Solid-state battery uses solid electrodes and solid electrolytes, instead of the liquid or polymer electrolytes found in conventional lithium-ion or lithium polymer batteries. Pacemakers, radio-frequency identification (RFID), and wearable devices all use solid-state batteries. Solid state batteries are becoming more widely used in the healthcare, wearables, and drones sectors, which is fueling their rise. Furthermore, the growing demand for solid state batteries in electric vehicles contributes to the global market's expansion.
MARKET SCOPE
The "Global Solid state battery Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the solid state battery market with detailed market segmentation by type, capacity, application, and geography. The report provides key statistics on the market status of the leading solid state battery market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on type, the global solid state battery market is segmented into lead acid, nickel metal hybrid battery, lithium-ion, and lithium metal battery.
? On the basis of capacity, the market is segmented into less than 20 mah, 20mah-500mah, and above 500 mah.
? On the basis of application, the market is segmented into electric vehicles, smart card, medical devices, consumer electronics, and wireless devices.
MARKET DYNAMICS
Drivers:
? Increasing application scope of solid state batteries in the healthcare.
? Rising deployment of IOT to promote adoption of solid state batteries along with incorporation of flexible and lightweight batteries in wearable devices.
Restraints
? High cost of solid state batteries and complex manufacturing process of solid state batteries will hamper the growth of the solid state battery in the above mentioned forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The solid state battery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the solid state battery market in these regions.
IMPACT OF COVID-19 ON SOLID STATE BATTERY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the solid state battery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from solid state battery market are anticipated to lucrative growth opportunities in the future with the rising demand for solid state battery in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the solid state battery market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? BRIGHTVOLT INC.
? CYMBET CORPORATION
? Excellatron Solid State, LLC
? Planar Energy Devices, Inc.
? Polyplus Battery Companies
? QUANTUMSCAPE CORPORATION
? Robert Bosch GmbH
? Solid Power
? PROLOGIUM TECHNOLOGY
? STMICROELECTRONICS N.V.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.