Global Solid-state Battery Market Size, Share, Growth, Trends, and Global Industry Analysis: Size, Share, Growth, Trends, and Global Industry Analysis By Type (Portable, and Thin Film), By Capacity (Less than 20mAh, 20mAh to 500mAh, and More than 500 mAh), By Application (Consumer and Portable Electronics, Electric Vehicle, Energy Harvesting, Wearable and Medical Devices, and Others) and Region Forecast 2020-2031

Solid-state Battery Market size was valued at US$ 99.1 million in 2024 and is projected to reach US$ 1,112.9 million by 2031. grew at 35.2% CAGR from 2025-2031. Moreover, the U.S. Global Solid-state Battery Market is projected to grow significantly, reaching an estimated value of US$ 315.0 Million by 2031. the solid-state battery market is the industry focused on the development, production, and commercialization of next-generation batteries that use a solid electrolyte instead of the conventional liquid or gel-based electrolytes found in traditional lithium-ion batteries. These batteries offer higher energy density, improved safety, and longer lifespan, making them a key innovation for applications in electric vehicles (EVs), consumer electronics, medical devices, and renewable energy storage systems. The shift toward solid-state technology is driven by the need for safer, more efficient, and high-performance energy storage solutions to meet the increasing demand for sustainable and compact power sources across various industries.

The market for solid-state batteries is expanding quickly as a result of growing demand for high-capacity energy storage, increased automobile investment, and developments in material science. To improve EV performance, range, and charging efficiency while lowering the fire dangers associated with conventional lithium-ion batteries, top automakers are actively investing in solid-state battery technologies. Further, market expansion is the incorporation of solid-state batteries into wearable electronics and Internet of Things devices. However, obstacles including exorbitant production prices, intricate manufacturing procedures, and scalability constraints still prevent broad use. Despite these obstacles, it is anticipated that further R&D, strategic partnerships, and government subsidies will hasten commercialization and establish solid-state batteries as a game-changing technology for energy storage and electrification in the future.  

Key Players

The global market share is inclusive of several Solid-state Battery market companies such as Toyota, STMicroelectronics, Solid Power, Samsung SDI Co., Ltd., Johnson Energy Storage, Inc., Ion Storage Systems, Hitachi Zosen Corporation, BrightVolt Solid State Batteries, Beijing Weilan New Energy Technology Co., Ltd. and Altairnano.

Facts & Figures

• China announced its plan to invest more than US$ 830 million in government-led project for development of solid-state batteries with six firms in May 2024.
• According to Sorbonne university press release in 2024, Blue Solutions joins forces with CNRS, College de France and Sorbonne University to develop the next generation of solid-state batteries.

List of Instances

• In July 2024, PowerCo, Volkswagen's battery subsidiary, entered into a landmark agreement with QuantumScape to industrialize advanced solid-state lithium-metal battery technology for mass production. This partnership aims to meet the growing global demand for superior electric vehicle batteries.
• In January 2024, Solid Power deepened its partnership with SK On through three new agreements: a research and development license, a line installation arrangement, and an electrolyte supply agreement. These agreements enable SK On to utilize Solid Power's cell technology for research and development and to produce batteries on a new solid-state line in Korea.

Key Developments

• In May 2024, Ion Storage Systems, a startup from the University of Maryland, inaugurated one of the largest solid-state battery pilot production lines in the United States. This facility focuses on producing batteries that offer faster charging times and higher energy densities compared to traditional lithium-ion batteries, initially targeting applications within the Department of Defense.
• In October 2024, Stellantis announced plans to deploy a demonstration fleet of Dodge Charger Daytonas equipped with semi-solid-state batteries by 2026. Developed in collaboration with Factorial Energy, these batteries promise lighter weight, higher energy density, and potentially lower costs for electric vehicles. This initiative represents a significant step toward evaluating the feasibility of solid-state batteries for broader commercial production across various automotive brands.

Solid-State Battery Market segmentation

Based on the type:

• Portable
• Thin Film

The thin film segment held the most significant share in the global Solid-state Battery market. It is anticipated that the dominance of thin-film solid-state batteries is increasing adoption in consumer electronics and medical devices. These batteries offer a compact, lightweight, and highly efficient energy storage solution, making them ideal for applications requiring miniaturization and high performance. Wearable devices, smart cards, and implantable medical devices benefit significantly from thin film batteries due to their flexibility, long cycle life, and safety advantages over conventional lithium-ion batteries.

Moreover, advancements in deposition technologies, such as sputtering and chemical vapor deposition, have enhanced the manufacturing efficiency and scalability of thin film solid-state batteries. This has led to greater commercialization, particularly in applications demanding ultra-thin and flexible power sources.

Based on the capacity:

• Less than 20 mAh
• 20 mAh to 500 mAh
• More than 500 mAh

The 20mAh to 500 mAh segment held the dominant share in the global solid-state battery market. The major driver behind this segment’s dominance is the growing demand for energy-dense and reliable power sources in wearable electronics, medical implants, and IoT devices. These applications require compact yet powerful batteries that provide long-lasting performance while ensuring safety and efficiency. Solid-state batteries within this capacity range offer a balance between energy storage and form factor, making them ideal for modern electronic devices. The increasing integration of smart sensors in industrial automation and consumer electronics further drives the need for solid-state batteries with capacities between 20 mAh and 500 mAh, as they offer superior cycle life and stability compared to traditional lithium-ion counterparts. Their ability to provide consistent power in a compact size reinforces the dominance of the 20 mAh to 500 mAh segment in the solid-state battery market.

Based on the application:

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

The electric vehicle segment dominated the global solid-state battery market with prominent share. The primary factor fueling the leadership of this segment is the increasing global push toward sustainable transportation and the need for high-performance battery solutions. Solid-state batteries offer significant advantages over conventional lithium-ion batteries, including higher energy density, faster charging times, improved safety, and longer lifespan, making them highly attractive for EV manufacturers. Governments and regulatory bodies worldwide are implementing stringent emission norms and incentivizing the adoption of electric vehicles, further accelerating the demand for advanced battery technologies. Solid-state batteries eliminate the risks of thermal runaway and battery degradation, addressing key safety concerns associated with traditional EV batteries.

Additionally, their compact and lightweight design allows automakers to enhance vehicle range without increasing battery size, a critical factor in consumer adoption. Moreover, major automotive companies and battery manufacturers are heavily investing in the commercialization of solid-state batteries, further strengthening their presence in the EV market. As the demand for electric mobility continues to rise, the electric vehicle segment remains the leading application for solid-state battery technology.