Solid State Battery Market Size, Share, and Trends 2026 to 2035

Revenue, 2025

USD 1.63 Bn

Forecast Year, 2035

USD 31.71 Bn

CAGR, 2026 - 2035

34.56%

Report Coverage

Global

What is the Solid State Battery Market Size?

The global solid state battery market size is calculated at USD 1.63 billion in 2025 and is predicted to increase from USD 2.22 billion in 2026 to approximately USD 31.71 billion by 2035, expanding at a CAGR of 34.56% from 2026 to 2035.

Solid State Battery Market Key Takeaways

• Asia Pacific dominated the solid-state battery market with the largest market share of 53.97% in 2025.
• Europe is expected to grow with the highest CAGR during the forecast period.
• By type, the thin-film battery segment has held the largest market share of 37% in 2025.
• By type, the portable battery segment is anticipated to grow with the highest CAGR during the forecast period.
• By application, the consumer & portable electronics segment contributed the highest market share of 34% in 2025.
• By application, the electric vehicles segment is projected to witness the fastest CAGR during the forecast period.
• By capacity, the Below 20 mAh segment captured the biggest market share of 43% in 2025.
• By capacity, above 500mAh segment is likely to exhibit the highest growth rate during the forecast period.

Market Overview

The solid-state battery market is an integral segment of the battery industry. This industry deals in manufacturing and distribution of solid-state batteries for numerous end-users. There are different types of solid-state batteries available in the market consisting of thin film batteries and portable batteries. These batteries comes with different capacities such as below 20mah, 20mah-500mah and above 500mah. It finds several applications in various sectors comprising of consumer & portable electronics, electric vehicles, energy harvesting, wearable & medical devices and some others. The growing demand for sustainable battery technology has boosted the market growth. This market is expected to rise significantly with the growth of the energy and power industry around the world.

What is the Role of AI in Solid State Battery Market?

AI plays a prominent role in the battery industry. Nowadays, most of the battery companies have invested huge amount for integrating AI in their manufacturing facilities for developing high-grade batteries in less amount of time. In solid state battery industry, AI-based platform helps in enhancing battery performance by optimizing charging methods, predicting battery health, and extending battery life. Moreover, AI helps in designing of solid-state batteries according to the requirement of the users. Thus, the adoption of AI in solid state battery industry plays a transformative role in shaping the industry in a positive direction.

• In June 2024, Honey launched battery manufacturing excellence platform (Battery MXP). It is an AI-based platform that helps in battery production by reducing manufacturing costs.

Increasing Research and Development Activities Propels the Market Expansion

Due to increased research and development activities linked to solid state batteries, the market for solid state battery is growing at a rapid pace. The high adoption of solid-state battery in electric vehicles, expanding application scope of solid-state battery in diverse industries, mass production of electronic devices and equipment, and increasing deployment of internet of things to promote solid state battery adoption, as well as the incorporation of light weight and flexible batteries in digital wearable devices, are all the factors fueling the growth of the global solid state battery market during the forecast period.

Presence of Alternatives Restrains the Industrial Growth

The alternatives or substitutes for the solid-state batteries are graphene batteries, fluoride batteries, sand batteries, ammonia-powered batteries, and lithium-Sulphur batteries. The fluoride batteries can last up to eight times as along as solid-state batteries. The new type of battery is lithium-ion battery that employs silicon instead of graphite to reach three times the performance of current graphite li-ion batteries. The battery is still lithium-ion, like those used in smartphone, but the anodes are made of silicon rather than graphite. All these batteries are restricting the growth of the solid-state battery market over the projection period.

Rapid Investment in Solid State Batteries Industry to Shape the Future

The solid-state battery industry has gained serious attention in recent times. These batteries are useful for numerous applications in different end-user industry due to several benefits such as high energy density, space efficiency, high charging speed and some others. Also, this battery technology is considered safer than other traditional batteries. Thus, battery manufacturers and government of several countries have invested rapidly for developing solid-state batteries for gaining maximum consumer attraction in the upcoming future.

• In September 2023, the U.S. Department of Energy (DOE) Office of energy efficiency and renewable energy (EERE) has announced an investment of US$ 16 million. This investment is done for developing solid-state lithium batteries (SSBs) for EVs and portable devices.

Solid State Battery Market Growth Factors

• Rising adoption of EVs around the world is seen to promote the expansion of solid state battery market.
• The rising emphasis over numerous benefits of solid-state batteries is another growth factor for the industry.
• Rise in renewable energy sector across the globe is observed to create a substantial promoting factor for the industry.

Market Scope

Segment Insights

Type Insights

The thin-film battery segment has held the largest market share of 37% in 2025. Due to their efficient recharge rate and compact shape, these batteries are mostly employed in internet of things and wearable devices such as smartwatches and fitness bands. Thin film batteries, unlike traditional batteries, have low impact on environment, which is predicted to boost the growth of the global solid state battery market throughout the projection period.

The portable battery segment is anticipated to grow with the highest CAGR during the forecast period. Solid state batteries are currently found in a variety of portable gadgets and consumer electronics. Despite the fact that the use of these batteries in electronics is still in their early stages, they have a wide range of applications, including cameras, mobile phones, laptops, calculators, and torches.

Capacity Insights

the Below 20 mAh segment captured the biggest market share of 43% in 2025. The thin film batteries are the most common type of battery used in this segment, and they are used in variety of applications such as wireless sensors, cosmetic patches, and others. The rising demand for portable devices among the people has boosted the market expansion.

