Solid State Battery Market Overview and SWOT Analysis 2028
Key Revenue Solid State Batteries are gaining traction in various applications due to their advantages such as high energy density, faster charging, safety advantages, and long shelf life over conventional batteries. The Global Solid State Battery Market Size is estimated to grow from USD 58 million in 2022 to USD 314million by 2028; it is expected to grow at a CAGR of 32.5% from 2022 to 2028. Rising requirement of Solid-State Batteries in electric vehicles, the increasing trend toward the miniaturization of consumer electronics, and growing R&D activities by major companies are a few of the major factors driving the growth of the market. The below 20 mAh segment dominated the market in 2021, in terms of size, and held majority share of the overall market. Batteries that fall under the capacity range of below 20 mAh are mostly thin-film batteries and are widely used in applications such as packaging, wireless sensors, medical & cosmetic patches, and other low drain devices. B