Global Solid State Battery Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Thin-Film and Portable.

By Capacity;

Less than 20 MAH, Between 20 MAH and 500 MAH, and 500 MAH and Above.

By Application;

Consumer and Portable Electronics, Electric Vehicle, Energy Harvesting, Wearable and Medical Devices, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn110329515 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Solid State Battery Market (USD Million), 2021 - 2031

In the year 2024, the Global Solid State Battery Market was valued at USD 654.05 million. The size of this market is expected to increase to USD 5,599.50 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 35.9%.

The Global Solid State Battery Market is experiencing significant growth driven by advancements in technology, increasing demand for safer and more efficient energy storage solutions, and the proliferation of electric vehicles (EVs). Solid state batteries, which use solid electrolytes instead of liquid ones, offer numerous advantages over traditional lithium-ion batteries, including higher energy densities, faster charging times, and improved safety. These features make them particularly appealing for applications in EVs, consumer electronics, and renewable energy storage systems.

One of the key factors propelling the market is the rising adoption of electric vehicles. Governments worldwide are implementing stringent regulations to reduce carbon emissions, which has led to increased investment in EV technology. Solid state batteries, with their potential to offer longer driving ranges and shorter charging times, are becoming a focal point for automotive manufacturers. Companies like Toyota, BMW, and Volkswagen are investing heavily in solid state battery technology, aiming to bring these advanced batteries to the market in the near future.

In addition to the automotive sector, solid state batteries are gaining traction in consumer electronics and renewable energy storage. The high energy density and enhanced safety features make them suitable for smartphones, laptops, and wearable devices, addressing consumer demand for longer battery life and quicker charging. Furthermore, the growing need for efficient energy storage solutions to support the integration of renewable energy sources into the power grid is boosting the adoption of solid state batteries in grid storage applications. This broadening range of applications is expected to drive the market's growth over the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Capacity
    3. Market Snapshot, By Application

    4. Market Snapshot, By Region
  4. Global Solid State Battery Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Density
        2. Safety Improvements
        3. Electric Vehicles
      2. Restraints
        1. High cost
        2. Manufacturing complexity
        3. Material scarcity
      3. Opportunities
        1. Energy Density
        2. Electric Vehicles
        3. Renewable Integration
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Solid State Battery Market, By Type, 2021 - 2031 (USD Million)
      1. Thin-Film
      2. Portable
    2. Global Solid State Battery Market, By Capacity, 2021 - 2031 (USD Million)
      1. Less Than 20 MAH
      2. Between 20 mAh and 500 MAH
      3. 500 MAH and Above
    3. Global Solid State Battery Market, By Application, 2021 - 2031 (USD Million)
      1. Consumer and Portable Electronics
      2. Electric Vehicle
      3. Energy Harvesting
      4. Wearable
      5. Medical Devices
      6. Others
    4. Global Solid State Battery Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. CYMBET CORPORATION
      2. ROBERT BOSCH GMBH
      3. STMICROELECTRONICS N.V.
      4. DYSON LTD.
      5. BRIGHTVOLT INC.
  7. Analyst Views
  8. Future Outlook of the Market