The global graphene electronics market was valued at US$ 994.18 million in 2018 and is expected to grow at a CAGR of 17.3% from 2019 to 2027. The future of electronics is heavily dependent on flexible devices that are bendable, stretchable, foldable, wearable, and transparent. Currently used rigid devices are likely to be replaced with more convenient, durable, and lightweight, flexible displays, circuits, and storage devices in the near future. An upsurge in demand for transparent, flexible, and super-performing electronic products for their applications as sensors, electronic displays, solar cells, etc., is providing tremendous growth prospects for the adoption of graphene electronics. Graphene has enabled significant progress in the advancement of current electronic systems owing to its most important thermal, electronic, mechanical, and optical properties. The extraordinary mechanical sustainability, along with an unaffected electronic performance at the time of bending, rolling, or stretching, is helpful in developing high-performance wearable and flexible electronic devices. Thus, the growing demand for smart consumer electronics is expected to facilitate the growth of the overall graphene electronics market during the forecast period from 2019 to 2027.
Market Snapshot
Consumer Electronics Garnered the Largest Market Share in 2018
In 2018, consumer electronics applications held the largest market share in the global graphene electronics market. The segment is likely to grow at a substantial rate during the forecast period from 2019 to 2027. Consumer electronics have become an essential part of everyone's life. In today's well-connected and fast-paced world, it is evolving rapidly. Consumer electronics have penetrated every aspect of human life, leading to aggressive innovation and investment by several tech giants. In consumer electronics applications, graphene is used as a coating for improving the touch screens of several handheld devices, such as smartphones, tablets, etc. Thus, the speedy growth of flexible electronics has the potential to transform consumer electronic devices from rigid or inflexible phones and tablets to robust, flexible, wearable devices in the near future.
North America to Continue its Supremacy during the Forecast Period from 2019 to 2027
Based on geography, North America held the largest market share in 2018. The region is expected to continue with its dominance during the forecast period from 2019 to 2027. Growing studies pertaining to the development of graphene electronics have led to the use of currently available graphene electronic devices, which is ultimately leading to regional growth. The U.S. market dominated the North American market in 2018 and is expected to remain foremost in the coming years. Europe accounted for the second-largest graphene electronics market in 2018. Asia Pacific is projected to emerge as the fastest-growing region during the forecast period from 2019 to 2027. The growing use of consumer electronic devices, including smartphones, wearable devices, etc., is expected to grow at a higher rate in the near future. The evolving consumer electronics industry is expected to drive growth in the Asia Pacific graphene electronics market.
Competitive Insights
The major players identified in the graphene electronics market include AMG Advanced Metallurgical Group, Applied Graphene Materials plc, Grafoid Inc., GrafTech International, Graphene Frontiers, Graphene Square Inc., Graphenea Inc., Graphene 3D Lab, Inc., Skeleton Technologies, and Samsung Electronics Co., Ltd., among others. These players are continually focusing on strengthening their product portfolios in order to cater to the rising needs of their customers. New product development and collaboration continue to be major strategies used by the leading players to gain a competitive advantage.
Periods of History and Forecast
The research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The graphene electronics market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global graphene electronics market based on technology, material type, device type, application, and geography. Key segments covered in the report are as follows:
Key questions are answered in this report.
What was the market size of the graphene electronics market in 2018, and what is the forecast up to 2027?
What are the key factors driving the global graphene electronics market?
What are the key market trends and high-growth opportunities observed in the graphene electronics market?
What are the drivers of the graphene electronics market?
Which is the largest regional market for graphene electronics?
Which segment will grow at a faster pace? Why?
Which region will drive the market's growth? Why?
Which players are leading the graphene electronics market?
What are the sustainability strategies adopted by the key players operating in the market?
Frequently Asked Questions:
The market for Graphene Electronics Market is expected to reach in US$ 994.18 Mn in 2027.
The Graphene Electronics Market is expected to see significant CAGR growth over the coming years, at 17.3%.
The report is forecasted to 2019-2027.
The base year of this report is 2018.
AMG Advanced Metallurgical Group,Applied Graphene Materials plc,Grafoid Inc.,GrafTech International,Graphene Frontiers are some of the major players in the global market.
