Solid State Battery Market By Type (Bulk Batteries, Thin Film Batteries, and Portable Batteries), By Capacity, By Application, By End User Industry - Global Industry Outlook, Key Companies (Toyota, Volkswagen Group, BMW, and others), Trends and Forecast 2025-2034

Solid-state batteries are an innovative form of rechargeable energy storage that uses solid materials (usually solid electrolytes) rather than the liquid or gel electrolytes found in traditional lithium-ion batteries. Their main components include solid electrolytes, cathodes, and anodes; liquid electrolytes, being potentially flammable, are replaced by safer material that enhances safety, performance, and lifespan compared with previous lithium-ion cells, thus expanding battery applications from consumer electronics to electric vehicles (EV). Solid-state batteries have rapidly evolved since their debut several decades ago; today, they represent energy storage applications across consumer electronics to electric vehicles (EV).

Solid-state batteries have experienced steady growth due to their superior performance qualities compared to traditional batteries. Their demand has skyrocketed with the increasing use of electric vehicles, consumer electronics and renewable energy systems driving increased need for batteries that are more energy-efficient, lighter weight and have longer lifespans - qualities traditional batteries cannot deliver due to limited energy densities and safety limitations; solid state batteries however offer much higher energy densities as well as quicker charging times making them particularly appealing in industries such as automotive, aerospace and healthcare where reliability and power capacity must be ensured.

Recent trends in the solid-state battery market focus on increasing energy density, decreasing production costs and making sure mass production can take place. Manufacturers and researchers alike are actively engaged in researching materials to enhance performance - with solid electrolytes such as sulfide-based and ceramic-based materials at the forefront. Hybrid solid-state batteries may also offer enhanced performance; hybrid models may combine solid with liquid elements for better results. All this research indicates that next-generation batteries could offer not just higher energy density but also improved safety features and lower environmental impact than before.

Recent years have witnessed significant advances in solid-state battery technology. Companies like QuantumScape and Solid Power have made major breakthroughs, and some claim to have created prototypes with potential to revolutionize the EV market. Their focus has been to overcome challenges such as stability, production scalability and energy efficiency; partnerships between automakers like Volkswagen and battery startups underline this growing interest and investment in this field.

Solid-state battery market is projected to make a substantial impactful in multiple industries. Electric vehicles stand to benefit most, with companies like Toyota and BMW investing heavily in solid-state batteries to reduce weight, extend range, improve safety, and decrease overall costs. Furthermore, consumer electronics, medical devices and military applications could all make use of solid-state technologies in innovative ways and harness its benefits to maximize performance while lessen reliance on traditional lithium-ion systems.

Solid-state batteries may offer great promise, yet still face several significant hurdles to their widespread adoption. One major impediment is cost and complexity of manufacturing them at scale; currently solid-state batteries are uneconomical to produce at scale due to this issue, rendering mass market adoption impractical. Researchers and companies alike are working tirelessly on solutions for this problem and it's expected that solid-state batteries will become increasingly commercially viable over time; as more breakthroughs emerge they could become the dominant energy storage technology reshaping multiple industries globally.

The US Solid State Battery Market

The US Solid State Battery Market is projected to reach USD 0.3 billion in 2025 at a compound annual growth rate of 31.0% over its forecast period.

The US offers many growth opportunities in the solid-state battery market due to the growing demand for electric vehicles, government incentives for clean energy, and advancements in technology. The country's strong automotive and tech industries are investing highly in research and development. In addition, abundant raw materials and growing manufacturing capabilities position the U.S. as a key player in this market.

Further, the growth of the solid-state battery market here is driven by government support for clean energy initiatives, the rising demand for electric vehicles, and advancements in battery technology. However, challenges like high manufacturing costs, complex production processes, and scalability issues pose significant restraints. The need for affordable, mass-produced solid-state batteries remains a key hurdle for widespread adoption in various industries.

