Automotive Lithium ion Battery Market Report 2025 (Global Edition)

Global Automotive Lithium ion Battery Market Report 2025 Market Size Split by Material Type Outlook: (Cathode, Anode, Electrolytic Solution, Others), by Vehicle Type Outlook: (Battery Electric Vehicle...

Automotive Lithium ion Battery Market Report Description

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Competitive Landscape of the Automotive Lithium ion Battery Market

The automotive lithium-ion battery market is highly competitive, with major leading the market through innovations in battery technology, improving energy density, charging speed, and lifespan. Strategic partnerships with automakers, large-scale production capabilities, and investments in R&D are key strategies for maintaining market leadership. Additionally, the rise of new entrants and regional players further intensifies competition as the demand for electric vehicles and energy storage solutions continues to grow.

In November 2023, Toshiba Corporation developed a new lithium-ion battery using a cobalt-free 5V-class high-potential cathode material that considerably suppresses performance-degrading gases produced as side reactions. This battery can operate in a wide range of applications, from power tools to electric vehicles.

(Source:https://www.global.toshiba/ww/technology/corporate/rdc/rd/topics/23/2311-02.html)

In June 2023, Samsung SDI announced that the company had become the first lithium battery maker to accept carbon footprint labels from Carbon Trust. Carbon footprint measures greenhouse gas GHG emissions throughout a product's life cycle from production, raw materials, and distribution to disposal.

(Source: https://news.samsungsdi.com/global/articleView?seq=30)

In September 2021, The Toshiba Corporation, Sojitz Corporation, and CBMM entered into a JDA (Joint Development Agreement) to commercially the next-generation lithium-ion batteries by using niobium titanium oxide for anode material.

(Source: https://www.sojitz.com/en/news/article/20210924-1.html)

Top Companies Market Share in Automotive Lithium ion Battery Industry: (In no particular order of Rank)

• BYD Co. Ltd.
• A123 Systems LLC
• Hitachi Ltd.
• Johnson Controls
• LG Chem
• Panasonic Corp.
• Saft
• Samsung SDI Co. Ltd.
• Toshiba Corp.
• GS Yuasa International Ltd.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Automotive Lithium ion Battery Market

Which Region Dominates the Automotive Lithium ion Battery Market in 2024?

According to Cognitive Market Research, North America currently dominates the Automotive Lithium ion Battery market, and the region is expected to have significant growth during the projected period. This is due to strong investments in EV infrastructure, government incentives for electric vehicles, and a growing demand for clean energy solutions.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to its dominant role in electric vehicle (EV) production and the presence of leading battery manufacturers.

The current report Scope analyzes Automotive Lithium ion Battery Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Automotive Lithium ion Battery

According to Cognitive Market Research, the global Automotive Lithium ion Battery market size was estimated at USD 57142.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 22857.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Automotive Lithium ion Battery market with a market size of USD 18034.20 million in 2024 and is projected to grow at a CAGR of 15.2% during the forecast period due to the advancements in battery technology.
• The Canada Automotive Lithium ion Battery market had a market share of USD 2742.84 million in 2024 and is projected to grow at a CAGR of 16.2% during the forecast period due to the growing investment in domestic lithium-ion battery production.
• The Mexico Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 15.9% during the forecast period, with a market size of USD 2079.99 million in 2024.

Europe Automotive Lithium ion Battery

According to Cognitive Market Research, the global Automotive Lithium ion Battery market size was estimated at USD 57142.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 17142.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.7% from 2024 to 2031.

• The United Kingdom Automotive Lithium ion Battery market had a market share of USD 2879.99 million in 2024 and is projected to grow at a CAGR of 16.5% during the forecast period. In the UK, Automotive Lithium ion Battery sales witness an upswing due to the expansion of EV manufacturing and supportive government incentives.
• The France Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 14.9% during the forecast period, with a market size of USD 1577.14 million in 2024.
• According to Cognitive Market Research, the German Automotive Lithium ion Battery market size was valued at USD 3394.27 million in 2024 and is projected to grow at a CAGR of 15.9% during the forecast period. In Germany, Automotive Lithium ion Battery surged due to the rising consumer preference for eco-friendly transportation solutions.
• The Italy Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 15.1% during the forecast period, with a market size of USD 1474.28 million in 2024.
• The Russia Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 2657.13 million in 2024.
• The Spain Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 14.8% during the forecast period with a market size of USD 1405.71 million in 2024
• The Luxembourg Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 15.8% during the forecast period, with a market size of USD 531.43 million in 2024.
• The Portugal Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 15.5% during the forecast period, with a market size of USD 360.00 million in 2024.
• The Greece Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 16.0% during the forecast period, with a market size of USD 205.71 million in 2024.
• The Rest of Europe's Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 14.4% during the forecast period, with a market size of USD 2657.13 million in 2024.

