Global market for graphene electronics has been covered under the scope of this report. Graphene is a two dimensional (2D) allotrope of carbon. It was isolated for the first time in 2004 at the University of Manchester, United Kingdom (U.K.). Graphene is deemed to be one of the lightest as well as strongest material apart from having very good conductivity of heat and electricity. The versatile nature of graphene has led to it being explored for numerous applications. Since its discovery, graphene has been researched on for improving the performance efficiency of currently available electronic devices and their components. In near future, it is expected to be used in conjunction with other 2D materials, such as boron nitride and tantalum (IV) sulfide among others, or solely to develop advanced electronic devices. Devices such as graphene field effect transistors (GFETs) and graphene based batteries and ultracapacitors has shown promises of revolutionizing the electronic industry.
Currently, very few graphene based electronic devices are currently available commercially across the globe. The global graphene electronics market is primarily driven by the versatile applications of graphene. Graphene’s superconductivity feature has led to it increasingly becoming an important constituent of advanced batteries and ultracapacitors. GFETs have shown that biosensors and chemical sensors based on graphene can derive result faster and more accurately than traditional sensors. Chips developed with graphene have shown significant performance improvements as compared to traditionally available chips. Though few experts believe that graphene may not be able to completely replace silicon and instead expected to be more suited for application in conjunction with silicon. Research is being conducted for developing flexible screens with aid of graphene and may be commercially available in the near future. With the rising demand for advanced electronic devices having better features, in the global electronic industry, the graphene electronics market can be expected to be impacted positively during the forecast period.
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The global graphene electronics market has been segmented into four regions: North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW). North America held the largest market share in 2014. Increasing research on graphene electronic devices coupled with relative ease of procuring required graphene composites are the main driving factors in region. This is because the currently available graphene electronic devices are mostly being utilized for research purposes. Europe was the second largest market, followed by APAC. The graphene electronics market in Europe was mainly driven by high amount of research being conducted in countries such as UK, Germany and Spain among others. Additionally, the European Union’s (EU) Graphene Flagship program has also led to increase in research activities in this region. The growth in APAC can also be attributed to factors similar to North America and Europe. RoW’s market is almost negligible but once graphene based consumer electronic devices is commercially available; the market in this region can be expected to grow significantly.
The global graphene electronics market, by material types, can be divided into five segments: graphene film, graphene oxide, graphene nano platelets (GNPs), graphene foam and others. In 2014, graphene film was the leading segment, accounting for a market share of more than 64%, and is expected to remain the leading segment during the forecast period. The growth can be primarily attributed to their increasing demand for applications in various electronic devices globally. Additionally, their revenue growth can also be attributed to the relatively higher price, compared to other graphene materials.
On the basis of applications, the market can be segmented into ten segments. They are batteries & ultracapacitors, display, sensors, electro mechanical systems (EMS), solar cells, chips, lighting, memory, electronic product body applications and others. In 2014, batteries & ultracapacitors were the largest segment, accounting for a market share of more than 63%. The growth can be attributed to rising demand for graphene based ultracapacitors with high energy density and also to the increasing demand for alternative energy globally.
Some of the leading players in the market are Graphene Frontiers (U.S.), Graphene Laboratories, Inc. (U.S.), Graphene Square (South Korea), Grafoid, Inc. (Canada), Graphenea S.A. (Spain), Skeleton Technologies (Germany), Samsung Electronics Co. Ltd. (South Korea.), IBM Corporation (U.S.), SanDisk Corporation (U.S.) and Galaxy Microsystems, Ltd. (China) among others.
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Research in Graphene Electronics Market to Open New Canvas in Next-gen Consumer Devices
The salient electronic transport properties of graphene make the carbon material a highly promising candidate for next-gen electronics. Graphene electronics currently present the electrical industry with a vast potential for high-speed analog electronics. Growing number of research and development funding initiatives for investigating the use of graphene in efficient and resistant electronic devices is a key aspect for the rapidly evolving graphene electronics market. Billions of dollars and Euros have been forked out by pioneers of next-generation electronics. The growing demand for flexible electronics for enterprise and consumer markets, coupled with the persistent focus toward electronics miniaturization, has imparted a new growth momentum to demand. Currently, graphene electronics lean on utilizing the material for unconventional superconductivity, which would open the graphene market to exciting applications. A case in point is the growing research interest in unlocking the potential of graphene electronics for nanoelectromechanical accelerometers. Advancements in fabrication technologies have also boosted the revenue potential for industry players. In recent years, an array of research initiatives in developing economies have focused on novel electronics for wearable. This will likely expand the horizon for the commercialization of graphene electronics. Advances in large area and flexible electronics have fueled the prospects. Growing use of graphene electronics in microchips or transistors in the making of flexible electronics has opened new avenues in consumer markets, such as smart devices for consumer applications.
The COVID-19 pandemic has put several snags of the demand and production of raw materials and finished components that find use in consumer markets. The overall decline in the sales and shipping of consumer electronics in the most part of 2024 had adversely influenced the growth dynamics of the graphene electronics market also. However, there also had a favorable avenue in the rapid pace of digitalization in industries. The pandemic triggered a widespread focus of businesses across industries to go digital in order to remain agile in the aftermath. Several organizations who were still unsure of the benefits of digitalization hastened to climb on the bandwagon. Thus, this opened new prospects for flexible electronics for enterprise applications.
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