Solid State Battery Market: Key Takeaways

• Market Growth: The Solid State Battery Market size is expected to grow by USD 17.5 billion, at a CAGR of 33.1%, during the forecasted period of 2026 to 2034.
• By Type: The bulk batteries segment is anticipated to get the majority share of the Solid State Battery Market in 2025.
• By Application: Electric Vehicles is expected to get the largest revenue share in 2025 in the Solid State Battery Market.
• Regional Insight: Asia Pacific is expected to hold a 37.5% share of revenue in the Global Solid State Battery Market in 2025.
• Use Cases: Some of the use cases of Solid State Battery include EVs, medical devices, and more.

Solid State Battery Market: Use Cases

• Electric Vehicles (EVs): Solid-state batteries offer higher energy density and safety, making them ideal for powering electric vehicles with longer ranges and faster charging times.
• Consumer Electronics: These batteries can be used in smartphones, laptops, and wearables, offering improved battery life, faster charging, and greater durability compared to traditional batteries.
• Medical Devices: Solid-state batteries are ideal for powering implantable medical devices and wearables, providing reliable, longer-lasting power with minimal risk of leakage or overheating.
• Energy Storage Systems: Solid-state batteries can improve energy storage for renewable energy applications, providing higher efficiency, safety, and longer cycles for solar and wind energy storage solutions.

Stats & Facts

• According to the IEA, global demand for EV batteries reached over 750 GWh in 2023, marking a 40% increase from 2022. While this growth rate slowed slightly compared to the previous year, 95% of this rise was attributed to electric car sales, with about 5% resulting from larger battery sizes, especially as SUVs become more popular in EV markets.
• As per WIPO, the global scientific interest in solid-state batteries has surged since 2017, with publications on the topic steadily increasing year by year. The number of documents rose dramatically in recent years, reflecting growing investment and research in overcoming the challenges associated with commercializing these advanced battery technologies.
• According to the IEA, China remained the largest EV battery market in 2023, with a demand of 415 GWh. Europe and the United States followed, with 185 GWh and 100 GWh, respectively. The U.S. saw a growth of over 40% in EV battery demand, the fastest among major markets.
• As per the IEA, in 2023, PHEVs accounted for approximately one-third of all electric car sales in China, contributing 18% of the country's battery demand. The share of extended-range EVs (EREVs) also increased, representing 25% of PHEV sales, a significant jump from previous years.
• WIPO notes that solid-state batteries (SSBs) provide several benefits, including enhanced safety, higher energy density, and faster charging. These batteries can achieve energy densities of up to 500 Wh/kg, almost double that of conventional lithium-ion batteries, making them ideal for passenger vehicles and freight transport.
• According to the IEA, in 2023, the battery demand for lithium stood at around 140 kt, comprising 85% of total lithium demand. This demand increased by more than 30% compared to 2022, driven largely by the rise in electric vehicle adoption and growth in battery capacity.
• As per the IEA, the supply of cobalt, nickel, and lithium comfortably exceeded demand in 2023, which helped lower critical mineral prices. Lithium supply, in particular, exceeded demand by more than 10%, leading to reduced battery costs despite the continued high prices of lithium carbonate.
• According to WIPO, Japan has led the way in solid-state battery innovation, with more than 7,000 patent families published between 2000 and 2023. This accounts for nearly 40% of all published patent families related to solid-state battery technology globally.
• As per the IEA, Europe is still dependent on battery imports, with over 20% of its EV battery demand met through imports, particularly from countries like China. In contrast, China remains self-sufficient, with its battery production meeting nearly 100% of its domestic demand.
• WIPO highlights the global effort in solid-state battery research, with China contributing the highest number of scientific publications (approximately 850) in this field, followed by the U.S. with around 600 publications. This shows the significant international focus on advancing this promising battery technology.
• According to the IEA, despite high levels of overcapacity, China’s battery manufacturers remain dominant in the global market. In 2023, China accounted for about 90% of the global installed cathode active material manufacturing capacity, while Korea and Japan represented much smaller shares at 9% and 3%, respectively.
• As per the IEA, by 2023, lithium iron phosphate (LFP) batteries accounted for more than 40% of global EV demand by capacity. LFP batteries, primarily produced in China, have gained significant market share, especially in China, where they make up two-thirds of EV sales, while still accounting for less than 10% of sales in Europe and the U.S.
• According to WIPO, the solid-state battery market faces challenges in commercial-scale production, including the complexity and cost of manufacturing. Issues such as material purity, interface stability, and performance at low temperatures still need to be addressed before they can be widely adopted in applications like electric vehicles.
• As per the IEA, global EV battery production in 2023 reached 110 GWh in Europe and 70 GWh in the United States. Battery production in China was significantly higher, with its large capacity mainly driven by local manufacturers, further cementing its global dominance in EV battery production.
• According to WIPO, the United States and Europe are increasing their efforts to develop solid-state battery technologies, with companies such as BYD, Northvolt, and CATL announcing sodium-ion battery expansion plans. These technologies could potentially cost 20% less than current lithium-ion batteries and find use in compact EVs and stationary power storage.

