According to the business intelligence report titled ‘Global Solid-State Car Battery Market Size study, by Type (Single-cell Battery, Multi-cell Battery) by Rechargeability (Primary Battery, Secondary Battery) by Capacity (Below 20 mAh, Between 20 mAh and 500 mAh, Above 500 mAh) by Application (Consumer Electronics, Electric Vehicles, Energy Harvesting, Medical Devices, Packaging, Wireless Sensors) and Regional Forecasts 2021-2027’, available with Market Study Report, global solid-state car battery market to grow at an annual rate of 34.2% between 2021-2027.
 

Surging demand for electric vehicles, rising trend miniaturization in consumer electronics, and growing research & development activities by key contenders are key growth drivers for global solid-state car battery market.
 

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For the unaware, solid-state car batteries mainly function on solid electrolytes instead of liquid electrolytes. They can be recharged more quickly as compared to batteries powered by liquid electrolytes and need less built-in safety technology as solid electrolytes are not flammable as liquid ones.
 

While compact nature and longer battery life of product will aid industry growth, easy availability of traditional rechargeable batteries, difficulty in manufacturing solid-state car batteries, and high setup & installation costs will act as challenges for businesses in this domain.
 

Based on type, worldwide solid-state car battery industry is divided into multi-cell battery, and single-cell battery. Speaking of rechargeability, the market sphere is bifurcated into secondary battery, and primary battery. Moving on to application scope, the business domain is split into consumer electronics, energy harvesting, electric vehicles, medical devices, wireless sensors, and packaging.
 

From regional frame of reference, North America market size is slated to expand rapidly between 2021-2027, owing to rising sales volume of premium electric vehicles which will in turn raise demand for solid-state car batteries. Meanwhile, Europe solid-state car battery industry is anticipated to grow significantly over the analysis period, due to increasing adoption of EVs because of implementation of stringent emission regulations.
 

Key players profiled in the report are Cymbet Corporation, Solid Power Inc., Robert Bosch GmbH, Toyota Motor Corporation, Excellatron Solid State LLC, BrightVolt Inc., ProLogium Technology Co. Ltd., Samsung SDI Co. Ltd., LG Chem Ltd., and QuantumScape.