Solid State Battery Market

Solid State Battery Market Analysis by Thin Batteries and Portable Batteries for Electric Vehicles and Energy Harvesting from 2023 to 2033

Analysis of Solid State Battery Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Solid State Battery Market Growth Outlook (2023 to 2033)

The global solid-state battery market is estimated to be valued at US$ 121.0 million in 2023 and to grow at a CAGR of 28.6% to reach a valuation of US$ 1,497.1 million by the end of 2033.

Compared to conventional Li-ion batteries with liquid electrolytes, solid-state batteries are more reliable, secure, and possess greater energy densities. They are used in various applications, including electric vehicles, energy harvesting, consumer electronics, medical devices, wireless communication, and others.

Report Attributes

Details

Solid State Battery Market Size (2022A)

US$ 94.1 Million

Estimated Market Value (2023E)

US$ 121.0 Million

Forecasted Market Value (2033F)

US$ 1,497.1 Million

Global Market Growth Rate (2023-2033)

28.6% CAGR

East Asia Market Share (2033)

33.6%

Latin America Market Growth Rate (2023–2033)

21.0% CAGR

Key Companies Profiled

  • Cymbet
  • Robert Bosch GmbH
  • Saft
  • Toyota Motor Corporation
  • Solid Power
  • Excellatron Solid State
  • BrightVolt
  • Samsung SDI Co. Ltd.
  • QuantumScape
  • Solid Energy System

Solid State Battery Market Buoyancy Analysis

Growing demand for solid-state batteries from end-use verticals and rising research and development efforts aimed at lowering battery costs are anticipated to accelerate solid-state battery market growth during the assessment period. Further, the prominent factors exploiting the solid-state battery demand are the rising use of electronic devices, the growing utilization of battery energy storage systems, and the surging electric vehicles industry.

  • Short Term (2023–2026): Consumer preference for solid-state batteries over traditional ones is likely to supplement the market growth.
  • Medium Term (2026–2029): Solid-state battery is witnessing high demand due to the growing automotive industry, especially electric vehicles.
  • Long Term (2029–2033): Efforts led by market players are set to create ample growth opportunities for market growth. For instance, noble product development coupled with a pricing strategy is likely to drive the market in a long run.

According to the Fact.MR analysis, the historic growth rate for the solid state battery market was 22.3% and is estimated to grow at a CAGR of 28.6% during the forecast period from 2023–2033, According to the Fact.MR, a market research and competitive intelligence provider.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Market Dynamics Overview

“Growing Miniaturization of Devices to Supplement Solid State Battery Market”

With the advancing technology and shrinking world, the demand for small and lightweight gadgets that are easy to carry is increasing. Further, work-from-home policies, work during travel, and digitalization leads to the growing miniaturization of devices for better work efficiency.

The miniaturization of gadgets is restrained by battery size, due to which the demand for solid-state batteries increased. Solid-state batteries are thin and flexible and hence, easy to be fitted in any small or miniature electronic device.

“Factors Affecting Solid State Battery Market Growth”

The methods and manufacturing processes used to produce solid-state batteries are complicated. For the highly precise deposition of materials during the development of these batteries, appropriate manufacturing tools are required. Electrodes separated by solid electrolytes are sequentially arranged to create solid-state batteries.

These solid electrolytes must be both non-porous and able to stop the growth of dendrites between electrodes. In solid-state batteries, a space between the electrolytes can result in short circuits, making batteries electrochemically useless.

Additionally, using solid electrolytes is crucial because they allow ions to flow; electrolytes with low conductivity may take longer to charge and have fast discharge, which reduces power output.

To examine the complexity of the manufacturing process for solid-state batteries, manufacturers must continuously focus on research and development activities related to these batteries.

Country-wise Insights

What are the Factors Driving Solid State Battery Demand Across the Turkiye?

The growing electric vehicle market across Turkiye is likely to pave the way for the growth of the solid-state battery market across Turkiye. As driving has become more expensive due to rising gas prices, more Turkish drivers are switching to electric cars.

  • Turkiye's gasoline costs nearly doubled over the past few years, forcing car owners to devote a larger portion of their income to commuting. For instance, the average monthly cost of gasoline for a car that drives 500 kilometers on city streets is around US$ 247.0, while an electric car owner must pay US$ 40.2 to cover the cost of the vehicle's energy.
  • Hence, owing to this the demand sales for electricity amplified. For reference, a total of 6,124 electric vehicles were sold in Turkiye from January to November 2022, a 157% increase from the same period in 2021.

Hence, the flourishing electric vehicle market across Turkiye creates a high demand for solid-state batteries as they are lightweight and small. Solid-state batteries are also reliable and durable in nature.

Why is the China Solid State Battery Market Expected to Be Highly Lucrative?

Due to its improved innovation and brand-building capabilities, China leads the world in both consumer electronics production and sales.

The major consumer electronics producers in the world continue to establish manufacturing bases and research and development centers in China, which continues to be a significant global manufacturing hub for consumer electronics. Hence, the growing consumer electronics industry in China creates immense growth opportunities for the solid-state battery market as solid-state batteries are used in laptops, medical devices, smart watches, mobiles, and smart kitchen appliances.

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Category-wise Insights

Why Thin Film Batteries are Growing?

Thin film batteries are gaining traction, due to their effective recharging rate and compact design, thin film batteries are primarily used in wearable devices and IoT, such as smart clothing, fitness bands, and smartwatches.

Thin-film batteries have a minimal environmental impact as compared to conventional batteries, which is anticipated to boost solid-state battery market growth during the forecast period.

