Global Graphene Electronics Market Outlook - 2031
The Global Graphene Electronics Market was valued at $270.8 million in 2021, and is projected to reach $5.2 billion by 2031, growing at a CAGR of 34.2% from 2022 to 2031
According to Himanshu Jangra, Lead Analyst, Semiconductor and Electronics, at Allied Market Research, the graphene electronics market are expected to showcase remarkable growth during the forecast period of 2022-2031. The report contains a thorough examination of the market size, trends, key market players, sales analysis, major driving factors, and key investment pockets.
The report on the graphene electronics market provides an overview of the market as well as market definition and scope. The growth of devices in the automotive, industrial, aerospace and defense, and consumer electronics sectors is significantly fueled by the rise in demand for consumer electronics and digital memory solutions in emerging economies like India, Brazil, and others, along with the surge in demand for faster and lower-power devices due to its high mechanical strength, superior thermal conductivity, high electron mobility, and other properties. A description of the market's pain points, a value chain analysis, and important laws are also included in the report, along with a quantitative and qualitative analysis of the graphene electronics market.
Graphene is an enhanced conducting material than the conventional electrode material and has the potential to create the next-generation semiconductor solution. A single layer of graphite atoms organized as a single sheet makes up the groundbreaking substance known as graphene. High mechanical strength, very high electron mobility, and better thermal conductivity are only a few of graphene's many advantageous traits. The use of graphene in numerous electronic device components, including batteries, touch screens, sensors, solar cells, and more, owing to graphene's unique properties of thinness and conductivity, has led to global research into its applications as a semiconductor. Graphene semiconductors, which are only one atom thick and can carry electricity at room temperature, might replace current computer chip technology.
Over the past ten years, touchscreen technology has developed quickly, becoming more sensitive, reliable, and cost-effective than ever before. Because it is stronger and thinner than any other material, graphene could further revolutionize touchscreen technology. In addition, the rise in demand for advanced electronics solutions with high mechanical strength, very high electron mobility, and superior thermal conductivity across consumer electronics, automotive, and other sectors is driving the market growth.
The global graphene electronics market is expected to witness notable growth during the forecast period, owing to the surge in sales of electric vehicles. Moreover, the thriving portable electronics industry majorly drives the graphene electronics market outlook. Furthermore, superior performance and functionalities are projected to shape the future of manufacturing industries by standardizing the processes. However, the high cost and lack of awareness of graphene technology are one of the prime factors that restrain the graphene electronics market growth. Further, the rise in government initiatives in research and development is projected to provide a lucrative opportunity to expand the graphene electronics market during the forecast period.
Segment Overview
The global graphene electronics market is segmented into Product, Industry Vertical, and Region.
By product, the graphene electronics market share is segmented into displays, memories, batteries, solar cells, integrated circuits & chips, and others. In 2021, the batteries segment dominated the market in terms of revenue and is expected to follow the same trend during the forecast period. However, the solar cell segment is expected to emerge as the fastest-growing segment of the market during the forecast period 2022-2031.
By industry vertical, the market is classified into consumer electronics, automotive, healthcare, industrial robotics, aerospace & defense, and others. The consumer electronics segment dominated the market in 2021 in terms of revenue and is expected to dominate the market during the forecast period.
Region-wise, the graphene electronics market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, Spain, and the Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific, Specifically China, remains a significant participant in the graphene electronics market. Major organizations and government institutions in the Asia-Pacific region has significantly put resources into action to develop enhanced graphene-based electronics solution driving the growth of the graphene electronics industry in the Asia-Pacific.
Competitive Analysis
The major global graphene electronics market players that have been provided in the report include AMG Advanced Metallurgical Group N.V., Graphene Platform Corporation, Graphene Frontiers LLC, Graphenea S.A., Talga Group, Graphene Square, Inc., NanoXplore Inc., First Graphene, Versarien plc, and Grafen Chemical Industries Co. Ltd.
Country Analysis
Country-wise, the U.S. acquired a prime share in the graphene electronics market opportunity in the North American region and is expected to grow at a high CAGR during the forecast period of 2022-2031. The U.S. holds a dominant position in the graphene electronics market, owing to the presence of prime players in this region putting resources into action to develop next-generation graphene-based electronics solutions.
In Europe, the UK dominated the graphene electronics market in terms of revenue in 2021 and is expected to follow the same trend during the forecast period. Furthermore, Germany is expected to emerge as the fastest-growing country in Europe's graphene electronics with a CAGR, owing to a significant development in the Internet of Things and consumer electronics solutions.
In Asia-Pacific, China holds a dominant market share in the Asia-Pacific region and is expected to follow the same trend during the forecast period, owing to a significant rise in investment by prime players in next-generation low and energy-efficient graphene battery and ICs solutions, which is expected to drive the electronics market. However, South Korea is expected to emerge as a dominant country in the graphene electronics market in the Asia-Pacific region.
In LAMEA, Latin America garnered significant graphene electronics market size in 2021 owing to the presence of prime vendors such as cabot Corporation and others who are significantly investing in graphene-based electronics devices such as electric vehicles and portable devices in Latin America. Moreover, the Middle East is expected to emerge as the fastest-growing region of the LAMEA region, which a high CAGR from 2022 to 2031.
Top Impacting Factors
Significant factors that impact the growth of the global graphene electronics industry include the surge in sales of electronic vehicles paired with superior performance & functionalities. Moreover, the thriving portable electronics industry is expected to drive the market opportunity. However, the high cost and lack of awareness of graphene technology are acting as a prime barrier to early adoption, which hampers the growth of the market. On the contrary, the rise in government investment in research and development is expected to offer potential growth opportunities for the graphene electronics market during the forecast period.
Historical Data & Information
The graphene electronics market forecast is highly competitive, owing to the strong presence of existing vendors. Vendors of graphene electronics machines with extensive technical and financial resources are expected to gain a competitive advantage over their competitors because they can cater to market demands. The competitive environment in this market is expected to increase as technological innovations, product extensions, and different strategies adopted by key vendors increase.
Key Developments/ Strategies
Talga Group, Versarien PLC, Graphenea, First Graphene, and Graphene Platform Corporation are the top 5 companies holding a prime share in the graphene electronics market. Top market players have adopted various strategies, such as product launches, partnerships, acquisitions, product upgrades, and product development, to expand their foothold in the graphene electronics market.
In December 2022, AMG Advanced Metallurgical Group N.V. announced a strategic partnership between AMG Brasil SA, JX Nippon Mining & Metals Corporation, and TANIOBIS GmbH for the production and supply of tantalum concentrate from AMG’s Mibra Mine located in the state of Minas Gerais in Brazil.
In November 2020, Talga provided its graphene-enhanced silicon anode lithium-ion battery product Talnode-Si. Following encouraging early test results, further technical and commercial development of Talnode-Si has been underway at Talga’s facilities in Europe.
In November 2021, Versarien utilized proprietary graphene materials technology to create innovative engineering solutions that are capable of having a game-changing impact in a broad variety of sectors. It developed graphene and nanoparticle-based anti-microbials.
In July 2022, First Graphene announced a collaboration with leading experts at the University of Warwick on a Ph.D. Project to unlock the potential of graphene in thermoplastic systems. WMG has established a successful model for collaboration between academia and the private and public sectors and has very strong links with world-leading industrial partners such as Jaguar Land Rover, who have located their advanced research group at the WMG campus.
In June 2021, Haydale Graphene Industries plc announced that Haydale Technologies (Taiwan) Co., Ltd. (‘HTW’) signed a supply agreement for specific graphene-based and other specialty inks to Graphene Platform Corp (‘GPC’), Tokyo, Japan. Further, the GPC will brand the inks as “GP Graphene Ink”, which will be specifically targeted to the printed electronics market primarily in Japan, but with the potential to target other Asian countries where there is also a significant market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global graphene electronics market analysis from 2021 to 2031 to identify the prevailing global graphene electronics market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the global graphene electronics market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global graphene electronics market trends, key players, market segments, application areas, and market growth strategies.
Graphene Electronics Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 5.2 billion |
 Growth Rate | CAGR of 34.2% |
 Forecast period | 2021 - 2031 |
 Report Pages | 301 |
 By Industry Vertical |
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 By Product |
|
 By Region |
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 Key Market Players | Talga Group, Graphene Platform Corporation, NanoXplore Inc., AMG Advanced Metallurgical Group N.V., Graphenea, Versarien plc, First Graphene, Graphene Frontiers LLC, Graphene Square, Inc., Grafen Chemical Industries Co. Ltd |
Analyst Review
The emergence of graphene-based electronics solutions such as batteries, memories, sensors, solar cells, and others has revolutionized the electronics market with high electron mobility and superior thermal conductivity. Due to its superior qualities over silicon in many situations, graphene may even replace silicon as the primary component in electrical devices. Companies that produce graphene will increase output to keep up with the rate of innovation since demand is projected to increase as more applications are developed. Increasing demand for high energy-efficient battery solutions in portal devices and the electric vehicle has led to the higher adoption of graphene electronics solutions.
The global graphene electronics market is highly competitive, owing to the strong presence of existing vendors. graphene electronics vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with an increase in technological innovations, product extensions, and different strategies adopted by key vendors.
The rise in demand for graphene electronics solutions in electric vehicles has witnessed a surge, owing to its availability to offer significant advantages in terms of battery safety, recyclability, and longer battery life. Moreover, prime economics, such as the U.S., China, Germany, and Japan, plan to develop and deploy next-generation graphene-based electronics solutions across various consumer electronics applications such as portal devices, digital TVs, and more, which is anticipated to provide lucrative opportunities for market growth.
Among the analyzed geographical regions, Asia-Pacific exhibits the highest adoption of graphene electronics and has been experiencing a massive expansion of the market. On the other hand, North America is expected to grow at a faster pace, predicting lucrative growth due to emerging countries such as U.S. and Mexico investing in these technologies. Regions such as the Middle East and Africa are expected to offer in new opportunities for the growth of the graphene electronics market in the future.
The key players profiled in the report include AMG Advanced Metallurgical Group N.V., Graphene Platform Corporation, Graphene Frontiers LLC, Graphenea S.A., Talga Group, Graphene Square, Inc., NanoXplore Inc., First Graphene, Versarien PLC, and Grafen Chemical Industries Co. Ltd are provided in this report.
Asia-PAcific is the largest regional market for Graphene Electronics market.
In 2021, the batteries segment dominated the market in terms of revenue and is expected to follow the same trend during the forecast period. However, the solar cell segment is expected to emerge as the fastest-growing segment of the market during the forecast period 2022-2031.
Significant factors that impact the growth of the global graphene electronics industry include the surge in sales of electronic vehicles paired with superior performance & functionalities.
Talga Group, Versarien PLC, Graphenea, First Graphene, and Graphene Platform Corporation are the top 5 companies holding a prime share in the graphene electronics market.
The global graphene electronics market was valued at $270.8 million in 2021 and is projected to reach $5.2 billion by 2031, growing at a CAGR of 34.2% from 2022 to 2031.
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