Solid-state Battery Market by Type (Thin Film Batteries, Bulk Batteries, and Other Batteries), Capacity (Less than 20mAh, 21mAh to 500mAh, and Above 500mAh), Application, and Geography - Global Forecasts to 2029

Solid-State Battery Market by Type (Thin Film Batteries, Bulk Batteries, and Other Batteries), Capacity (Less than 20mAh, 21mAh to 500mAh, and Above 500mAh), Application, and Geography - Global Forecasts to 2029

The research report titled, Solid-State Battery Market by Type (Thin Film Batteries, Bulk Batteries, and Other Batteries), Capacity (Less than 20mAh, 21mAh to 500mAh, and Above 500mAh), Application, and Geography — Global Forecasts to 2029, provides an in-depth analysis of the global solid-state battery market across five major geographies and emphasizes on the current market trends, market size, market shares, recent developments, and forecasts till 2029.

The Global Solid-State Battery Market is expected to reach $3.81 billion by 2029, at a CAGR of 58% during the forecast period 2022–2029. By volume, this market is expected to grow at a CAGR of 71% from 2022 to reach 7.3 GWh by 2029.

The growth of this market is backed by factors, such as the high energy density of solid-state batteries, faster-charging rate compared to Li-ion batteries, and a safer alternative to Li-ion batteries. Moreover, Increasing R&D for the application of solid-state batteries in EVs and the increase in R&D investments to develop solid-state batteries for consumer electronics devices provide significant growth opportunities for the global solid-state battery market.

The study offers a comprehensive analysis of the global solid-state battery market based on type (thin film batteries, bulk batteries, and other batteries), capacity (less than 20mAh, 21mAh to 500mAh, and above 500mAh), application (medical devices, automotive, consumer electronics, aerospace, battery energy storage systems, and industrial equipment), and geography (Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the country level.

Based on type, the global solid-state battery market is segmented into thin film batteries, bulk batteries, and other batteries. In 2022, the thin film batteries segment is expected to account for the largest share of the global solid-state battery market. Major factors attributed to the large share of this segment are their smaller size, higher average output voltage, lighter weight, higher flexibility, higher energy density, lower chances of electrolyte leakage, tighter packing, and longer life cycle than bulky solid-state batteries. Thin film solid-state batteries can be used in numerous devices, including renewable energy storage devices, smart cards, radio frequency identification (RFID) tags, portable electronics, defibrillators, neural stimulators, pacemakers, and wireless sensors. For instance, in November 2021, Dutch startup LionVolt BV secured $4.5 million (€4 million) to develop its 3D solid-state thin-film battery technology, which it expects to apply initially in wearables and electric cars.

Based on capacity, the 21mAh to 500mAh segment is expected to account for the largest share of the global solid-state battery market in 2022. The large share of this segment is mainly attributed to the rising demand for small energy storage sources and wearable electronics. Solid-state batteries are widely preferred for consumer electronics as they are safer and more stable than liquid li-ion batteries in which the electrolyte is volatile and flammable at high temperatures.

Based on application, the global solid-state battery market is segmented into medical devices, automotive, consumer electronics, aerospace, battery energy storage systems, and industrial equipment. The medical devices segment is expected to grow at the highest CAGR during the forecast period. The high growth of this segment is mainly attributed to technological advancements and the penetration of IoT in the medical field. Several battery manufacturers are designing and offering solid-state batteries to power medical devices, such as neural stimulators, pacemakers, and defibrillators. For instance, in April 2019, Ilika, a U.S. company, launched its new Stereax M50, a miniaturized solid-state lithium-ion cell designed for the needs of the medical device industry.

Based on geography, the market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to account for the largest share of the global solid-state battery market in 2022. The large market share is mainly attributed to the growing application and uptake of solid-state batteries in consumer electronics, electric vehicles, and energy harvesting, and the research & development activities focused on the commercialization of solid-state batteries for electric vehicles. For instance, in September 2020, The Volkswagen Group invested around $300 million in the U.S.-based solid-state battery startup QuantumScape.