Further, the adoption of thin films in portable devices due to their higher energy densities and low maintenance requirements is likely to witness immense growth opportunities during the forecast period due to the growing consumer electronics demand.

Further, the use of sodium sulfur batteries in consumer electronics and wearable technology is the subject of extensive research. These days, consumer electronics and portable devices use solid-state batteries.

Even though the use of these batteries in electronics is still in its infancy, they are found in everything from calculators to vacuum cleaners to digital cameras to calculators, torches, laptops, computers, tablets, and torches or flashlights. Owing to the aforementioned factors, thin film batteries are going to witness high demand in long term.

Why Capacity Below 20mAh is Gaining Traction?

Solid-state batteries of capacity below 20mAh are used in small devices, including wireless sensors and medical patches. The surge in demand for wireless sensors in various gadgets has led to raised demand for solid-state batteries in this application. Besides, the growing healthcare industry and rising consumer expenditure on niche medical equipment and therapies have led to a surge in the demand for solid-state batteries.

Eminent Player’s Key Stratagems

Eminent market players are adopting various ground-breaking strategies to remain competitive in the global market and curb the demand pool to gain high-profit margins. With the new product development and surging investment in research and development, the battle for product patents also increased.

For instance, the patent count is increasing and with more than 231 patents, Japan leads the race. Followers after Japan include the U.S., South Korea, China, Germany, France, the U.K., Finland, Spain, and Switzerland with around 159, 148, 112, 56, 24, 23, 23, 23, and 23 patents, respectively.

Manufacturers are also focusing on establishing trade relations with end-use industries to survive during unfavorable trade situations.

  • In July 2021, Hyundai Motor Co. invested US$ 100 million in Solid Energy System, a U.S.-based solid-state battery start-up.
  • In May 2021, Volkswagen increased its investment in QuantumScape, a U.S.-based start-up to produce a solid-state battery. Volkswagen mentioned that in this joint venture, it aims to start a production line of solid-state batteries by 2024.
  • U.S. automaker Ford Motor showed interest in investment in a solid-state battery starting Solid Power. This venture will also be joined by BMW, wherein Solid Power will be a focal point for both automakers in providing large format cells for vehicle testing.
  • Japan’s Toyota Motor has been the frontrunner in producing the commercially viable solid-state battery. The company has filed several patents for solid-state batteries since 2014. In May 2021, the company has announced that it is set to sell 8 million electrified vehicles in 2030.

Fact.MR has provided detailed information about the price points of key manufacturers of solid-state battery positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Segmentation of Solid-State Battery Industry Research

  • By Battery Type:

    • Thin Film
    • Portable
  • By Capacity:

    • Below 20mAh
    • 20mAh-500mAh
    • Above 500mAh
  • By Application:

    • Consumer & Portable Electronics
    • Electric Vehicles
    • Energy Harvesting
    • Wearable & Medical Devices
    • Others
  • By Region:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

Table of Content

1. Market - Executive Summary

2. Market Overview

    2.1. Market Definition and Introduction

    2.2. Market Taxonomy/ Research Scope

3. Market Background and Foundation Data

    3.1. Global Market Analysis

    3.2. Analysis of Types of Batteries

    3.3. Apparent Production & Consumption Analysis

        3.3.1. Production Capacity (Units)

            3.3.1.1. By Key Regions

            3.3.1.2. By Key Companies

        3.3.2. Consumption Statistics

        3.3.3. Apparent Trade Analysis

    3.4. Market Opportunity Assessment

        3.4.1. Total Available Market (US$ million)

        3.4.2. Serviceable Addressable Market (US$ million)

        3.4.3. Serviceable Obtainable Market (US$ million)

    3.5. Market Dynamics

        3.5.1. Drivers

        3.5.2. Restraints

        3.5.3. Opportunities

        3.5.4. Trends

    3.6. Forecast and Factors – Relevance and Impact

    3.7. PESTLE Analysis

    3.8. Porter’s Five Force Analysis

    3.9. Investment Feasibility Analysis

    3.10. Industry Value and Supply Chain Analysis

        3.10.1. Value Added at Each Node of Supply Chain

        3.10.2. Gross Profitability Margins (at Every Level)

        3.10.3. List of Key Participants

            3.10.3.1. Key Raw Material Suppliers

            3.10.3.2. Key Manufacturers

            3.10.3.3. Key Distributor/Retailers

            3.10.3.4. Key End Users

4. Global Demand (Units) Analysis and Forecast

    4.1. Historical Market Volume (Units) Analysis, 2018-2022

    4.2. Current and Future Market Volume (Units) Projections, 2023-2033

    4.3. Y-o-Y Volume Growth Trend Analysis

5. Global Market - Pricing Analysis

    5.1. Battery Type and Country-Level Pricing Analysis

    5.2. Global Average Pricing Analysis Benchmark

    5.3. Factors Influencing Pricing

6. Global Market Value (US$ million) Analysis and Forecast

    6.1. Historical Market Value (US$ million) Analysis, 2018-2022

    6.2. Current and Future Market Value (US$ million) Projections, 2023-2033

        6.2.1. Y-o-Y Growth Trend Analysis

        6.2.2. Absolute $ Opportunity Analysis

7. Global Market Analysis and Forecast, By Battery Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size (US$ million) and Volume (Units) Analysis By Battery Type, 2018-2022

