Global Graphene Electronics Market is valued at approximately USD 270.8 million in 2021 and is anticipated to grow with a healthy growth rate of more than 34.2% over the forecast period 2022-2029. Graphene is composed of a single sheet of ordered graphite atoms. It is used for the development of the next-generation semiconductor, which conducts electricity better than conventional electrode materials. Graphene offers various characteristics such as strong mechanical strength, extremely high electron mobility, and improved thermal conductivity.
The surging demand for memory devices of electronics, increasing sales of electric vehicles, coupled with the rising awareness regarding superior performance and functionalities are attributing towards the market growth across the globe.
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The rising demand for portable electronics plays a prominent role in the demand of graphene electronics. The graphene is gaining high traction in electronics due to its characteristics such as thinness and conductivity, which lead its adoption in a variety of electronic device components, including batteries, touch screens, sensors, solar cells, and many others. For instance, according to Statista, in 2022, it was estimated that the consumer electronics and appliances segment was accounted with USD 455.15 billion, which is a rise from USD 204.23 billion in 2015. Furthermore, Paragraf- a UK-based startup raised USD 16 million in 2019 in order to create graphene-based sensors and replace the rare metal indium with graphene in electronics devices. Thus, these aforementioned factors are fostering market demand at a considerable rate. Moreover, increasing emphasis on technological advancements, as well as the growing applications non-ultra high-end are presenting various lucrative opportunities over the forecasting years. However, the high-cost factor and lack of required infrastructure are challenging the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Graphene Electronics Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing focus on the development of next-generation graphene-based electronics solutions, along with the rising development in the Internet of Things and consumer electronics solutions. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the increasing investment in energy-efficient graphene battery and ICs solutions, as well as surging demand for electronics devices in the market space.
Major market players included in this report are:
AMG Advanced Metallurgical Group N.V.
Graphene Frontiers LLC
Graphenea
Talga Group
NanoXplore Inc.
Versarien Plc
Graphene Platform Corporation
Graphene Square, Inc.
First Graphene
Grafen Chemical Industries Co. Ltd
Recent Developments in the Market:
In December 2022, AMG Advanced Metallurgical Group N.V. established a strategic cooperation between AMG Brasil SA, JX Nippon Mining & Metals Corporation, and TANIOBIS GmbH in order to produce and supply tantalum concentrate from AMG’s Mibra Mine in the Brazilian state of Minas Gerais.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
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The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product:
Display
Memories
Batteries
Solar Cell
Integrated Circuits and Chips
Others
By Industry Vertical:
Consumer Electronics
Automotive
Healthcare
Industrial Robotics
Aerospace and Defense
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Some of the Key Questions Answered in this Report:
- What are the essential drivers of the world market? How huge will the market and increase price in upcoming years?
- What are the principal market tendencies that affecting the increase of the world market?
- Key vogue elements have an effect on market share in the world’s pinnacle regions?
- Who are the most vital market contributors and what techniques being they pursuing in the international market?
- What are the market possibilities and threats to which gamers are uncovered in the world market?
- Which enterprise trends, drivers and challenges are riding that growth?
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