Improved Safety and Thermal Stability
Solid-state batteries address inherent safety hazards of conventional lithium-ion batteries, which employ flammable liquid electrolytes with a danger of thermal runaway and fire. The use of solid as a substitute for liquid electrolytes negates the leakage risk and minimizes flammability. For instance, the US. National Highway Traffic Safety Administration (NHTSA) always underscores car safety, and the non-flammable aspect of solid-state batteries complies with strict automotive safety standards, opening the way for broader adoption of EV. This inherent improvement of safety profile is an important driving force for manufacturers and consumers, especially in high-energy applications.
Better Energy Density and Quick Charging
Solid-state batteries provide a significant boost in energy density over liquid-electrolyte batteries, with the promise of reaching 500-700 Wh/kg, which is nearly twice the 300-350 Wh/kg of today's commercially produced lithium-ion batteries. That increased energy density translates directly to larger driving ranges for electric cars, with some companies targeting more than 700 miles on a single charge. In addition, solid-state technology holds the promise of much quicker recharging, with estimates predicting 10-15 minutes for an 80% recharge. This gets to one of the biggest consumer questions over EV convenience, and electric mobility becomes an even more viable and appealing proposition for the mass market.
Growth in Electric Vehicles and Grid Storage
The growing electric vehicle (EV) market represents an overlord opportunity for solid-state batteries. Their greater energy density, enhanced safety, and higher charging speeds directly counter today's limitations on EV performance, allowing longer distances and faster turnaround times. Projections indicate that the transportation industry will continue to be a prime use, with major manufacturers such as Toyota and Volkswagen investing heavily to achieve mass production by the late 2020s. At the same time, the need for reliable and efficient large-scale energy storage for renewable grids is increasing. Solid-state batteries with their greater thermal stability and longer cycle life are now becoming more of a viable solution for utility-scale developments and microgrids, enabling the transition towards clean energy worldwide.
Miniaturization and Integration in Advanced Electronics
The very intrinsic small size and conformal form factors of some solid-state battery types, namely thin-film variants, hold great promise in miniature and advanced electronic applications. These batteries can be seamlessly incorporated into chips and microsensors, making possible smaller, lighter, and more energy-efficient designs for wearables, implantable medical devices, and Internet of Things (IoT) systems. The need for such tiny, high-performance power sources is on the rise, particularly in the healthcare industry, where safety and reliability are also highest priority for devices such as pacemakers and biosensors. This industry is enhanced by the non-inflammable character and extended operating life of solid-state solutions, encouraging development in mobile and intelligent technologies.
The following Key Market Indicators present a comprehensive overview of the social and economic landscape of the selected region, offering critical insights into market-specific trends and developments. These indicators, combined with data from government statistics, industry associations, and corporate sources, form the analytical foundation of NextGen Intelligence Stats' market models.
| Aspects | Details |
Base Year
|
2024 |
Historic Data
|
2021-2023 |
Forecast Period
|
2025-2035 |
Regions & Countries Covered
|
North America (United States, Canada), Europe (Germany, France, Italy, United Kingdom, Spain, Rest of Europe), Asia Pacific (China, Japan, South Korea, India, Rest of Asia Pacific), Latin America (Brazil, Argentina, Rest of Latin America), Middle East& |
Companies Profiles
|
|
Segmentation Level Customization
|
Additional Segments and Sub Segment |
Company Level Customization
|
Market share analysis at country levels |
Country level Data Customization
|
Segmental volume analysis Pricing Analysis of Product Company Market Share |
The market's competition is dominated by strategic collaborations, high R&D efforts, and a mix of mature battery companies & disruptive startups. The leading players, such as QuantumScape Corporation, Ilika Ltd., and Solid Power Inc., are concentrated on building scalable production processes and enhancing the performance factors of batteries like energy density and cycle life. Automotive behemoths, such as Toyota & Volkswagen (through PowerCo), are working diligently with battery innovators, a sign that the sector is serious about incorporating solid-state technology into its next-generation electric vehicles. The competitive landscape is also accompanied by a battle to be cost-effective and address manufacturing hurdles as companies compete to be the first to bring reliable, high-performance solid-state batteries to the mass market across multiple applications from consumer products to large-scale energy storage. This dynamic setting promotes ongoing innovation and strategic partnerships focused on expediting technological advances and market penetration.
• 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
• Others
The Global Solid-state battery market size accounted for USD 1071.2 million in 2024 and it is expected to reach around USD 30612.8 million by 2035.
Improved Safety and Thermal Stability, Better Energy Density and Quick Charging, Growth in Electric Vehicles and Grid Storage, Miniaturization and Integration in Advanced Electronics.
