Electric Vehicle Solid State Battery Market By Vehicle Type, By Propulsion Type, By Battery Energy Density: Global Opportunity Analysis and Industry Forecast, 2025-2035

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: ELECTRIC VEHICLE SOLID STATE BATTERY MARKET, BY VEHICLE TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Passenger Car
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Commercial Vehicle
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country

CHAPTER 5: ELECTRIC VEHICLE SOLID STATE BATTERY MARKET, BY PROPULSION TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Battery Electric Vehicle
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Hybrid Electric Vehicle
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country

CHAPTER 6: ELECTRIC VEHICLE SOLID STATE BATTERY MARKET, BY BATTERY ENERGY DENSITY
6.1 Overview
6.1.1 Market size and forecast
6.2 Less than 450 Wh/kg
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 More than 450 Wh/kg
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country

CHAPTER 7: ELECTRIC VEHICLE SOLID STATE BATTERY MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Vehicle Type
7.2.3 North America Market size and forecast, by Propulsion Type
7.2.4 North America Market size and forecast, by Battery Energy Density
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Vehicle Type
7.2.5.1.3 Market size and forecast, by Propulsion Type
7.2.5.1.4 Market size and forecast, by Battery Energy Density
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Vehicle Type
7.2.5.2.3 Market size and forecast, by Propulsion Type
7.2.5.2.4 Market size and forecast, by Battery Energy Density
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Vehicle Type
7.2.5.3.3 Market size and forecast, by Propulsion Type
7.2.5.3.4 Market size and forecast, by Battery Energy Density
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Vehicle Type
7.3.3 Europe Market size and forecast, by Propulsion Type
7.3.4 Europe Market size and forecast, by Battery Energy Density
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Vehicle Type
7.3.5.1.3 Market size and forecast, by Propulsion Type
7.3.5.1.4 Market size and forecast, by Battery Energy Density
7.3.5.2 France
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Vehicle Type
7.3.5.2.3 Market size and forecast, by Propulsion Type
7.3.5.2.4 Market size and forecast, by Battery Energy Density
7.3.5.3 Netherlands
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Vehicle Type
7.3.5.3.3 Market size and forecast, by Propulsion Type
7.3.5.3.4 Market size and forecast, by Battery Energy Density
7.3.5.4 Norway
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Vehicle Type
7.3.5.4.3 Market size and forecast, by Propulsion Type
7.3.5.4.4 Market size and forecast, by Battery Energy Density
7.3.5.5 UK
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Vehicle Type
7.3.5.5.3 Market size and forecast, by Propulsion Type
7.3.5.5.4 Market size and forecast, by Battery Energy Density
7.3.5.6 Rest of Europe
7.3.5.6.1 Key market trends, growth factors and opportunities
7.3.5.6.2 Market size and forecast, by Vehicle Type
7.3.5.6.3 Market size and forecast, by Propulsion Type
7.3.5.6.4 Market size and forecast, by Battery Energy Density
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Vehicle Type
7.4.3 Asia-Pacific Market size and forecast, by Propulsion Type
7.4.4 Asia-Pacific Market size and forecast, by Battery Energy Density
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Vehicle Type
7.4.5.1.3 Market size and forecast, by Propulsion Type
7.4.5.1.4 Market size and forecast, by Battery Energy Density
7.4.5.2 India
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Vehicle Type
7.4.5.2.3 Market size and forecast, by Propulsion Type
7.4.5.2.4 Market size and forecast, by Battery Energy Density
7.4.5.3 Japan
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Vehicle Type
7.4.5.3.3 Market size and forecast, by Propulsion Type
7.4.5.3.4 Market size and forecast, by Battery Energy Density
7.4.5.4 South Korea
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Vehicle Type
7.4.5.4.3 Market size and forecast, by Propulsion Type
7.4.5.4.4 Market size and forecast, by Battery Energy Density
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Vehicle Type
7.4.5.5.3 Market size and forecast, by Propulsion Type
7.4.5.5.4 Market size and forecast, by Battery Energy Density
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Vehicle Type
7.5.3 LAMEA Market size and forecast, by Propulsion Type
7.5.4 LAMEA Market size and forecast, by Battery Energy Density
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Vehicle Type
7.5.5.1.3 Market size and forecast, by Propulsion Type
7.5.5.1.4 Market size and forecast, by Battery Energy Density
7.5.5.2 Middle East
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Vehicle Type
7.5.5.2.3 Market size and forecast, by Propulsion Type
7.5.5.2.4 Market size and forecast, by Battery Energy Density
7.5.5.3 Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Vehicle Type
7.5.5.3.3 Market size and forecast, by Propulsion Type
7.5.5.3.4 Market size and forecast, by Battery Energy Density

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Cymbet
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Contemporary Amperex Technology Co., Limited
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Ilika
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 LG Chem
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Northvolt AB
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Panasonic Corporation
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 QuantumScape Corporation
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Samsung SDI Co., Ltd.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Solid Power
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 TOYOTA MOTOR CORPORATION
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 TDK Corporation
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 ST Microelectronics
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments

Executive Summary

The Electric Vehicle Solid State Battery Market is likely to experience a significant growth rate of 18.0% from 2025-2035 owing to increasing market demand from automotive sector.

