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South Korea Solid State Battery Market
ID: MRFR/EnP/53858-HCR
200 Pages
June 2025
South Korea Solid State Battery Market Research Report: By Application (Electric Vehicles, Consumer Electronics, Aerospace, Energy Storage Systems), By Chemistry Type (Lithium Metal, Lithium Sulfur, Sodium Ion, Polymer), By End Use (Automotive, Consumer Devices, Industrial, Medical Devices) andBy Form Factor (Thin-Film, Prismatic, Cylindrical) - Forecast to 2035
Industry Developments
The South Korea Solid State Battery Market has recently witnessed notable developments, particularly with leading companies like Samsung Electronics and LG Energy Solution enhancing their Research and Development efforts in solid state technologies. In June 2023, Samsung SDI announced advancements in scalable solid state battery production that could boost their market presence and sustainability initiatives. Meanwhile, Hyundai Motor is investing significantly in solid state battery production capabilities, with plans to commercialize these technologies by 2025. SK On has partnered with POSCO Chemical to push forward solid state battery innovations, aligning with South Korea's ambition to lead in battery technology. In September 2023, A123 Systems and Solid Power announced a joint venture aimed at creating high-performance solid state batteries. Merger activities included Siemens acquiring a minor stake in a local startup focusing on solid state battery technologies, which was publicly acknowledged in July 2023. Moreover, the South Korean government has introduced incentives to drive the battery sector, reflecting its strategic importance in the automotive and electronics industries. This emphasis on solid state battery technology is shaping the competitive landscape and growth trajectory within the South Korean market.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 77.2(USD Million) |
| MARKET SIZE 2024 | 96.0(USD Million) |
| MARKET SIZE 2035 | 1000.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 23.743% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Samsung Electronics, Samsung SDI, Siemens, Amperex Technology, A123 Systems, Solid Power, SK On, Hyundai Motor, POSCO Chemical, LG Energy Solution, QuantumScape, ProLogium Technology, Sion Power, Iljin Materials, Hanwha Solutions |
| SEGMENTS COVERED | Application, Chemistry Type, End Use, Form Factor |
| KEY MARKET OPPORTUNITIES | Rising electric vehicle adoption, Government support and incentives, Demand for renewable energy storage, Advancements in manufacturing technology, Growing consumer electronics market |
| KEY MARKET DYNAMICS | rising electric vehicle demand, increasing investment in R&D, government support for clean energy, advancements in battery technology, growing consumer preference for safety |
| COUNTRIES COVERED | South Korea |
FAQs
What is the expected market size of the South Korea Solid State Battery Market in 2024?
The expected market size of the South Korea Solid State Battery Market in 2024 is valued at 96.0 USD Million.
What will be the market size of the South Korea Solid State Battery Market by 2035?
By 2035, the market size of the South Korea Solid State Battery Market is projected to reach 1000.0 USD Million.
What is the expected compound annual growth rate (CAGR) for the South Korea Solid State Battery Market from 2025 to 2035?
The South Korea Solid State Battery Market is expected to grow at a CAGR of 23.743% from 2025 to 2035.
Which application holds the largest market share in the South Korea Solid State Battery Market?
The Electric Vehicles application is anticipated to hold the largest market share, with a value of 38.0 USD Million in 2024.
How much is the Consumer Electronics segment valued at in the South Korea Solid State Battery Market for the year 2024?
The Consumer Electronics segment is valued at 28.0 USD Million in the South Korea Solid State Battery Market for the year 2024.
What are the anticipated market values for the Aerospace segment in 2024 and 2035?
The Aerospace segment is expected to be valued at 12.0 USD Million in 2024 and 120.0 USD Million by 2035.
What are the expected market values for Energy Storage Systems in 2024 and 2035?
The Energy Storage Systems segment is projected to be valued at 18.0 USD Million in 2024 and 200.0 USD Million by 2035.
Who are the major players in the South Korea Solid State Battery Market?
Major players in the South Korea Solid State Battery Market include Samsung Electronics, LG Energy Solution, and Hyundai Motor among others.
What growth drivers are contributing to the South Korea Solid State Battery Market?
The growing demand for electric vehicles and advancements in battery technology are key growth drivers for the market.
What challenges does the South Korea Solid State Battery Market face?
Challenges in the market include manufacturing complexities and competition from traditional lithium-ion batteries.
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