Graphene Electronics Market: Global Industry Analysis And Forecast (2023-2029)

Graphene Electronics market was valued at US$ 375.44 Mn. in 2022 and expected to grow at a CAGR of 15.6 % during the forecast period (2023-2029). Thanks to the growing trend temperature sensor segment use have boosted demand for Graphene Electronics Market.
Graphene Electronics Market Overview:
Graphene is a two-dimensional carbon allotrope in which the carbon atoms are arranged in a honeycomb lattice. It was discovered in 2004 and is an extremely thin, flexible, and transparent material. It is currently one of the strongest materials, and the carbon arrangement gives it appealing and unusual properties. As a result of these factors, it is one of the most promising nanomaterial and is being considered for use in a variety of applications ranging from optics to electronics. Due to its high thermal and electrical conductivity and high resistance is extensively used in smartphones and tablets, batteries, and sensors. As a result, the global graphene electronic market is expected to reach US$ 775.09 Mn. by 2029.To know about the Research Methodology :- Request Free Sample Report

The report has covered the market trends from 2017 to forecast the market through 2029. 2022 is considered a base year however 2023 numbers are on the real output of the companies in the market. Special attention is given to 2022 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Graphene Electronics Market Dynamics:
The growing demand for IoT applications in the household and industrial sectors is boosting the graphene electronics market. The graphene-enabled IoT devices are efficient, quick, and stable as a result more people attracting to IoT devices. The sensor used in IoT applications is integrated with graphene electronics to deliver highly sensitive and fast response times, resulting in significant growth opportunities during the forecast period.

Increasing per capita income and urban settlement, and rapid growth in technological advancement are expected to create a huge market for the graphene electronic market. As the growing organization and their need for data storage pushing the global market. Because graphene is used in the manufacturing of storage devices. In India, Bangalore is known as the IT capital due to the presence of large information and technology firms, this can become the potential market for graphene electronic devices.

Increasing governments' initiatives for environment-friendly energy generation and growing research and development activities are boosting the growth of the graphene electronics market. To make use of renewable energy sources, infrastructure for energy conversion and storage that can efficiently deliver electrical and thermal properties while charging quickly is required. Graphene-based batteries have increased energy storage capacity while requiring less charging time, increasing their use in energy conversion applications. These graphene-based batteries are used in solar energy power plants to store converted energy.

In November 2022, EDAWN, the world's leading graphene manufacturer and the market's sole producer of non-flammable graphene-based batteries is setting a manufacturing facility in Northern Nevada covering 517 acres. Here they are focusing to produce graphene-powered products including EMI shielding, transparent conducting electrodes, and silver nanowires.

Recently “Log 9” India-based startup expecting to introduce graphene-based battery for electric vehicles. By March 2022, the company expects to equip over 3000 vehicles with Rapid Charging Battery Packs, including both two- and three-wheeled electric vehicles. And automaker intends to deploy over 20,000 vehicles across the country by FY 2023. Log 9 has already conducted pilot runs in India, but it is looking to expand into other markets such as South East Asia. This recent development can add an advantage to the market growth.

Some of the factors affecting the growth of the graphene electronics market are, the production of high-quality graphene is an expensive and time-consuming process, and they are highly reactive with oxygen and heat, and they present toxic substances and impurities. Due to the high price of the graphene battery ordinary enterprises are unable to adopt it. This may become a roadblock to the development of the graphene electronic market.
Graphene Electronics Market Segmentation:
Based on the Type, the Graphene Electronics market is sub-segmented into Graphene transistors, Graphene sensors, Graphene chips, and ICs, and Graphene supercapacitors. The Graphene supercapacitors segment dominates the global market and it held a share of 45 % in 2022. It is a thin layer of pure carbon material. Due to its incredible strength light absorption properties and environment-friendly nature are widely used in electronic applications like energy generation, grid power support, automotive, and consumer device.

Recently “Skeleton Technologies” introduce the next generation supercapacitors named SkelCap SCX5000 cell, SkelMod 162V 92F module, and SkelMod 54V 277F module for industrial and transportation application. It is expected that Skeleton’s New Graphene Supercapacitors create huge demand in the forecast period because of its high energy density up to 72%.

Based on the Application, the Graphene Electronics market is sub-segmented into Consumer electronics, data storage, and solar power generation. The consumer electronics segment dominates the global market and was valued at US$ 112.3 Mn. in 2022. Graphene is used as the coating on smartphones, laptops, and wearable devices and improves the customer experience. Rapid growing population and growing expenditure on IoT devices are expected to boost the market.

In 2014, Catlike, a Spanish company developed a graphene integrated cycling helmet. Which is lightweight and strong with superior safety and impact absorption capacity. And ZOLO, a major in audio device developing graphene-enhanced wireless battery to increase sound quality and whole day battery life. These are some recent development in the consumer electronics segment creating the huge demand for the graphene electronic market.
Graphene Electronics Market Regional insights:
In 2022, North America held the largest share in the Graphene Electronics market. Technological advancements and a preference for energy-efficient products are the major factors driving the market growth. The growing population, increased use of IoT devices, and presence of large research universities are boosting the market growth in this region. The USA is a country having a large number of the graphene manufacturing industry in this region. The presence of electric vehicle manufacturing companies and government regulations in conserving the environment is fuelling the market growth in this region.

The objective of the report is to present a comprehensive analysis of the Global Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Graphene Electronics market dynamics, structure by analyzing the market segments and projecting the Graphene Electronics market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Graphene Electronics make the report investor’s guide.
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Graphene Electronics Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $  375.44 Mn.


Forecast Period 2023 to 2029 CAGR:
15.6 %
Market Size in 2029:
US $  1035.74 Mn.


 Segments Covered:
by Type
Graphene transistors
Graphene sensors
Graphene chips and ICs
Graphene supercapacitors


by Product
Display
Others
Memories
Batteries
Solar Cell
Integrated Circuits and Chips


by Application
Consumer electronics
Data storage
Solar power generation


by Industry vertical
Consumer Electronics
Automotive
Healthcare
Industrial Robotics
Aerospace and Défense
Others



Graphene Electronics Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Graphene Electronics Market, Key Players are
1. Graphene Frontiers
2. Graphene Laboratories, Inc.
3. Graphene Square
4. Grafoid, Inc.
5. Graphenea S.A.
6. Skeleton Technologies
7. Samsung Electronics Co. Ltd.
8. IBM Corporation
9. SanDisk Corporation
10. Galaxy Microsystems, Ltd.
11. AMG Advanced Metallurgical Group
12. Applied Graphene Materials Plc.
13. Graftech International Ltd.
14. Haydale Limited
15. BASF SE
16. Crayonano AS
17. Grafoid, Inc.
18. Graftech International Ltd.
19. Grafen Chemical Industries Co. Ltd.
20. Graphene Platform Inc.
21. Graphene Technologies

Frequently Asked Questions:

1. Which region has the largest share in Graphene Electronics Market?
Ans: North America held the largest share in 2022.

2. What is the growth rate of the Graphene Electronics Market?
Ans: The Graphene Electronics Market is growing at a CAGR of 15.6 % during the forecasting period 2023-2029.

3. What segments are covered in Graphene Electronics Market?
Ans: Graphene Electronics Market is segmented into type , Product , Industry vertical and application.

4. What is the study period of this market?
Ans: The Graphene Electronics Market is studied from 2022 to 2029.