Solid State Battery Market

1. Copyright © Fact.MR All Rights Reserved Solid State Battery Market is estimated at US$ 56.9 million in 2020 and is expected to account US$ 911 million by 2031, growing at a CAGR of 30%

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3. ResearchMethodology Research & Intelligence Data Collection Actionable Insights Data Filter & Analysis Business Solution 1 Market profiling 2 Formulating discussion guide • Identifying key opinion leaders • Questionnaire design • In-depth interviews • Coverage across value chain 3 A Developing list of respondents • Key industry experts • Channel study • Developments • Market dynamics • Products • Conclusions Primary Research 4 SOLUTION Data collection • Market participants • Key strengths • Product portfolio • Mapping as per value chain • Key focus segments B 5 Desk Research Data validation 6 C Data analysis Primary Research # • Secondary Research # • Paid Publications# Company Analysis • Linkedin • Zoominfo • Salesforce • Avention • Company websites • Company annual reports • White papers • Financial reports • Factiva • GBI • Genios • Meltwater 7 Insights Systematic Research Approach Copyright © Fact.MR All Rights Reserved

4. Report Scope & Segmentation According to Fact.MR - a market research and competitive intelligence provider, portable solid state batteries accounted for around three-fourth of global solid state battery sales in 2020. Apart from this, there also has been a meteoric rise in the demand for electronic devices and wearables that has elevated overall solid state battery sales. Report Scope Digital Remittance Copyright © Fact.MR All Rights Reserved

5. Key Takeaways from the Market Study • South Asia is estimated to witness major growth during the forecast period, compared to 2021, accounting around 38% CAGR. • In 2021, East Asia is anticipated to register highest market share of around 30%, followed by North America. • Portable solid state batteries commanded higher revenue share of around 78% in 2020, though the market for thin film solid state batteries is estimated to witness faster growth. • In terms of capacity, revenue through 20mAh – 500mAh solid state batteries is expected to grow by 130 BPS. • Electric vehicles are expected to generate around US$ 129 Mn absolute dollar opportunity for solid state battery manufacturers during 2021 – 2031. • Top five players manufacturing solid state batteries accounted for 67% market share in 2020. • “Growing interest of automotive manufacturers towards increasing their fleet of electric vehicles can be observed in their partnerships with solid state battery manufacturers – most of them being start-ups. It is suggestive of the opportunity lying ahead for solid state battery manufacturers with surge in the penetration of electric vehicles,” says a Fact.MR analyst. • Get To Know More About The Market Copyright © Fact.MR All Rights Reserved

6. Electric Vehicle Penetration Reaching New Heights – What Does it Mean for Solid State Batteries? • While it is no more a wise-man’s talk today that electric vehicles are good for users as well as the environment in every aspect, technology providers have been working to make their offerings more suited to new energy vehicles, while at the same time minimizing costs associated with them. • The global electric cars market has been growing at around 40% year-on-year, as most prominent passenger car manufacturers around the world are routing their investments towards alternative fuel vehicles. In 2019, electric car sales clocked 2.1 Mn units globally, which also carried on its back the demand for materials used in them, including solid state batteries. Request For Sample Report Copyright © Fact.MR All Rights Reserved

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