Solid state battery is made by electrodes and electrolytes materials which are light in weight and durable in nature. With high execution productivity, solid state batteries are more secure than fluid state batteries. They are used in pacemakers, radio-frequency identification and wearable devices. Solid state battery finds application in healthcare industry, drones sector and others. They are considered to be safer than the traditional lithium batteries as they do not contain flammable liquid electrolyte solution and also contain more energy units than the traditional battery.
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The market is segmented on the basis of type as thin-film batteries, portable batteries, other batteries; capacity as less than 20 mAh, between 20 mAh -500 mAh, 500 mAh, above; application as consumer electronics, electric vehicle, energy harvesting, entertainment, medical devices, packaging, portable devices, smart cards, wearable devices, wireless communication, others
According to Data Bridge Market Research, Global Solid State Battery Market is expected to reach USD 16,783.84 million by 2025, growing at a healthy CAGR of 72.3% during the forecast period of 2018 to 2025
Some of the major players operating in the market are Cymbet, Robert Bosch GmbH, STMicroelectronics V., TOYOTA MOTOR CORPORATION,., BrightVolt.,., Excellatron, ,., Planar Energy Solid Power, . HUBER+SUHNER, , Boingo Wireless, Inc., , Dali Wireless, , Comba Telecom Systems Holdings Ltd., , CommScope,, Whoop Wireless, Bird, , Connectivity Wireless , Betacom Inc, , , GALTRONICS, , , AT&T Intellectual Property, , , Advanced RF Technologies, Inc., , and Zinwave., among others.
With the adoption of solid state battery and increasing investment, the market foresees further opportunities for the market players to enhance the appeal of the product. The demand of solid state battery is being met with the further innovations to improve the quality of products which are being offered to their customers.
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Global Solid State Battery Market- Industry Trends and Forecast to 2025