Solid State Battery Market by Type (Thin-Film, Portable Battery), Capacity, Application (Consumer Electronics, Electric Vehicles, Medical Devices, Packaging, RFID, Smart Card, Wearable Devices, Wireless Devices), and Region - Global Forecast to 2020

  • ID: 3515843
  • Report
  • Region: Global
  • 149 Pages
  • Markets and Markets
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The Solid State Battery Market was Valued at USD 51.6 Million in 2014 and is Expected to Grow at a CAGR of 72.33% Between 2015 and 2020

FEATURED COMPANIES

  • BrightVolt, Inc. (U.S.)
  • Cymbet Corporation (U.S.)
  • Sakti3 Inc. (U.S.)
  • Solid Power, Inc. (U.S.)
  • MORE
“The need for advanced batteries in next-generation electrical devices would drive the sold state battery market”

The solid state battery market is estimated to grow at a CAGR of 72.33% during the forecast. The solid state battery market is driven by factors such as the increasing demand for solid state batteries in electric vehicles and need for batteries with extended lifespan, growing R&D activities by major companies, and increasing miniaturization of electrical devices.

“Portable devices to gain maximum growth during the forecast period”

The market for portable devices is estimated to contribute the highgest growth rate duing the forecast period. Furthermore, due to the advancements in portbale devices, the portable devices are getting compact and require high energy for their working. As a result, the demand for the solid state battery in the portable devices segment is expected to grow at the highest rate in the future. The solid state market is also estimated to witness growth in the packing, smart cards,wearable devices, with portabe devices segment contributing the largest market share during the forecast period.

“North America contributes largest market share"

The solid state battery market in the North American region held the largest market size in terms of value compared to other regions. This is due to the rapid adoption of advanced solid state batteries in various applications such as packaging, smart cards, wearable devices, and others in major counties of this region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.

Breakup of profile of primary participants is given below:

- By Company Type: Tier 1 – 55%, Tier 2 – 20% and Tier 3 – 25%
- By Designation: C-level – 60%, Director level – 25%, Others – 15%
- By Region: North America – 10%, Europe – 20%, APAC – 40%, RoW – 30%

Due to rise in need for solid state batteries in the electric vehicles segment, many major players in the industry are developing advanced solid state batteries to address the current problems related to battery for electric vehicles. However, the solid state battery for the electric vehicles application is yet at its development stage and is expected to be commercialized in the next three to five years.

Major players in the solid state battery market include Cymbet Corporation (U.S.), Infinite Power Solutions, Inc. (U.S.), Robert Bosch GmbH (Germany), Toyota Motor Corporation (Japan), Planar Energy Devices, Inc. (U.S.), Sakti3 Inc. (U.S.), Excellatron Solid State, LLC (U.S.), Solid Power, Inc. (U.S.), BrightVolt, Inc. (U.S.), and STMicroelectronics N.V. (Switzerland) among others.

The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the solid state batery market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand the competitor and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, newproduct develpoments, partnerships, mergers & acquisitions.
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • BrightVolt, Inc. (U.S.)
  • Cymbet Corporation (U.S.)
  • Sakti3 Inc. (U.S.)
  • Solid Power, Inc. (U.S.)
  • MORE
1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown Of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights – Solid State Battery Market
4.1 Solid State Battery Market, 2015–2020 (Usd Million)
4.2 Solid State Battery Market For Key Applications (2015–2020)
4.3 Solid State Battery Market, By Type And Region – 2015
4.4 Solid State Battery Market, By Region – 2015
4.5 Solid State Battery, By Capacity 2015– 2020

5 Market Overview
5.1 Introduction
5.2 Evolution
5.3 Market Segmentation
5.3.1 By Type
5.3.2 By Capacity
5.3.3 By Application
5.3.4 By Region
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Requirement For The Sold State Battery In Electric Vehicles
5.4.1.2 Solid State Battery Is Expected To Have An Extended Shelf Life
5.4.1.3 Growing R&D Activities By Major Companies To Accelerate The Growth Of The Market
5.4.1.4 Increasing Trend Of Miniaturization Of Electronic Devices Expected To Drive This Market
5.4.2 Restraints
5.4.2.1 Complexities In The Manufacturing Process Of The Solid State Battery
5.4.2.2 High Setup And Installation Cost Act As A Restraint In The Market
5.4.3 Opportunities
5.4.3.1 Growth Of Electric Vehicle Has Created A Huge Opportunity For The Solid State Battery
5.4.3.2 Advancement In Wearable Devices Is Likely To Act As An Opportunity For Thin-Film Solid State Batteries
5.4.4 Challenges
5.4.4.1 Manufacturing Cost-Effective Solid State Battery Acts As A Challenge

