According to Stratistics MRC, the Global Solid-State Car Battery Market is accounted for $1,171.22 units in 2020 and is expected to reach $178,154.59 units by 2028 growing at a CAGR of 87.4% during the forecast period. Some of the key factors propelling the market growth include growing trend toward the miniaturization of consumer electronics, higher energy density and better safety features, rising concern for larger distance commuting using EV’s, and increasing R&D activities by major companies. However, higher cost compared to conventional EV batteries is likely to hamper the market growth.
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On the basis of geography, Asia Pacific region is anticipated to have considerable market growth during the forecast period, owing to the current and upcoming EV policies, sturdy government support for the espousal of electric passenger vehicles in the region, discouraging the use of petrol, and top OEMs such as Toyota, Nissan, and Mitsubishi.
Some of the key players in Solid-State Car Battery Market include Renault Group, Quantumscape, Volkswagen Ag, Kia Motors, Toyota Motor Corporation, Mitsubishi Motors, Panasonic, Hyundai Group, LG Chem, Robert Bosch, Northvolt, General Motors, Samsung SDI, Ford Motor Company, Brightvolt, Prieto Battery, Ioniq Materials, and Stellantis N.V.
Propulsions Covered:
• Plug-In Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle (BEV)
Capacities Covered:
• Above 500 mAh
• Between 20 mAh and 500 mAh
• Below 20 mAh
Components Covered:
• Anode
• Cathode
• Electrolyte
Types Covered:
• Multi-Cell Battery
• Single-Cell Battery
Vehicle Types Covered:
• Commercial Vehicle
• Passenger Car
Rechargeabilities Covered:
• Secondary Battery
• Primary Battery
Battery Energy Densities Covered:
• >450 Wh/Kg
• <450 Wh/Kg
Applications Covered:
• Electric Vehicles
• Medical Devices
• Wireless Sensor
• Consumer Electronics
• Energy Harvesting
• Packaging
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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