    7.3. Current and Future Market Size (US$ million) Analysis and Volume (Units) Forecast By Battery Type, 2023-2033

        7.3.1. Thin Film

        7.3.2. Portable

    7.4. Market Attractiveness Analysis By Battery Type

8. Global Market Analysis and Forecast, By Capacity

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ million) and Volume (Units) Analysis By Capacity, 2018-2022

    8.3. Current and Future Market Size (US$ million) Analysis and Volume (Units) Forecast By Capacity, 2023-2033

        8.3.1. Below 20mAh

        8.3.2. 20mAh-500mAh

        8.3.3. Above 500mAh

    8.4. Market Attractiveness Analysis By Capacity

9. Global Market Analysis and Forecast, By Application

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ million) and Volume (Units) Analysis By Application, 2018-2022

    9.3. Current and Future Market Size (US$ million) Analysis and Volume (Units) Forecast By Application, 2023-2033

        9.3.1. Consumer & Portable Electronics

        9.3.2. Electric Vehicles

        9.3.3. Energy Harvesting

        9.3.4. Wearable & Medical Devices

        9.3.5. Others

    9.4. Market Attractiveness Analysis By Application

10. Global Market Analysis and Forecast, By Region

    10.1. Introduction

    10.2. Historical Market Size (US$ million) and Volume (Units) Analysis By Region, 2018-2022

    10.3. Current Market Size (US$ million) Analysis and Volume (Units) Forecast By Region, 2023-2033

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Europe

        10.3.4. East Asia

        10.3.5. South Asia & Oceania

        10.3.6. Middle East & Africa

    10.4. Market Attractiveness Analysis By Region

11. North America Market Analysis and Forecast

    11.1. Introduction / Key Findings

    11.2. Pricing Analysis

    11.3. Historical Market Size (US$ million) and Volume (Units) Trend Analysis By Market Taxonomy, 2018-2022

    11.4. Market Size (US$ million) and Volume (Units) Forecast By Market Taxonomy, 2023-2033

        11.4.1. By Country

            11.4.1.1. U.S.

            11.4.1.2. Canada

        11.4.2. By Battery Type

        11.4.3. By Capacity

        11.4.4. By Application

    11.5. Market Attractiveness Analysis

        11.5.1. By Country

        11.5.2. By Battery Type

        11.5.3. By Capacity

        11.5.4. By Application

12. Latin America Market Analysis and Forecast

    12.1. Introduction / Key Findings

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ million) and Volume (Units) Trend Analysis By Market Taxonomy, 2018-2022

    12.4. Market Size (US$ million) and Volume (Units) Forecast By Market Taxonomy, 2023-2033

        12.4.1. By Country

            12.4.1.1. Brazil

            12.4.1.2. Mexico

            12.4.1.3. Argentina

            12.4.1.4. Rest of Latin America

        12.4.2. By Battery Type

        12.4.3. By Capacity

        12.4.4. By Application

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By Battery Type

        12.5.3. By Capacity

        12.5.4. By Application

13. Europe Market Analysis and Forecast

    13.1. Introduction / Key Findings

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ million) and Volume (Units) Trend Analysis By Market Taxonomy, 2018-2022

    13.4. Market Size (US$ million) and Volume (Units) Forecast By Market Taxonomy, 2023-2033

        13.4.1. By Country

            13.4.1.1. Germany

            13.4.1.2. France

            13.4.1.3. Italy

            13.4.1.4. Spain

            13.4.1.5. U.K.

            13.4.1.6. BENELUX

            13.4.1.7. NORDICs

            13.4.1.8. Rest of Europe

        13.4.2. By Battery Type

        13.4.3. By Capacity

        13.4.4. By Application

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Battery Type

        13.5.3. By Capacity

        13.5.4. By Application

14. East Asia Market Analysis and Forecast

    14.1. Introduction / Key Findings

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ million) and Volume (Units) Trend Analysis By Market Taxonomy, 2018-2022

    14.4. Market Size (US$ million) and Volume (Units) Forecast By Market Taxonomy, 2023-2033

        14.4.1. By Country

            14.4.1.1. China

            14.4.1.2. Japan

            14.4.1.3. South Korea

        14.4.2. By Battery Type

        14.4.3. By Capacity

        14.4.4. By Application

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Battery Type

        14.5.3. By Capacity

        14.5.4. By Application

15. South Asia & Oceania Market Analysis and Forecast

    15.1. Introduction / Key Findings

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ million) and Volume (Units) Trend Analysis By Market Taxonomy, 2018-2022

    15.4. Market Size (US$ million) and Volume (Units) Forecast By Market Taxonomy, 2023-2033

        15.4.1. By Country

            15.4.1.1. India

            15.4.1.2. Thailand

            15.4.1.3. Indonesia

            15.4.1.4. Malaysia

            15.4.1.5. Australia & New Zealand

            15.4.1.6. Rest of South Asia & Oceania

        15.4.2. By Battery Type

        15.4.3. By Capacity

        15.4.4. By Application

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Battery Type

        15.5.3. By Capacity

        15.5.4. By Application

16. Middle East & Africa Market Analysis and Forecast

    16.1. Introduction / Key Findings

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ million) and Volume (Units) Trend Analysis By Market Taxonomy, 2018-2022

