Global Graphene Electronics Market is segmented By Type (Graphene Transistors, Graphene Sensors, Graphene Chips and ICs, Graphene Supercapacitors, Others) By Product (Display, Memories, Batteries, Solar Cell, Others) By Application (Consumer Electronics, Data Storage, Solar Power Generation, Others) By End-User (Automotive, Healthcare, Industrial Robotics, Aerospace and Défense, Others) and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Graphene Electronics Market Size
Global Graphene Electronics Market reached US$ 430.67 million in 2023 and is expected to reach US$ 1,369.30 million by 2031, growing with a CAGR of 15.80% during the forecast period 2024-2031.
The rising demand for IoT devices and smart technologies is driving demand for advanced electronic components. Graphene-based materials and devices are being integrated into IoT sensors, communication modules, and wearable devices to enable real-time data monitoring, remote sensing, and smart device functionalities. The market trend toward IoT integration presents opportunities for graphene electronics manufacturers to capitalize on the growing demand for interconnected smart devices.
For instance, on June 6, 2023, GrapheneDX, General Graphene Corporation, and Sapphiros announced a strategic partnership aimed at advancing the industrialization of graphene-based biosensors. These biosensors are intended for use in medical devices for diagnosing a range of diseases directly at the point of care and in consumer environments. GrapheneDx specializes in functionalizing graphene to produce graphene field-effect transistors.
Companies in North America are increasingly forming strategic collaborations to leverage complementary strengths and innovation in graphene electronics. Collaborations between research institutions and established corporations facilitate technology transfer, and joint product development initiatives, further boosting market growth and commercialization efforts.
Graphene Electronics Market Summary
Metrics |
Details |
CAGR |
15.80% |
Size Available for Years |
2022-2031 |
Forecast Period |
2024-2031 |
Data Availability |
Value (US$) |
Segments Covered |
Type, Product, Application, End-User, and Region |
Regions Covered |
North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
Fastest Growing Region |
Asia-Pacific |
Largest Region |
North America |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other key Insights. |
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Graphene Electronics Market Dynamics
Rising Preference for Comfort Electronics
Energy storage devices like batteries and supercapacitors could perform better and be more efficient if made of materials based on graphene. The development of lightweight, flexible, and highly energy-density energy storage solutions is made possible by graphene's high surface area, conductivity, and mechanical strength. As the need for effective and adaptable energy storage solutions increases, graphene electronics is predicted to see growth in the market.
For instance, on May 20, 2023, Graphene Square Electronics announced a crowdfunding initiative on Kickstarter to garner support for their innovation, the Kitchen Styler appliance as the world's inaugural graphene-powered kitchen device. This groundbreaking product relies solely on graphene for its heat source, utilizing CVD graphene in its construction.
In 2023, according to Invest India, electronic goods exports from April to November 2023, reached $17.74 billion compared to $14.36 billion in the same period of 2022, increasing demand by 23.56%. India's ascent in the Network Readiness Index 2023 to rank 60, a notable increase of 7 ranks from its position at 67 in 2021, underscores the country's strengthening presence in electronics.
Rising Preference for Energy Solutions
Graphene-based electronic components, such as transistors and interconnects, exhibit superior electrical conductivity, enabling faster switching speeds and lower power consumption compared to traditional materials like silicon. As energy efficiency becomes a critical consideration for electronic devices, the adoption of graphene-based components in smartphones, computers, and other consumer electronics will drive market growth.
Manufacturers are also responding to energy-efficient components by developing new products. For instance, on May 16, 2022, the 2D Experimental Pilot Line, an initiative stemming from the Graphene Flagship, announced its inaugural customizable wafer run. This initial phase, part of a series of five multi-project wafer runs, concentrates on sensor applications. This endeavor invites participation from companies to incorporate their designs onto shared wafers.
High Production Costs
The high production costs associated with graphene production, purification, and integration into electronic devices often result in higher product prices. This limits the cost-effectiveness of graphene-based electronic products compared to those using traditional materials such as silicon. As a result, the adoption of graphene electronics is hindered in price-sensitive markets.
Significant investments in research and development are required to advance graphene synthesis methods and improve material quality, and manufacturing processes. These research costs contribute to the production costs of graphene electronics in the early stages of technology development. Companies are hesitant to invest in graphene-based products without a clear path to cost reduction.
Graphene Electronics Market Segmentation Analysis
The global graphene electronics market is segmented based on type, product, application, end-user, and region.
