Global Graphene Electronics Market Size, Trends & Growth Opportunity and By Device Type (Graphene transistors, Graphene Sensors, Graphene Chips and ICs, and Graphene Supercapacitors), By Applications (Consumer Electronics, Data Storage, and Solar Power Ge

Global Graphene Electronics Market Size, Trends & Growth Opportunity and By Device Type (Graphene transistors, Graphene Sensors, Graphene Chips and ICs, and Graphene Supercapacitors), By Applications (Consumer Electronics, Data Storage, and Solar Power Generation), By Region and Forecast till 2027.

Global Graphene Electronics Market

The Global Graphene Electronics Market is expected to grow from US$ 268.09 Million in 2021 to US$ 2172.8 Million by 2027; it is estimated to grow at a CAGR of 14.78% from 2022 to 2027.

Graphene is an allotrope of carbon ‘C’ atoms packed in honeycomb structure which enables graphene to provide thermal and electrical properties that traditional components lack. Conductivity of graphene is the significant factor which expected to improve the market growth in near future. It is lightweight in nature and which is widely used in various sectors including aerospace, electronics, and automotive.

Market Drivers

Increase in interest on educational institutes and research associations in terms of research activities as well as investments are the driving factors which are expected to boost the global grapheme electronics market. Furthermore, increase in support from ecosystems of other materials will have the positive impact on market growth. Moreover, rise in demand for diverse technologies like green technology, smart electricity etc will propel the market growth. Also, increase in adoption of display and touch applications are expected to drive the market growth.

Market Restraints

However, high costs as well as lack of required infrastructure are the restraining factors which are expected to hamper the global grapheme electronics market growth. Also, high level of new entrants will affect the market growth.

Impact of Covid-19

The demand for the production of final components and raw materials used in consumer markets has been hampered by the COVID-19 epidemic. The graphene electronics market's growth trends were adversely affected by the general decline in consumer electronics sales and shipping in the first half of 2020. On the other hand, the industry's fast expanding digitalization offered a potential prospect. Businesses from all sectors were compelled by the epidemic to concentrate on going digital in order to remain flexible in the aftermath. Several businesses who had reservations about the advantages of digitalization joined on board right away. Flexible electronics for business applications consequently received new prospects, leading to the expansion of the graphene electronics sector.

Segmentation By Device Type: Global Graphene Electronics Market is classified on the basis of Device Type into Graphene transistors, Graphene Sensors, Graphene Chips and ICs, and Graphene Supercapacitors. The market for graphene supercapacitors is the largest in the world, accounting for 45% of all sales in 2021. It is made of a thin coating of pure carbon. It is widely utilised in electronic applications such energy generation, grid power support, automotive, and consumer devices due to its extraordinary strength and eco-friendly nature.

Segmentation By Application: Global Graphene Electronics Market is classified on the basis of Consumer Electronics, Data Storage, and Solar Power Generation.

Segmentation By Region: Global Graphene Electronics Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America has retained the greatest market share in terms of the value of the graphene technology market. The market with the highest growth is predicted to be Asia Pacific, particularly China. Demand may expand rapidly in Latin America and the Middle East, as well as in Europe (including Germany and the United Kingdom).

Market Key Players

Various key players are discussed in this report such as AMG Advanced Metallurgical Group N.V., Applied Graphene Materials Plc, Grafoid Inc., Graftech International Holdings Inc., Graphene Frontiers LLC, Graphene Laboratories Inc., Graphene Square, Inc., Graphenea SA, and Haydale.

Industrial Development

• A contract had been signed by Steel Blue and First Graphene Ltd. in February 2020. For a period of more than two years, Steel Blue will receive graphene and other graphene products under the terms of this agreement.
• Nanoxplore unveiled GRAPHENEBLACK, a new product, in June 2019. It has a feature that enables the recycling and reuse of plastic.
• A contract was signed by Talga Resources Ltd. and the Swedish multinational company Billerud Korsnas in October 2019. In the fibre and board packaging products made by BillerudKorsnas, talphene, a derivative of Taiga graphene, will be utilised.