Comprehensive Snapshot of Solid-state Battery Market Research Report, Including Regional and Country Analysis in Brief.
Industry: Industrial Automation
Format: PPT*, PDF, EXCEL
ID: PMRREP31572
Last Updated: 7 May 2025
Number of Pages: 165
According to Persistence Market Research, the global solid-state battery market size is projected to grow from US$ 380.0 million in 2025 to approximately US$ 6,313.0 million at a robust CAGR of 49.4% by 2032. This rapid expansion is fueled by the surging demand for next-generation energy storage solutions in electric vehicles (EVs), consumer electronics, and renewable energy systems. Superior energy density, longer cycle life of solid-state batteries, increasing investments in pilot-scale production lines, strong interest from automotive OEMs, and favorable government support, such as R&D grants, subsidies, and national electrification strategiess are accelerating the transition from prototype to commercial-scale deployment.
Key Industry Highlights:
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Global Market Attribute |
Key Insights |
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Solid-state Battery Market Size (2025E) |
US$ 380.0 Mn |
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Projected Market Value (2032F) |
US$ 6,313.0 Mn |
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Global Market Growth Rate (CAGR 2025 to 2032) |
49.4% |
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Historical Market Growth Rate (CAGR 2019 to 2024) |
9.6% |
Solid-state batteries (SSBs) are becoming more popular due to their higher energy density and safety compared to typical lithium-ion batteries. By replacing flammable liquid electrolytes with solid materials such as ceramics or polymers, SSBs reduce the possibility of thermal runaway, which is a major cause of battery fires. According to studies, heat generation during thermal runaway in SSBs is only 20-30% of that observed during conventional batteries with liquid electrolytes.
The higher energy density of SSBs results in longer driving ranges for electric cars (EVs). For instance, Toyota has declared to mass-produce solid-state batteries with a range of more than 621 miles (1,000 km) by 2028. Similarly, Factorial Energy says that its semi-solid-state technology may increase EV range by up to 50% over existing electric vehicles.
These developments are not just limited to automotive applications. In consumer electronics, the higher energy density and safety of SSBs can result in more durable and safer devices. In aircraft, reduced weight and higher energy capacity are particularly beneficial. Panasonic has developed a drone-specific solid-state battery that can be charged from 10% to 80% in 3 minutes and lasts 10,000 to 100,000 cycles at 25°C.
Solid-state batteries are a popular choice for a variety of applications, including electric vehicles, consumer electronics, and aircraft due to their increased energy density and safety. These advantages drive major investment and development into SSB technology, positioning as a critical component of the future of energy storage.
The limited commercial availability and the lack of established manufacturing infrastructure are key factors restraining the demand for solid-state battery across the globe. Most SSB technologies are still in the prototype or pilot production phases, with mass production projected for late 2026. For instance, Toyota plans to begin solid-state battery production by 2026, with mass production projected to commence by 2030. Similarly, Volkswagen, through its battery unit PowerCo, has agreed to mass-produce battery cells based on QuantumScape's technology.
The commercialization of solid-state batteries (SSBs) also faces significant hurdles due to high production costs and technical complexities. Manufacturing SSBs involves intricate processes, such as the use of expensive materials such as lithium metal, and the need for precise fabrication techniques to ensure uniformity and performance. Technical challenges are another factor that impedes the widespread adoption of SSBs. One significant issue is the interface between the solid electrolyte and the electrodes.
The increasing demand for electric vehicles (EVs) and surge in consumer electronics presents a significant opportunity for the solid-state battery market. As the world shifts toward electrification and smart digital ecosystems, SSBs are poised to become a core technology due to their essential advantages over traditional lithium-ion batteries, such as higher energy density, improved thermal stability, and longer life cycles. These advantages make them highly attractive for applications requiring lightweight, efficient, and durable power sources.
Solid-state batteries have the potential to transform the performance of electric vehicles. SSBs have a high energy density of around 400 Wh/kg, compared to ~250-300 Wh/kg in conventional lithium-ion batteries. This allows electric vehicles to go longer on a single charge. Furthermore, their non-flammable solid electrolytes considerably reduce fire hazards, which is an important safety factor.
Consumer gadgets, such as smartphones, tablets, wearables, and IoT devices, require batteries that are not only compact but also capable of operating for longer periods. Solid-state batteries, with their smaller construction and low risk of leakage or swelling, are excellent options. Samsung is investigating the incorporation of SSBs into future foldable phones and smartwatches, which could potentially quadruple battery life while reducing their size.
Bulk battery is poise to dominate the solid-state battery market with an estimated share of around 86% in 2025. This is attributed to their widespread use in electric vehicles (EVs), grid-level solid-state batteries, and industrial applications. Bulk batteries offer high energy density, robust structural stability, and superior performance in high-power-demand environments, making them the preferred choice for automotive OEMs.
