Solid State Battery Market Is Booming Worldwide | Top key Players Like Cymbet Corporation, Seeo Inc. (Robert Bosch GMBH subsidiary), StmicroElectronics, Toyota Motor Corporation, Sakti3

Allied Market Research published a report, titled, Solid State Battery Market by Type (Thin-film Battery and Portable Battery), Capacity (Less than 20 mAh, Between 20 mAh and 500 mAh, and 500 mAh and above), and Application (Consumer and Portable Electronics, Electric Vehicle, Energy Harvesting, Wearable and Medical Devices, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025.

The report provides in-depth analyses of the key winning strategies, drivers & opportunities, market share & estimations, key market segments, and competitive landscape. According to the report, the global market garnered $53 million in 2017 and is expected to reach $1,407.7 million by 2025, registering a CAGR of 49% from 2018 to 2025.

20 mAh to 500 mAh segment to garner highest revenue by 2025

The 20 mAh to 500 mAh battery capacity segment accounted for nearly two-thirds of the total market share in 2017 and is expected to maintain its lead throughout the forecast period. This is attributed to its increasing application in mobile phones, smart devices, and several other battery-operated home appliances.

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Electric vehicle segment to render the fastest growth by 2025

The consumer and portable electronics segment contributed 42% of the total market share in 2017 and would maintain its lion's share throughout the forecast period. This is due to the growing demand for solid state batteries in portable electronics such as laptops and mobile phones. However, the electric vehicle segment is expected to grow at the fastest CAGR of 58.9% from 2018 to 2025

North America to remain dominant, Europe to grow the fastest

North America generated the highest revenue of 35% in 2017 and is anticipated to continue its dominance during the forecast period. This is due to the increase in demand for batteries from packaging, smart cards, and electric vehicle sectors in the region. The U.S. is the major revenue contributor to the North American solid state battery market. However, Europe would grow at the fastest CAGR of 54% from 2018 to 2025

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Key Findings of the Solid state battery Market:
o In 2017, based on application, the consumer and portable electronics segment accounted for three-sevenths share in application segment of the global solid state battery market.
o Based on application, the electric vehicle segment is anticipated to grow at the highest CAGR during the forecast period.
o In 2017, based on type, the portable battery segment nearly occupied six-sevenths share.
o In 2017, based on region, North America accounted for one-third share of the global market.

Top players of the industry

The key market players analyzed in the report include Cymbet Corporation, Seeo Inc. (Robert Bosch GMBH subsidiary), StmicroElectronics N.V., Toyota Motor Corporation, Sakti3 Inc. (Dyson Ltd subsidiary) and Brightvolt, Inc. The other key players include Excellatron Solid State, LLC, Infinite Power Solution, Inc., Planar Energy Devices, Inc., QuantumEscape, Altairnano, and Solid Power, Inc.

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