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The automotive Li-Ion battery market size is forecast to increase by USD 56 million at a CAGR of 33.7% between 2023 and 2028. The automotive Li-ion battery market is witnessing significant growth due to several key trends. Favorable government policies, including subsidies and incentives, are boosting the adoption of electric vehicles (EVs) and, consequently, the demand for Li-ion batteries. Furthermore, the increase in global automotive Li-ion battery production capacity is enabling manufacturers to meet the surging demand for EVs. Additionally, the development of high-energy-density batteries, such as lithium-sulfur batteries, is expected to enhance the performance and efficiency of EVs, making them a more viable alternative to traditional internal combustion engine vehicles. These factors are driving the growth of the automotive Li-ion battery market.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Vehicle Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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