全固体電池市場 : 2030年までの世界予測

Report Overview

The global solid-state battery market size is expected to grow from USD 85 million in 2023 to USD 963 million by 2030, at a CAGR of 41.5% from 2023 to 2030. Electric vehicles require batteries that are better than conventional batteries in terms of energy density and safety. This has led to a rise in the demand for solid-state batteries in electric vehicles. Solid-state batteries use solid electrolytes, which are safe for use owing to the lack of flammable materials in them. They eliminate the requirement of cooling and can increase their energy density. Solid-state batteries can offer high energy and have extended shelf life.

“Primary battery segment is projected to grow at significant CAGR during the forecast period.”
Primary solid-state batteries find applications in smart consumer devices, medical devices such as skin patches, and wireless sensors used in several IoT devices. In addition, there is a growing demand for such batteries owing to the growing trend of the Internet of Things (IoT), 5G telecommunications, and artificial intelligence (AI) across industries such as consumer electronics and healthcare. These applications are expected to drive the demand for primary batteries from 2023 to 2030.

“Below 20 mAh capacity segment is projected to grow at an impressive CAGR during the forecast period.”
Below 20 mAh batteries are designed to deliver relatively low energy output, making them suitable for applications that require minimal power consumption. Solid-state batteries below 20 mAh are tailored explicitly for low-power applications, such as packaging applications like RFID tags and smart labels, smart cards, and medical or cosmetic patches. These devices require compact, low-power batteries that fit within their limited space. The increasing adoption of compact batteries in various applications is expected to drive the growth of the below 20 mAh segment.

“Wireless Sensors application is expected to hold a significant market share during the forecast period.”
Wireless devices such as wireless speakers, mice, 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 the manufacturers. The advantage of the solid-state battery is their compact size and high energy density, which makes them easy to integrate into wireless sensors. In addition to this, manufacturers also stack these batteries one over the other to increase the voltage range. As such, the market for wireless sensors is expected to grow significantly.

“The market in Europe is expected to grow at a significant CAGR during the forecast period.”
Major applications of the solid-state battery market in Europe include packaging, consumer electronics, electric vehicles, and medical devices. The packaging industry in Europe is witnessing a shift toward more visibility and intensive data collection for the manufacturers, as well as more hygiene and convenience for the end users. This drives the manufacturers to use displays, RFID tags, and smart labels in their packages, wherein the compact battery is integrated as a power source. The European Commission has extended its support to technologies such as the Internet of Things (IoT) and cloud computing in wireless applications, which demand thin and flexible power sources. These requirements are expected to increase the demand for solid-state batteries in Europe.

Breakdown of the profiles of primary participants:
• By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
• By Designation: C-level Executives – 45%, Directors – 35%, and Others – 20%
• By Region: North America – 40%, Europe – 20%, Asia Pacific – 30%, and RoW – 10%
Major players profiled in this report are as follows: Blue Solutions (France), Ilika (UK), Solid Power (US), QuantumScape (US), ProLogium Technology Co., Ltd. (Taiwan), BrightVolt (US), Excellatron (US), Sakuu Corporation (US), and Hitachi Zosen Corporation (Japan) and others.

Research Coverage
The solid-state battery market has been classified by component, type, capacity, battery type, application, and region. The market by component has been classified into cathode, anode, solid electrolytes, and others. By type, the market has been segmented into single-cell battery and multi-cell battery. The capacity segment market is divided into below 20 mAh, 20 mAh-500 mAh, and above 500 mAh. The market has been divided into primary and secondary batteries by battery type segment. Furthermore, the application segment includes consumer electronics, electric vehicles, medical devices, energy harvesting, wireless sensors, packaging, and others. The study also forecasts the market size in four key regions—North America, Europe, Asia Pacific, and RoW.

Key Benefits of Buying the Report:
The report provides insights on the following pointers:
 Analysis of key drivers (Rising research & development activities to overcome solid-state battery limitations, Longer shelf life over traditional batteries, Rising demand for miniaturized electronic devices), restraints (Complex manufacturing processes), opportunities (Rising investments by solid-state battery companies, Rising demand for electric vehicles, Rising healthcare investment), and challenges (High cost of fabrication of cells) influencing the growth of the solid-state battery market
Product Development/Innovation: Detailed insights on new products, technologies, research & development activities, funding activities, industry partnerships, and new product launches in the solid-state battery market
Market Development: Comprehensive information about lucrative markets – the report analyses the solid-state battery market across regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Market Diversification: Exhaustive information about new products & technologies, untapped geographies, recent developments, and investments in the solid-state battery market
Competitive Assessment: In-depth assessment of the market position, growth strategies, and product offerings of leading players like Blue Solutions (France), QuantumScape (US), ProLogium Technology Co, Ltd. (Taiwan), Hitachi Zosen Corporation (Japan), among others in the solid-state battery market
Strategies: The report also helps stakeholders understand the pulse of the solid-state battery market and provides information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1            INTRODUCTION            27