A solid-state battery is a type of rechargeable energy storage device that is functionally and structurally comparable to the lithium-ion battery. In contrast to the liquid or polymer gel electrolytes found in lithium-ion or lithium polymer batteries, solid-state batteries use solid electrodes and an electrolyte.

Key factors driving the growth of the electric vehicle solid state battery market include rise in demand for fast electric vehicle charging, increase in adoption of long range electric vehicles, technical benefits provided by solid state batteries such as increased safety as compared to traditional lithium ion batteries.

The development of solid-state batteries helps to evolve sustainable energy solutions and keep up with changing trends and technological developments. All-solid-state batteries, unlike lithium-ion batteries, use a solid rather than a liquid electrolyte, which improves the electrochemical stability of the battery. This transition from liquid to solid electrolytes is important because it eliminates some of the major problems associated with the more commonly used lithium batteries such as highly flammability, risk of thermal runaway and leakage of toxic substances. These benefits have attracted the attention of numerous electric vehicle (EV) manufacturers. Batteries are sensitive to high temperatures and can easily overheat or catch fire if the case is damaged or defective. This threat has been a major factor in many researchers and battery designers reconsidering the view of solid-state batteries, which are non-flammable and less prone to spontaneous combustion, as a safer and better alternative for electric vehicles. Moreover, solid electrolytes allow solid state batteries to be safer, as most solid electrolytes are flammable compared to liquid electrolytes. Such benefits are expected to drive the growth of the market.

The market also offers growth opportunities to the key players in the market. The rise in number of passenger and commercial vehicles globally has increased the emission of pollutants such as nitrogen oxides, carbon monoxide, and other polluting agents in the environment. Surge in pollution has made way for environmental degradation which led to the implementation of strict policies and regulations by the governments across the globe to reduce the environmental impact of automobiles in the region. For instance, in September 2020, the state government of California, U.S. signed an executive order banning the sales of passenger vehicles powered by gasoline and diesel in the state by 2035. Moreover, the U.S. Environmental Protection Agency (EPA) announced that they are working on new rules to decrease emissions of nitrogen oxide (NOx) and other pollutants from heavy-duty trucks. Such growth in policies and regulations implemented by governments, is expected to drive the demand for the electric vehicle batteries which in turn will create an opportunity for electric vehicle solid state battery market.

The electric vehicle solid state battery market is segmented into vehicle type, propulsion type, battery energy density, and region. On the basis of vehicle type, the market is categorized into passenger car, and commercial vehicle. On the basis of propulsion type, it is categorized into battery electric vehicle, and hybrid electric vehicle. On the basis of battery energy density, it is fragmented into less than less than 450 Wh/kg and more than 450 Wh/kg. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Netherlands, Norway, UK, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

The key players profiled in the study includeCymbet, Contemporary Amperex Technology Co., Limited (CATL), Ilika, LG Chem, Northvolt AB, Panasonic Corporation, QuantumScape Corporation, Samsung SDI Co., Ltd., Solid Power, STMicroelectronics, Toyota Motor Corporation, and TDK Corporation. The players in the market have been actively engaged in the adoption various strategies such as expansion, agreement, collaboration, expansion, product launch, and product development to remain competitive and gain advantage over the competitors in the market. For instance, in July 2022, LG Chem issues new bonds worth US$300 million to help improve the competitiveness of its electric vehicle (EV) battery materials business and fund new investments in green businesses.

Key Market Insights

By vehicle type, the passenger car segment was the highest revenue contributor to the market, and is estimated to reach $1,439.2 million by 2035, with a CAGR of 17.3%. However, the commercial vehicle segment is estimated to be the fastest growing segment with the CAGR of 20.3% during the forecast period.

By propulsion type, the battery electric vehicle segment dominated the global market, and is estimated to reach $1,347.2 million by 2035, with a CAGR of 18.7%.

Based on battery energy density, the less than 450 Wh/kg segment was the highest revenue contributor to the market, with $217.1 million in 2025, and is estimated to reach $1,086.5 million by 2035, with a CAGR of 17.5%.

Based on region, Asia-Pacific was the highest revenue contributor, accounting for $140.6 million in 2025, and is estimated to reach $797.4 million by 2031, with a CAGR of 18.9%.

Companies Mentioned

• Cymbet
• Ilika
• LG Chem
• Northvolt Ab
• Panasonic Corporation
• Quantumscape Corporation
• Samsung Sdi Co. Ltd.
• Solid Power
• Toyota Motor Corporation
• Tdk Corporation
• St Microelectronics
• Contemporary Amperex Technology Co. Limited

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.