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Industry Trend
6.3.1 Solid Oxide Fuel Cell
6.3.2 3D Printed Battery
6.4 Porter’S Five Forces Model
6.4.1 Threats Of New Entrants
6.4.2 Threats Of Substitutes
6.4.3 Bargaining Power Of Suppliers
6.4.4 Bargaining Power Of Buyers
6.4.5 Industry Rivalry

7 Solid State Battery Market Analysis, By Type
7.1 Introduction
7.2 Thin-Film Batteries
7.3 Portable Batteries
7.4 Other Batteries

8 Market Analysis, By Capacity
8.1 Introduction
8.2 Battery Capacity: Less Than 20 Mah
8.3 Battery Capacity: Between 20 Mah And 500 Mah
8.4 Battery Capacity: 500 Mah And Above

9 Market Analysis, By Application
9.1 Introduction
9.2 Consumer Electronics
9.3 Electric Vehicle
9.4 Energy Harvesting
9.5 Entertainment
9.6 Medical Devices
9.7 Packaging
9.8 Portable Devices
9.9 Smart Cards
9.10 Wearable Devices
9.11 Wireless Communication
9.12 Others

10 Market Analysis, By Region
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Rest Of The World

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis, 2014
11.3 Competitive Situation And Trends
11.3.1 New Product Launches
11.3.2 Acquisitions, Collaborations, & Contracts
11.3.3 Expansions & Investments

12 Company Profiles
(Overview, Products And Services, Financials, Strategy & Development)*
12.1 Introduction
12.2 Cymbet Corporation
12.3 Robert Bosch GMBH
12.4 Stmicroelectronics N.V.
12.5 Toyota Motor Corporation
12.6 Sakti3 Inc.
12.7 Brightvolt, Inc.
12.8 Excellatron Solid State, LLC
12.9 Infinite Power Solution, Inc.
12.10 Planar Energy Devices, Inc.
12.11 Solid Power, Inc.
*Details On Overview, Products And Services, Financials, Strategy & Development Might Not Be Captured In Case Of Unlisted Companies

13 Appendix
13.1 Insights Of Industry Experts
13.2 Discussion Guide
13.3 Introducing Rt: Real-Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports

List Of Tables

Table 1 Solid State Battery Market Size (2013–2020)
Table 2 Solid State Battery Market: Drivers
Table 3 Solid State Battery Market: Restraints
Table 4 Solid State Battery Market: Opportunities
Table 5 Solid State Battery Market: Challenges
Table 6 Solid State Battery Market Size, By Type, 2013–2020 (USD Million)
Table 7 Thin-Film Battery Market Size, By Application, 2013–2020 (USD Million)
Table 8 Portable Battery Market Size, By Application, 2013–2020 (USD Million)
Table 9 Other Batteries Market Size, By Application, 2013–2020 (USD Million)
Table 10 Solid State Battery Market Size, By Capacity, 2013–2020 (USD Million)
Table 11 Solid State Battery Market Size For Less Than 20 Mah Capacity,
By Application, 2013–2020 (USD Million)
Table 12 Solid State Battery Market Size For Between 20 Mah And 500 Mah Capacity, By Application, 2013–2020 (USD Million)
Table 13 Solid State Battery Market Size For 500 Mah And Above Capacity,
By Application, 2013–2020 (USD Million)
Table 14 Solid State Battery Market Size, By Application, 2013–2020 (USD Million)
Table 15 Consumer Electronics Market Size, By Component,
2013–2020 (USD Million)
Table 16 Solid State Battery Market Size For Consumer Electronics Application, By Type, 2013–2020 (USD Million)
Table 17 Solid State Battery Market Size For Consumer Electronics Application, By Capacity, 2013–2020 (USD Million)
Table 18 Solid State Battery Market Size For Consumer Electronics Applications, By Region, 2013–2020 (USD Million)
Table 19 Solid State Battery Market Size For Electric Vehicles Application,
By Type, 2013–2020 (USD Million)
Table 20 Solid State Battery Market Size For Electric Vehicles Application,
By Capacity, 2013–2020 (USD Million)
Table 21 Solid State Battery Market Size For Electric Vehicles Application,
By Region, 2013–2020 (USD Million)
Table 22 Solid State Battery Market Size For Energy Harvesting Application,
By Type, 2013–2020 (USD Million)
Table 23 Solid State Battery Market Size For Energy Harvesting Application,
By Capacity, 2013–2020 (USD Million)
Table 24 Solid State Battery Market Size For Energy Harvesting Application,
By Region, 2013–2020 (USD Million)
Table 25 Solid State Battery Market Size For Entertainment Application, By Type, 2013–2020 (USD Million)
Table 26 Solid State Battery Market Size For Entertainment Application, By Type, 2013–2020 (USD Million)
Table 27 Solid State Battery Market Size For Entertainment Application,
By Capacity, 2013–2020 (USD Million)
Table 28 Solid State Battery Market Size For Entertainment, By Region,
2013–2020 (USD Million)
Table 29 Solid State Battery Market Size For Medical Devices Application,
By Type, 2013–2020 (USD Million)
Table 30 Solid State Battery Market Size For Medical Devices Application ,
By Type, 2013–2020 (USD Million)
Table 31 Solid State Battery Market Size For Medical Devices Application,
By Capacity, 2013–2020 (USD Million)
Table 32 Solid State Battery Market Size For Medical Devices Application,
By Region, 2013–2020 (USD Million)
Table 33 Solid State Battery Market Size For Packaging Application, By Type, 2013–2020 (USD Million)
Table 34 Smart Label Market Size, By Type, 2013–2020 (USD Million)
Table 35 Solid State Battery Market Size For Packaging Application, By Type, 2013–2020 (USD Million)
Table 36 Solid State Battery Market Size For Packaging Application, By Capacity, 2013–2020 (USD Million)
Table 37 Solid State Battery Market Size For Packaging Application, By Region, 2013–2020 (USD Million)
Table 38 Solid State Battery Market Size For Portable Devices Application,
By Type, 2013–2020 (USD Million)
Table 39 Solid State Battery Market Size For Portable Devices Application,
By Capacity, 2013–2020 (USD Million)
Table 40 Solid State Battery Market Size For Portable Devices Application,
By Region, 2013–2020 (USD Million)
Table 41 Solid State Battery Market Size For Smart Cards Application, By Type, 2013–2020 (USD Million)
Table 42 Solid State Battery Market Size For Smart Cards Application,
By Capacity, 2013–2020 (USD Million)
Table 43 Solid State Battery Market Size For Smart Cards Application,
By Region, 2013–2020 (USD Million)
Table 44 Wearable Device Market Size, 2013–2020 (USD Million)
Table 45 Solid State Battery Market Size For Wearable Devices Application,
By Type, 2013–2020 (USD Million)
Table 46 Solid State Battery Market Size For Wearable Devices Application,
By Type, 2013–2020 (USD Million)
Table 47 Solid State Battery Market Size For Wearable Devices Application,
By Capacity, 2013–2020 (USD Million)
Table 48 Solid State Battery Market Size For Wearable Devices Application,
By Region, 2013–2020 (USD Million)
Table 49 Internet Of Things Market Size, By Application, 2013–2020 (USD Billion)
Table 50 Solid State Battery Market Size For Wireless Communication Application, By Type, 2013–2020 (USD Million)
Table 51 Solid State Battery Market Size For Wireless Communication Application, By Capacity, 2013–2020 (USD Million)
Table 52 Solid State Battery Market Size For Wireless Communication Application, By Region, 2013–2020 (USD Million)
Table 53 Solid State Battery Market Size For Other Applications, By Type,
2013–2020 (USD Million)
Table 54 Solid State Battery Market Size For Other Applications, By Capacity, 2013–2020 (USD Million)
Table 55 Solid State Battery Market Size For Other Applications, By Region, 2013–2020 (USD Million)
Table 56 Solid State Battery Market Size, By Region, 2013–2020 (USD Million)
Table 57 North America: Solid State Battery Market Size, By Country,
2013–2020 (USD Million)
Table 58 North America: Solid State Battery Market Size, By Application,
2013–2020 (USD Million)
Table 59 Europe: Solid State Battery Market Size, By Country,
2013–2020 (USD Million)
Table 60 Europe: Solid State Battery Market Size, By Application,
2013–2020 (USD Million)
Table 61 Apac: Solid State Battery Market Size, By Country,
2013–2020 (USD Million)
Table 62 Apac: Solid State Battery Market Size, By Application,
2013–2020 (USD Million)
Table 63 Row: Solid State Battery Market Size, By Region,
2013–2020 (USD Million)
Table 64 Row: Solid State Battery Market Size, By Application,
2013–2020 (USD Million)
Table 65 Solid State Battery Market: Market Ranking Analysis (2014)
Table 66 Most Significant New Product Launches In The Solid State Battery Market
Table 67 Most Significant Acquisitions, Collaborations, & Contracts
In The Solid State Battery Market
Table 68 Most Significant Expansions & Investments In The Solid State
Battery Market