The above 500mAh segment, on the other hand, is predicted to develop at a rapid rate over the projection period. The demand for this kind of batteries is being driven by government policies promoting renewable energy transportation. Furthermore, rising demand for battery energy storage systems in the diverse sectors is likely to boost the segment growth.

Application Insights

The consumer & portable electronics segment contributed the highest market share of 34% in 2025. The increased purchases of electronic gadgets such as computers and mobile phones are projected as a result of rapid urbanization and growing disposable incomes. Over the forecast period, this tendency is expected to support the segment expansion.

The electric vehicles segment, on the other hand, is predicted to develop at the quickest rate in the future years. The battery technology developments, as well as favorable regulatory frameworks encouraging the adoption of electric vehicles over gasoline or fuel-based vehicles, are likely to drive the growth of the segment.

Regional Insights

What is the Asia Pacific Solid State Battery Market Size?

The Asia Pacific solid state battery market size was evaluated at USD 880 million in 2025 and is predicted to be worth around USD 17,223 million by 2035, rising at a CAGR of 34.64% from 2026 to 2035.

Asia Pacific dominated the solid-state battery market with the largest market share of 53.97% in 2025. Over the projection period, rising population in India and China, as well as favorable government regulations aimed at reducing carbon emissions from automobiles and encouraging the usage of electric vehicles, is likely to boost the growth of the solid-state battery market in the Asia-Pacific region. Moreover, the government of several countries such as China and South Korea has made investment for developing high-grade solid-state batteries, thereby boosting the market growth.

• In May 2024, the government of China announced to invest around US$ 830 million for developing the solid-state battery industry.

Europe is expected to develop at the fastest rate during the forecast period. The rapid expansion of the solid-state battery market in the Europe can be attributed to the region's stringent application of favorable regulatory frameworks and laws for the deployment of battery energy storage systems and electric automobiles. Moreover, the presence of several electric vehicle manufacturers such as BMW, AUDI, Volkswagen and some others has boosted the market growth in this region.

What are the Advancements in the Solid State Battery Market in North America?

North America is witnessing significant growth in the market. This growth is driven by the rising demand for safer and higher-performing energy storage systems, particularly in electric mobility and renewable energy integration. Solid-state batteries have become ideal for next-generation lithium-metal and lithium-sulfur batteries. As government initiatives push for localizing advanced battery manufacturing, the region is expected to emerge as a leading contributor in the global market.

U.S. Solid State Battery Market Trends: The regional market is gaining significant momentum as the demand for next-generation batteries rises, particularly in electric vehicles, consumer electronics, and grid energy storage. Startups and established players are also filing increasing numbers of patents for solid-state electrolyte technologies, highlighting innovation.

What are the Key Trends in the Solid State Battery Market in Latin America?

Latin America is expected to witness substantial growth in the market, driven by the increasing adoption of electric vehicles and portable electronics. The region is also witnessing a rising demand for safer, higher-energy-density batteries in EVs. Government initiatives are also increasingly promoting clean energy and sustainable transportation. Growing industrialization and urbanization are further fueling market demand. Countries like Brazil and Mexico are leading players.

Brazil Solid State Battery Market Trends: The region is witnessing growing collaborations between battery manufacturers, automotive OEMs, and material science companies, thus accelerating large-scale research and development initiatives. However, commercialization remains limited due to high production costs and challenges in scaling manufacturing capabilities.

How is the Middle East and Africa Region Growing in the Solid State Battery Market?

The Middle East and Africa region is experiencing steady growth in the market. This growth is due to factors like rapid industrialization and economic diversification initiatives, which help to foster innovation and development. This growth is also driven by the region's energy transition goals, the electrification of transport, and the growing need for flexible power infrastructure. Countries like Saudi Arabia, UAE, and South Africa are leading players.

Saudi Arabia Solid State Battery Market Trends: The country's growth is fueled by the rising adoption of electric vehicles, increased deployment of renewable energy projects requiring grid-level storage, and the expanding use of backup systems across various industrial and commercial applications. Demand is expected to grow strongly as solid-state batteries offer higher energy density, improved safety, and longer lifespans compared to conventional lithium-ion batteries.

Value Chain Analysis of the Solid State Battery Market

• Raw Material Sourcing: This stage deals with the sourcing of raw materials required to produce solid-state batteries, such as solid electrolytes, cathode active materials, anode materials, and current collectors.
  Key Players: BASF, Umicore, Mitsubishi
• Manufacturing Process: In this stage, the raw materials are processed into solid state cells through powder synthesis, tape casting, cell stacking, lamination, thin film deposition, and high-pressure curing.
  Key Players: Toyota, QuantumScape, Samsung
• Distribution Process: The finished solid-state batteries are packaged and distributed through strategic OEM partnerships, pilot-scale supply agreements, early commercial contracts, and long-term partnerships.
  Key Players: Toyota, BMW, Panasonic

Solid State Battery Market Companies

• BrightVolt Inc.
• Cymbet Corporation
• Solid Power Inc.
• Toyota Motor Corporation
• Excellatron Solid State LLC
• Robert Bosch GmbH
• Altair Nanotechnologies
• Quantumscape Corporation
• Apple Inc.
• Dyson Ltd.

Industry Leaders' Announcements

• In April 2024, William Li, the CEO of Nio announced plans for developing 150kWh batteries for EVs from June/July of 2024. These EV batteries are expected to provide a driving range of 1000 kms on a single charge.

Segments Covered in the Report

By Type

• Thin Film Battery
• Portable Battery

By Capacity

• Below 20mAh
• 20mAh-500mAh
• Above 500mAh

By Application

• Consumer & Portable Electronics
• Electric Vehicles
• Energy Harvesting
• Wearable & Medical Devices
• Others

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World