The global solid-state battery market is expected to grow at a significant CAGR during the forecast period as solid-state batteries are emerging to be potential alternatives, superseding conventional lithium-ion batteries. Solid-state batteries utilize solid electrodes and electrolytes as opposed to liquid or polymer electrolytes in lithium-ion batteries. The increasing demand for pacemakers, radio-frequency identification (RFID), and wearable devices boost the growth of the global solid-state battery market. Besides, the demand for solid-state batteries in healthcare, wearable, and drone applications is also on the rise. Solid-state batteries are an indispensable component of next-generation traction batteries. The high-performance and reduced cost, along with low flammability, higher electrochemical stability, higher potential cathodes, and higher energy density, are a few other driving factors of the solid-state batteries over liquid electrolyte batteries.
- In the 1950s, the first solid-state battery that incorporated silver-ion conducting electrolytes was developed
- In 1990, a new version of solid-state batteries was developed by the Oak Ridge National Laboratory, later incorporated into thin-film lithium-ion batteries
- In 2013, the University of Colorado developed a solid-state lithium battery using solid composite cathode
- In 2014, a solid-state lithium-ion battery with high energy capacity was introduced
- In 2017, a new solid-state battery with glass electrolyte and the metal anode was introduced
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง, ๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ ๐ญ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐๐๐ซ๐ โฆ https://straitsresearch.com/report/solid-state-battery-market/request-sample
The impacts of COVID-19 are quite detrimental in the short term, and its long-term impacts are still unknown. Semiconductor companies around the world are evaluating impacts on the pandemicโs impact on the supply chain, market demand, and workforce. The spread of the virus has disrupted global supply chains, wherein the government imposed lockdowns and certain restrictions. Product demand has changed as consumer behavior, which is continuously changing rapidly and with future volatility. Employees have been asked to work from home, whereas several businesses are suspended. Accenture reports that Overall, the 2020 semiconductor revenue projection has been reduced by USD 56.0 billion to USD 415.4 billion, and annual growth for 2020 has been reduced from 13.5% to 0.9%.
By Region
- North America
- Europe
- Asia-Pacific
- SAMEA