    16.4. Market Size (US$ million) and Volume (Units) Forecast By Market Taxonomy, 2023-2033

        16.4.1. By Country

            16.4.1.1. GCC Countries

            16.4.1.2. South Africa

            16.4.1.3. Northern Africa

            16.4.1.4. Turkiye

            16.4.1.5. Rest of Middle East & Africa

        16.4.2. By Battery Type

        16.4.3. By Capacity

        16.4.4. By Application

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Battery Type

        16.5.3. By Capacity

        16.5.4. By Application

17. Country-level Market Analysis and Forecast

    17.1. Introduction / Key Findings

        17.1.1. Market Value Proportion Analysis, By Key Countries

        17.1.2. Global Vs. Country Growth Comparison

    17.2. US Market Analysis

        17.2.1. Value Proportion Analysis By Market Taxonomy

        17.2.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.2.2.1. By Battery Type

            17.2.2.2. By Capacity

            17.2.2.3. By Application

    17.3. Canada Market Analysis

        17.3.1. Value Proportion Analysis By Market Taxonomy

        17.3.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.3.2.1. By Battery Type

            17.3.2.2. By Capacity

            17.3.2.3. By Application

    17.4. Brazil Market Analysis

        17.4.1. Value Proportion Analysis By Market Taxonomy

        17.4.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.4.2.1. By Battery Type

            17.4.2.2. By Capacity

            17.4.2.3. By Application

    17.5. Mexico Market Analysis

        17.5.1. Value Proportion Analysis By Market Taxonomy

        17.5.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.5.2.1. By Battery Type

            17.5.2.2. By Capacity

            17.5.2.3. By Application

    17.6. Argentina Market Analysis

        17.6.1. Value Proportion Analysis By Market Taxonomy

        17.6.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.6.2.1. By Battery Type

            17.6.2.2. By Capacity

            17.6.2.3. By Application

    17.7. Germany Market Analysis

        17.7.1. Value Proportion Analysis By Market Taxonomy

        17.7.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.7.2.1. By Battery Type

            17.7.2.2. By Capacity

            17.7.2.3. By Application

    17.8. France Market Analysis

        17.8.1. Value Proportion Analysis By Market Taxonomy

        17.8.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.8.2.1. By Battery Type

            17.8.2.2. By Capacity

            17.8.2.3. By Application

    17.9. Italy Market Analysis

        17.9.1. Value Proportion Analysis By Market Taxonomy

        17.9.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.9.2.1. By Battery Type

            17.9.2.2. By Capacity

            17.9.2.3. By Application

    17.10. Spain Market Analysis

        17.10.1. Value Proportion Analysis By Market Taxonomy

        17.10.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.10.2.1. By Battery Type

            17.10.2.2. By Capacity

            17.10.2.3. By Application

    17.11. BENELUX Market Analysis

        17.11.1. Value Proportion Analysis By Market Taxonomy

        17.11.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.11.2.1. By Battery Type

            17.11.2.2. By Capacity

            17.11.2.3. By Application

    17.12. NORDICs Market Analysis

        17.12.1. Value Proportion Analysis By Market Taxonomy

        17.12.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.12.2.1. By Battery Type

            17.12.2.2. By Capacity

            17.12.2.3. By Application

    17.13. U.K. Market Analysis

        17.13.1. Value Proportion Analysis By Market Taxonomy

        17.13.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.13.2.1. By Battery Type

            17.13.2.2. By Capacity

            17.13.2.3. By Application

    17.14. China Market Analysis

        17.14.1. Value Proportion Analysis By Market Taxonomy

        17.14.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.14.2.1. By Battery Type

            17.14.2.2. By Capacity

            17.14.2.3. By Application

    17.15. Japan Market Analysis

        17.15.1. Value Proportion Analysis By Market Taxonomy

        17.15.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.15.2.1. By Battery Type

            17.15.2.2. By Capacity

            17.15.2.3. By Application

    17.16. South Korea Market Analysis

        17.16.1. Value Proportion Analysis By Market Taxonomy

        17.16.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.16.2.1. By Battery Type

            17.16.2.2. By Capacity

            17.16.2.3. By Application

    17.17. India Market Analysis

        17.17.1. Value Proportion Analysis By Market Taxonomy

        17.17.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.17.2.1. By Battery Type

            17.17.2.2. By Capacity

            17.17.2.3. By Application

    17.18. ASEAN Countries Market Analysis

        17.18.1. Value Proportion Analysis By Market Taxonomy

        17.18.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.18.2.1. By Battery Type

            17.18.2.2. By Capacity

            17.18.2.3. By Application

    17.19. Australia Market Analysis

        17.19.1. Value Proportion Analysis By Market Taxonomy

        17.19.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.19.2.1. By Battery Type

            17.19.2.2. By Capacity

            17.19.2.3. By Application

    17.20. GCC Countries Market Analysis

        17.20.1. Value Proportion Analysis By Market Taxonomy

        17.20.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.20.2.1. By Battery Type

            17.20.2.2. By Capacity

            17.20.2.3. By Application

    17.21. Turkiye Market Analysis

        17.21.1. Value Proportion Analysis By Market Taxonomy

        17.21.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.21.2.1. By Battery Type

