Status : Published Published On : Apr, 2022 Report Code : VRSME9112 Industry : Semiconductor & Electronics Available Format : Page : 200
2022
2028

Global Graphene Electronics Market – Analysis and Forecast (2021-2027)
Industry Insight by Device Type (Graphene Transistors, Graphene Sensors, Graphene Chips & ICs, and Graphene Supercapacitors), by Material Type (Graphene Film, Graphene Nanoplatelets (GNPs), Graphene Oxide, Graphene Foam, and Others), by Application (Consumer Electronics, Data Storage, and Solar Power Generation Industries), and Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

Industry Overview

By 2027, the global graphene electronics market size is expected to have grown from USD 281.56 million in 2021 to USD 774.6 million.

Graphene Electronics Market Highlights

It will register a market share of 15.7% during the forecast period 2021-2027. Graphene is the thinnest stretchable material and is a strong substitute for traditional electrode materials. For applications like strong composite materials, flexible screens, and nano-transistors, graphene is the most desirable material. Graphene is being used to replace electrodes in batteries to boost electrical conductivity and battery life. Also, it is highly adopted in the automotive, electronics, semiconductor, and aerospace sectors owing to its superior properties like conductivity, ultra-light, and indestructible material. Solar chips, RFID, transistors, integrated electronics, and solar packaging can all benefit from graphene as an electrode material. The energy storage capacity of lithium-ion batteries has led to the increased use of graphene material. The increasing demand for flexible electronics in the commercial and consumer industries, combined with the continued focus on electronics miniaturization, has given market demand for graphene electronics, a new boost.

The COVID-19 epidemic has hampered demand for the manufacturing of raw materials and final components used in consumer markets. The overall fall in consumer electronics sales and shipping in the first half of 2020 had a negative impact on the graphene electronics market's growth patterns. The rapidly growing digitalization in industry, on the other hand, provided a promising opportunity. The pandemic prompted firms across industries to focus on going digital in order to stay adaptable in the aftermath. Several firms who were dubious about the benefits of digitization jumped on board quickly. As a result, flexible electronics for enterprise applications gained new opportunities, resulting in the growth of the graphene electronics industry.

Market Segmentation

Insight by Device Type

On the basis of device type, the global graphene electronics market is divided into graphene transistors, graphene sensors, graphene chips & ICs, and graphene supercapacitors. The graphene supercapacitors hold the largest share owing to graphene properties like high energy density, high electrical conductivity, and rapid carrier mobility.  These supercapacitors can be employed in regenerative braking in autos, trains, and elevators, where rapid charge and discharge cycles are required.

Insight by Material Type

On the basis of material type, the global graphene electronics market is segmented into graphene film, graphene nanoplatelets (GNPs), graphene oxide, graphene foam, and others. Among the material type, graphene film contributes the largest share in the market owing to the rising demand for applications in several electronic devices worldwide.

Insight by Application

On the basis of application, the global graphene electronics market is segregated into consumer electronics, data storage, and solar power generation industries. Consumer electronics is anticipated to grow at a faster pace owing to the increased integration of graphene in smartphones, smart wearables, and touchscreen devices and enhances customer experience.

Graphene Electronics Market Report Coverage

Report Metric

Details

Historical Period

2015–2020

Base Year Considered

2021

Forecast Period

2021-2027

Market Size in 2021

$281.56 Million

Revenue Forecast in 2027

$774.6 Million

Growth Rate

CAGR 15.7%

Segments Covered in the Report

By Device Type, By Material Type, and By Application

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Europe, Asia-Pacific, Middle East, and Rest of the World

 

Industry Dynamics

Industry Trends

The increased adoption of IoT applications in sensors that are integrated with graphene electronics will offer highly sensitive and quick response time, thus creating market trends for the growth of the graphene electronics market. Furthermore, it is adopted to manufacture smart devices for IoT implementation.

Growth Drivers

Factors attributing to the market growth of the graphene electronics market include increased demand for high-capacity rechargeable batteries for EVs, longer battery life of the electronic devices, adoption of graphene to develop fast and low power consuming devices, rise in adoption in solar power and electrical sector, increased demand for memory devices owing to the rising use of smartphones, wearables, laptops, gaming consoles, etc., and government initiatives towards the eco-friendly generation of energy will drive the growth of the market. Low power consumption, increased density, transparency, SET voltage modulation, high uniformity, and other factors are expected to cause memory device manufacturers to shift their focus to graphene development and application in their products. Also, it has extensive applications in anti-corrosion coatings and paints, accurate and effective sensors, rapid and effective electronics, efficient solar panels, flexible displays, drug delivery systems, etc. Thermal conductivity, electron mobility, optical observance, high mechanical strength, and other features of graphene set it apart from other materials and carbon nanotubes.

