The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising vehicle electrification is predicted to stimulate innovation in automotive lithium-ion battery cell manufacturing, boosting the market over the forecast period.

The global automotive lithium-ion battery cell market is expected to grow from $63.10 billion in 2022 to $80.68 billion in 2023 at a compound annual growth rate (CAGR) of 27.9%. The global automotive lithium-ion battery cell market size is expected to reach $200.63 billion in 2027 at a CAGR of 25.6%.

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Global Automotive Lithium-Ion Battery Cell Market Segments Include:

• By Type: Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Manganese Oxide (LMO), Lithium Nickel Manganese Cobalt Oxide (NMC)
• By Cell Type: Cylindrical, Prismatic, Pouch Cells
• By Application: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel-Cell Electric Vehicle
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global automotive lithium-ion battery cell market in 2021.

Major Market Players in the automotive lithium-ion battery cell market include Samsung SDI Co. Ltd., Toshiba Corporation, Contemporary Ampere Technology Co. Ltd, LG Chem Ltd., GS Yuasa International Ltd., Johnson Controls International Plc.

Technological developments are a prevalent trend in the automotive lithium-ion battery cell market. Major players in the automotive lithium-ion battery cell market are focusing on providing innovative solutions to increase their market position. Natrion Inc., a US-based automotive component and battery maker, for example, announced a patented solid-electrolyte separator, LISIC278, for use in Li-ion battery cells with graphite anodes for EV battery cells in October 2022. The new material is a modified version of Natrion’s unique Lithium Solid Ionic Composite (LISIC) electrolyte, which is meant to duplicate the exact specifications of a standard polyolefin separator while utilising far less liquid electrolyte. It achieves this by having high ion transport capabilities at room temperature, a heat resistance of more than 200°C, and being totally dense (zero porosity). LISIC batteries have almost no fire risk, and the possibility of a thermal incident worsening or expanding is greatly reduced.

The Automotive Lithium-Ion Battery Cell Global Market Report 2023  provides a automotive lithium-ion battery cell market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive lithium-ion battery cell market forecast analyzes automotive lithium-ion battery cell market size, automotive lithium-ion battery cell market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A lithium-ion (Li-ion) battery cell for a car is a specialised battery technology that heavily relies on lithium ions in its electrochemistry. A lithium-ion battery is made up of several individual cells that are bundled together to give the necessary voltage, power, and energy, and are then stacked into various modules before being merged into the whole battery pack.

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