The Asia-Pacific solid-state battery market is predicted to evolve at a CAGR of 66.56% over the forecast period of 2018-2026. The market finds its application in the automotive sector, commercial, private and electric vehicles, consumer electronics, and in military and defence.
The China solid-state battery market accounted for the highest revenue share in 2017.Factors like rising adoption & utility of these batteries in electric vehicles, investments made by private organizations, and initiatives taken by the electronic manufacturing companies are driving the market growth in this region. Other key markets in this region are Japan, India, South Korea, Australia and rest of Asia-Pacific.
Some of the noted companies in this market are Hitachi Zosen Corporation, Robert Bosch, Front Edge Technology Inc, Dyson, Planar Energy Devices Inc, Panasonic Corporation, Cymbet Corporation, and Infinite Power Solutions Inc.