Solid State Battery Market Outlook:
Solid State Battery Market was valued at USD 1.6 billion in 2025 and is expected to secure a valuation of USD 27.7 billion in 2035, expanding at a CAGR of 38% during the forecast period, i.e., 2026-2035. In 2026, the industry size of solid state battery is estimated at USD 2.3 billion.
The frequently rising demand for electric vehicles is contributing to the growing trade of solid state batteries. In these batteries, the energy density remains high, along with fast charging times and improved safety features as compared to standard lithium-ion batteries, which makes them suitable for use in EVs. The automotive industry is increasingly investing in solid state battery advancements, aimed at elevating performance standards and satisfying demand from consumers. For instance, in August 2025, Nissan Motor Co., Ltd. partnered with U.S.-based LiCAP Technologies, Inc. to develop dry cathode electrode production technology, enhancing efficient manufacturing and supporting the commercialization of all-solid-state batteries through improved production processes and streamlined industrial-scale deployment. Such strategic developments are creating lucrative avenues for market players’ revenue growth.
Various companies in solid state battery development are advancing their research from labs to near-term commercialization. In September 2023, Toyota Motor Corporation’s solid-state battery aims for a 20% longer driving range and sub-10-minute charging, while a higher-spec lithium-ion solid-state version targeting 50% greater range than performance batteries are also being developed. The strategies of leading automotive companies indicate their rising trust in solid state battery technologies. The deployment transition of R&D research combines innovative breakthroughs that are redefining energy storage solutions and mobile systems for applications.
