The rapid growth of the electric vehicle market has driven the development, manufacture, and sales of batteries, especially lithium-ion batteries. While in the meantime, interest in solid-state batteries has attracted the attention of material providers, battery vendors, component suppliers, automotive OEMs, and investors.
The popular discussions on solid-state batteries have brought development both in academia and industry. With an increasing number of players working in this field and some milestones being achieved, the solid-state battery market is expected to grow to $8 billion by 2031, according to IDTechEx’s report “Solid-State and Polymer Batteries 2021-2031: Technology, Forecasts, Players”.
Ilika plc (LON:IKA) is a pioneer in solid state battery technology enabling solutions for applications in Industrial IoT, MedTech, Electric Vehicles and Consumer Electronics.