SVP Japan has published an overview of the current state and future prospects of the global all-solid-state battery market. The global market was estimated at approximately $1.15 billion as of 2024, with performance improvements in the automotive sector and the development of mass-production capabilities cited as factors driving market growth.
SVP Japan, which provides subscription-based market research, has published a report titled “All-Solid-State Batteries—Current State and Future Prospects of the Global Market” for member companies. All-solid-state batteries are next-generation rechargeable batteries that use solid electrolytes instead of liquid electrolytes. The global market was estimated at $1.15 billion in 2024 and is transitioning from the research and development phase to early commercialization.
The report notes that major battery manufacturers are working to establish mass-production technologies and develop production capabilities, while specialized startups are deepening their partnerships with automakers. Japanese companies are demonstrating a strong presence not only in cell development but also in adjacent fields such as solid electrolytes, electrode materials and manufacturing equipment, with joint development becoming increasingly active. At the same time, technological, manufacturing and regulatory challenges remain, and overcoming them is viewed as key to widespread adoption.