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.
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.
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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.).