            17.21.2.2. By Capacity

            17.21.2.3. By Application

    17.22. South Africa Market Analysis

        17.22.1. Value Proportion Analysis By Market Taxonomy

        17.22.2. Volume (Units) and Value (US$ million) Analysis and Forecast By Market Taxonomy, 2018-2033

            17.22.2.1. By Battery Type

            17.22.2.2. By Capacity

            17.22.2.3. By Application

18. Market Structure Analysis

    18.1. Market Analysis By Tier of Companies

    18.2. Market Concentration of Players

    18.3. Market Share Analysis of Top Players

    18.4. Market Presence Analysis

19. Solid State Battery Competition Analysis

    19.1. Competition Dashboard

    19.2. Competition Benchmarking of Products

    19.3. Competition Deep Dive: Solid State Battery

        19.3.1. BrightVolt

            19.3.1.1. Overview

            19.3.1.2. Product Portfolio

            19.3.1.3. Key Financials

            19.3.1.4. Sales Footprint

            19.3.1.5. SWOT Analysis

            19.3.1.6. Key Developments

            19.3.1.7. Strategy Overview

        19.3.2. Cymbet

            19.3.2.1. Overview

            19.3.2.2. Product Portfolio

            19.3.2.3. Key Financials

            19.3.2.4. Sales Footprint

            19.3.2.5. SWOT Analysis

            19.3.2.6. Key Developments

            19.3.2.7. Strategy Overview

        19.3.3. Excellatron Solid State

            19.3.3.1. Overview

            19.3.3.2. Product Portfolio

            19.3.3.3. Key Financials

            19.3.3.4. Sales Footprint

            19.3.3.5. SWOT Analysis

            19.3.3.6. Key Developments

            19.3.3.7. Strategy Overview

        19.3.4. Robert Bosch GmbH

            19.3.4.1. Overview

            19.3.4.2. Product Portfolio

            19.3.4.3. Key Financials

            19.3.4.4. Sales Footprint

            19.3.4.5. SWOT Analysis

            19.3.4.6. Key Developments

            19.3.4.7. Strategy Overview

        19.3.5. Saft

            19.3.5.1. Overview

            19.3.5.2. Product Portfolio

            19.3.5.3. Key Financials

            19.3.5.4. Sales Footprint

            19.3.5.5. SWOT Analysis

            19.3.5.6. Key Developments

            19.3.5.7. Strategy Overview

        19.3.6. Samsung SDI Co. Ltd.

            19.3.6.1. Overview

            19.3.6.2. Product Portfolio

            19.3.6.3. Key Financials

            19.3.6.4. Sales Footprint

            19.3.6.5. SWOT Analysis

            19.3.6.6. Key Developments

            19.3.6.7. Strategy Overview

        19.3.7. Solid Energy System

            19.3.7.1. Overview

            19.3.7.2. Product Portfolio

            19.3.7.3. Key Financials

            19.3.7.4. Sales Footprint

            19.3.7.5. SWOT Analysis

            19.3.7.6. Key Developments

            19.3.7.7. Strategy Overview

        19.3.8. Solid Power

            19.3.8.1. Overview

            19.3.8.2. Product Portfolio

            19.3.8.3. Key Financials

            19.3.8.4. Sales Footprint

            19.3.8.5. SWOT Analysis

            19.3.8.6. Key Developments

            19.3.8.7. Strategy Overview

        19.3.9. Toyota Motor Corporation

            19.3.9.1. Overview

            19.3.9.2. Product Portfolio

            19.3.9.3. Key Financials

            19.3.9.4. Sales Footprint

            19.3.9.5. SWOT Analysis

            19.3.9.6. Key Developments

            19.3.9.7. Strategy Overview

        19.3.10. QuantumScape

            19.3.10.1. Overview

            19.3.10.2. Product Portfolio

            19.3.10.3. Key Financials

            19.3.10.4. Sales Footprint

            19.3.10.5. SWOT Analysis

            19.3.10.6. Key Developments

            19.3.10.7. Strategy Overview

        19.3.11. Other Prominent Market Players

            19.3.11.1. Overview

            19.3.11.2. Product Portfolio

            19.3.11.3. Key Financials

            19.3.11.4. Sales Footprint

            19.3.11.5. SWOT Analysis

            19.3.11.6. Key Developments

            19.3.11.7. Strategy Overview

20. Assumptions & Acronyms Used

21. Research Methodology

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List Of Table

Table 1. Global Market Value (US$ million), By Region, 2018-2022

Table 2. Global Market Value (US$ million) and Forecast By Region, 2023-2033

Table 3. Global Market Volume (Units), By Region, 2018-2022

Table 4. Global Market Volume (Units) and Forecast By Region, 2023-2033

Table 5. Global Market Value (US$ million), By Battery Type, 2018-2022

Table 6. Global Market Value (US$ million) and Forecast By Battery Type, 2023-2033

Table 7. Global Market Volume (Units), By Battery Type, 2018-2022

Table 8. Global Market Volume (Units) and Forecast By Battery Type, 2023-2033

Table 9. Global Market Value (US$ million), By Capacity, 2018-2022

Table 10. Global Market Value (US$ million) and Forecast By Capacity, 2023-2033

Table 11. Global Market Volume (Units), By Capacity, 2018-2022

Table 12. Global Market Volume (Units) and Forecast By Capacity, 2023-2033

Table 13. Global Market Value (US$ million), By Application, 2018-2022

Table 14. Global Market Value (US$ million) and Forecast By Application, 2023-2033

Table 15. Global Market Volume (Units), By Application, 2018-2022

Table 16. Global Market Volume (Units) and Forecast By Application, 2023-2033

Table 17. North America Market Value (US$ million), By Country, 2018-2022

Table 18. North America Market Value (US$ million) and Forecast By Country, 2023-2033

Table 19. North America Market Volume (Units), By Country, 2018-2022

Table 20. North America Market Volume (Units) and Forecast By Country, 2023-2033

Table 21. North America Market Value (US$ million), By Battery Type, 2018-2022

Table 22. North America Market Value (US$ million) and Forecast By Battery Type, 2023-2033

Table 23. North America Market Volume (Units), By Battery Type, 2018-2022

Table 24. North America Market Volume (Units) and Forecast By Battery Type, 2023-2033