Additionally, a US-based battery company, Solid Power, announced its plans to begin pilot production of solid-state batteries suitable for use in electric vehicles by early 2022, after receiving an additional $130 million in funding from existing investors, including Ford, BMW, and Volta Energy Technologies. These initiatives help boost the demand for solid-state batteries during the forecast period. These initiatives are expected to boost the demand for solid-state batteries during the forecast period.

Some of the key players operating in the Solid-State Battery market are QuantumScape Corporation (U.S.), Ilika plc (U.K.), Solid Power, Inc. (U.S.), BrightVolt, Inc., (U.S.), Cymbet Corporation (U.S.), Prieto Battery Inc. (U.S.), Sion Power Corporation (U.S.), Hitachi Zosen Corporation (Japan), ProLogium Technology CO., Ltd. (Taiwan), Johnson Energy Storage, Inc. (U.S.), PJP Eye LTD. (Japan), Factorial Inc. (Spain), Volkswagen AG (Germany), Front Edge Technology, Inc. (U.S.), and I-TEN S.A. (Italy).

Key Questions Answered in the Report-

Which are the high-growth market segments in terms of type, capacity, application, and geography?
What is the historical market size for the global solid-state battery market?
What are the market forecasts and estimates for the period of 2022–2029?
What are the major drivers, restraints, opportunities, and challenges in the global solid-state battery market?
Who are the major players in the market, and what shares of the market do they hold?
How is the competitive landscape for the global solid-state battery market?
What are the recent developments in the global solid-state battery market?
What are the different strategies adopted by the major players in the market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global solid-state battery market, and how do they compete with the other players?

Scope of the Report


Global Solid-State Battery Market, by Type

Thin Film Batteries
Bulk Batteries
Other Batteries

Global Solid-State Battery Market, by Capacity

Less than 20mAh
21mAh to 500mAh
Above 500mAh

Global Solid-State Battery Market, by Application

Medical Devices
Automotive
Consumer Electronics
Aerospace
Battery Energy storage systems
Industrial Equipment

Global Solid-State Battery Market, by Geography

Asia-Pacific (APAC)
China
Japan
South Korea
India
Rest of Asia-Pacific
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe (RoE)
North America
U.S.
Canada
Latin America
Middle East & Africa

Global Solid-State Battery Market - Report Summary
Report Metrics Details
Years Considered 2020 - 2029
Base Year 2021
Forecast Period 2022-2029
Page Count 136
Units Referenced Value (USD Million/Billion) and Volume (GWh)
Segments/Key Topics Market by Type, Market by Capacity, Market by Application, Market by Geography
Regions Covered North America, Europe, Asia-Pacific, Latin America , and Middle East & Africa
Key Companies Mentioned QuantumScape Corporation (U.S.), Ilika plc (U.K.), Solid Power, Inc. (U.S.), BrightVolt, Inc., (U.S.), Cymbet Corporation (U.S.), Prieto Battery Inc. (U.S.), Sion Power Corporation (U.S.), Hitachi Zosen Corporation (Japan), ProLogium Technology CO., Ltd. (Taiwan), Johnson Energy Storage, Inc. (U.S.), PJP Eye LTD. (Japan), Factorial Inc. (Spain), Volkswagen AG (Germany), Front Edge Technology, Inc. (U.S.), and I-TEN S.A. (Italy)


FAQs About the Report

What is the focus of the global solid-state battery market report?


The global solid-state battery market report covers the market sizes & forecasts for the solid-state batteries by type, capacity, application, and geography. The global solid-state batteries market study in this report involves the value analysis of various segments and subsegments of the global solid-state batteries market at the regional and country levels.

What is the value of revenue generated from global solid-state battery across the globe? at what rate is the demand expected to grow for the next 5–7 years?

The global solid-state battery market is projected to reach a value of $3.81 billion by 2029, at a CAGR of 58.1% during the forecast period. By volume, this market is expected to grow at a CAGR of 72.4% from 2022 to reach 7.3 GWh by 2029.

Which type category held the major share of the market in 2022?

