Graphene Electronics Market to Reach USD 2.8 billion by 2030 growing at a CAGR of 30.50% During The Forecast Period 2023-2030

18 May 2023

Contrive Datum Insights

The Global Graphene Electronics Market Was Valued At $337 million In 2022 And Is Expected To Expand $2.8 billion By 2030 at a CAGR Of 30.5% From 2023 To 2030.

Key factors driving the growth of this market include the growing product penetration in the electronics industry to aid growth, growing demand for IoT applications in the household and industrial sectors, increasing governments' initiatives for environment-friendly energy generation.

The graphene electronics market is growing because more and more home and business IoT applications are being made. Graphene-based IoT devices are quick, dependable, and simple to use. As a result, more people are interested in IoT devices. Graphene electronics are built into the IoT sensor, which makes it sensitive and quick to respond. This will lead to significant growth opportunities during the forecast period.

Browse Market data Tables and Figures spread through Pages and in-depth TOC on " Graphene Electronics Market Size, Share & Trends Estimation Report By Outlook, By Region, And Segment Forecasts, 2023 - 2030" View detailed Table of Content here- https://www.contrivedatuminsights.com/product-report/graphene-electronic-market-128704/

Segmentation Overview:

Type Outlook:

Graphene oxide (GO), graphene nanoplatelets (GNP), and other products comprise the various market segments.

In 2021, GNP held the largest market share, and this trend is likely to continue until 2029. These nanoparticles are used extensively in medical devices, conductive inks, energy, composites, and coatings, among other applications. Lightweight composite materials are gaining popularity in the aerospace and automotive industries due to their strength, surface hardness, and rigidity. This will stimulate market expansion. Several R&D activities are conducted to commercialize GNP production.

Due to the increasing demand for nanotechnology in the electronics and semiconductor industries, GO is likely to experience substantial growth in the coming years. Moreover, the increasing application of GO in a variety of end-use industries, such as electronics, automotive, aerospace & defence, construction, textile, and healthcare, is anticipated to be one of the key factors driving the market's growth over the forecast period.

Application Outlook:

The graphene battery market is anticipated to experience the highest CAGR between 2021 and 2026, at 32.6%. This will be followed by the market for capacitors, which is anticipated to expand at a CAGR of 30.8% over the same period. The addition of graphene to the electrodes has made a significant difference in the energy density, weight, charging time, shape, and recyclability of batteries, which is the primary reason for the growth of the battery market. The graphene battery market is anticipated to expand in the coming years as more automobiles and consumer electronics require batteries with greater power and lower weight. In March 2020, researchers from Trinity College Dublin, CIC EnergiGUNE, and INCAR-CSIC in Spain will announce that they have created rechargeable batteries and energy storage devices from an environmentally and humanly safe graphene-based material. In addition, rising demand for super capacitors and ultra-capacitors for burst-mode power delivery applications, such as electric vehicles, trains, cranes, and others, is anticipated to propel the graphene-based capacitor market during 2021-2026. In 2020, scientists from University College London and the Chinese Academy of Sciences created a bendable and rapid-charging graphene supercapacitor. It can also safely store an unprecedented amount of energy for long-term use.

End-User:

Based on how they will be utilized, the market is segmented into electronics, aerospace and defense, automotive, energy, and other industries.

The product is revolutionizing the aerospace industry because it improves the performance of coatings and composites. These are used to construct aircraft, unmanned aerial vehicles, helicopters, and spacecraft. It strengthens the material, makes it thinner, and reduces its weight. Consequently, increasing fuel efficiency and reducing emissions throughout the life of an aircraft. Due to its high electrical conductivity, the material is used to create lighter and more durable structures for helicopters and airplanes. This permits the incorporation of de-icing systems into the wings.

The global auto industry faces issues such as reducing energy consumption, improving vehicle safety, and reducing carbon emissions. This will result in more stable vehicle dimensions, which could be advantageous for the auto industry. It is used in coatings and composites to create strong, safe, and lightweight vehicles. It can be substituted for steel, aluminum, and carbon fibre and it increases the stability of vehicles.

