Solid state batteries are a new type of battery that uses solid electrolytes instead of liquid-based solutions to store energy. These batteries offer many advantages over traditional lithium-ion batteries including a lower risk of explosions, longer shelf life, and better safety features. All-solid state lithium ion batteries (ASS-LIBs) offer considerable promise in terms of clean energy and carbon neutrality. Moreover, solid-state batteries are much safer than liquid-chemistry batteries, so they're well-suited to the airborne transportation sector where safety is of the utmost importance. These batteries don't catch fire, so they're ideal for use in drones and other aerial vehicles, as well as in large passenger aircraft.

Market Dynamics:

Increasing demand for electric vehicles and increased government support is projected to boost the global solid state battery market growth during the forecast period. Moreover, companies are investing in research and development activities to develop solid state batteries that have less charging time and are compact in size. The rising investments for the use of these batteries in medical wearable devices and EVs will further propel the solid state battery market growth.

On the other hand, easy availability of low cost substitute is expected to hinder the market growth.

Key features of the study:

• This report provides in-depth analysis of the global solid state battery market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global solid state battery market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Solvay, Samsung SDI Co., Ltd., Cymbet Corporation, Panasonic Corporation, Saft, BrightVolt Inc., and Solid Power
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global solid state battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global solid state battery market

Detailed Segmentation:

• Global Solid State Battery Market, By Application
  • Consumer & Portable Electronics
  • Electric Vehicles
  • Energy Harvesting
  • Wearable & Medical Devices
  • Others
• Global Solid State Battery Market, By Capacity
  • Below 20mAh
  • 20mAh-500mAh
  • Above 500mAh
• Global Solid State Battery Market, By Battery Type
  • Thin Film Battery
  • Portable Battery
• Global Solid State Battery Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • Solvay
  • Samsung SDI Co., Ltd.
  • Cymbet Corporation
  • Panasonic Corporation
  • Saft, BrightVolt Inc.
  • Solid Power