The global Solid-state battery market is poised to grow at a CAGR of 23.3% from 2025 to 2035.
Asia-Pacific is to be the largest market for solid state batteries, with a substantial market share, estimated at about 43.5% in 2024.
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 and Others.
Asia-Pacific is to be the largest market for solid state batteries, with a substantial market share, estimated at about 43.5% in 2024.
1.1. Introduction
1.2. Report Description & Objective
1.3. Years Considered For Study
1.4. Assumption And Limitation
2.1. Data Collection
2.2. Primary Research & Secondary Research
2.3. Bottom-Up Approach & Top-Down Approach
2.4. Market Analysis & Size Estimation
2.5. Quality Check & Final Review
3.1. Report Scope
3.2. Executive Summary
4.1. Top Trends To Watch
4.2. Top Strategies Followed By Key Players
4.3. Top Investment Pockets
4.4. Strategic Recommendations
5.1. Market Definition
5.2. Market Drivers
5.3. Market Restraints & Challenges
5.4. Market Opportunities
6.1. Porter’s Five Forces’ Analysis
6.2. Value Chain Analysis / Supply Chain Analysis
6.3. PESTLE Analysis
6.4. Regulatory Landscape
6.5. Pricing Analysis
7.1. Global Solid State Battery Market, By Product
7.2. Global Solid State Battery Market Attractiveness, By Product
7.2.1. Portable
7.2.2. Thin-Film
8.1. Global Solid State Battery Market, By Capacity
8.2. Global Solid State Battery Market Attractiveness, By Capacity
8.2.1. Below 20 mAh
8.2.2. 20 - 500 mAh
8.2.3. Above 500 mAh
9.1. Global Solid State Battery Market, By Application
9.2. Global Solid State Battery Market Attractiveness, By Application
9.2.1. Industrial
9.2.2. Automotive
9.2.3. Consumer Electronics
9.2.4. Energy Storage
9.2.5. Others
10.1. Global Solid State Battery Market, By Geography
10.2. Global Solid State Battery Market Attractiveness, By Geography
10.2.1. North America
10.2.2. Europe
10.2.3. Asia Pacific
10.2.4. Middle East & Africa
10.2.5. Latin America
11.1. North America Market Overview, By Countries
11.2. Market Overview, By Type
11.3. Market Overview, By Application
11.3.1. United States
11.3.2. Canada
12.1. Europe Market Overview, By Countries
12.2. Market Overview, By Type
12.3. Market Overview, By Application
12.3.1. Germany
12.3.2. France
12.3.3. UK
12.3.4. Italy
12.3.5. Spain
12.3.6. Rest of Europe
13.1. Asia Pacific Market Overview, By Countries
13.2. Market Overview, By Type
13.3. Market Overview, By Application
13.3.1. India
13.3.2. China
13.3.3. Japan
13.3.4. Latin Korea
13.3.5. Rest of Asia Pacific
14.1. Middle East & Africa Market Overview, By Countries
14.2. Market Overview, By Type
14.3. Market Overview, By Application
14.3.1. GCC
14.3.2. Latin Africa
14.3.3. Rest of Middle East & Africa
15.1. Latin America Market Overview, By Countries
15.2. Market Overview, By Type
15.3. Market Overview, By Application
15.3.1. Brazil
15.3.2. Argentina
15.3.3. Rest of Latin America
16.1. Key Developments
16.1.1. Partnerships, Collaborations, Agreements
16.1.2. Mergers & Acquisitions
16.1.3. New Product Developments
16.1.4. Other Developments
16.2. Company Share Analysis
16.3. Company Profiles
16.3.1. Altairnano
16.3.1.1. Company Overview
16.3.1.2. Product Overview
16.3.1.3. Financial Insights
16.3.1.4. Recent Developments
16.3.1.5. SWOT Analysis
16.3.2. Beijing Weilan New Energy Technology Co., Ltd.
16.3.3. BrightVolt Solid State Batteries
16.3.4. Cymbet
16.3.5. Hitachi Zosen Corporation
16.3.6. Ilika Ltd.
16.3.7. Ion Storage Systems
16.3.8. ITEN
16.3.9. Johnson Energy Storage, Inc.
16.3.10. Prieto Battery Inc
16.3.11. QuantumScape Corporation
Data Collection
Primary Research & Secondary Research
Bottom-Up Approach & Top-Down Approach
Market Analysis & Size Estimation
Quality Check & Final Review
By Product
• Portable
• Thin-Film
By Capacity
• Below 20 mAh
• 20 - 500 mAh
• Above 500 mAh
By Application
• Industrial
• Automotive
• Consumer Electronics
• Energy Storage
• Others
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