Automotive Solid-State Battery Market 2021: Growing Demand Analysis by Companies Strategy, Developments, Market Position, Opportunities, and New Product Launches

The Automotive Solid-State Battery Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Automotive Solid-State Battery Market Size is Projected to Reach at a CAGR of 49% during 2021-2027.

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Top Leading Companies:

Toyota, BMW Group, Enevate, Hitachi, Ilika, Ionic Materials, Johnson Battery Technologies, LG Chem, Murata Manufacturing, NGK Spark Plug, NanoGraf, Nichia, Nippon Chemical Industrial, Panasonic, QuantumScape, Sakti3, Samsung SDI, Seeo, Sila Nanotechnologi

Recent Developments

In May 2021, Solid Power unveiled its solid-state platform technology by showcasing its new 77 kWh SSB. The battery is around 44% smaller and 35 kg lighter than conventional lithium-ion batteries. According to the company, its use in EVs can increase vehicle range by around 14-16%.
In March 2021, Toyota announced its rechargeable solid-state car battery development and its prototype car, which will be launched in 2021. The company announced that the EV using the solid-state car battery will ensure a range greater than 500 miles on a single charge and charge the EV battery fully in 10 minutes.
In January 2021, CATL announced the development of solid-state batteries for use in EVs in the coming years. Its batteries will come with battery densities of 200 Wh/kg, 300 Wh/kg, and 350 Wh/kg.
In December 2020, QuantumScape released its performance data for its solid-state car battery technology based on a prototype developed. It takes 15 minutes for 80% charge of the battery and has a longer range than conventional lithium-ion batteries. It can operate at a wider temperature scope.  
In October 2020, LG Chem and CATL developed an EV battery for Tesla’s Chinese production to boost energy density by 5-6 times. LG Chem is also working on developing solid-state batteries in the coming years.
In July 2020, Ilika following its earlier project on Stereax Micro solid-state batteries, the company started working on the development of Goliath solid-state batteries for use in EVs and hybrid vehicles.
In July 2020, Panasonic announced the development of a real-time observation technique for solid-state batteries. This technology will be used for the development of all-purpose solid-state batteries in the coming years.

Automotive Solid-State Battery Market Segmentation by Type:

Semi-solid
Quasi-solid
Solid

Automotive Solid-State Battery Market Segmentation by Application:

Commercial Vehicle
Passenger Car

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Europe is expected to witness significant growth during the forecast period:

The Asia Pacific region will the largest solid-state car battery market during the forecast period. The Asia Pacific solid-state car battery market will be led by countries such as China, Japan, and South Korea. The governments of these countries have supported the growth of EV demand through subsidies, favourable policies for EVs and discouraging the use of petrol. This will lead to a fast-growing demand for solid-state car batteries in the region once they come into the market. Premium EVs using solid-state batteries will be launched in China and Japan, followed by South Korea and India. Growth will be slower in the initial years but will speed up after 2026. India will be the fastest-growing market in the region due to current and upcoming EV policies. Japan will also be one of the fastest-growing markets in the region due to top OEMs such as Toyota, Nissan, and Mitsubishi and battery manufacturers working to develop solid-state batteries.

Regional Automotive Solid-State Battery Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Automotive Solid-State Battery Market Report:

Detailed overview of Automotive Solid-State Battery Market
Changing the Automotive Solid-State Battery market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Automotive Solid-State Battery market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Automotive Solid-State Battery Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Automotive Solid-State Battery Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Automotive Solid-State Battery industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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