Based on the type, the thin film batteries segment is expected to account for the largest share of the global solid-state battery market in 2022.

Which is the high-growth application segment of the global solid-state battery market?

Based on application, the consumer electronics segment is expected to witness significant growth during the forecast period. The rapid growth of this segment is attributed to the rising demand for small energy storage sources and wearable electronics. Solid-state batteries are widely preferred for consumer electronics as they are safer and more stable than liquid li-ion batteries in which the electrolyte is volatile and flammable at high temperatures.

What are the key factors supporting the growth of this market? what are the major opportunities for existing market players and new entrants in the global solid-state battery market?

Factors such as the high energy density of solid-state batteries, faster-charging rate than Li-ion batteries, and a safer alternative to Li-ion batteries are attributed to the growth of this market. Furthermore, the rising application of solid-state batteries in EVs and increase in R&D investments to develop solid-state batteries provide significant growth opportunities for the global solid-state batteries market.

Who are the major players operating in the global solid-state batteries market?

The key players operating in the solid-state battery market are QuantumScape Corporation (U.S.), Ilika plc (U.K.), Solid Power, Inc. (U.S.), BrightVolt, Inc., (U.S.), Cymbet Corporation (U.S.), Prieto Battery Inc. (U.S.), Sion Power Corporation (U.S.), Hitachi Zosen Corporation (Japan), ProLogium Technology CO., Ltd. (Taiwan), Johnson Energy Storage, Inc. (U.S.), PJP Eye LTD. (Japan), Factorial Inc. (Spain), Volkswagen AG (Germany), Front Edge Technology, Inc. (U.S.), and I-TEN S.A. (Italy).

Which regions/countries are likely to offer significant growth opportunities for the vendors in this market during the analysis period?

European countries are expected to offer lucrative growth opportunities for solid-state battery OEMs during the forecast period. The European Union's ASTRABAT project to accelerate the development of solid-state battery cells for electric vehicles and other applications in Europe is expected to provide significant growth opportunities for this market.