Market Dynamic

Driving Factors in the Solid State Battery Market

Rising Demand for Electric Vehicles (EVs)
The growing transformation toward electric vehicles is one of the primary drivers for the solid-state battery market. Traditional lithium-ion batteries face challenges like limited energy density and safety concerns, which can impact the performance and reliability of electric vehicles. Solid-state batteries, with their higher energy density and improved safety features, provide a compelling solution for EVs. They allow longer driving ranges, faster charging times, and a reduced risk of fire or degradation. As governments and automakers around the world continue to push for greener, more sustainable transportation options, the adoption of solid-state batteries in electric vehicles is expected to rise significantly, fueling the market's growth.

Advancements in Consumer Electronics
The need for more efficient, longer-lasting batteries in consumer electronics is another key growth driver for the solid-state battery market. With smartphones, laptops, wearables, and other portable devices becoming vital in everyday life, manufacturers are looking for better battery solutions to extend device performance. Solid-state batteries provide several advantages, like higher energy density and faster charging, making them ideal for powering modern electronics. Furthermore, the trend toward smaller, thinner, and lighter devices aligns well with the compact nature of solid-state batteries, leading to increased investment and adoption of this technology in consumer electronics and contributing to market growth.

Restraints in the Solid State Battery Market

High Manufacturing Costs and Complex Processes
One of the major restraints in the solid-state battery market is the high cost and complexity of manufacturing. Producing solid-state batteries needs specialized materials and precision processes that are costlier than those used for conventional lithium-ion batteries. The demand for cleanroom environments, advanced equipment, and strict quality control makes it difficult for many companies to scale up production. In addition, the solid electrolytes themselves are often costly or difficult to work with. These factors grow the overall cost per unit, making solid-state batteries less competitive in mass-market applications for now. Until production becomes more affordable, widespread adoption will remain limited.

Material and Design Challenges
Another major restraint is the difficulty in finding suitable materials and achieving reliable battery designs. Solid electrolytes must not only conduct ions efficiently but also remain stable over time and across a range of temperatures. Some materials show excellent conductivity but are brittle or reactive, while others lack the needed mechanical or chemical stability. Ensuring good contact between the solid electrolyte and electrodes is also challenging and can impact battery performance. These material and design issues can lead to poor durability, limited charge-discharge cycles, and inconsistent performance. Solving these technical hurdles is vital for the long-term success of solid-state battery technology.

Opportunities in the Solid State Battery Market

Expansion into Grid Energy Storage
One major opportunity for the solid-state battery market lies in its potential use in large-scale energy storage systems. As the world grows its dependency on renewable energy sources like solar and wind, the demand for efficient, long-lasting, and safe storage solutions becomes critical. Solid-state batteries, with their long cycle life and enhanced thermal stability, are ideal for storing renewable energy and delivering consistent power to the grid, which could reduce energy loss, enhance grid reliability, and support the global shift toward sustainable energy. With governments investing in clean energy infrastructure, this sector provides a significant growth opportunity for solid-state battery technology.

