$483M Solid State Battery Market Outlook, 2027 - Surge in R&D Activities, Growing Demand for Electric Vehicles

DUBLIN, May 28, 2020 /PRNewswire/ -- The "Solid State Battery Market by Type (Single-Cell and Multi-Cell Battery), Rechargeability, Capacity, Application (Consumer Electronics, Electric Vehicles, Energy Harvesting, Medical Devices, Packaging, Wireless Sensors), Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global solid state battery market size is estimated to grow from USD 62 million in 2020 to USD 483 million by 2027; it is expected to grow at a CAGR of 34.2% from 2020 to 2027. The growth of this market is driven by the rising requirement of solid state batteries in electric vehicles, the increasing trend toward the miniaturization of consumer electronics, and growing R&D activities by major companies.

Growth of solid state battery industry is expected to be driven by growth in electric vehicles during forecast period.

The global solid state battery market for electric vehicles is expected to grow at a significant rate during the forecast period. Electric vehicles (EV) are anticipated to be one of the major segments for solid state batteries. Cost, safety, and driving range are a few of the major concerns associated with electric vehicles.

Over the past few years, manufacturers have had to work with the restraints of the conventional batteries composed of liquid- or gel-based electrolytes that overheat and cause explosions. Moreover, the liquid electrolyte in a battery requires many layers of packaging, which adds to the size and weight of the battery. Anticipating the tremendous growth of electric vehicles in the coming years, many major companies are developing solid state batteries to address the current problems of the market.

Solid state battery market in APAC to grow at highest CAGR during 2020-2027.

APAC is expected to witness the highest CAGR during the forecast period owing to the technological advancements in wearable devices and consumer electronics sectors in this region. The major wearable devices and consumer electronics manufacturers based in APAC, such as Samsung (South Korea), LG Electronics (South Korea), and Panasonic (Japan), are developing the next-generation flexible devices. These devices require power sources that are not only small but also have high power density to complement the product design; these requirements are fulfilled by thin-film batteries.

Moreover, the report profiles the key players in the solid state battery market and analyzes their market ranking. The prominent players in this market are Cymbet (US), Robert Bosch (Germany), Toyota Motor (Japan), Solid Power (US), Excellatron Solid State (US), and BrightVolt (US), among others.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 APAC Holds Huge Opportunities for Solid State Battery Market
4.2 Solid State Battery Market, by Type (2019-2027)
4.3 Solid State Battery Market, by Rechargeability
4.4 Solid State Battery Market, by Capacity
4.5 Solid State Battery Market, by Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Surge in Research and Development Activities Related to Solid State Batteries
5.2.1.2 Increase in Adoption of Solid State Batteries in Electric Vehicles
5.2.1.3 Extended Shelf Life of Solid State Batteries Than Conventional Batteries
5.2.1.4 Miniaturization of Electronic Devices
5.2.2 Restraints
5.2.2.1 High Cost of Solid State Batteries
5.2.2.2 Complicated Manufacturing Process of Solid State Batteries
5.2.3 Opportunities
5.2.3.1 Increase in Investments and Partnerships Among Automobile Companies and Solid State Battery Manufacturers
5.2.3.2 Surge in Demand for Electric Vehicles
5.2.3.3 Integration of Flexible and Lightweight Batteries in Wearable Devices
5.2.4 Challenges
5.2.4.1 Manufacturing Cost-Efficient Solid State Batteries
5.3 Impact of COVID-19 on Solid State Battery Market
5.4 Value Chain Analysis

6 Components of Solid State Battery
6.1 Introduction
6.2 Cathode
6.3 Anode
6.4 Solid Electrolyte
6.4.1 Polymer
6.4.2 Sulfide
6.4.3 Oxide
6.4.4 Pseudo Solid
6.4.5 Glass
6.5 Others

7 Solid State Battery Market, by Type
7.1 Introduction
7.2 Single-Cell Battery
7.2.1 Single-Cell Battery Technology is Well-Adopted in Medical Devices Application
7.3 Multi-Cell Battery
7.3.1 Multi-Cell Batteries Would Be Most Trending Battery Technology for Electric Vehicles Due to Their High Power Density

8 Solid State Battery Market, by Rechargeability
8.1 Introduction
8.2 Primary Battery
8.2.1 Primary Solid State Batteries Have Smaller Life Span
8.3 Secondary Battery
8.3.1 Secondary Solid State Batteries Have Immense Opportunities in Electric Vehicles

