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Lithium-Ion Battery Market: Global Industry Analysis and Forecast 2027 A lithium-ion (Li-ion) battery is a high-performance battery, which uses lithium ions as a key component of its electrochemistry. Lithium-ion batteries have a very high voltage and charge storage per unit mass and volume as compared to other batteries like SLI batteries. Low self-discharge, high energy density, and improved charging speed all contribute to the durability of lithium-ion batteries. It is widely used in electronic consumer goods including computers, PDAs, iPods, cell phones, as well as the automotive, military, and aerospace industries. Lithium-ion is a type of rechargeable battery that can be found in a variety of electrical gadgets. The smartphone and tablets/PCs group is predicted to dominate the market among all electronic devices.