At
present, very few graphene electronic devices are available
commercially throughout the globe. Increasing applications of
graphene are expected to boost the global graphene electronics market
during the period between 2015 and 2025. The global graphene
electronics market was valued at US$8.5 mn in 2014 and it predicted
to reach US$1.2 bn by 2025 at a 60.7% CAGR. The global graphene
electronics market is primarily driven by increasing applications of
graphene across the globe.
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The
demand for advanced electronic devices is increasing every year, thus
boosting the growth of the global graphene electronics market
further. Graphene-based chips are faster and dispel better heat as
compared to traditional chips. With better production techniques of
graphene and advanced research and development, the global graphene
electronics market is expected to develop rapidly in coming few
years.
Batteries
and Ultracapacitors Segment Constituted 63% of Market in 2014, to
Grow Further
Graphene
is a 2D allotrope of carbon, used in various applications. It was
isolated in 2004, for the first time, at the University of
Manchester, United Kingdom. Graphene is one of the strongest and
lightest material and exhibits good conductivity of electricity and
heat. Considering its versatile nature, graphene is now being
explored in more applications than ever before. In the near future,
graphene is predicted to be used in combination with 2D materials
such as tantalum and boron nitride.
The
global graphene electronics market is segmented on the basis of
geography, applications, and material type. Based on applications,
the global graphene electronics market is classified into batteries
and ultracapacitors, electro mechanical systems (EMS), lighting,
electronic products, display, sensors, chips, memory, and others. In
2014, the batteries and ultracapacitors segment dominated the global
graphene electronics market with the highest share of 63%. This
sector is expected to maintain its dominant position till 2025.
Higher energy density displayed by graphene-based ultracapacitors and
growing demand for alternative energy are two of the major factors
propelling the batteries and ultracapacitors segment.
Based
on material type, the global graphene electronics market is divided
into graphene film, graphene nano platelets, graphene foam, graphene
oxide, and others. In 2014, the global graphene electronics market
was dominated by the graphene film segment with a share of 64%.
With
40% Share of Global Market in 2014, North America to Continue
Dominance
The
global graphene electronics market can be geographically classified
into North America, Asia Pacific, Europe, and Rest of the World. In
2014, the North America market for graphene electronics dominated the
global graphene electronics market with a 40% share. The North
America market for graphene electronics is expected to maintain its
dominant position till 2025 due to a high level of research. Other
regions are expected to maintain a steady growth during the forecast
period.
Some
of the leading companies operating in the global graphene electronics
market are Graphene Frontiers (U.S.), Graphene Square (South Korea),
Graphenea S.A. (Spain), Samsung Electronics Co. Ltd. (South Korea.),
SanDisk Corporation (U.S.), Galaxy Microsystems, Ltd. (China),
Graphene Laboratories, Inc. (U.S.), Grafoid, Inc. (Canada), Skeleton
Technologies (Germany), and IBM Corporation (U.S.).
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