Integration in Aerospace and Defense Sectors
The aerospace and defense industries are actively exploring advanced energy storage technologies, and solid-state batteries offer a promising solution. These sectors require batteries that are lightweight, durable, and capable of operating in extreme conditions—all strengths of solid-state designs. Applications can range from powering drones and satellites to portable military equipment and space technologies. The lesser risk of leakage and explosion adds another layer of safety critical to these industries. As innovation in these high-tech areas constantly evolves, solid-state batteries have the potential to become a standard power source, opening up lucrative opportunities in specialized, high-performance markets.

Trends in the Solid State Battery Market

Collaborations Between Automakers and Battery Startups
A recent trend in the solid-state battery market is the growth in collaboration between major automakers and battery startups. Established car manufacturers are investing in or partnering with innovative battery companies to fast-track the development and commercialization of solid-state technology. These partnerships focus on combining the research strengths of startups with the manufacturing and scaling capabilities of automakers. Such collaborations support sharing technical knowledge, minimizing costs, and accelerating time-to-market. These joint efforts are vital as the race to build safer, more efficient batteries intensifies, which reflects the strategic importance of solid-state batteries in the future of electric mobility.

Focus on Scalable Manufacturing and Cost Reduction
Another key trend is the growing focus on enhancing the scalability and cost-effectiveness of solid-state battery production. While the technology holds immense promise, manufacturing at scale remains a major challenge. Companies are now investing in new production methods, automated systems, and advanced materials to reduce costs and enable mass production. Research is also being directed at finding cheaper, more abundant materials for solid electrolytes. As these efforts progress, the aim is to make solid-state batteries commercially viable for a wider range of applications. This push toward scalability is vital for mainstream adoption across automotive and consumer markets.

Research Scope and Analysis

By Type Analysis

Bulk batteries are projected to lead the solid-state battery market in 2025 with a market share of 57.9% due to their importance in powering high-capacity applications like electric vehicles, industrial machinery, and energy storage systems. Engineered mainly to safely deliver large volumes of power efficiently for heavy-duty use, they make ideal choices when considering renewable transportation or backup energy solutions across many industries. As global demand for cleaner transportation solutions and sustainable energy backup solutions grows exponentially, bulk solid-state batteries are becoming an indispensable solution that provides a larger lifespan, enhanced safety features, and faster charging capabilities as an ideal choice for large-scale needs across industries.

Further, portable batteries are projected to experience strong growth throughout the forecast period, driven by increasing consumer demand for compact electronics and smart devices. Their smaller size, enhanced safety features, and long battery life make portable solid-state batteries the ideal power solution for smartphones, laptops, wearables, medical equipment and wearable devices - providing quick charging times while lasting for extended use without overheating risks - positioning them as reliable power solutions that meet consumer demands for everyday technology needs.

By Capacity Analysis

The 20 mAh to 500 mAh capacity range is set to lead the solid-state battery market in 2025, accounting for a 42.0% share due to its critical role in powering small, low-energy devices. This capacity range is particularly well-suited for applications such as wearables, medical implants, wireless sensors, and compact consumer electronics. Its popularity stems from the enhanced safety, extended lifespan, and superior performance it offers compared to traditional battery technologies. 

As the need for compact, reliable power sources grows, especially in sensitive applications where failure is not an option, manufacturers are increasingly adopting solid-state batteries in this range. Their miniature size and consistent output make them an ideal solution for modern, miniaturized technologies.

Portable solid-state batteries are expected to experience strong growth throughout the forecast period, driven by rising consumer expectations for high-performance electronic devices. These batteries are commonly used in smartphones, tablets, smartwatches, and other compact gadgets that require long battery life and quick charging capabilities. Thanks to their solid-state design, they offer enhanced safety, with a lower risk of overheating or leakage—key features for devices used daily. 

As reliance on portable electronics continues to expand across work, leisure, and health monitoring, the demand for dependable, efficient battery solutions is also climbing. Additionally, the lightweight and compact nature of solid-state batteries contributes to more streamlined and user-friendly devices, reinforcing their growing importance in the market.

