Solid-State Battery Market worth $1.77 billion by 2031 - Exclusive Report by MarketsandMarkets™

DELRAY BEACH, Fla., July 28, 2025 /PRNewswire/ -- The global solid-state battery market is projected to grow from USD 0.26 billion in 2025 to USD 1.77 billion by 2031, at a CAGR of 37.5% according to a new report by MarketsandMarkets™. Demand for electric vehicles, renewable energy storage, and portable electronics fuels interest in solid-state batteries. These batteries offer higher energy density, enhanced safety, and longer lifespan than conventional lithium-ion batteries, making them a game-changer across automotive, consumer, and industrial applications. Their solid electrolyte eliminates leakage and thermal runaway risks, making them ideal for next-generation EVs, aerospace, and medical devices. The push for sustainable mobility and stricter safety standards accelerates R&D. At the same time, breakthroughs in manufacturing processes and material scalability help overcome commercialization barriers, positioning solid-state batteries as a key enabler of the future energy ecosystem.

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Browse in-depth TOC on "Solid-State Battery Market" 

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Solid-State Battery Market Report Scope:

Primary segment is likely to hold a significant share of the solid-state battery market in 2025

Primary or single-use solid-state batteries are non-rechargeable batteries discarded once used. These batteries are prominently built-in devices where recharging the battery is not possible or not feasible, for instance, in medicine patches, which are used to slowly release medicine from the patch into the patient's body, RFID labels, and small wireless sensors. Additionally, these batteries are disposable and less hazardous as they do not contain cadmium, lead, and mercury, which are hazardous to the environment and human health. Primary solid-state batteries are witnessing increasing applications in smart packaging, smart cards, biomedical implants, and medical and cosmetic patches, as they have a lower self-discharge time than rechargeable solid-state batteries. Sensors used in smart packaging and medical and cosmetic patches require a disposable, single-use power source. Furthermore, the increasing adoption of body implants and medical and cosmetic patches is expected to drive the primary solid-state battery market for medical devices during the forecast period.

Wireless sensors segment to grow at an impressive CAGR during the forecast period

Wireless communication devices, such as wireless speakers, mouse, keyboards, Bluetooth headsets, wireless handheld devices, wireless sensors, and the Internet of Things (IoT) devices, have gained immense popularity over the past decade. These devices have limited internal space. Hence, the power source has always been a factor of concern for manufacturers. As such, the market for wireless sensors is expected to grow significantly. The demand for compact and high-energy-density batteries, such as solid-state batteries, is also anticipated to grow. Furthermore, wireless sensors are used to monitor industrial processes, such as temperature, pressure, and flow rate, and are also used in many other sectors, such as medical and packaging. They are often used in harsh environments where lithium-ion batteries are not suitable or safe. Solid-state batteries offer the potential to extend the battery life of these sensors and also make them safer.

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North America is positioned to retain a major market share in 2031

North America is expected to hold a significant share of the solid-state battery industry in 2031. The solid-state battery market in this region has been further segmented into the US, Canada, and Mexico. Several companies and institutes based in the region are conducting intensive R&D activities to test and develop the potential of the solid-state battery and explore new application areas. The US is one of the major contributors to the North American solid-state battery market. A few key players in the solid-state battery market in North America are Solid Power (US), Sakuu Corporation (US), QuantumScape (US), and Excellatron (US). The demand for solid-state batteries is growing in North America due to their applications as a power source for electric vehicles (EVs). Tesla, Inc. (US), Ford Motor Company (US), General Motors (US), Rivian LLC (US), and Volkswagen AG (Germany) are a few key players operating in the North American EV market.

Major companies operating in the solid-state battery companies are Blue Solutions (France), Solid Power, Inc.  (US), ProLogium Technology Co, Ltd. (Taiwan), Ilika (UK), and Factorial Energy (US).

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