9 Solid State Market, by Capacity
9.1 Introduction
9.2 Battery Capacity: Below 20 Mah
9.2.1 Below 20 Mah Solid State Batteries Are Mostly Used in Wearables, Wireless Sensors, and Rfid Tags
9.3 Battery Capacity: Between 20 Mah and 500 Mah
9.3.1 Batteries of Capacity Range Between 20 Mah and 50 Mah Are Mostly Used in Energy Harvesting and Consumer Electronics Applications
9.4 Battery Capacity: Above 500 Mah
9.4.1 Solid State Batteries of Above 500 Mah Capacity Are Mostly Employed in Applications Requiring High Power

10 Solid State Battery Market, by Application
10.1 Introduction
10.2 Impact of Covid-19 on Applications Using Solid State Batteries
10.3 Consumer Electronics
10.3.1 Smartphones
10.3.1.1 Manufacturing Requirements in Smartphones Pose Opportunities for Solid State Batteries
10.3.2 Wearables
10.3.2.1 Growing Popularity of Wearables Poses Significant Scope for Solid State Batteries
10.4 Electric Vehicles
10.4.1 Portable Batteries Have Remarkable Growth Opportunities in Electric Vehicles
10.5 Medical Devices
10.5.1 Life Span of Solid State Batteries Supports Efficient Operations of Medical Devices
10.6 Energy Harvesting
10.6.1 Energy Harvesting Systems Could Largely Benefit from Longer Shelf Life of Solid State Batteries
10.7 Wireless Sensors
10.7.1 Internet of Things Technology Supports Employment of Solid State Batteries in Wireless Sensors
10.8 Packaging
10.8.1 Rfid Tags and Smart Labels Hold Potential for Solid State Batteries
10.9 Others

11 Solid State Battery Market, by Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.1.1 Prevalent R&D Activities by Major Players to Support Solid State Battery Market
11.2.2 Canada
11.2.2.1 Growing Deployment of Iot to Encourage Adoption of Solid State Batteries
11.2.3 Mexico
11.2.3.1 Mexico'S Energy Harvesting Application Holds Opportunities for Solid State Batteries
11.3 Europe
11.3.1 Germany
11.3.1.1 Germany Holds Significant Potential for Growth of Electrical Vehicles
11.3.2 UK
11.3.2.1 Uk to Witness Significant Growth in Solid State Battery Market During Forecast Period
11.3.3 France
11.3.3.1 France Expected to Be Major European Solid State Battery Market for Consumer Electronics and Wireless Sensors
11.3.4 Rest of Europe
11.4 APAC
11.4.1 China
11.4.1.1 Consumer Electronics and Electric Vehicles Expected to Boost Chinese Solid State Battery Market
11.4.2 Japan
11.4.2.1 Presence of Key Players Offering Solid State Batteries to Support Japanese Market
11.4.3 South Korea
11.4.3.1 Energy Harvesting Holds Potential for Solid State Batteries
11.4.4 India
11.4.4.1 India Has Potential to Propel Solid State Battery Market Growth
11.4.5 Rest of APAC
11.5 Row
11.5.1 Middle East & Africa
11.5.1.1 Middle East & Africa Expected to Have Significant Growth Potential for Thin-Film Batteries
11.5.2 South America
11.5.2.1 Brazil Holds Potential to Adopt Solid State Batteries

12 Competitive Landscape
12.1 Overview
12.2 Competitive Analysis
12.2.1 Market Ranking Analysis: Solid State Battery Market, 2019
12.3 Competitive Leadership Mapping, 2019
12.3.1 Visionary Leaders
12.3.2 Dynamic Differentiators
12.3.3 Innovators
12.3.4 Emerging Companies
12.4 Competitive Situations and Trends
12.4.1 Product Launches
12.4.2 Partnerships, Joint Ventures, and Agreements

13 Company Profiles
13.1 Key Players
13.1.1 Cymbet
13.1.2 Robert Bosch
13.1.3 Toyota Motor
13.1.4 Brightvolt
13.1.5 Excellatron Solid State
13.1.6 Blue Solutions
13.1.7 Solid Power
13.1.8 Quantumscape
13.1.9 Prologium Technology
13.1.10 Keracel
13.2 Right-To-Win
13.3 Other Players
13.3.1 Ilika
13.3.2 Samsung
13.3.3 Planar Energy Devices
13.3.4 Fisker
13.3.5 NGK Spark Plug
13.3.6 Gangfeng Lithium
13.3.7 Qing Tao Energy Development

For more information about this report visit https://www.researchandmarkets.com/r/3ckfo4

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