By Application Analysis

Electric vehicles are projected to lead the solid-state battery market in 2025 with a commanding 44.8% share, reflecting their central role in driving the adoption of this advanced technology. Solid-state batteries offer superior energy density, quicker charging times, and enhanced safety compared to conventional lithium-ion alternatives, making them particularly well-suited for EV applications. As the global push toward sustainable transportation intensifies, automakers are prioritizing solid-state solutions to provide longer-range, safer, and more affordable electric cars. 

Their solid construction not only minimizes fire risks but also extends battery lifespan, reducing long-term ownership costs. With growing investment, strategic partnerships, and research dedicated to next-generation mobility, electric vehicles are set to remain the primary catalyst for solid-state battery demand, helping reshape the future of transportation with improved performance and environmental benefits.

Medical devices are anticipated to show substantial growth as an application area for solid-state batteries over the forecast period, owing to their critical need for compact, stable, and long-lasting power solutions. Devices such as pacemakers, hearing aids, wearable monitors, and drug delivery systems depend on batteries that offer reliable performance with minimal risk of leakage or thermal failure. 

Solid-state batteries meet these stringent requirements by providing consistent energy output in small, safe packages. As the healthcare industry constantly expands and adopts more advanced, wearable, and connected technologies, the demand for innovative battery solutions is rising rapidly. The unique advantages of solid-state batteries make them an essential component in powering life-saving and precision medical devices, supporting the ongoing evolution of modern healthcare.

By End User Industry Analysis

Automotive is set to dominate the solid-state battery market in 2025, holding a leading share of 49.3%, as it emerges as the most influential industry driving adoption. With the growth in expectations for safer, more efficient energy storage, automakers are turning to solid-state batteries to enhance the range, speed, and performance of electric vehicles. These batteries address key limitations of earlier technologies, such as overheating, short lifespans, and long charging times. Their compact design and higher energy density make them especially suited for next-generation EVs that need superior performance. 

As global policies push for clean energy and major carmakers race to innovate, the demand for solid-state solutions is accelerating. Ongoing investments, R&D, and strategic collaborations between battery developers and automotive companies are moving this technology closer to large-scale deployment, establishing the automotive sector as a cornerstone of solid-state battery market growth.

Further, healthcare is expected to witness strong growth in its adoption of solid-state battery technology over the forecast period, driven by the growing demand for compact, reliable, and safe power sources in medical applications. Wearable and implantable devices like hearing aids, pacemakers, health monitors, and diagnostic tools require batteries that deliver consistent performance with minimal risk. Solid-state batteries fulfill these needs through their long lifespan, small size, and reduced likelihood of leakage or failure.

As the healthcare industry evolves toward more digital, remote, and portable care solutions, solid-state batteries offer the reliability and innovation needed to support this transition. Their role in enhancing the safety and functionality of medical devices positions the healthcare sector as an emerging and important contributor to market expansion.

The Solid State Battery Market Report is segmented on the basis of the following:

By Type

• Bulk Batteries
• Thin Film Batteries
• Portable Batteries

By Capacity

• Less than 20 mAh
• 20 mAh to 500 mAh
• Above 500 mAh

By Application

• Electric Vehicles
• Consumer Electronics
• Medical Devices
• Aerospace
• Wearables
• Energy Harvesting
• Industrial

By End User Industry

• Automotive
• Electronics
• Healthcare
• Aerospace & Defense
• Industrial

Regional Analysis

Leading Region in the Solid State Battery Market
Asia Pacific will be leading the solid-state battery market in 2025 with a share of 37.5%, playing a major role in driving the growth. The region is home to some of the world’s top battery manufacturers and automotive companies, which are heavily investing in advanced energy storage technologies. Countries like China, Japan, and South Korea are at the center of this growth due to strong government support, rising demand for electric vehicles, and active research and development programs. 