1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.3.1. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.2. Bottom-Up Approach
2.3.3. Top-Down Approach
2.3.4. Growth Forecast
2.4. Assumptions for the Study
2.5. Limitations for the Study
3. Executive Summary
4. COVID-19: Impact Analysis
4.1. Scenario A: Severe Impact
4.2. Scenario B: Slow Recovery
4.3. Scenario C: Fast Recovery
5. Market Insights
5.1. Introduction
5.2. Market Dynamics
5.2.1. Global Solid-state Battery Market: Impact Analysis of Market Drivers
5.2.1.1. High Energy Density of Solid-state Battery
5.2.1.2. Faster Charging Compared to Li-Ion Battery
5.2.1.3. Better Safety Compared to Li-Ion Battery
5.2.2. Global Solid-state Battery Market: Impact Analysis of Market Restraints
5.2.2.1. Higher Prices of Solid-state Battery
5.2.2.2. Technological Challenges
5.2.3. Global Solid-state Battery Market: Impact Analysis of Market Opportunities
5.2.3.1. Rising Application of Solid-state Battery in EVs
5.2.3.2. Increase in R&D Investments for the Development of Solid-state Battery
5.2.4. Global Solid-state Battery Market: Impact Analysis of Market Challenges
5.2.4.1. Physical Properties of Ceramic Electrolytes
5.2.4.2. Commercialization
5.2.4.3. Cell Architecture
5.2.4.4. Business Transformation
5.3. Value Chain Analysis
6. Global Solid-state Battery Market, by Type
6.1. Introduction
6.2. Thin Film Solid State Battery
6.3. Bulk Solid State Battery
7. Global Solid-state Battery Market, by Capacity
7.1. Introduction
7.2. Less Than 20 mAh
7.3. 21 mAh to 500 mAh
7.4. Above 501 mAh
8. Global Solid-state Battery Market, by Application
8.1. Introduction
8.2. Consumer Electronics
8.3. Medical Devices
8.4. Automotive
8.5. Aerospace
8.6. Industrial Equipment
9. Solid-state Battery Market, by Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. U.K.
9.3.2. Germany
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Switzerland
9.3.7. Russia
9.3.8. Rest of Europe (RoE)
9.4. Asia-Pacific
9.4.1. China
9.4.2. Japan
9.4.3. South Korea
9.4.4. Australia
9.4.5. India
9.4.6. Singapore
9.4.7. Rest of Asia-Pacific (RoAPAC)
9.5. Latin America
9.6. Middle East & Africa
10. Competitive Landscape
10.1. Introduction
10.2. Key Growth Strategies
10.3. Top Three Players in Global Solid-state Battery Market (2021)
10.3.1. Ilika plc
10.3.2. ProLogium Technology CO., Ltd.,
10.3.3. Solid Power, Inc.
11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
11.1. BrightVolt, Inc.,
11.2. Cymbet Corporation
11.3. Factorial Inc.
11.4. Front Edge Technology, Inc.
11.5. Hitachi Zosen Corporation
11.6. Ilika plc
11.7. I-TEN S.A.
11.8. Johnson Energy Storage, Inc.
11.9. PJP Eye LTD.
11.10. Prieto Battery Inc.
11.11. ProLogium Technology CO., Ltd.
11.12. Sakuu Corporation
11.13. Sion Power Corporation
11.14. Solid Power, Inc.
11.15. Volkswagen AG
12. Appendix
12.1. Questionnaire
12.2. Available Customization
List of Tables
Table 1 The Impact of COVID-19 on the Global Solid-state Battery Market (USD Million)
Table 2 Global Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 3 Global Thin Film Solid State Battery Market Size, by Country/Region, 2020–2029 (USD Million)
Table 4 Global Bulk Solid State Battery Market Size, by Country/Region, 2020–2029 (USD Million)
Table 5 Global Solid-state Battery Market Size, by Capacity 2020–2029 (USD Million)
Table 6 Global Less Than 20 mAh Solid-state Battery Market Size, by Country/Region, 2020–2029 (USD Million)
Table 7 Global 21 mAh to 500 mAh Solid-state Battery Market Size, by Country/Region, 2020–2029 (USD Million)
Table 8 Global Above 501 mAh Solid-state Battery Market Size, by Country/Region, 2020–2029 (USD Million)
Table 9 Global Solid-state Battery Market, by Application, 2020–2029 (USD Million)
Table 10 Solid-state Battery Market Size for Consumer Electronics, by Country/Region, 2020–2029 (USD Million)
Table 11 Solid-state Battery Market Size for Medical Devices, by Country/Region, 2020–2029 (USD Million)
Table 12 Solid-state Battery Market Size for Automotive, by Country/Region, 2020–2029 (USD Million)
Table 13 Solid-state Battery Market Size for Aerospace, by Country/Region, 2020–2029 (USD Million)
Table 14 Solid-state Battery Market Size for Industrial Euipment, by Country/Region, 2020–2029 (USD Million)
Table 15 Global Solid-state Battery Market Size, by Country/Region, 2020–2029, 2020–2029 (USD Million)
Table 16 Global Solid-state Battery Market Volume, by Country/Region, 2020–2029 (kWh)
Table 17 North America: Solid-state Battery Market Size, by Country, 2020–2029 (USD Million)
Table 18 North America: Solid-state Battery Market Volume, by Country, 2020–2029 (kWh)
Table 19 North America: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 20 North America: Solid-state Battery Market Size, by Capacity, 2020–2029 (kWh)
Table 21 North America: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 22 U.S.: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 23 U.S.: Solid-state Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 24 U.S.: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 25 Canada: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 26 Canada: Solid-state Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 27 Canada: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 28 Europe: Solid-state Battery Market Size, by Country/Region, 2020–2029 (USD Million)
Table 29 Europe: Solid-state Battery Market Volume, by Country/Region, 2020–2029 (kWh)