Regional Analysis:

APAC accounted for approximately 42.8% of the global graphene electronics market in 2020. This is due to the presence of numerous large manufacturers of consumer electronics, batteries, solar panels, etc. Aside from this, Taiwan is well-positioned to drive innovation in graphene electronics as a leader in the production of semiconductors and displays. In 2019, North America is anticipated to hold the second largest market share for graphene. This is as a result of the increased investment in graphene electronics research and development, which has created new growth opportunities in the region. The United States is a nation with numerous graphene-producing industries. The growth of the market in the region is aided by the presence of electric car manufacturers and environmental protection laws enacted by the government.

Scope of Report:

Market Dynamics:

Restraining Factors:

Environmental impact is likely to impede market expansion

As a result of their carbon-based flexibility, graphene nanomaterials (GFN) have gained popularity in nanotechnology research. This is because they can be utilized in various ways to advance in various fields. However, there are concerns about the material's role in the future of sustainability.

Researchers at the University of California, Riverside's Bourns of Engineering discovered that GO nanoparticles can be harmful to the environment if released into rivers and lakes. More and more people are utilizing GO, but it is believed to be hazardous to human health. As the amount of graphene produced increases, governing bodies such as the Environmental Protection Agency (EPA) must be aware of its potential environmental effects.

GFN is a 2D carbon nanomaterial that, if released into the air, water, or soil, could be harmful to the environment. Additionally, GNM can be affected by the environment in a variety of ways, including chemical, physical, and biological modifications that can alter their structure, chemistry, and physical properties.

Process that is expensive and time-consuming

The production of high-quality graphene is expensive and time-consuming. Graphene is highly reactive with oxygen and heat, and it contains impurities and toxic substances. Due to their high cost, graphene batteries cannot be utilized by conventional businesses. This could hinder the growth of the graphene electronic market.

These changes can be detrimental to the environment because they can increase or decrease the toxicity of GFNs. For a sustainable future, it is essential to investigate the possibility of future toxicity resulting from these changes and how they affect the environment. These factors are likely to retard the market's expansion.

Opportunity Analysis:

Demand for electronic memory devices is rising

Due to the increasing popularity of midrange and high-end laptops, smartphones, wearables, gaming consoles, and other devices that use these chips for both non-volatile and volatile memory, the number of devices that use memory chips has increased dramatically. Graphene's low power consumption, high uniformity, increased density, SET voltage modulation, transparency, and other properties are likely to attract the attention of memory device manufacturers. This should facilitate the future adoption of graphene-based memory systems in the consumer electronics market.

Key Segments Covered:

Top Market Players:

Graphene Frontiers
Graphene Laboratories, Inc.
Graphene Square
Grafoid, Inc.
Graphenea S.A.
Skeleton Technologies
Samsung Electronics Co., Ltd.
SanDisk Corporation
Galaxy Microsystems Ltd.
IBM Corporation
AMG Advanced Metallurgical Group N.V.

By Type:

Graphene transistors
Graphene sensors
Graphene chips and ICs
Graphene supercapacitors

By Product Outlook:

Display
Others
Memories
Batteries
Solar Cell
Integrated Circuits and Chips

By Material Type:

Graphene film
Graphene nanoplatelets (GNPs)
Graphene oxide
Graphene foam
Others

By Application:

Graphene film
Graphene nanoplatelets (GNPs)
Graphene oxide
Graphene foam
Others

By End-User:

Consumer electronics
Data storage
Solar power generation

Regional Outlook (Revenue, USD Million, 2017 - 2030)

North America

US
Canada
Mexico
Rest of North America

Europe
- Germany
- France
- Italy
- Spain
- UK
- Nordic Countries
  - Denmark
  - Finland
  - Iceland
  - Sweden
  - Norway
- Benelux Union
  - Belgium
  - The Netherlands
  - Luxembourg
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Southeast Asia
  - Indonesia
  - Thailand
  - Malaysia
  - Singapore
  - Rest of Southeast Asia

Rest of Asia-Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

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