Asia Pacific Automotive Lithium ion Battery

According to Cognitive Market Research, the global Automotive Lithium ion Battery market size was estimated at USD 57142.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 13142.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Automotive Lithium ion Battery market size was valued at USD 5914.26 million in 2024 and is projected to grow at a CAGR of 18.7% during the forecast period. Automotive Lithium ion Battery surged in China due to government initiatives and subsidies promoting the adoption of clean energy vehicles.
• The Japan Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 17.7% during the forecast period, with a market size of USD 1813.71 million in 2024.
• The India Automotive Lithium ion Battery market had a market share of USD 1577.14 million in 2024 and is projected to grow at a CAGR of 21.0% during the forecast period due to the growing investments in lithium-ion battery manufacturing.
• The South Korean Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 18.3% during the forecast period, with a market size of USD 1314.28 million in 2024.
• The Australian Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 18.9% during the forecast period, with a market size of USD 683.43 million in 2024.
• The South East Asia Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 20.2% during the forecast period, with a market size of USD 906.85 million in 2024.
• The Rest of the Asia Pacific Automotive Lithium-ion Battery market is projected to witness growth at a CAGR of 19.0% during the forecast period, with a market size of USD 933.14 million in 2024.

South America Automotive Lithium ion Battery

According to Cognitive Market Research, the global Automotive Lithium ion Battery market size was estimated at USD 57142.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 2857.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Automotive Lithium ion Battery market size was valued at USD 1222.85 million in 2024 and is projected to grow at a CAGR of 17.2% during the forecast period. Automotive Lithium ion Battery flourished in Brazil due to government incentives and policies promoting clean energy and EV adoption.
• Argentina's Automotive Lithium ion Battery market had a market share of USD 480.00 million in 2024 and is projected to grow at a CAGR of 17.5% during the forecast period due to the growing investments in lithium mining and battery production facilities .
• Colombia Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 16.4% during the forecast period, with a market size of USD 254.28 million in 2024.
• Peru's Automotive Lithium-ion Battery market is projected to witness growth at a CAGR of 16.8% during the forecast period, with a market size of USD 234.28 million in 2024.
• Chile's Automotive Lithium-ion Battery market is projected to witness growth at a CAGR of 16.9% during the forecast period, with a market size of USD 205.71 million in 2024.
• The Rest of Latin America's Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 15.7% during the forecast period, with a market size of USD 460.00 million in 2024.

Middle East and Africa Automotive Lithium ion Battery

According to Cognitive Market Research, the global Automotive Lithium ion Battery market size was estimated at USD 57142.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1142.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.9% from 2024 to 2031..

• The GCC Countries Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 17.7% during the forecast period, with a market size of USD 489.14 million in 2024. Automotive Lithium ion Battery sales flourish due to the expanding renewable energy projects.
• The Egypt Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 17.2% during the forecast period, with a market size of USD 120.00 million in 2024.
• The South Africa Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 17.9% during the forecast period, with a market size of USD 180.57 million in 2024. Automotive Lithium ion Battery sales flourished in South Africa due to rising investments in EV infrastructure and manufacturing capabilities.
• The Turkey Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 16.4% during the forecast period, with a market size of USD 98.29 million in 2024.
• The Nigeria Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 16.0% during the forecast period, with a market size of USD 120.00 million in 2024.
• The Rest of the MEA Automotive Lithium ion Battery market is projected to witness growth at a CAGR of 15.9% during the forecast period, with a market size of USD 134.86 million in 2024.

Automotive Lithium ion Battery Market Analysis

How are Segments Performing in the Global Automotive Lithium ion Battery Market?

Automotive Lithium ion Battery Market Material Type Segment Analysis

According to Cognitive Market Research, the cathode is likely to dominate the Automotive Lithium-ion Battery Market over the forecast period due to its critical role in determining battery performance, energy density, and lifespan. Materials like lithium iron phosphate (LFP) and nickel-cobalt-manganese (NCM) are commonly used, influencing charging speed, power output, and overall efficiency, making the cathode a key factor in EV battery development.

The cathode is the fastest-growing segment in the Automotive Lithium ion Battery Market due to advancements in materials such as nickel, cobalt, and manganese, which enhance energy density and performance. Innovations in high-energy cathodes improve driving range, charging efficiency, and battery lifespan, driving increased demand for electric vehicles.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Lithium ion Battery Industry. Request a Free Sample PDF!

Automotive Lithium ion Battery Market Vehicle Type Segment Analysis

According to Cognitive Market Research, the battery electric vehicles (BEVs) segment holds the largest share of the market due to their reliance on lithium-ion batteries as the primary energy source. BEVs require high-capacity, efficient, and long-lasting batteries to deliver optimal performance, driving the demand for advanced lithium-ion technology and significantly influencing market growth and innovation.

In the Automotive Lithium ion Battery Market, the plug-in hybrid electric vehicles (PHEVs) sector has been expanding at a rapid pace due to their dual powertrain systems, combining internal combustion engines with electric motors. PHEVs offer extended driving range, lower emissions, and increased fuel efficiency, driving higher demand for lithium-ion batteries in this segment.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Automotive Lithium ion Battery Distribution Channel Outlook: Segment Analysis

Automotive Lithium ion Battery Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the OEM segment holds the largest market share by securing long-term contracts with battery suppliers and driving large-scale production of electric vehicles (EVs). Their strong influence enables them to dictate battery specifications, foster innovations in energy efficiency, and streamline supply chains, leading to increased adoption and market leadership.

In the Automotive Lithium-ion Battery market, the rapidly growing sector is the aftermarket category due to the increasing demand for battery replacement and upgrades for electric vehicles (EVs). As EV adoption rises, vehicle owners seek to extend battery life, leading to a surge in demand for aftermarket battery services and solutions.

• OEM
• Aftermarket

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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