Global Solid State Chip Battery Market – Industry Trends and Forecast to 2029

Solid State Chip Battery Market Analysis and Size

When compared to traditional Li-ion batteries with liquid electrolytes, solid-state batteries are safer, more stable, and have higher energy densities. They are used in many different applications, the global market has been examined using revenue generated from commercialised solid-state battery sales. Furthermore, investment from industry titans such as Apple, Samsung, Volkswagen, and BMW was examined in order to arrive at the figures.

Data Bridge Market Research analyses that the solid state chip battery market was valued at USD 326.11 million in 2021 and is expected to reach the value of USD 2811.13 million by 2029, at a CAGR of 30.9% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Solid State Chip Battery Market Scope and Segmentation

Market Definition

A chip battery is a thin film battery made up of two or more electrochemical cells that help to convert chemical energy into electrical energy. Chip batters are small single cell batteries made up of metal components to protect the body from circuit breakage or wire. Chip batters are light weighted, flexible, and compact batteries with several advantages such as shapes, customization services to customers by fitting into any product according to the customers’ convenience and sizes without any loss of efficiency.

Global Solid State Chip Battery Market Dynamics

Drivers

• Product innovations and R&D activities

Solid-state chip batteries have a higher energy density, a more solid structure, greater stability, and are safer to use than lithium-ion batteries. Despite some limitations, such as low ionic conductivity, high reactivity, and higher cost, their demand is rapidly increasing. To overcome such constraints, various solid-state electrolytes are made from various materials. Although solid polymer and inorganic electrolytes are excellent for all-solid-state batteries, they have limitations such as low ionic conductivity and poor mechanical properties. These limitations have been overcome by the development of Composite Solid Electrolytes (CSEs) that contain active or passive inorganic fillers and polymer matrices. Many companies are working on developing solid-state batteries. Such initiative by major players is accelerating the adoption of solid-state chip batteries.

• Longer shelf-life and environment friendly

Solid-state chip batteries are said to be safer, cheaper, and last longer. Sodium-ion chemistries are particularly promising because sodium is cheap and plentiful, in contrast to lithium, which is mined at a high environmental cost. The goal is to develop batteries that can be used in large-scale grid energy storage applications to store energy generated by renewable energy sources in order to reduce peak demand. A solid state chip battery has the potential to address several issues with current Li-ion batteries. The use of an alkali-metal anode, which is not possible with a traditional battery, increases the energy density of the c cathode and provides long life. It is assumed that the solid-state electrolyte is not flammable or self-ignitable. The non-combustible property of a solid state chip battery reduces the risk of thermal runaway and allows

Opportunity

Wearable devices, medical devices, smart cards, and wireless communication sensors will all contribute to the growth of the solid state chip battery market. Increased adoption of wireless sensors across industries will provide growth opportunities for the solid state chip battery market during the forecast period.

Restraints

High initial costs and a lack of standardised infrastructure will act as a barrier to growth in the solid state chip battery market forecast period mentioned above.

This solid state chip battery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the solid state chip battery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Solid State Chip Battery Market

The COVID-19 pandemic outbreak resulted in a temporary ban on import and export and manufacturing and processing activities across various industries in the battery sector, which reduced consumer demand for solid-state rechargeable batteries, including portable electronics and electric vehicles. Furthermore, the shutdown of renewable energy plants, automotive manufacturing industries, and consumer electronics manufacturing industries due to a lack of workers, as well as an increase in the demand-supply gap, impede the growth of the solid-state battery market during the pandemic period. This will have a negative impact on market growth in the second, third, and fourth quarters of 2020. However, by the second quarter of 2021, the solid-state battery market had recovered, as COVID-19 vaccination had begun in various economies around the world, improving the global economy.

Global Solid State Chip Battery Market Scope

The solid state chip battery market is segmented on the basis of recharge ability, capacity and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Recharge Ability

• Primary Battery
• Secondary Battery

Capacity

• Below 10mAh
• Between 10mAh & 100mAh
• Above 100mAh

Application

• Consumer Electronics
• Medical Devices
• Smart Packaging
• Smart Cards
• Wearable Devices
• Wireless Sensor Nodes
• Others

Solid State Chip Battery Market Regional Analysis/Insights

The solid state chip battery market is analysed and market size insights and trends are provided by country process, recharge ability, capacity and application as referenced above.

The countries covered in the solid state chip battery market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific (APAC) is dominating the solid state chip battery market due to technological advancements in smart packaging. Adoption of solid state chip batteries in the region is influenced by medical device adoption, drug delivery systems, medical patches, and other factors.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Solid State Chip Battery Market Share Analysis

The solid state chip battery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to solid state chip battery market.

Some of the major players operating in the solid state chip battery market are:

• QuantumScape Corporation (U.S.)
• Ilika plc (U.K.)
• Solid Power, Inc. (U.S.)
• BrightVolt, Inc., (U.S.)
• Cymbet Corporation (U.S.)
• Prieto Battery Inc. (U.S.)
• Sion Power Corporation (U.S.)
• Hitachi Zosen Corporation (Japan)
• ProLogium Technology CO., Ltd. (Taiwan)
• Johnson Energy Storage, Inc. (U.S.)
• PJP Eye LTD. (Japan)
• Factorial Inc. (Spain)
• Volkswagen AG (Germany)
• Front Edge Technology, Inc. (U.S.)
• I-TEN S.A. (Italy)

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