Graphene Electronics Market size is expected to experience a healthy growth during 2023 to 2032. The growing product adoption in solar power and electrical industries for robust electrical and heat conductivity properties would complement the thriving market scenario.
The conductivity property of graphene is one of the significant factors that will propel the graphene electronics market value. Moreover, the product’s versatility and extraordinary properties including thermal & electrical conductivity, strength, and lightweight, have leveraged its adoption in solar energy devices, electrical devices, and batteries.
The rising adoption of IoT applications will fuel the demand for graphene electronics devices. The sensor used for IoT applications is integrated with graphene electronics to deliver highly sensitive and fast response time, creating high growth opportunities in the coming years. Besides, graphene’s exceptional electrical conductivity and light weightiness supplement its use in the production of smart devices for IoT implementation.
Ongoing government initiatives toward eco-friendly generation of energy are slated to contribute to the graphene electronics market growth. Graphene-based batteries have increased energy storage capacity and deliver less charging time, aiding their adoption in energy conversion applications.
High initial investments, lack of required infrastructure, and design complexities are some of the prominent factors restraining the market revenue. However, to overcome complexities, companies are continuously involved in the research & development of manufacturing devices with superior electrical & thermal properties, driving the market demand. Companies are also developing graphene-based ink for coating substrates to limit electromagnetic interference, gas barrier films, and light & strong composites for automotive and naval markets.
Based on device type, the graphene electronics market from graphene supercapacitors segment is likely to hold a significant revenue share till 2032. Graphene supercapacitors have high energy density due to high electrical conductivity and fast carrier mobility. These supercapacitors can be used in regenerative braking in automobiles, trains, and elevators, where rapid charge and discharge cycles are needed.
Based on application, the consumer electronics segment would amass notable gains through 2032, due to rising integration of graphene into smartphones, smart wearables, and touchscreen devices. Graphene can be used as a coating to improve touch screens of smart devices and in computer circuits to enable fast functioning. It provides fast mobility to electrons increasing electrical conductivity, which makes it a useful manufacturing material in the circuits. Companies are majorly focusing on integration of graphene electronics solutions into their product offerings to deliver fast & efficient functionalities and enhance customer experience.
Geographically, North America is projected to emerge as a revenue pocket in the overall graphene electronics market over the coming years. This can be credited to robust research & development activities in the region. Research institutes and companies are collaborating to produce next-generation electrical devices such as field-effect transistors, radio frequency circuits, and sensors based on graphene. Furthermore, rising demand for smart wearables among the population is driving the regional market statistics.
Meanwhile, Asia Pacific is projected to drive graphene electronics demand subject to the rising penetration of IT industries in this region. The IT industries are increasingly adopting data storage facilities either in-house or service providers, thereby augmenting the demand for high storage density and rewriteable capacities, creating high growth opportunities for the market.
Some of the leading companies involved in the graphene electronics market are 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, and AMG Advanced Metallurgical Group N.V. Strategic partnerships and collaborations and new product launches by leading companies is projected to open new growth avenues for graphene electronics industry in the coming years.
For example, in 2022, Skeleton Technologies has inked collaboration with Siemens for development, planning, and implementation of a fully automated and digital manufacturing technology for the production of graphene supercapacitors.
Growing investments in R&D activities around graphene electronics would add to the market prospects through 2032. Supporting the aforesaid, researchers from Georgia Institute of Technology, Kwansei Gakuin University, Tianjin University, CNRS, and National High Magnetic Field Laboratory announced developing a new graphene-based nanoelectronics platform. The product which is made compatible to work with conventional microelectronics manufacturing, is paving way for a successor to silicon.
The graphene electronics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments:
Market, By Device Type:
Market, By Application:
The above information has been provided for the following regions and countries: