Solid state battery is a technology, which uses both solid electrodes and solid electrolytes. It is a perfect alternative for traditional lithium-ion battery. It is relatively smaller and less price as compared to present liquid-based lithium-ion batteries. Also, the present lithium-ion batteries are flammable and cause a lot of heat. Getting rid of the liquid electrolytes used present day lithium-ion batteries lead to higher energy density, quicker charging times and lesser requirement for battery cooling. The requirement for efficient batteries and rising consumer electronics market are the key drivers alluring investment in solid state batteries market. The solid state batteries are safe devices when compared to traditional batteries as inflammable liquid electrolyte is not used in these batteries. The automobile companies are also majorly investing amounts in efficient solid state batteries for the electric vehicles produced by them. Moreover, the decreasing cost of electric vehicles coupled with rising purchasing power of consumers will further fuel the solid state battery market share. In addition, enforcement of stringent government regulations concerning carbon emissions across transportation sector will favor the solid state battery market growth. The smartphone industry is a significant end-user of solid state batteries and the market for these batteries is projected to further grow due to the development in wireless technologies. Moreover, the rapidly growing consumer electronics and sensor market is the key market for solid state batteries. These end-user industries need high performing and durable batteries for effective performance of their systems. The solid state batteries are used in a wide range of wireless applications. These batteries have also been used in a wide array of energy storage applications. The market for solid state batteries is projected to grow at a considerable rate in future due to rising requirement of efficient batteries from the consumer electronics segment. It is anticipated that most of the manufacturing companies in this industry are putting efforts towards large scale commercialization of solid state batteries. However, the high price of these batteries compared to traditional batteries which is a key restraint for the growth of this market.

Furthermore, the rapid technological advancements along with continuous innovations toward product design and development to be used among applications such as consumer electronics and bulk energy storage systems will stimulate solid state battery market. Rapidly increasing investments pertaining to the deployment of electric vehicles will offer immense opportunities to the leading industry players for inorganic growth ventures and large-scale research and development activities. Besides that, the integration of flexible and lightweight batteries in wearable devices will create lucrative opportunities for the solid state battery market.

The global Solid State Battery Market is segregated on the basis of Type as Single-cell Battery and Multi-cell Battery. Based on Rechargeability the global Solid State Battery Market is segmented in Primary Battery and Secondary Battery. Based on Capacity the global Solid State Battery Market is segmented in Below 20 mAh, Between 20 mAh and 500 mAh and Above 500 mAh. Based on Application the global Solid State Battery Market is segmented in Consumer Electronics, Electric Vehicles, Energy Harvesting, Medical Devices, Packaging, Wireless Sensors and Others.

The global Solid State Battery Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Solid State Battery Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Cymbet, Robert Bosch GmbH, Stmicroelectronics, Toyota Motor Corporation, Sakti3 and others are among the major players in the global Solid State Battery Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In February 2020, the Toyota Motor and Panasonic (Japan) declared a joint venture named Prime Planet Energy and Solutions, a joint venture which majorly emphasizes on designing and developing advanced batteries for electric vehicles.
• In June 2019, Cymbet introduced the next-generation power management with RTC (PMRTC) product family. This new PMRTC product family supports charging voltage for a wide range of backup power sources—EnerChip, rechargeable coin cells, and supercapacitors.
• In April 2019, Ford Motor Company (US) made a partnership with Solid Power to design all-solid-state batteries (ASSB) for electric vehicles with an aim of specific automotive needs.

The global Solid State Battery Market has been segmented as below:

Solid State Battery Market, By Type

• Single-cell Battery
• Multi-cell Battery

Solid State Battery Market, By Rechargeability

• Primary Battery
• Secondary Battery

Solid State Battery Market, By Capacity

• Below 20 mAh
• Between 20 mAh and 500 mAh
• Above 500 mAh

Solid State Battery Market, By Application

• Consumer Electronics
• Electric Vehicles
• Energy Harvesting
• Medical Devices
• Packaging
• Wireless Sensors
• Others

Solid State Battery Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Solid State Battery Market, By Company

• Cymbet
• Robert Bosch GmbH
• Stmicroelectronics
• Toyota Motor Corporation
• Sakti3
• Brightvolt, Inc.
• Excellatron
• AT&T Intellectual Property
• Infinite Power Solution
• Whoop Wireless
• Planar Energy
• Huber+Suhner
• BTI Wireless
• Bird
• Boingo Wireless Inc.
• Dali Wireless
• Comba Telecom Systems Holdings Ltd.
• Commscope
• Solid Power
• Connectivity Wireless
• Betacom Incorporated
• Galtronics
• Advanced RF Technologies Inc

The report covers the below scope:

• Global Solid State Battery Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Solid State Battery Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Solid State Battery Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Solid State Battery Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Solid State Battery Market share. Major industry players with significant revenue share include Cymbet, Robert Bosch GmbH, Stmicroelectronics, Toyota Motor Corporation, Sakti3, Brightvolt, Inc., Excellatron and others.

Why to Buy this Report:

• Gain detailed insights on the Solid State Battery industry trends
• Find complete analysis on the market status
• Identify the Solid State Battery Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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