List Of Figures

Figure 1 Markets Covered
Figure 2 Solid State Battery Market: Research Design
Figure 3 Solid State Battery: Bottom-Up Approach
Figure 4 Solid State Battery: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions Of The Research Study
Figure 7 Solid State Battery Market Segmentation
Figure 8 Solid State Battery Market Snapshot (2015 Vs. 2020): The Market
For Thin-Film Battery Expected To Account For The Largest Market Share Between 2015 And 2020
Figure 9 Solid State Battery With 500 Mah And Above Capacity Expected To Account For The Largest Market Share During The Forecast Period
Figure 10 Portable Devices Are Expected To Grow At The Highest Rate During
The Forecast Period
Figure 11 North America Expected To Account For The Largest Share Of The Solid State Battery Market In 2015
Figure 12 Attractive Growth Opportunities For The Solid State Battery Market
Figure 13 Packaging Is Expected To Hold The Largest Share Of The Solid State Battery Market During The Forecast Period
Figure 14 Thin-Film Battery Would Hold The Largest Share Of The Global Solid State Battery Market In 2015
Figure 15 U.S. Is Expected To Account For The Largest Share Of The Solid State Battery Market In 2015
Figure 16 Market For Solid State Batteries With 500 Mah And Above Capacity Expected To Grow At The Highest Rate Between 2015 And 2020
Figure 17 Evolution Of Solid State Battery Till 2000
Figure 18 Market, By Type
Figure 19 Market, By Capacity
Figure 20 Market, By Application
Figure 21 Market, By Geography
Figure 22 Drivers, Restraints, Opportunities, And Challenges For The Solid State Battery Market
Figure 23 Value Chain Analysis: Major Value Addition Is Done During The Manufacturing And Assembling Phases
Figure 24 Porter’S Five Forces Analysis
Figure 25 Porters Analysis: Solid State Battery Market
Figure 26 Solid State Battery Market: Threats Of New Entrants
Figure 27 Solid State Battery Market: Threats Of Substitutes
Figure 28 Solid State Battery Market: Bargaining Power Of Suppliers
Figure 29 Solid State Battery Market: Bargaining Power Of Buyers
Figure 30 Solid State Battery Market: Industry Rivalry
Figure 31 Solid State Battery Market Segmentation, By Type
Figure 32 Thin-Film Batteries Expected To Lead The Solid State Battery Market Between 2015 And 2020
Figure 33 Packaging Is Expected To Lead The Thin-Film Battery Market In 2015
Figure 34 Portable Devices Expected To Be The Fastest-Growing Application
Of The Thin-Film Battery Market Between 2017 And 2020
Figure 35 Wearable Devices To Show A Potential Growth In The Other Batteries Market By 2020
Figure 36 Solid State Battery Market, By Capacity
Figure 37 Batteries With 500 Mah And Above Capacity Expected To Lead The Solid State Battery Market By 2020
Figure 38 Packing Expected To Account For The Largest Share Of The Solid State Battery Market In 2015
Figure 39 Wearable Devices Expected To Hold The Largest Market Size Between 2015 And 2020
Figure 40 Electric Vehicles Expected To Hold The Largest Market Size By 2020
Figure 41 Solid State Battery Market, By Application
Figure 42 Energy Harvesting Expected To Lead The Solid State Battery Market
By 2020
Figure 43 Asia-Pacific Expected To Lead The Consumer Electronics Market Between 2015 And 2020
Figure 44 North America Expected To Show A Potential Growth In Terms
Of Market Size By 2020
Figure 45 Batteries With The Capacity Of Between 20 Mah And 500 Mah Expected To Lead The Market By 2020
Figure 46 Greeting Cards Expected To Hold The Largest Market Share Of The Entertainment Sector In 2015
Figure 47 Asia-Pacific To Hold The Largest Market Share Of The Entertainment Market By 2020
Figure 48 Medical Devices Market In Asia-Pacific Expected To Grow At The Highest Rate During The Forecast Period
Figure 49 Batteries With The Capacity Of Less Than 20 Mah Expected To Hold The Largest Market Size In Terms Of Value For The Packaging Application
In 2015
Figure 50 Asia-Pacific Expected To Hold A Large Market Share Of The Portable Devices Market By 2020
Figure 51 North America To Show A Potential Growth In The Smart Cards Market In Terms Of Value By 2020
Figure 52 The Wearable Devices Market In Asia-Pacific Would Grow At The Highest Cagr During 2015–2020
Figure 53 Batteries With The Capacity Of Less Than 20 Mah Would Hold The Largest Share Of The Wireless Communication Market In 2016
Figure 54 North America Expected To Hold The Largest Market Share In 2015
Of The Solid State Market For Other Applications
Figure 55 Geographic Snapshot (2015): Rapidly Growing Markets Such As Mexico And France Are Emerging As Potential New Markets
Figure 56 North America Expected To Hold The Largest Market Share Of The Solid State Battery Market In 2015
Figure 57 North American Market Snapshot: Demand Expected To Be Driven By Portable Devices Between 2015 And 2020
Figure 58 The U.S. To Hold The Largest Market Share Of The North American Solid State Battery Market In 2015
Figure 59 France Expected To Show A Potential Growth Between 2015 And 2020
Figure 60 Apac Market Snapshot: Market Expected To Be Driven By The Packaging Application
Figure 61 China Expected To Account For The Largest Share Of The Solid State Battery Market Between 2015 And 2020
Figure 62 Latin America Expected To Lead The Row Market By 2020
Figure 63 Companies Adopted Product Innovation As The Key Growth Strategy Between 2013 And 2015
Figure 64 Market Evaluation Framework 2014 And 2015
Figure 65 Battle For Market Share: New Product Launch Was The Key Strategy
Figure 66 Geographic Revenue Mix Of Top Three Solid State Battery Market Players
Figure 67 Cymbet Corp.: Swot Analysis
Figure 68 Robert Bosch Gmbh: Company Snapshot
Figure 69 Robert Bosch Gmbh: Swot Analysis
Figure 70 Stmicroelectronics N.V.: Company Snapshot
Figure 71 Stmicroelectronics N.V.: Swot Analysis
Figure 72 Toyota Motor Corp.: Company Snapshot
Figure 73 Toyota Motor Corp.: Swot Analysis
Figure 74 Sakti3 Inc.: Swot Analysis
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BrightVolt, Inc. (U.S.)
  • Cymbet Corporation (U.S.)
  • Sakti3 Inc. (U.S.)
  • Solid Power, Inc. (U.S.)
  • MORE
The solid state battery market was valued at USD 51.6 Million in 2014 and is expected to grow at a CAGR of 72.33% between 2015 and 2020. The growth of this market is propelled to rapidly growing popularity of solid state batteries in applications such as consumer electronics, packing, smart cards, wearable devices, and medical devices among others which require high-energy power source to be integrated within the limited space. The solid state battery, being compact, flexible, thin, safe, and cost-effective, makes the devices weigh lighter while increasing its efficiency and facilitates advancements in products. This makes them favorable for use in a wide range of applications.

Packaging followed by smart cards are leading application sectors of the solid state battery market. The leading position of the packaging sector can be attributed to the fact that the solid state battery is used widely in RFID tags and smart labels integrated on packages. Beside the other advantages, solid state batteries can also be rolled, cut, or folded into any shape to compliment the product, without any loss of efficiency. Therefore, it can be easily integrated into RFID tags and smart labels enabling them to function efficient; these factures are also expected to drive the growth of the market in the packing sector further. Cymbet Corporation (U.S.), BrightVolt, Inc. (U.S.), GMB Co., Ltd. (China), and Front Edge Type, Inc. (U.S.) are some of the leading companies developing solid state batteries for the packaging application.