Challenges

The graphene electronics industry has a number of market hurdles, including a lack of bandgap, a large initial investment, a lack of infrastructure, design complications, and so on, all of which could stymie the market's growth. The manufacturing of high-quality graphene is an expensive and time-consuming procedure, they are extremely reactive with oxygen and heat, and they include harmful compounds and impurities, which will affect the graphene electronics market's growth. Ordinary businesses are unable to utilize graphene batteries due to their exorbitant cost. This could be a stumbling obstacle for the graphene electronic market's growth.

Opportunities

The increased research and development activities for the adoption of graphene so as to improve energy conservation, and increase storage capacity in solar panels and batteries or supercapacitors will offer tremendous market opportunities for the growth in the graphene electronics market outlook. Fabrication technology advancements have also increased the revenue potential for industry companies. The increasing usage of graphene electronics in microchips or transistors in the fabrication of flexible electronics has opened up new opportunities in consumer markets, such as smart devices for consumer use.

Geographic Overview

North America dominates the graphene electronics industry due to the rapid R&D activities, technological development, preference for energy-efficient products, and increased demand for smart wearables in the region. Moreover, researchers and businesses are working to develop next-generation electrical devices based on graphenes, such as field-effect transistors, radio frequency circuits, and sensors. Also, the prominence of EV manufacturing companies and regulations by the government to conserve the environment will fuel the market growth of the graphene electronics market in the region.

Competitive Insight

To stay ahead of the competition and expand business and customer base, graphene electronics companies are employing techniques such as product innovation, product launches, partnerships, M&A, collaborations, alliances, and so on.

Grafoid Inc. is a graphene research, development, and investment firm that invests in maintains, and creates markets for technologies that produce economically scalable graphene for usage by top corporations and universities in graphene development applications. Grafoid's leading investment creates application-friendly, low-defect, high-energy-density few-layer graphene using a safe, non-destructive extraction technique that has the smallest environmental impact.  Grafoid considers its proprietary technology to be a new worldwide standard for economically scalable, high-purity graphene products that can be modified for both industrial and commercial uses. With Mesograf TM, Grafoid has successfully created a patented, environmentally friendly, one-step process for creating near-pristine graphene in bulk, and is now producing graphene on a commercial scale.

Skeleton was one of the first companies to develop graphene. Their ultracapacitors, also known as supercapacitors, are living proof of graphene's power, as are their proprietary "curved graphene" products. Their ultracapacitors can already be found in hybrid trucks, vehicles, and buses, as well as wind turbines, power grids, and satellites. Skeleton Technologies is a developer and manufacturer of ultracapacitors with excellent energy and power density. For the automotive, transportation, industrial, and renewable energy markets, the firm develops green and cost-effective energy storage solutions.

Grafoid Inc. (the "Acquiror") announced that on July 21, 2021, it acquired 3,437,500 units (the "Units") of Braille Energy Systems Inc. (the "Corporation") as part of a non-brokered private placement of up to 7,812,500 Units at a price of $0.32 per unit (the "Offering Price") for aggregate gross proceeds to the Company of up to $2,500,000 (the "Transaction").

In July 2021, CAF Power & Automation, a leading developer of electric power solutions for the rail sector, has secured a contract with Skeleton Technologies to supply ultracapacitors in trams powered by CAF P&A's OESS-s system (On-Board Energy Storage Systems). Skeleton's cells will be part of the Greentech OESS portfolio, which is already being used by some of the world's most prestigious railway firms to provide cutting-edge solutions for energy recovery, peak shaving, and catenary-free applications.

Some of the major players in the graphene electronics industry include Graphene Frontiers, Graphene Research Labs Pvt. Ltd, GRAPHENE SQUARE INC., Grafoid Inc, Graphenea S.A., Skeleton Technologies, IBM Corporation, Western Digital Corporation, SAMSUNG, and BASF SE.

Graphene Electronics Market Size and Market Analysis

Region Covered in the Report

•    North America

- U.S.
- Canada
- Mexico

•    Europe

- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe

•    Asia-Pacific (APAC)

- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific

•    Rest of the World (RoW)

- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries

Frequently Asked Questions

The global graphene electronics market is anticipated to grow at a 15.7% CAGR during the forecast period 2021-2027.
One of the major causes driving graphene electronics adoption during the forecast period is the conductivity feature of the graphene. Graphene's adaptability and exceptional qualities like thermal and electrical conductivity, strength, and lightweight, have facilitated its use in solar energy devices, electrical devices, and batteries.
The graphene supercapacitors dominate the market as graphene is a thin layer of pure carbon material. Owing to its properties such as high strength, light absorption, and environment-friendly nature, it is extensively used in electronic applications .
APAC is anticipated to grow at a faster pace in the graphene electronics market owing to the increased presence of manufacturers in the consumer electronics sector will accelerate the growth of the market.
Some of the major players in the global graphene electronics market include Graphene Frontiers, Graphene Research Labs Pvt. Ltd, GRAPHENE SQUARE INC., Grafoid Inc, Graphenea S.A., Skeleton Technologies, IBM Corporation, Western Digital Corporation, SAMSUNG, and BASF SE.

Place an order

Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

CONNECT WITH OUR SALES TEAM