Table 25. North America Market Value (US$ million), By Capacity, 2018-2022

Table 26. North America Market Value (US$ million) and Forecast By Capacity, 2023-2033

Table 27. North America Market Volume (Units), By Capacity, 2018-2022

Table 28. North America Market Volume (Units) and Forecast By Capacity, 2023-2033

Table 29. North America Market Value (US$ million), By Application, 2018-2022

Table 30. North America Market Value (US$ million) and Forecast By Application, 2023-2033

Table 31. North America Market Volume (Units), By Application, 2018-2022

Table 32. North America Market Volume (Units) and Forecast By Application, 2023-2033

Table 33. Latin America Market Value (US$ million), By Country, 2018-2022

Table 34. Latin America Market Value (US$ million) and Forecast By Country, 2023-2033

Table 35. Latin America Market Volume (Units), By Country, 2018-2022

Table 36. Latin America Market Volume (Units) and Forecast By Country, 2023-2033

Table 37. Latin America Market Value (US$ million), By Battery Type, 2018-2022

Table 38. Latin America Market Value (US$ million) and Forecast By Battery Type, 2023-2033

Table 39. Latin America Market Volume (Units), By Battery Type, 2018-2022

Table 40. Latin America Market Volume (Units) and Forecast By Battery Type, 2023-2033

Table 41. Latin America Market Value (US$ million), By Capacity, 2018-2022

Table 42. Latin America Market Value (US$ million) and Forecast By Capacity, 2023-2033

Table 43. Latin America Market Volume (Units), By Capacity, 2018-2022

Table 44. Latin America Market Volume (Units) and Forecast By Capacity, 2023-2033

Table 45. Latin America Market Value (US$ million), By Application, 2018-2022

Table 46. Latin America Market Value (US$ million) and Forecast By Application, 2023-2033

Table 47. Latin America Market Volume (Units), By Application, 2018-2022

Table 48. Latin America Market Volume (Units) and Forecast By Application, 2023-2033

Table 49. Europe Market Value (US$ million), By Country, 2018-2022

Table 50. Europe Market Value (US$ million) and Forecast By Country, 2023-2033

Table 51. Europe Market Volume (Units), By Country, 2018-2022

Table 52. Europe Market Volume (Units) and Forecast By Country, 2023-2033

Table 53. Europe Market Value (US$ million), By Battery Type, 2018-2022

Table 54. Europe Market Value (US$ million) and Forecast By Battery Type, 2023-2033

Table 55. Europe Market Volume (Units), By Battery Type, 2018-2022

Table 56. Europe Market Volume (Units) and Forecast By Battery Type, 2023-2033

Table 57. Europe Market Value (US$ million), By Capacity, 2018-2022

Table 58. Europe Market Value (US$ million) and Forecast By Capacity, 2023-2033

Table 59. Europe Market Volume (Units), By Capacity, 2018-2022

Table 60. Europe Market Volume (Units) and Forecast By Capacity, 2023-2033

Table 61. Europe Market Value (US$ million), By Application, 2018-2022

Table 62. Europe Market Value (US$ million) and Forecast By Application, 2023-2033

Table 63. Europe Market Volume (Units), By Application, 2018-2022

Table 64. Europe Market Volume (Units) and Forecast By Application, 2023-2033

Table 65. East Asia Market Value (US$ million), By Country, 2018-2022

Table 66. East Asia Market Value (US$ million) and Forecast By Country, 2023-2033

Table 67. East Asia Market Volume (Units), By Country, 2018-2022

Table 68. East Asia Market Volume (Units) and Forecast By Country, 2023-2033

Table 69. East Asia Market Value (US$ million), By Battery Type, 2018-2022

Table 70. East Asia Market Value (US$ million) and Forecast By Battery Type, 2023-2033

Table 71. East Asia Market Volume (Units), By Battery Type, 2018-2022

Table 72. East Asia Market Volume (Units) and Forecast By Battery Type, 2023-2033

Table 73. East Asia Market Value (US$ million), By Capacity, 2018-2022

Table 74. East Asia Market Value (US$ million) and Forecast By Capacity, 2023-2033

Table 75. East Asia Market Volume (Units), By Capacity, 2018-2022

Table 76. East Asia Market Volume (Units) and Forecast By Capacity, 2023-2033

Table 77. East Asia Market Value (US$ million), By Application, 2018-2022

Table 78. East Asia Market Value (US$ million) and Forecast By Application, 2023-2033

Table 79. East Asia Market Volume (Units), By Application, 2018-2022

Table 80. East Asia Market Volume (Units) and Forecast By Application, 2023-2033

Table 81. South Asia & Oceania Market Value (US$ million), By Country, 2018-2022

Table 82. South Asia & Oceania Market Value (US$ million) and Forecast By Country, 2023-2033

Table 83. South Asia & Oceania Market Volume (Units), By Country, 2018-2022

Table 84. South Asia & Oceania Market Volume (Units) and Forecast By Country, 2023-2033

Table 85. South Asia & Oceania Market Value (US$ million), By Battery Type, 2018-2022

Table 86. South Asia & Oceania Market Value (US$ million) and Forecast By Battery Type, 2023-2033

Table 87. South Asia & Oceania Market Volume (Units), By Battery Type, 2018-2022

Table 88. South Asia & Oceania Market Volume (Units) and Forecast By Battery Type, 2023-2033

Table 89. South Asia & Oceania Market Value (US$ million), By Capacity, 2018-2022