Table 30 Europe: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 31 Europe: Solid-state Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 32 Europe: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 33 U.K.: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 34 U.K.: Solid-state Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 35 U.K.: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 36 Germany: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 37 Germany: Solid-state Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 38 Germany: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 39 France: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 40 France: Solid-state Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 41 France: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 42 Spain: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 43 Spain: Solid-state Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 44 Spain: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 45 Italy: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 46 Italy: Solid-state Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 47 Italy: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 48 Switzerland: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 49 Switzerland: Solid-state Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 50 Switzerland: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 51 Russia: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 52 Russia: Solid-state Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 53 Russia: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 54 Rest of Europe: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 55 Rest of Europe: Solid-state Battery Market Size, by Capacity, 2020–2029 (kWh)
Table 56 Rest of Europe: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 57 Asia-Pacific: Solid-state Battery Market Size, by Country/Region, 2020–2029 (USD Million)
Table 58 Asia-Pacific: Solid-state Battery Market Volume, by Country/Region, 2020–2029 (kWh)
Table 59 Asia-Pacific: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 60 Asia-Pacific: Solid-state Battery Market Size, by Capacity, 2020–2029 (kWh)
Table 61 Asia-Pacific: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 62 China: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 63 China: Solid-state Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 64 China: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 65 Japan: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 66 Japan: Solid-state Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 67 Japan: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 68 South Korea: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 69 South Korea: Solid-state Battery Market Size, by Capacity, 2020–2029 (kWh)
Table 70 South Korea: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 71 Australia: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 72 Australia: Solid-state Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 73 Australia: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 74 India: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 75 India: Solid-state Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 76 India: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 77 Singapore: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 78 Singapore: Solid-state Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 79 Singapore: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 80 Rest of Asia-Pacific: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 81 Rest of Asia-Pacific: Solid-state Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 82 Rest of Asia-Pacific: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 83 Latin America: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 84 Latin America: Solid-state Battery Market Size, by Capacity, 2020–2029 (kWh)
Table 85 Latin America: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 86 Middle East & Africa: Solid-state Battery Market Size, by Type, 2020–2029 (USD Million)
Table 87 Middle East & Africa: Solid-state Battery Market Size, by Capacity, 2020–2029 (USD Million)
Table 88 Middle East & Africa: Solid-state Battery Market Size, by Application, 2020–2029 (USD Million)
Table 89 Recent Key Developments, by Company (2019–2022)
List of Figures
Figure 1 Market Ecosystem
Figure 2 Currency and Limitations
Figure 3 Key Stakeholders
Figure 4 Research Process
Figure 5 Key Secondary Sources
Figure 6 Primary Research Techniques
Figure 7 Key Executives Interviewed
Figure 8 Market Sizing and Growth Forecast Approach
Figure 9 Key Insights
Figure 10 Global Solid-state Battery Market Share, by Type (2029)
Figure 11 Global Solid-state Battery Market Share, by Capacity (2029)
Figure 12 Global Solid-state Battery Market Share, by Application (2029)
Figure 13 Geographic Snapshot: Global Solid-state Battery Market, by Value
Figure 14 Geographic Snapshot: Global Solid-state Battery Market, by Volume (kWh) (2022)
Figure 15 The Impact of COVID-19 on the Global Solid-state Battery Market
Figure 16 Market Dynamics
Figure 17 Solid-state Battery: Value Chain
Figure 18 Global Solid-state Battery Market, by Type, 2022 vs. 2029 (USD Million)
Figure 19 Global Solid-state Battery Market Size, by Capacity, 2022 vs. 2029 (USD Million)
Figure 20 Global Solid-state Battery Market, by Application, 2022 vs. 2029 (USD Million)
Figure 21 Global Solid-state Battery Market Size, by Geography, 2022 vs. 2029
Figure 22 Global Solid-state Battery Market Volume, by Geography, 2022 vs. 2029 (kWh)
Figure 23 Key Growth Strategies Adopted by Leading Players (2018–2021)
Figure 24 Financial Overview (2018–2020): Hitachi Zosen Corporation
Figure 25 Financial Overview (2018–2020): Ilika plc
Figure 26 Financial Overview (2019–2021): Volkswagen AG

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