity, 2020-2034 (USD Billion)
  - 8.7.7.3. Rest of Latin America: Solid State Battery Market, by Application, 2020-2034 (USD Billion)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. Altairnano
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Beijing Weilan New Energy Technology Co., Ltd.
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. BrightVolt Solid State Batteries
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. Cymbet
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. Hitachi Zosen Corporation
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. Ilika Ltd.
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Ion Storage Systems
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. ITEN
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. Johnson Energy Storage, Inc.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. Prieto Battery Inc
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
10.11. QuantumScape Corporation
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
10.12. Samsung SDI Co., Ltd.
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
10.13. Solid Power
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
10.14. STMicroelectronics
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
10.15. Toyota
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development