The market for portable batteries is expected to grow at a high CAGR during the forecast period. Potable batteries are being developed to complement electric vehicles and portable devices among others. The advantages of portable batteries over conventional batteries with liquid- or gel-based electrolytes are expected to drive the market for the same. Companies such as Robert Bosch GmbH (Germany), Toyota Motor Corp. (Japan), Sakti3 Inc. (U.S.), and others are investing majorly in the activities to develop and commercialize these batteries within the next three to five years.

North America accounted for the largest share of the solid state battery market in 2014, whereas the European market is expected to grow at a high growth rate during the forecast period. The leading position of North America can be attributed to the demand from packaging, smart cards as well as electric vehicles sectors in this region for the solid state battery. This is a result of the U.S. being amongst the leading countries to adopt solid state batteries in various applications.

One of the key restraining factors in the solid state battery market is that the manufacturing process and methods used for developing a solid state battery is complex. It requires proper manufacturing tools that deliver extremely high precision in depositing the materials during the development stage. Furthermore, the deficiency in quality of the materials used for the electrodes as well as electrolyte components can cause damage to the battery and its efficiency. Therefore, the manufacturers need to continuously focus on the research & development of these batteries to scrutinize its working and efficiency. Cymbet Corp. (U.S.), Robert Bosch GmbH (Germany), Sakti2 Inc. (U.S.), STMicroelectronics N.V. (Switzerland) are a few of the leading companies developing advanced next-generation solid state battery technology for various applications.

Exteneded Description

“The need for advanced batteries in next-generation electrical devices would drive the sold state battery market”

The solid state battery market is estimated to grow at a CAGR of 72.33% during the forecast. The solid state battery market is driven by factors such as the increasing demand for solid state batteries in electric vehicles and need for batteries with extended lifespan, growing R&D activities by major companies, and increasing miniaturization of electrical devices.

“Portable devices to gain maximum growth during the forecast period”

The market for portable devices is estimated to contribute the highgest growth rate duing the forecast period. Furthermore, due to the advancements in portbale devices, the portable devices are getting compact and require high energy for their working. As a result, the demand for the solid state battery in the portable devices segment is expected to grow at the highest rate in the future. The solid state market is also estimated to witness growth in the packing, smart cards,wearable devices, with portabe devices segment contributing the largest market share during the forecast period.

“North America contributes largest market share"

The solid state battery market in the North American region held the largest market size in terms of value compared to other regions. This is due to the rapid adoption of advanced solid state batteries in various applications such as packaging, smart cards, wearable devices, and others in major counties of this region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.

Breakup of profile of primary participants is given below:

- By Company Type: Tier 1 – 55%, Tier 2 – 20% and Tier 3 – 25%
- By Designation: C-level – 60%, Director level – 25%, Others – 15%
- By Region: North America – 10%, Europe – 20%, APAC – 40%, RoW – 30%

Due to rise in need for solid state batteries in the electric vehicles segment, many major players in the industry are developing advanced solid state batteries to address the current problems related to battery for electric vehicles. However, the solid state battery for the electric vehicles application is yet at its development stage and is expected to be commercialized in the next three to five years.

Major players in the solid state battery market include Cymbet Corporation (U.S.), Infinite Power Solutions, Inc. (U.S.), Robert Bosch GmbH (Germany), Toyota Motor Corporation (Japan), Planar Energy Devices, Inc. (U.S.), Sakti3 Inc. (U.S.), Excellatron Solid State, LLC (U.S.), Solid Power, Inc. (U.S.), BrightVolt, Inc. (U.S.), and STMicroelectronics N.V. (Switzerland) among others.

The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the solid state batery market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand the competitor and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, newproduct develpoments, partnerships, mergers & acquisitions.
Note: Product cover images may vary from those shown
5 of 4
- BrightVolt, Inc. (U.S.)
- Cymbet Corporation (U.S.)
- Excellatron Solid State, LLC (U.S.)
- Infinite Power Solutions, Inc. (U.S.)
- Planar Energy Devices, Inc. (U.S.)
- Robert Bosch GmbH (Germany)
- STMicroelectronics N.V. (Switzerland)
- Sakti3 Inc. (U.S.)
- Solid Power, Inc. (U.S.)
- Toyota Motor Corporation (Japan)
Note: Product cover images may vary from those shown
6 of 4
Note: Product cover images may vary from those shown
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