1.1         STUDY OBJECTIVES      27

1.2         MARKET DEFINITION   27

1.3         STUDY SCOPE  28

FIGURE 1           SOLID-STATE BATTERY MARKET SEGMENTATION        28

1.3.1      REGIONAL SCOPE         28

FIGURE 2           SOLID-STATE BATTERY MARKET: REGIONS COVERED 28

1.3.2      INCLUSIONS AND EXCLUSIONS 29

1.3.3      YEARS CONSIDERED     30

1.3.4      CURRENCY CONSIDERED          30

1.4         LIMITATIONS   30

1.5         STAKEHOLDERS            31

1.6         SUMMARY OF CHANGES            31

1.7         RECESSION IMPACT      32

2            RESEARCH METHODOLOGY     33

2.1         RESEARCH DATA           33

FIGURE 3           SOLID-STATE BATTERY MARKET: RESEARCH DESIGN   33

2.1.1      SECONDARY AND PRIMARY RESEARCH 34

FIGURE 4           SOLID-STATE BATTERY MARKET: RESEARCH APPROACH              34

2.1.2      SECONDARY DATA       35

2.1.2.1   List of major secondary sources       35

2.1.2.2   Key data from secondary sources     36

2.1.3      PRIMARY DATA 36

2.1.3.1   Participants and key opinion leaders for primary interviews       37

2.1.3.2   Key data from primary sources         37

2.1.3.3   Key industry insights          38

2.1.3.4   Breakdown of primaries     38

2.2         MARKET SIZE ESTIMATION METHODOLOGY    39

2.2.1      BOTTOM-UP APPROACH           39

2.2.1.1   Approach to derive market size using bottom-up analysis

(demand side)     39

FIGURE 5           SOLID-STATE BATTERY MARKET: BOTTOM-UP APPROACH              40

2.2.2      TOP-DOWN APPROACH             40

2.2.2.1   Approach to derive market size using top-down analysis (supply side)     40

FIGURE 6           SOLID-STATE BATTERY MARKET: TOP-DOWN APPROACH              41

FIGURE 7           SOLID-STATE BATTERY MARKET: MARKET SIZE ESTIMATION METHODOLOGY           41

2.3         MARKET BREAKDOWN AND DATA TRIANGULATION    42

FIGURE 8           DATA TRIANGULATION             42

2.4         RESEARCH ASSUMPTIONS         43

TABLE 1             ASSUMPTIONS 43

2.5         APPROACH TO ANALYZE RECESSION IMPACT ON SOLID-STATE BATTERY MARKET        44

2.6         RISK ASSESSMENT         44

TABLE 2             RISK ASSESSMENT         44

3            EXECUTIVE SUMMARY 45

FIGURE 9           SOLID-STATE BATTERY MARKET, 2019–2030 (USD MILLION)              45

FIGURE 10         SECONDARY SEGMENT TO EXHIBIT HIGHER CAGR FROM 2023 TO 2030              46

FIGURE 11         BELOW 20 MAH SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023 46

FIGURE 12         CONSUMER ELECTRONICS SEGMENT TO DEPICT HIGHEST CAGR BETWEEN 2023 AND 2030 47

FIGURE 13         ASIA PACIFIC TO REGISTER HIGHEST CAGR IN SOLID-STATE BATTERY MARKET DURING FORECAST PERIOD             47

4            PREMIUM INSIGHTS      49

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SOLID-STATE BATTERY MARKET        49

FIGURE 14         INCREASING PARTNERSHIPS BETWEEN SOLID-STATE BATTERY MANUFACTURING COMPANIES         49

4.2         SOLID-STATE BATTERY MARKET, BY CAPACITY             49

FIGURE 15         ABOVE 500 MAH SEGMENT TO HOLD LARGEST MARKET SHARE IN 2030  49

4.3         SOLID-STATE BATTERY MARKET, BY APPLICATION      50

FIGURE 16         ELECTRIC VEHICLES SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SOLID-STATE BATTERY MARKET IN 2030      50

4.4         NORTH AMERICAN SOLID-STATE BATTERY MARKET, BY BATTERY TYPE AND COUNTRY    50

FIGURE 17         SECONDARY SEGMENT AND US TO HOLD LARGEST SHARES OF NORTH AMERICAN SOLID-STATE BATTERY MARKET IN 2030            50

4.5         SOLID-STATE BATTERY MARKET, BY COUNTRY             51

FIGURE 18         CHINA TO EXHIBIT HIGHEST CAGR IN SOLID-STATE BATTERY MARKET FROM 2023 TO 2030     51

5            MARKET OVERVIEW     52

5.1         INTRODUCTION            52

5.2         MARKET DYNAMICS     52

FIGURE 19         SOLID-STATE BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    52