Thin film battery is expected to grow at the fastest CAGR of approximately 54.5% from 2025 to 2032. These batteries are ultra-thin, lightweight, and flexible, making them highly suitable for powering compact and miniaturized devices such as smart cards, RFID tags, wearable sensors, and implantable medical devices.
Based on capacity, batteries with a capacity above 500 mAh lead the market, accounting for approximately 68% of global revenue, owing to their extensive use in electric vehicles, stationary solid-state batterys, aerospace, and industrial-grade applications. The 20–500 mAh segment is forecast to expand at the highest CAGR of roughly 51.3% over the forecast period. These batteries are ideal for high-performing consumer electronics such as wearables, smartwatches, and IoT devices. The rising popularity of connected devices and increasing investments in compact, reliable power solutions are fueling demand in this segment.
Electric vehicles represent the largest application segment, commanding about 55% of the market share in 2025. The demand stems from the need for higher energy density, longer driving ranges, faster charging, and improved safety. Automakers are investing millions into solid-state R&D, and companies such as Toyota are expected to launch EVs equipped with solid-state batteries by 2027.
Consumer Electronics is expected to grow at the fastest CAGR by 2032, as the global population ages and remote patient monitoring grows. There's a significant uptick in demand for highly reliable, safe, and compact power sources for pacemakers, neural stimulators, and other implantable devices.
North America is expected to account for 27.6% market share till 2032. The strong demand for electric vehicles (EVs) and innovative consumer devices drives up solid-state battery sales in the region. QuantumScape, supported by Volkswagen, is creating lithium-metal SSBs with energy densities of up to 1,000 Wh/L. Their recent pilot plant opening and cooperation with Volkswagen to produce next-generation EV batteries by 2026 represent a significant commercial milestone. Solid Power, another U.S.-based developer backed by Ford and BMW, plans to offer solid-state battery cells for vehicle validation by 2025.
Europe is anticipated to account for a leading CAGR by 2032. The region's emphasis on sustainability, EV transition, and battery independence from Asia makes it a significant player. Countries such as Germany, France, and the United Kingdom are leading the way. Key countries, such as Germany, are home to large firms such as Volkswagen, BMW, and Blue Solutions, all of which invest in solid-state batteries R&D and pilot production. Volkswagen's battery division, PowerCo, plans to integrate SSB into its unified cell architecture by 2026-2027. The European Union's Green Deal and Battery Regulation (2023) are important legislative levers that support circular economy concepts, high safety standards, and ethical sourcing, all of which benefit SSBs, which are recyclable and have lower thermal risks.
Asia Pacific is expected to lead the global solid-state battery market, with a 43.5% market share in 2025. The region's leadership is based on its robust EV ecosystem, considerable government support, and aggressive R&D investment by industry players from China, Japan, and South Korea. China, the world's largest electric vehicle market, is utilizing its battery manufacturing dominance to speed up solid-state battery production. CATL and BYD are making significant investments in next-generation battery technologies, with prototype plants projected to be functional by 2026.
The global solid-state battery market is witnessing rapid technological advancements, aggressive R&D investments, and strategic partnerships to achieve early commercialization. Companies such as QuantumScape, Solid Power, Toyota, Samsung SDI, and ProLogium are leading innovation, targeting commercial applications in electric vehicles, portable electronics, and stationary storage.
A prominent trend shaping the market is the shift toward high-capacity, fast-charging SSBs with ceramic or sulfide-based solid electrolytes, offering energy densities of over 1,000 Wh/L and significantly improved thermal stability. Players are also exploring thin-film batteries for wearables and IoT, and scaling pouch cells for EVs and grid storage.
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Report Attribute |
Details |
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Forecast Period |
2025 to 2032 |
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Historical Data Available for |
2019 to 2024 |
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Market Analysis |
Units for Volume US$ Million for Value |
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Key Regions Covered |
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Key Market Segments Covered |
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Key Companies Profiled in the Report |
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Report Coverage |
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Customization & Pricing |
Available upon request |
By Battery Type
By Capacity
By Application
By Region
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The global industry is projected to value at US$ 380.0 Mn in 2025.
High energy density and safety advantages drive a widespread adoption of solid-state batteries across automotive, consumer electronics, and aerospace sectors.
The global industry is poised to witness a CAGR of 49.4% from 2025 to 2032.
Growing demand from electric vehicles and consumer electronics presents an opportunity for the market.
Major players in the industry include CATL, LG Energy Solution, Samsung SDI Co., Ltd., BYD Company Limited, Panasonic Corporation, and others.
