Solid-State Car Battery Market Forecasts to 2028 – Global Analysis By Component (Anode, Cathode, Electrolyte), Type (Multi-Cell Battery, Single-Cell Battery), Vehicle Type (Commercial Vehicle, Passenger Car), and By Geography
According to Stratistics MRC, the Global Solid-State Car Battery Market is accounted for $1,171.22 units in 2020 and is expected to reach $178,154.59 units by 2028 growing at a CAGR of 87.4% during the forecast period. Some of the key factors propelling the market growth include growing trend toward the miniaturization of consumer electronics, higher energy density and better safety features, rising concern for larger distance commuting using EV's, and increasing R&D activities by major companies. However, higher cost compared to conventional EV batteries is likely to hamper the market growth.
Solid-state car battery employs solid electrolytes and solid electrodes, rather than using the polymer or liquid electrolytes that are found in lithium polymer or lithium-ion batteries. These batteries have a higher energy density, lower flammability, and higher electrochemical stability which is increasing their commercial market value. This technology is considered to be an alternative to the Li-ion battery technology. These batteries find their usage in radio-frequency identification (RFID), pacemakers, and wearable devices.
By propulsion, battery electric vehicle (BEV) segment is expected to grow at the significant rate during the forecast period, due to the presence of top OEMs and its high demand for finest BEVs with higher features such as faster charging, larger battery capacity, and better safety features.
On the basis of geography, Asia Pacific region is anticipated to have considerable market growth during the forecast period, owing to the current and upcoming EV policies, sturdy government support for the espousal of electric passenger vehicles in the region, discouraging the use of petrol, and top OEMs such as Toyota, Nissan, and Mitsubishi.
Some of the key players in Solid-State Car Battery Market include Renault Group, Quantumscape, Volkswagen Ag, Kia Motors, Toyota Motor Corporation, Mitsubishi Motors, Panasonic, Hyundai Group, LG Chem, Robert Bosch, Northvolt, General Motors, Samsung SDI, Ford Motor Company, Brightvolt, Prieto Battery, Ioniq Materials, and Stellantis N.V.
• Plug-In Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle (BEV)
• Above 500 mAh
• Between 20 mAh and 500 mAh
• Below 20 mAh
• Multi-Cell Battery
• Single-Cell Battery
Vehicle Types Covered:
• Commercial Vehicle
• Passenger Car
• Secondary Battery
• Primary Battery
Battery Energy Densities Covered:
• >450 Wh/Kg
• <450 Wh/Kg
• Electric Vehicles
• Medical Devices
• Wireless Sensor
• Consumer Electronics
• Energy Harvesting
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Select License Type
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.