PUBLISHER: Allied Market Research | PRODUCT CODE: 1239430
PUBLISHER: Allied Market Research | PRODUCT CODE: 1239430
The global graphene electronics market was valued at $270.8 million in 2021 and is projected to reach $5.2 billion by 2031, growing at a CAGR of 34.2% from 2022 to 2031. Graphene is an enhanced electrode material used to create next-generation electronics components for portal devices, electric vehicles, solar panels, and others. The rise in the evolution of touchscreen-based electronics solutions over the last decade is driving the growth of the graphene electronics market.
The growth of global graphene electronics is majorly driven by the surge in sales of electric vehicles coupled with the thriving portable electronics industry. Moreover, superior performance and functionalities are expected to drive market growth. However, the high cost and lack of awareness of graphene technology are acting as prime restraints for the global market. On the contrary, the rise in government initiatives in research and development is anticipated to provide lucrative opportunities for the graphene electronics industry during the forecast period.
The graphene electronics market is segmented on the basis of product, industry vertical, and region. The product of the market is segmented into displays, memories, batteries, solar cells, integrated circuits & chips, and others. By end user, the market is classified into consumer electronics, automotive, healthcare, industrial robotics, aerospace & defense, and others. Region-wise, the graphene electronics market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, Spain, and the Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the market include: AMG Advanced Metallurgical Group N.V., Graphene Platform Corporation, Graphene Frontiers LLC, Graphenea S.A., Talga Group, Graphene Square, Inc., NanoXplore Inc., First Graphene, Versarien plc, and Grafen Chemical Industries Co. Ltd