Overview:
The global graphene electronics market was valued at US$ 994.18 Mn in 2020 and is projected to witness remarkable growth, expanding at a CAGR of 17.3% during the forecast period from 2021 to 2029. The future of electronics is majorly dependent on flexible devices that are bendable, stretchable, foldable, wearable and transparent. Sooner, presently used rigid devices are likely to be substituted with the convenient, durable and light-weight flexible displays, circuits and storage devices. An upsurge in the demand of transparent, flexible and super performing electronic products for their applications such as sensors, electronic displays and solar cells, etc. is providing tremendous growth prospects for the adoption of graphene electronics. Graphene has enabled a significant progress in the advancement of current electronic systems owing to its most important thermal, electronic, mechanical and optical properties. The extraordinary mechanical sustainability along with unaffected electronic performance at the time of bending, rolling or stretching is helpful in developing high performance wearable and flexible electronic devices. Thus, growing demand for smart consumer electronics is expected to facilitate the growth of the overall graphene electronics market during the forecast period from 2021 to 2029.
"Consumer Electronics Garnered Largest Market Share in 2020"
In 2020, consumer electronics application held largest market share in the global graphene electronics market. The segment is likely to grow at a substantial rate during the forecast period from 2021 to 2029. Consumer electronics have become an essential part of everyone’s life. In today’s well-connected and fast-paced world, it is evolving rapidly. Consumer electronics have penetrated every aspect of human life leading to aggressive innovation and investment by several tech giants. In the consumer electronics application, graphene is used as a coating for improving the touch screens for several handheld devices such as smartphones, tablets, etc. Thus, the speedy growth of flexible electronics has got a potential of transforming consumer electronic devices from rigid/inflexible phones and tablets to robust flexible, wearable devices in the near future.
"North America to Continue its Supremacy during the Forecast Period from 2021 to 2029"
Based on geography, North America held the largest market share in 2020. The region is expected to continue with its dominance during the forecast period from 2021 to 2029. Growing study pertaining to the development of graphene electronics has led to the use of presently available graphene electronic devices which is ultimately leading the regional growth. The U.S. market dominated the North American market in 2020 and expected to remain foremost in the coming years. Europe accounted for the second largest graphene electronics market in 2020. Asia Pacific projected to emerge as the fastest growing region during the forecast period from 2021 to 2029. Growing use of consumer electronic devices including smart phones, wearable devices, etc. expected to grow at a higher growth rate in the near future. Evolving consumer electronics industry expected to boost the growth of graphene electronics market in the Asia Pacific region.
The major players identified in the graphene electronics market include AMG Advanced Metallurgical Group, Applied Graphene Materials plc, Grafoid Inc., GrafTech International, Graphene Frontiers, Graphene Square Inc., Graphenea Inc., Graphene 3D Lab, Inc., Skeleton Technologies, and Samsung Electronics Co. Ltd. among others. These players are continually focusing on strengthening their product portfolio in order to cater the rising needs of the customers. New product development and partnership remains some of the major strategies adopted by the leading players to have an edge over their counterparts.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Graphene Electronics market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Technology
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Material
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Device
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