5.2.1      DRIVERS            53

5.2.1.1   Increasing research and development (R&D) by solid-state battery manufacturers              53

5.2.1.2   Rising demand for electric vehicles  53

FIGURE 20         GLOBAL BATTERY ELECTRIC VEHICLE (BEV) SALES, 2017–2022              54

5.2.1.3   Benefits of solid-state batteries over traditional batteries           54

FIGURE 21         SOLID-STATE BATTERY MARKET: IMPACT ANALYSIS OF DRIVERS            55

5.2.2      RESTRAINTS     55

5.2.2.1   High solid-state battery manufacturing cost   55

FIGURE 22         SOLID-STATE BATTERY MARKET: IMPACT ANALYSIS OF RESTRAINTS     55

5.2.3      OPPORTUNITIES           56

5.2.3.1   Increasing R&D investments and partnerships between solid-state battery manufacturers and automobile companies     56

5.2.3.2   Rising demand for compact batteries in consumer electronics industry     56

5.2.3.3   Advancements in medical devices equipped with solid-state batteries      56

FIGURE 23         SOLID-STATE BATTERY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES           57

5.2.4      CHALLENGES   57

5.2.4.1   Complex manufacturing process of solid-state batteries             57

FIGURE 24         SOLID-STATE BATTERY MARKET: IMPACT ANALYSIS OF CHALLENGES   57

5.3         SUPPLY CHAIN ANALYSIS          58

FIGURE 25         SOLID-STATE BATTERY MARKET: SUPPLY CHAIN ANALYSIS              58

5.4         ECOSYSTEM ANALYSIS 59

FIGURE 26         SOLID-STATE BATTERY MARKET: ECOSYSTEM ANALYSIS              59

TABLE 3             PARTICIPANTS AND THEIR ROLE IN SOLID-STATE BATTERY ECOSYSTEM     60

5.5         PRICING ANALYSIS        61

5.5.1      AVERAGE SELLING PRICE (ASP) TREND OF LITHIUM-ION BATTERIES              61

FIGURE 27         AVERAGE SELLING PRICE (ASP) OF LITHIUM-ION BATTERIES, 2013–2022          61

5.5.2      AVERAGE SELLING PRICE (ASP) TREND OF SOLID-STATE BATTERIES              62

TABLE 4             AVERAGE SELLING PRICE (ASP) OF SOLID-STATE BATTERIES              62

5.5.3      AVERAGE SELLING PRICE (ASP) TREND, BY REGION      62

TABLE 5             AVERAGE SELLING PRICE (ASP) OF SOLID-STATE BATTERIES, BY REGION        62

5.6         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 63

FIGURE 28         REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN SOLID-STATE BATTERY MARKET      63

5.7         TECHNOLOGY ANALYSIS           63

5.7.1      LITHIUM-SILICON BATTERIES  63

5.7.2      ZINC-MANGANESE BATTERIES 63

5.7.3      SODIUM-SULFUR BATTERIES   64

5.7.4      SOLID-STATE BATTERIES          64

5.7.5      METAL-AIR BATTERIES 64

5.7.6      LIQUID-METAL BATTERIES       64

5.7.7      POTASSIUM METAL BATTERIES             65

5.7.8      VANADIUM FLOW BATTERIES  65

5.8         PORTER’S FIVE FORCES ANALYSIS         65

TABLE 6             IMPACT OF PORTER’S FIVE FORCES ON SOLID-STATE BATTERY MARKET        65

FIGURE 29         SOLID-STATE BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS          66

5.8.1      BARGAINING POWER OF SUPPLIERS     66

5.8.2      BARGAINING POWER OF BUYERS           66

5.8.3      THREAT OF NEW ENTRANTS    67

5.8.4      THREAT OF SUBSTITUTES         67

5.8.5      INTENSITY OF COMPETITIVE RIVALRY 67

5.9         KEY STAKEHOLDERS AND BUYING CRITERIA    67

5.9.1      KEY STAKEHOLDERS IN BUYING PROCESS         67

FIGURE 30         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS      67

TABLE 7             INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)             68

5.9.2      BUYING CRITERIA         68

FIGURE 31         KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS              68

TABLE 8             KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS              68

5.10       CASE STUDY ANALYSIS 69

5.10.1    ILIKA PARTNERED WITH CONNECT 2 CONNECT LTD. (C2C) TO DEVELOP SOLID-STATE BATTERY PRODUCTION CLEANROOM             69

5.10.2    IAAPS LTD. ANALYZED COMMERCIAL VIABILITY OF SOLID-STATE BATTERIES IN AUTOMOBILE APPLICATIONS    69

5.10.3    RESEARCH TEAM OF GEORGIA INSTITUTE OF TECHNOLOGY (GATECH) DEVELOPED CERAMIC ELECTROLYTES TO REDUCE BATTERY COST    70

5.10.4    SAMSUNG ELECTRONICS TESTED USE OF SILVER-CARBON COMPOSITE TO TACKLE DENDRITE FORMATION IN SOLID-STATE BATTERIES              70

5.11       TRADE ANALYSIS          71

5.11.1    IMPORT SCENARIO       71

FIGURE 32         IMPORT VALUE OF LITHIUM CELLS AND BATTERIES, BY COUNTRY, 2018–2022 (USD MILLION)    71

5.11.2    EXPORT SCENARIO       71

FIGURE 33         EXPORT VALUE OF LITHIUM CELLS AND BATTERIES, BY COUNTRY, 2018–2022 (USD MILLION)    71

5.12       PATENT ANALYSIS        72

FIGURE 34         TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS          72

TABLE 9             TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS          72

FIGURE 35         NUMBER OF PATENTS GRANTED PER YEAR, 2013–2022 73

TABLE 10           SOLID-STATE BATTERY MARKET: LIST OF PATENTS, 2021–2023              73

5.13       KEY CONFERENCES AND EVENTS, 2023–2024     74

TABLE 11           SOLID-STATE BATTERY MARKET: LIST OF CONFERENCES AND EVENTS             74

5.14       STANDARDS AND REGULATORY LANDSCAPE   75

5.14.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          75

TABLE 12           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         75

TABLE 13           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         76

TABLE 14           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         76

TABLE 15           ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         77

5.14.2    STANDARDS     78

TABLE 16           SOLID-STATE BATTERY MARKET: STANDARDS 78

6            KEY COMPONENTS OF SOLID-STATE BATTERIES          79

6.1         INTRODUCTION            79

FIGURE 36         SHARE OF KEY COMPONENTS IN SOLID-STATE BATTERY MARKET (%)     79

6.2         ELECTRODES   79

6.2.1      ANODES            79

6.2.1.1   High electric conductivity of carbon-based anode materials to boost demand              79

6.2.2      CATHODES       80

6.2.2.1   Use of cathode active materials in solid-state batteries to offer high safety and power to drive market        80

6.3         SOLID ELECTROLYTES 80

6.3.1      SOLID POLYMERS         81

6.3.1.1   Adoption of polyethylene oxide-based solid-state polymer electrolytes with high mechanical stability to boost segmental growth            81

6.3.2      INORGANIC ELECTROLYTES     81

6.3.2.1   Utilization of inorganic electrolytes to exhibit high ionic conductivity to contribute to market growth 81

6.3.2.1.1 Oxides   81

6.3.2.1.2 Sulfides  81

6.3.2.1.3 Glass-based inorganic electrolytes   82

6.3.2.1.4 Pseudo solid electrolytes    82

6.3.3      COMPOSITE ELECTROLYTES    83

6.3.3.1   Reliance on composite electrolytes with superior physical and chemical properties to drive market    83

6.4         OTHER COMPONENTS 83

7            SOLID-STATE BATTERY MARKET, BY TYPE        84

7.1         INTRODUCTION            85

FIGURE 37         SOLID-STATE BATTERY MARKET, BY TYPE        85

FIGURE 38         MULTI-CELL SEGMENT TO DEPICT HIGHER CAGR DURING FORECAST PERIOD       85

TABLE 17           SOLID-STATE BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)          86

TABLE 18           SOLID-STATE BATTERY MARKET, BY TYPE, 2023–2030 (USD MILLION)          86

7.2         SINGLE-CELL   86

7.2.1      INCREASING USE OF COMPACT BATTERIES IN MEDICAL DEVICES TO ACCELERATE SEGMENTAL GROWTH    86

7.3         MULTI-CELL     87

7.3.1      RISING FOCUS ON BATTERY DEVELOPMENT FOR ELECTRIC VEHICLES TO CONTRIBUTE TO SEGMENTAL GROWTH    87

8            SOLID-STATE BATTERY MARKET, BY CAPACITY             88

8.1         INTRODUCTION            89

FIGURE 39         SOLID-STATE BATTERY MARKET, BY CAPACITY             89

FIGURE 40         ABOVE 500 MAH CAPACITY SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD        89

TABLE 19           SOLID-STATE BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION) 90

TABLE 20           SOLID-STATE BATTERY MARKET, BY CAPACITY, 2023–2030 (USD MILLION) 90

8.2         BELOW 20 MAH 90

8.2.1      DEMAND FOR LOW-POWER BATTERIES IN SMALL AND COMPACT DEVICES TO DRIVE MARKET     90

TABLE 21           BELOW 20 MAH: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)           91

TABLE 22           BELOW 20 MAH: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2023–2030 (USD MILLION)           91

8.3         20–500 MAH       92

8.3.1      RISING POPULARITY OF WEARABLE AND IOT DEVICES TO FUEL MARKET GROWTH        92

TABLE 23           20–500 MAH: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)           92

TABLE 24           20–500 MAH: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2023–2030 (USD MILLION)           93

8.4         ABOVE 500 MAH             93

8.4.1      GROWING DEMAND FOR ELECTRIC VEHICLES TO FOSTER SEGMENTAL GROWTH 93

TABLE 25           ABOVE 500 MAH: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)           94

TABLE 26           ABOVE 500 MAH: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2023–2030 (USD MILLION)           94

9            SOLID-STATE BATTERY MARKET, BY BATTERY TYPE    95

9.1         INTRODUCTION            96

FIGURE 41         SOLID-STATE BATTERY MARKET, BY BATTERY TYPE    96

FIGURE 42         SECONDARY SEGMENT TO DISPLAY HIGHER CAGR FROM 2023 TO 2030              96

TABLE 27           SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)     96

TABLE 28           SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)     97

9.2         PRIMARY           97

9.2.1      INCREASING ADOPTION OF BODY IMPLANTS AND MEDICAL AND COSMETIC PATCHES TO DRIVE DEMAND          97

TABLE 29           PRIMARY: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)          97

TABLE 30           PRIMARY: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2023–2030 (USD MILLION)          98

TABLE 31           PRIMARY: SOLID-STATE BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)     98

TABLE 32           PRIMARY: SOLID-STATE BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)     98

9.3         SECONDARY     99

9.3.1      GROWING DEMAND FOR HIGH ENERGY DENSITY BATTERIES IN ELECTRIC VEHICLES TO FUEL MARKET GROWTH         99

TABLE 33           SECONDARY: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)           99

TABLE 34           SECONDARY: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2023–2030 (USD MILLION)           100

TABLE 35           SECONDARY: SOLID-STATE BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)          100

TABLE 36           SECONDARY: SOLID-STATE BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)          100

10          SOLID-STATE BATTERY MARKET, BY APPLICATION      101

10.1       INTRODUCTION            102

FIGURE 43         SOLID-STATE BATTERY MARKET, BY APPLICATION      102

FIGURE 44         ELECTRIC VEHICLES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 103

TABLE 37           SOLID-STATE BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 103

TABLE 38           SOLID-STATE BATTERY MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 104

10.2       CONSUMER ELECTRONICS        104

10.2.1    SMARTPHONES 104

10.2.1.1 High resistance of solid-state batteries than lithium-ion counterparts to boost adoption in smartphones    104

10.2.2    WEARABLES     105

10.2.2.1 Growing popularity of lightweight wearable consumer electronics to fuel segmental growth 105

10.2.3    OTHER CONSUMER ELECTRONICS        105

TABLE 39           CONSUMER ELECTRONICS: SOLID-STATE BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)            105

TABLE 40           CONSUMER ELECTRONICS: SOLID-STATE BATTERY MARKET, BY CAPACITY, 2023–2030 (USD MILLION)            105

TABLE 41           CONSUMER ELECTRONICS: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)   106

TABLE 42           CONSUMER ELECTRONICS: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)   106

TABLE 43           CONSUMER ELECTRONICS: SOLID-STATE BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)  106

TABLE 44           CONSUMER ELECTRONICS: SOLID-STATE BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)  107

10.3       ELECTRIC VEHICLES     107

10.3.1    RISING FOCUS ON DEVELOPING LIGHTWEIGHT AND COMPACT BATTERIES FOR ELECTRIC VEHICLES TO PROPEL MARKET       107

TABLE 45           ELECTRIC VEHICLES: SOLID-STATE BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)   108

TABLE 46           ELECTRIC VEHICLES: SOLID-STATE BATTERY MARKET, BY CAPACITY, 2023–2030 (USD MILLION)   108

TABLE 47           ELECTRIC VEHICLES: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)         108

TABLE 48           ELECTRIC VEHICLES: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)         108

TABLE 49           ELECTRIC VEHICLES: SOLID-STATE BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)       109

TABLE 50           ELECTRIC VEHICLES: SOLID-STATE BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)       109

10.4       MEDICAL DEVICES        109

10.4.1    INCREASING TREND OF MINIATURIZED MEDICAL DEVICES TO BOOST ADOPTION OF SOLID-STATE BATTERIES           109

TABLE 51           MEDICAL DEVICES: SOLID-STATE BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)   110

TABLE 52           MEDICAL DEVICES: SOLID-STATE BATTERY MARKET, BY CAPACITY, 2023–2030 (USD MILLION)   110

TABLE 53           MEDICAL DEVICES: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)         110

TABLE 54           MEDICAL DEVICES: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)         110

TABLE 55           MEDICAL DEVICES: SOLID-STATE BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)       111

TABLE 56           MEDICAL DEVICES: SOLID-STATE BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)       111

10.5       ENERGY HARVESTING  111

10.5.1    RISING ADOPTION OF SOLID-STATE BATTERIES TO INCREASE SHELF-LIFE OF ENERGY HARVESTING DEVICES TO ACCELERATE SEGMENTAL GROWTH          111

TABLE 57           ENERGY HARVESTING: SOLID-STATE BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)   112

TABLE 58           ENERGY HARVESTING: SOLID-STATE BATTERY MARKET, BY CAPACITY, 2023–2030 (USD MILLION)   112

TABLE 59           ENERGY HARVESTING: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)         112

TABLE 60           ENERGY HARVESTING: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)         112

TABLE 61           ENERGY HARVESTING: SOLID-STATE BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)       113

TABLE 62           ENERGY HARVESTING: SOLID-STATE BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)       113

10.6       WIRELESS SENSORS      113

10.6.1    RAPID TRANSFORMATION OF DIGITAL COMMUNICATION TECHNOLOGIES TO DRIVE SEGMENTAL GROWTH        113

TABLE 63           WIRELESS SENSORS: SOLID-STATE BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)   114

TABLE 64           WIRELESS SENSORS: SOLID-STATE BATTERY MARKET, BY CAPACITY, 2023–2030 (USD MILLION)   114

TABLE 65           WIRELESS SENSORS: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)         114

TABLE 66           WIRELESS SENSORS: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)         115

TABLE 67           WIRELESS SENSORS: SOLID-STATE BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)       115

TABLE 68           WIRELESS SENSORS: SOLID-STATE BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)       115

10.7       PACKAGING     116

10.7.1    SHIFT TOWARD RFID TAGS TO KEEP TRACK OF LIVESTOCK AND PRODUCTS VIA SMART LABELS TO CONTRIBUTE TO SEGMENTAL GROWTH              116

TABLE 69           PACKAGING: SOLID-STATE BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)          116

TABLE 70           PACKAGING: SOLID-STATE BATTERY MARKET, BY CAPACITY, 2023–2030 (USD MILLION)          116

TABLE 71           PACKAGING: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)             117

TABLE 72           PACKAGING: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)             117

TABLE 73           PACKAGING: SOLID-STATE BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)          117

TABLE 74           PACKAGING: SOLID-STATE BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)          117

10.8       OTHER APPLICATIONS 118

TABLE 75           OTHER APPLICATIONS: SOLID-STATE BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)   118

TABLE 76           OTHER APPLICATIONS: SOLID-STATE BATTERY MARKET, BY CAPACITY, 2023–2030 (USD MILLION)   118

TABLE 77           OTHER APPLICATIONS: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)         118

TABLE 78           OTHER APPLICATIONS: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)         119

TABLE 79           OTHER APPLICATIONS: SOLID-STATE BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)       119

TABLE 80           OTHER APPLICATIONS: SOLID-STATE BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)       119

11          SOLID-STATE BATTERY MARKET, BY REGION   120

11.1       INTRODUCTION            121

FIGURE 45         SOLID-STATE BATTERY MARKET, BY REGION   121

FIGURE 46         SOLID-STATE BATTERY MARKET IN CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD    122

TABLE 81           SOLID-STATE BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)          122

TABLE 82           SOLID-STATE BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)          122

11.2       NORTH AMERICA          123

11.2.1    IMPACT OF RECESSION ON MARKET IN NORTH AMERICA         123

FIGURE 47         NORTH AMERICA: SOLID-STATE BATTERY MARKET SNAPSHOT        124

FIGURE 48         US TO DOMINATE NORTH AMERICAN SOLID-STATE BATTERY MARKET DURING FORECAST PERIOD   125

TABLE 83           NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)    125

TABLE 84           NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY COUNTRY, 2023–2030 (USD MILLION)    125

TABLE 85           NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)         126

TABLE 86           NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)         126

TABLE 87           NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)           126

TABLE 88           NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2023–2030 (USD MILLION)           127

11.2.2    US         127

11.2.2.1 Adoption of nanotechnology-based medical devices and electric vehicles to contribute to market growth            127

11.2.3    CANADA            128

11.2.3.1 Government-led initiatives to increase use of low-emission vehicles to drive market   128

11.2.4    MEXICO             128

11.2.4.1 Rising focus on increasing production of batteries and electric vehicles to drive market   128

11.3       EUROPE             129

11.3.1    IMPACT OF RECESSION ON MARKET IN EUROPE            129

FIGURE 49         EUROPE: SOLID-STATE BATTERY MARKET SNAPSHOT 130

FIGURE 50         GERMANY TO HOLD LARGEST SHARE OF EUROPEAN SOLID-STATE BATTERY MARKET IN 2030          131

TABLE 89           EUROPE: SOLID-STATE BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)          131

TABLE 90           EUROPE: SOLID-STATE BATTERY MARKET, BY COUNTRY, 2023–2030 (USD MILLION)          131

TABLE 91           EUROPE: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)          132

TABLE 92           EUROPE: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)          132

TABLE 93           EUROPE: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)          132

TABLE 94           EUROPE: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2023–2030 (USD MILLION)          133

11.3.2    GERMANY         133

11.3.2.1 Increased medical device manufacturing and use of smart labels to boost demand              133

11.3.3    UK         133

11.3.3.1 Robust demand for wearable IoT devices to contribute to market growth 133

11.3.4    FRANCE             134

11.3.4.1 High investments in electric and hybrid vehicle production to drive market              134

11.3.5    REST OF EUROPE           134

11.4       ASIA PACIFIC    135

11.4.1    IMPACT OF RECESSION ON MARKET IN ASIA PACIFIC   135

FIGURE 51         ASIA PACIFIC: SOLID-STATE BATTERY MARKET SNAPSHOT              136

FIGURE 52         CHINA TO DOMINATE ASIA PACIFIC SOLID-STATE BATTERY MARKET DURING FORECAST PERIOD   137

TABLE 95           ASIA PACIFIC: SOLID-STATE BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)          137

TABLE 96           ASIA PACIFIC: SOLID-STATE BATTERY MARKET, BY COUNTRY, 2023–2030 (USD MILLION)          137

TABLE 97           ASIA PACIFIC: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)             138

TABLE 98           ASIA PACIFIC: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)             138

TABLE 99           ASIA PACIFIC: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)           138

TABLE 100         ASIA PACIFIC: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2023–2030 (USD MILLION)           139

11.4.2    CHINA  139

11.4.2.1 Expansion of industrial manufacturing facilities to accelerate market growth              139

11.4.3    JAPAN  139

11.4.3.1 Increasing electric vehicle battery production projects to support market growth              139

11.4.4    SOUTH KOREA 140

11.4.4.1 Tax incentives for domestic battery manufacturers to fuel market growth 140

11.4.5    INDIA   140

11.4.5.1 Availability of cheap labor for battery manufacturing to propel market     140

11.4.6    REST OF ASIA PACIFIC  141

11.5       ROW     141

11.5.1    IMPACT OF RECESSION ON MARKET IN ROW    141

FIGURE 53         MIDDLE EAST & AFRICA TO DEPICT HIGHER CAGR IN ROW SOLID-STATE BATTERY MARKET FROM 2023 TO 2030    142

TABLE 101         ROW: SOLID-STATE BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION) 142

TABLE 102         ROW: SOLID-STATE BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION) 142

TABLE 103         ROW: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)          142

TABLE 104         ROW: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)          143

TABLE 105         ROW: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)          143

TABLE 106         ROW: SOLID-STATE BATTERY MARKET, BY APPLICATION, 2023–2030 (USD MILLION)          143

11.5.2    MIDDLE EAST & AFRICA             144

11.5.2.1 Need to reduce greenhouse gas emissions to boost market growth           144

11.5.3    SOUTH AMERICA           144

11.5.3.1 Economic growth and availability of cheap labor to drive market 144

12          COMPETITIVE LANDSCAPE       145

12.1       OVERVIEW        145

12.2       KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, 2020–2023       145

TABLE 107         OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2023      145

12.3       REVENUE ANALYSIS, 2019–2023 146

FIGURE 54         SOLID-STATE BATTERY MARKET: REVENUE ANALYSIS

OF TWO KEY PLAYERS, 2019–2023           147

12.4       MARKET SHARE ANALYSIS, 2022             147

TABLE 108         SOLID-STATE BATTERY MARKET: DEGREE OF COMPETITION              147

FIGURE 55         SOLID-STATE BATTERY MARKET SHARE ANALYSIS, 2022              148

12.5       EVALUATION MATRIX OF KEY COMPANIES, 2022           149

12.5.1    STARS  149

12.5.2    EMERGING LEADERS    149

12.5.3    PERVASIVE PLAYERS     149

12.5.4    PARTICIPANTS 150

FIGURE 56         SOLID-STATE BATTERY MARKET: EVALUATION MATRIX

OF KEY COMPANIES, 2022          150

12.5.5    COMPANY FOOTPRINT 151

TABLE 109         SOLID-STATE BATTERY MARKET: COMPANY FOOTPRINT              151

TABLE 110         SOLID-STATE BATTERY MARKET: COMPANY APPLICATION FOOTPRINT      152

TABLE 111         SOLID-STATE BATTERY MARKET: COMPANY REGIONAL FOOTPRINT      153

12.6       EVALUATION MATRIX OF START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), 2022        154

12.6.1    PROGRESSIVE COMPANIES       154

12.6.2    RESPONSIVE COMPANIES          154

12.6.3    DYNAMIC COMPANIES 154

12.6.4    STARTING BLOCKS       154

FIGURE 57         SOLID-STATE BATTERY MARKET: EVALUATION MATRIX OF START-UP/SMES, 2022  155

12.6.5    COMPETITIVE BENCHMARKING            156

TABLE 112         SOLID-STATE BATTERY MARKET: LIST OF KEY START-UPS/SMES         156

TABLE 113         SOLID-STATE BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES      156

12.7       COMPETITIVE SCENARIOS AND TRENDS           157

12.7.1    PRODUCT LAUNCHES  157

TABLE 114         SOLID-STATE BATTERY MARKET: PRODUCT LAUNCHES, 2021–2023      157

12.7.2    DEALS  157

TABLE 115         SOLID-STATE BATTERY MARKET: DEALS, 2020–2023      157

13          COMPANY PROFILES    161

(Business Overview, Products/Solutions/Services offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*

13.1       KEY PLAYERS   161

13.1.1    BLUE SOLUTIONS          161

TABLE 116         BLUE SOLUTIONS: COMPANY OVERVIEW          161

TABLE 117         BLUE SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          162

TABLE 118         BLUE SOLUTIONS: DEALS          162

13.1.2    BRIGHTVOLT   164

TABLE 119         BRIGHTVOLT: COMPANY OVERVIEW    164

TABLE 120         BRIGHTVOLT: PRODUCTS/SOLUTIONS/SERVICES OFFERED              164

TABLE 121         BRIGHTVOLT: OTHERS 165

13.1.3    ILIKA    166

TABLE 122         ILIKA: COMPANY OVERVIEW    166

FIGURE 58         ILIKA: COMPANY SNAPSHOT    167

TABLE 123         ILIKA: PRODUCTS/SOLUTIONS/SERVICES OFFERED     167

TABLE 124         ILIKA: DEALS    168

TABLE 125         ILIKA: OTHERS 168

13.1.4    PROLOGIUM TECHNOLOGY CO., LTD. 170

TABLE 126         PROLOGIUM TECHNOLOGY CO., LTD.: COMPANY OVERVIEW              170

TABLE 127         PROLOGIUM TECHNOLOGY CO., LTD.:

PRODUCTS/SOLUTIONS/SERVICES OFFERED   170

TABLE 128         PROLOGIUM TECHNOLOGY CO., LTD.: DEALS 171

TABLE 129         PROLOGIUM TECHNOLOGY CO., LTD.: OTHERS            172

13.1.5    SOLID POWER  174

TABLE 130         SOLID POWER: COMPANY OVERVIEW   174

TABLE 131         SOLID POWER: PRODUCTS/SOLUTIONS/SERVICES OFFERED              174

TABLE 132         SOLID POWER: DEALS  175

TABLE 133         SOLID POWER: OTHERS             175

13.1.6    EXCELLATRON 177

TABLE 134         EXCELLATRON: COMPANY OVERVIEW 177

TABLE 135         EXCELLATRON: PRODUCTS/SOLUTIONS/SERVICES OFFERED              177

13.1.7    HITACHI ZOSEN CORPORATION            178

TABLE 136         HITACHI ZOSEN CORPORATION: COMPANY OVERVIEW              178

FIGURE 59         HITACHI ZOSEN CORPORATION: COMPANY SNAPSHOT              179

TABLE 137         HITACHI ZOSEN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   179

13.1.8    QUANTUMSCAPE          180

TABLE 138         QUANTUMSCAPE: COMPANY OVERVIEW           180

TABLE 139         QUANTUMSCAPE: PRODUCTS/SOLUTIONS/SERVICES OFFERED          180

TABLE 140         QUANTUMSCAPE: DEALS          181

13.1.9    SAKUU CORPORATION 182

TABLE 141         SAKUU CORPORATION: COMPANY OVERVIEW 182

TABLE 142         SAKUU CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED          182

TABLE 143         SAKUU CORPORATION: PRODUCT LAUNCHES 183

TABLE 144         SAKUU CORPORATION: DEALS 183

13.2       OTHER PLAYERS           184

13.2.1    AMPCERA          184

13.2.2    FACTORIAL INC.            185

13.2.3    GANFENG LITHIUM GROUP CO., LTD.  186

13.2.4    IONIC MATERIALS, INC.              187

13.2.5    LG ENERGY SOLUTION 188

13.2.6    LIONVOLT        189

13.2.7    NITERRA CO., LTD.        190

13.2.8    PRIETO BATTERY INC.  191

13.2.9    QINGTAO (KUNSHAN) ENERGY DEVELOPMENT CO., LTD.        192

13.2.10  SAMSUNG SDI CO., LTD.             193

13.2.11  SK INNOVATION CO., LTD.        194

13.2.12  STOREDOT       195

13.2.13  TOYOTA MOTOR CORPORATION          196

*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

14          ADJACENT AND RELATED MARKETS     197

14.1       INTRODUCTION            197

14.2       FLOW BATTERY MARKET, BY BATTERY TYPE    197

14.2.1    INTRODUCTION            197

TABLE 145         FLOW BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)              197

TABLE 146         FLOW BATTERY MARKET, BY TYPE, 2023–2028 (USD MILLION)              198

14.2.2    REDOX 198

14.2.2.1 Growing adoption of redox flow batteries in large-scale energy storage applications to boost segmental growth 198

TABLE 147         REDOX: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)          198

TABLE 148         REDOX: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)          199

14.2.3    HYBRID              199

14.2.3.1 Compact size and design flexibility of hybrid flow batteries to drive growth              199

TABLE 149         HYBRID: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)          199

TABLE 150         HYBRID: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)          200

15          APPENDIX         201

15.1       INSIGHTS FROM INDUSTRY EXPERTS   201

15.2       DISCUSSION GUIDE      202

15.3       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             205

15.4       CUSTOMIZATION OPTIONS      207

15.5       RELATED REPORTS       207

15.6       AUTHOR DETAILS         208