These nations are also investing in large-scale battery production facilities and forming strategic partnerships to speed up innovation. Asia Pacific benefits from a strong supply chain for raw support and established expertise in battery manufacturing, helping companies in the region scale production faster than others. The growing focus on reducing carbon emissions and shifting toward clean energy also fuels the demand for better, safer batteries. This solid foundation allows the region to lead the way in the global shift to solid-state battery technology.

Fastest Growing Region in the Solid State Battery Market
Latin America is set to witness significant growth over the forecast period in the solid-state battery market, mainly due to its rich reserves of critical raw materials like lithium. Countries including Chile, Argentina, and Bolivia form the “Lithium Triangle,” making the region a key player in the global battery supply chain. With increasing interest from international companies, Latin America is attracting investment in battery material processing and potential local manufacturing. The push for cleaner energy and electric mobility across the region is also creating new opportunities. As demand for solid-state batteries rises, Latin America’s role as a resource hub and emerging market will become more important.

By Region

North America

• The U.S.
• Canada

Europe

• Germany
• The U.K.
• France
• Italy
• Russia
• Spain
• Benelux
• Nordic
• Rest of Europe

Asia-Pacific

• • China
• • Japan
• • South Korea
• • India
• • ANZ
• • ASEAN
• • Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Argentina
• Colombia
• Rest of Latin America

Middle East & Africa

• Saudi Arabia
• UAE
• South Africa
• Israel
• Egypt
• Rest of MEA

Competitive Landscape

The competitive landscape of the solid-state battery market is rapidly evolving, with many companies and research institutions actively developing new technologies to overcome the limitations of traditional batteries. Many players are aiming to improve energy density, safety, and manufacturing scalability, which is driven by the growing demand for high-performance batteries, mainly in industries like electric vehicles and consumer electronics. 

While large corporations lead the charge with significant investments, startups and smaller companies are also making breakthroughs, often partnering with automakers and tech firms to accelerate innovation. The market is highly dynamic, with collaborations, acquisitions, and technological advancements shaping the future of solid-state battery development, promising more efficient, safer, and longer-lasting energy solutions.

• Toyota
• Volkswagen Group
• BMW
• Ford Motor
• SK Innovations
• Samsung SDI
• Toshiba
• Mitsubishi Electric
• CATL
• SEEO
• 24M Technologies
• Ampcera Inv
• OXIS Energy
• Sakti3
• Ilika PLC
• BrightVolt
• Prieto Battery
• SES AI Corp
• Blue Current
• Other Key Players

Recent Developments

• In April 2025, ITEN introduced a major advancement in energy storage. ITEN’s latest SSB achieves an unprecedented 200C discharge rate (200 times the battery’s capacity per hour) -100 times higher than conventional Li-ion batteries—setting a new benchmark for lower energy storage, which is now being manufactured at scale to build the Powency product family, with the company’s high-volume production capabilities ready to meet growing demand for IoT and other connected devices across various industries.
• In January 2025, Microvast Holdings, Inc. announced a major milestone in the development of its True All-Solid-State Battery (ASSB) technology, which represents a key step forward in improving safety, energy density, and efficiency for critical applications like data center backup power systems and electric school buses, while also creating the way for future innovations in robotics and other high-demand sectors such as electric vehicles.
• In September 2024, Factorial Inc. introduced Solstice™, an all-solid-state battery that can revolutionize the safety, performance, and sustainability of the next generation of electric vehicles (EVs), which is set to achieve a breakthrough energy density of up to 450 Wh/kg and incorporates a novel dry cathode design for more efficient and sustainable production. Solstice™ complements Factorial’s industry-leading FEST® for automotive and other electric mobility applications while expanding Factorial’s total addressable market to include consumer electronics.
• In June 2024, TDK Corporation announced that it developed a material for CeraCharge, a next-generation solid-state battery with an energy density of 1,000 Wh/L, approximately 100 times greater than the energy density of TDK’s conventional solid-state battery, as the company's technology is aimed at a solution that can be used in various wearable devices, such as wireless earphones, hearing aids and even smartwatches, with the goal of replacing existing coin cell batteries.