Solid State Battery Market Size, Share, Growth, Trends and Forecast 2028
Single-Cell Batteries to hold larger market share in Global Solid State Battery Market The Single-cell battery segment is expected to lead the Solid State Battery Market during the forecast period. Single-cell batteries—also known as thin-film batteries—have been used for more than a decade. They are preferred for miniature devices. Manufacturers designing portable products with limited internal space prefer micro batteries over conventional batteries to ensure improved safety and battery life. Thin-film batteries are widely used in smart packaging, smart cards, wearable devices, and medical devices. The trend of miniaturization of electronic devices has increased the demand for thin-film solid-state batteries, driving the growth of the single-cell battery market significantly. The increasing demand for smart cards in the telecommunications, banking, and transportation sectors for payment applications boosts the growth of the market for solid-state batteries. Single-cell batteries ar