Table 90. South Asia & Oceania Market Value (US$ million) and Forecast By Capacity, 2023-2033

Table 91. South Asia & Oceania Market Volume (Units), By Capacity, 2018-2022

Table 92. South Asia & Oceania Market Volume (Units) and Forecast By Capacity, 2023-2033

Table 93. South Asia & Oceania Market Value (US$ million), By Application, 2018-2022

Table 94. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023-2033

Table 95. South Asia & Oceania Market Volume (Units), By Application, 2018-2022

Table 96. South Asia & Oceania Market Volume (Units) and Forecast By Application, 2023-2033

Table 97. MEA Market Value (US$ million), By Country, 2018-2022

Table 98. MEA Market Value (US$ million) and Forecast By Country, 2023-2033

Table 99. MEA Market Volume (Units), By Country, 2018-2022

Table 100. MEA Market Volume (Units) and Forecast By Country, 2023-2033

Table 101. MEA Market Value (US$ million), By Battery Type, 2018-2022

Table 102. MEA Market Value (US$ million) and Forecast By Battery Type, 2023-2033

Table 103. MEA Market Volume (Units), By Battery Type, 2018-2022

Table 104. MEA Market Volume (Units) and Forecast By Battery Type, 2023-2033

Table 105. MEA Market Value (US$ million), By Capacity, 2018-2022

Table 106. MEA Market Value (US$ million) and Forecast By Capacity, 2023-2033

Table 107. MEA Market Volume (Units), By Capacity, 2018-2022

Table 108. MEA Market Volume (Units) and Forecast By Capacity, 2023-2033

Table 109. MEA Market Value (US$ million), By Application, 2018-2022

Table 110. MEA Market Value (US$ million) and Forecast By Application, 2023-2033

Table 111. MEA Market Volume (Units), By Application, 2018-2022

Table 112. MEA Market Volume (Units) and Forecast By Application, 2023-2033

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List Of Figures

Figure 1. Global Market Value (US$ million) and Volume (Units) Forecast, 2023-2033

Figure 2. Global Market Absolute $ Opportunity (US$ million), 2023-2033

Figure 3. Global Market Value (US$ million) and Volume (Units) By Region, 2023 & 2033

Figure 4. Global Market Y-o-Y Growth Rate By Region, 2023-2033

Figure 5. Global Market Value (US$ million) and Volume (Units) By Battery Type, 2023 & 2033

Figure 6. Global Market Y-o-Y Growth Rate By Battery Type, 2023-2033

Figure 7. Global Market Value (US$ million) and Volume (Units) By Capacity, 2023 & 2033

Figure 8. Global Market Y-o-Y Growth Rate By Capacity, 2023-2033

Figure 9. Global Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033

Figure 10. Global Market Y-o-Y Growth Rate By Application, 2023-2033

Figure 11. North America Market Value (US$ million) and Volume (Units) Forecast, 2023-2033

Figure 12. North America Market Absolute $ Opportunity (US$ million), 2023-2033

Figure 13. North America Market Value (US$ million) and Volume (Units) By Country, 2023 & 2033

Figure 14. North America Market Y-o-Y Growth Rate By Country, 2023-2033

Figure 15. North America Market Value (US$ million) and Volume (Units) By Battery Type, 2023 & 2033

Figure 16. North America Market Y-o-Y Growth Rate By Battery Type, 2023-2033

Figure 17. North America Market Value (US$ million) and Volume (Units) By Capacity, 2023 & 2033

Figure 18. North America Market Y-o-Y Growth Rate By Capacity, 2023-2033

Figure 19. North America Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033

Figure 20. North America Market Y-o-Y Growth Rate By Application, 2023-2033

Figure 21. North America Market Attractiveness Analysis By Country, 2023-2033

Figure 22. North America Market Attractiveness Analysis By Battery Type, 2023-2033

Figure 23. North America Market Attractiveness Analysis By Capacity, 2023-2033

Figure 24. North America Market Attractiveness Analysis By Application, 2023-2033

Figure 25. Latin America Market Value (US$ million) and Volume (Units) Forecast, 2023-2033

Figure 26. Latin America Market Absolute $ Opportunity (US$ million), 2023-2033

Figure 27. Latin America Market Value (US$ million) and Volume (Units) By Country, 2023 & 2033

Figure 28. Latin America Market Y-o-Y Growth Rate By Country, 2023-2033

Figure 29. Latin America Market Value (US$ million) and Volume (Units) By Battery Type, 2023 & 2033

Figure 30. Latin America Market Y-o-Y Growth Rate By Battery Type, 2023-2033

Figure 31. Latin America Market Value (US$ million) and Volume (Units) By Capacity, 2023 & 2033

Figure 32. Latin America Market Y-o-Y Growth Rate By Capacity, 2023-2033

Figure 33. Latin America Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033

Figure 34. Latin America Market Y-o-Y Growth Rate By Application, 2023-2033

Figure 35. Latin America Market Attractiveness Analysis By Country, 2023-2033

Figure 36. Latin America Market Attractiveness Analysis By Battery Type, 2023-2033

Figure 37. Latin America Market Attractiveness Analysis By Capacity, 2023-2033

Figure 38. Latin America Market Attractiveness Analysis By Application, 2023-2033

Figure 39. Europe Market Value (US$ million) and Volume (Units) Forecast, 2023-2033

Figure 40. Europe Market Absolute $ Opportunity (US$ million), 2023-2033

Figure 41. Europe Market Value (US$ million) and Volume (Units) By Country, 2023 & 2033