Growing Demand for Lightweight Materials in Automotive
The automotive segment holds the largest share of the global graphene electronics market. Graphene ultra-lightweight and strong electronic is gaining popularity as a viable option for manufacturing lightweight automotive components such as body panels, structural parts, and chassis components. The graphene electronic is used to help automakers meet fuel efficiency and enhance vehicles, boosting its adoption in the automotive market.
Graphene-based materials offer unique properties including durability, making them suitable for flexible displays, touchscreens, and printed electronics used in automotive interiors. The adoption of graphene-based electronics enhances the user experience, safety, and functionality of in-car electronics, and contributes to its market penetration in the automotive.
Manufacturers are also developing graphene-based new products and boosting segment market growth. For instance, on the 27th of May 2021, known as Kenzo Day, history was made as IGL announced the launch of their multi-award-winning ceramic coating, the graphene-reinforced Ecocoat Kenzo. Kenzo, IGL's signature 10H-rated, high-solids ceramic coating, was launched to thousands around the world on this significant occasion.
Graphene Electronics Market Geographical Share
Growing Innovations and Strong Market Presence in North America
North America is a hub for technological innovation and research in graphene electronics. The region is home to leading research institutions, universities, and companies actively involved in developing graphene-based materials, devices, and applications. The continuous advancements in graphene synthesis methods, material characterization techniques, and device integration technologies contribute to the region's dominance in the global market.
For instance, on August 8, 2023, LG Electronics USA launched its 2022 collection of TONE Free true wireless earbuds, scheduled for release in the US from September 2022 onwards. It is leading the lineup in the flagship model, TONE Free T90, which promises exceptional sound quality attributed to various enhancements, notably the integration of graphene to minimize vibration.
Covid Impact Analysis On Graphene Electronics Market
The pandemic restricted and disrupted electronic supplies, leading to delays in the procurement of raw materials and equipment required for graphene production and manufacturing. This disruption adversely affected the production capacity of graphene electronics manufacturers, leading to supply shortages and potential price fluctuations in the global graphene market.
The adoption of technologies during the pandemic led to increased demand for new graphene electronic devices with improved connectivity, processing power, and energy efficiency. Graphene-based components including speed transistors, flexible displays, and energy-efficient batteries have the potential to address these evolving needs, driving global graphene market growth.
Russia and Ukraine War Impact Analysis
The conflict affected raw materials availability for the production of graphene by upsetting supply chains, especially those that depended on components and materials sourced from the area. Because of this, producers of graphene electronics had difficulty keeping up production levels and satisfying consumer demand, which raised the possibility of supply shortages and market price volatility.
Trade policy uncertainty made investors wary, and export restrictions affected their decisions, which might have slowed down the growth and expansion of the graphene electronics market. The market has been affected by uncertainties about geopolitical developments and possible disruptions to global trade flows, which have caused variations in consumer preferences.
Key Developments
- On January 5, 2024, Scientists launched the inaugural functional graphene semiconductor. This breakthrough has the potential to revolutionize computing and electronics. By developing the world's first operational semiconductor utilizing graphene—a material prized for its resilience, flexibility, lightweight nature, and high resistance—researchers have made a groundbreaking advancement in the field of electronics.
- On August 14, 2023, MeitY Secretary S Krishnan inaugurated two significant initiatives in Kerala: The Centre of Excellence (CoE) in Intelligent Internet of Things (IIoT) Sensors and India's maiden graphene center, the India Innovation Centre for Graphene (IICG). The CoE in IIoT Sensors, situated at Maker Village Kochi, is a pioneering facility established through collaboration between MeitY, the Government of India, and the Government of Kerala.
- On July 24, 2023, Samsung Electronics and LG Electronics announced their investments in the development of graphene-based components. Their focus is on enhancing the durability and energy efficiency of various products, including semiconductors and home appliances. This strategic move underscores their commitment to leveraging graphene's properties for innovative advancements in their product lines.
Graphene Electronics Market Companies
The major global players in the graphene electronics market include Graphenea, Inc., Grafoid Inc., Skeleton Technologies, Samsung Electronics, IBM Corporation, AMG, Applied Graphene Materials, GrafTech International Ltd., Haydale Graphene Industries plc and CrayoNano.
Why Purchase the Report?
- To visualize the global graphene electronics market segmentation based on type, product, application, end-user, and region, as well as understand critical commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous graphene electronics market-level data points with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of critical products of all the major players.
The global graphene electronics market report would provide approximately 70 tables, 69 figures, and 213 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies