Global Graphene Electronics MarketReport, published by Variant Market Research, forecast that the global market is expected to reach $797 million by 2024 from $35 million in 2016; growing at a CAGR of 47.6% from 2016 to 2024. By geography, RoW and Asia-Pacific are expected to grow at a CAGR of 50.7% and 50.1%, respectively, during the forecast period. Graphene, a carbon allotrope is used for various applications for next-generation electronics. Graphene have various properties such as high mechanical strength, thermal conductivity, and high fermi velocity, among others. These properties enable graphene as an excellent material used in different electronic devices.
"Graphene Electronics Market (By Material type: Graphene Film, Graphene Oxide, Graphene Nano Platelets, Graphene Foam, and Other Material Types; By Application: Batteries & Ultracapacitors, Sensors, Electronic Products Body Applications, and Other Applications (Display, Electro-Mechanical Systems, Solar Cells, Chips, Lighting, and Memory); By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024"
Rising acceptance in advanced batteries and ultracapacitors to drive the growth of graphene electronicsmarket
The factors supporting growth of the global graphene electronics market are growing requirement for high performing products, high emphasis on using graphene for growing fields, and rising acceptance in advanced batteries and ultracapacitors. However, rising number of new entrants and high cost may act as a restraint for the growth of the market. Moreover, rising markets coupled with new product development would provide several growth opportunities for the market in the future years.
Material type, application, and geography are the major segments considered in the global graphene electronics market. Material type comprises graphene film, graphene oxide, graphene nano platelets, graphene foam, and other material types. By application, the market is bifurcated into batteries & ultracapacitors, sensors, electronic products body applications, and other applications (display, electro-mechanical systems, solar cells, chips, lighting, and memory). Based on geography, the global graphene electronics market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
The country wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico. Germany, France, UK, and Rest of Europe are analyzed under the European market. China, India, Japan, and Rest of Asia-Pacific are included under the Asia-Pacific market. While RoW is bifurcated into South America, Middle East, and Africa.
Graphene film accounted for the largest market share in the material type segment
Global Graphene Electronics Market, by Material Type
Graphene film accounted for the largest market share in 2016, in the material typesegment, and is expected to continue its dominance during the forecast period 2016 – 2024, owing to their growing usability in various electronic devices, and their eye-catching price factor compared with other graphene materials.
Batteries & Ultracapacitors accounted for the largest market share in the application segment
Global Graphene Electronics Market, by Application
Batteries & ultracapacitors accounted for the largest market share in 2016, in the application segment, owing to the fact that graphene-based batteries & ultracapacitors have high energy density & are used for alternative energy requirements.
North America dominated the global market with highest market share in 2016
GLOBAL GRAPHENE ELECTRONICS MARKET SHARE BY GEOGRAPHY, 2016 (%)
North America dominated the global graphene electronics market with largest market share of 39.7% in 2016, owing to the high level of ongoing research for developing graphene electronics used in electronic devices.
The major players operating in the market are CrayoNano, Samsung Electronics Co., Ltd., GrafTech International Ltd., Graphenea SA, Grafen Chemical Industries Co. Ltd., Skeleton Technologies, Grafoid, Inc., Applied Graphene Materials Plc., AMG Advanced Metallurgical Group, and IBM Corporation, among others.