Figure 42. Europe Market Y-o-Y Growth Rate By Country, 2023-2033

Figure 43. Europe Market Value (US$ million) and Volume (Units) By Battery Type, 2023 & 2033

Figure 44. Europe Market Y-o-Y Growth Rate By Battery Type, 2023-2033

Figure 45. Europe Market Value (US$ million) and Volume (Units) By Capacity, 2023 & 2033

Figure 46. Europe Market Y-o-Y Growth Rate By Capacity, 2023-2033

Figure 47. Europe Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033

Figure 48. Europe Market Y-o-Y Growth Rate By Application, 2023-2033

Figure 49. Europe Market Attractiveness Analysis By Country, 2023-2033

Figure 50. Europe Market Attractiveness Analysis By Battery Type, 2023-2033

Figure 51. Europe Market Attractiveness Analysis By Capacity, 2023-2033

Figure 52. Europe Market Attractiveness Analysis By Application, 2023-2033

Figure 53. East Asia Market Value (US$ million) and Volume (Units) Forecast, 2023-2033

Figure 54. East Asia Market Absolute $ Opportunity (US$ million), 2023-2033

Figure 55. East Asia Market Value (US$ million) and Volume (Units) By Country, 2023 & 2033

Figure 56. East Asia Market Y-o-Y Growth Rate By Country, 2023-2033

Figure 57. East Asia Market Value (US$ million) and Volume (Units) By Battery Type, 2023 & 2033

Figure 58. East Asia Market Y-o-Y Growth Rate By Battery Type, 2023-2033

Figure 59. East Asia Market Value (US$ million) and Volume (Units) By Capacity, 2023 & 2033

Figure 60. East Asia Market Y-o-Y Growth Rate By Capacity, 2023-2033

Figure 61. East Asia Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033

Figure 62. East Asia Market Y-o-Y Growth Rate By Application, 2023-2033

Figure 63. East Asia Market Attractiveness Analysis By Country, 2023-2033

Figure 64. East Asia Market Attractiveness Analysis By Battery Type, 2023-2033

Figure 65. East Asia Market Attractiveness Analysis By Capacity, 2023-2033

Figure 66. East Asia Market Attractiveness Analysis By Application, 2023-2033

Figure 67. South Asia & Oceania Market Value (US$ million) and Volume (Units) Forecast, 2023-2033

Figure 68. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023-2033

Figure 69. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Country, 2023 & 2033

Figure 70. South Asia & Oceania Market Y-o-Y Growth Rate By Country, 2023-2033

Figure 71. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Battery Type, 2023 & 2033

Figure 72. South Asia & Oceania Market Y-o-Y Growth Rate By Battery Type, 2023-2033

Figure 73. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Capacity, 2023 & 2033

Figure 74. South Asia & Oceania Market Y-o-Y Growth Rate By Capacity, 2023-2033

Figure 75. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033

Figure 76. South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2023-2033

Figure 77. South Asia & Oceania Market Attractiveness Analysis By Country, 2023-2033

Figure 78. South Asia & Oceania Market Attractiveness Analysis By Battery Type, 2023-2033

Figure 79. South Asia & Oceania Market Attractiveness Analysis By Capacity, 2023-2033

Figure 80. South Asia & Oceania Market Attractiveness Analysis By Application, 2023-2033

Figure 81. MEA Market Value (US$ million) and Volume (Units) Forecast, 2023-2033

Figure 82. MEA Market Absolute $ Opportunity (US$ million), 2023-2033

Figure 83. MEA Market Value (US$ million) and Volume (Units) By Country, 2023 & 2033

Figure 84. MEA Market Y-o-Y Growth Rate By Country, 2023-2033

Figure 85. MEA Market Value (US$ million) and Volume (Units) By Battery Type, 2023 & 2033

Figure 86. MEA Market Y-o-Y Growth Rate By Battery Type, 2023-2033

Figure 87. MEA Market Value (US$ million) and Volume (Units) By Capacity, 2023 & 2033

Figure 88. MEA Market Y-o-Y Growth Rate By Capacity, 2023-2033

Figure 89. MEA Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033

Figure 90. MEA Market Y-o-Y Growth Rate By Application, 2023-2033

Figure 91. MEA Market Attractiveness Analysis By Country, 2023-2033

Figure 92. MEA Market Attractiveness Analysis By Battery Type, 2023-2033

Figure 93. MEA Market Attractiveness Analysis By Capacity, 2023-2033

Figure 94. MEA Market Attractiveness Analysis By Application, 2023-2033

Know thy Competitors

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- FAQs -

What was the Global Solid State Battery Market Size in 2022?

The global solid-state battery market is valued at US$ 94.1 million in 2022.

What are the Regions included in the Solid State Battery Market Study?

The regions included in the solid-state battery market study include North America, Latin America, MEA, South Asia & Oceania, East Asia, and Europe.

Who are the Major Players Operating in the Solid State Battery Market?

Prominent players in the solid-state battery market include Cymbet, Robert Bosch GmbH, Saft, Toyota Motor Corporation, Solid Power, Excellatron Solid State, BrightVolt, and Samsung SDI Co. Ltd.

How did the Market Perform in the Past Five Years?

From 2018–2022 the market witnessed a prominent growth rate of 22.3% and was valued at US$ 94.1 million in 2022 from US$ 34.4 million in 2018.

What is the Estimated Valuation of the Solid State Battery Market in 2033?

The market is expected to reach a valuation of US$ 1,497.1 million in 2033.

Solid State Battery Market

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