DUBLIN--(BUSINESS WIRE)--The "Global Automotive Solid-State Battery Market: Focus on Component (Cathode, Anode and Electrolyte), Vehicle Type (Passenger Electric Vehicle, Two-Wheelers, and Commercial Vehicles), Region, and Material Technology- Analysis and Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The SSB is a futuristic and high-potential technology within the EV battery ecosystem. The technology is in a development phase and has attracted a major share from the battery R&D investment basket. The battery has a solid electrolyte instead of liquid and does not require a separator.
A major property of solid is its structural rigidity at thermal and mechanical loading. For a solid electrolyte-based cell, the ionic mobility is high due to close packing of atoms within the electrolyte. The solid-state concept allows a high operating temperature range covering most of the extreme climatic conditions. Polymer-based solid electrolyte has achieved much more success in comparison to other material technology.
The U.S. leads the development of solid-state technology with many universities working on government funded projects. Japan has also been on an aggressive forefront to develop innovative battery technology, and solid-state has a major share in the research and development.
Material manufacturers form the backbone of the battery manufacturing supply chain. The supply chain can be divided into four categories - raw material, component manufacturer, cell construction, and battery pack development.
The end of product life is an important factor, requiring a sustainable method for recycling the EV battery for recharge and reuse or material extraction. The raw material and SSB battery component accounted for over 33% of the total electric vehicle cost based on data points between 2016 and 2018.
The development of EV has led to the development of new opportunities and businesses due to the requirement of unique components and service infrastructure. The timeline is based on mass volume penetration of SSB-based EV models in the industry.
However, in the initial phase of development, the solid-state technology is estimated to have high cost varying in the range of ~$800/kWh to ~$400kWh by the year 2026. At this level, the solid-state technology is expected to be applicable in premium vehicles, supercars, and luxury cars, as they can easily accommodate such technology in their expansive cost bracket.
Between 2022 and 2026, an initial market penetration is expected in the passenger EV market as deducted from various market strategies, such as funding, investments, partnerships, and collaboration taking place in the solid-state battery ecosystem.
The market has gained significant traction due to the rapidly increasing demand for electric cars, with the global stock crossing 2 million in 2016 after crossing 1 million in 2015. The increase is attributed to the increasing initiatives from various governments and environmental agencies to encourage the sales of vehicles that run in alternate sources of energy.
Solid-state battery technology can be applied in electric passenger vehicles and commercial vehicles energy storage battery pack. The electric passenger vehicles include an estimate based on the penetration of solid-state technology in cars, bikes, scooters, and e-bikes, whereas for commercial vehicles, it is light-commercial vehicles, medium and heavy commercial vehicles, and buses.
The conventional Li-ion EV batteries, which have developed their base as a matured, tested, and efficient technology, have liquid form of electrolyte in them. The top manufacturers for liquid electrolyte-based battery are Panasonic, Samsung SDI, LG Chem, and Toshiba, among others.
1 Market Dynamics
1.2.1 Increasing Demand for Electric Vehicles
1.2.2 Stringent Governmental Regulations to Improve Fuel Economy of Vehicles Across the Globe
1.2.3 Technical and Operational Advantages of Solid-State Lithium-ion Battery
1.3.1 Technological Parameters
1.3.2 Fluctuation in Material Prices
1.4.1 Growth in Autonomous Driving Systems
1.4.2 Growth in Adoption of Electric Two-Wheeler Adoption in APAC and Europe
2 Competitive Insights
3 Industry Analysis
3.1 All Solid-State Battery Development Business Cases
3.2 Projects for Solid-State Battery (SSB) Development
3.3 Comparative Analysis of Alternate EV Battery Compositions in Existence
3.4 Supply Chain
3.5 Development Cycle of Solid-State Battery Technology
3.6 Solid-State Battery Consortiums and Associations
4 Global Automotive Solid-State Battery Market (by Vehicle Type)
4.1 Assumptions and Limitations
4.2 Passenger Electric Vehicle
4.3 Two-Wheelers (Electric)
4.4 Commercial Vehicles
5 Global Automotive Solid-State Battery Market (by Component)
5.1 Cathode Materials
6 Global Automotive Solid-State Battery Market (by Region)
6.1 North America
6.3 Asia-Pacific (APAC)
7 Company Profiles
- Ionic Materials
- LG Chem
- Murata Manufacturing
- Nippon Chemical Industrial
- Nichia Corporation
- Panasonic Corporation
- QuantumScape Corporation
- Samsung SDI
- Solid Power
- Volkswagen Group
- BMW Group
- NGK Spark Plug
- Sila Nanotechnologies
- NanoGraf Corporation
- Johnson Battery Technologies
- Enevate Corporation
For more information about this report visit https://www.researchandmarkets.com/research/ng3296/global_automotive?w=4
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Related Topics: Automotive Parts, Motorcycles, Commercial Vehicles, Automotive Batteries, Electric and Hybrid Vehicles