Press release
Graphene Electronics Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Graphene Electronics Market Size
What Is the Projected Growth of the Graphene Electronics Market?
The graphene electronics market size has seen exponential growth in recent years. It will rise from $1.36 billion in 2024 to $1.8 billion in 2025, with a compound annual growth rate (CAGR) of 33.0%. Contributing factors include government support for environmental conservation, electrification of transportation, graphene's superior thermal conductivity, and its use in nanotechnology.
The graphene electronics market is also expected to grow exponentially, reaching $5.59 billion by 2029 at a CAGR of 32.7%. The growth is attributed to increased demand for energy-efficient products, more IoT devices, growing use in consumer electronics, rising electric vehicle demand, and the need for lightweight composite materials for electrical gadgets. Trends include technological advancements, demand for high-capacity rechargeable batteries, expanding portable electronics, product extensions, and increased R&D activities.
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What Are the Different Graphene Electronics Market Segments?
The graphene electronics market covered in this report is segmented -
1) By Product: Display, Memories, Batteries, Solar Cell, Integrated Circuits And Chips, Other Products
2) By Material Type: Graphene Film, Graphene Nano Platelets, Graphene Oxide, Graphene Foam
3) By Industry Vertical: Consumer Electronics, Automotive, Healare, Industrial Robotics, Aerospace And Defense, Other Industry Verticals
Subsegments:
1) By Display: OLED Displays, Transparent Displays, Flexible Displays, Quantum Dot Displays
2) By Memories: Graphene-Based Flash Memory, Graphene-Based DRAM, Graphene-Based Non-Volatile Memory
3) By Batteries: Graphene-Based Lithium-Ion Batteries, Graphene Supercapacitors, Graphene-Based Sodium-Ion Batteries, Solid-State Graphene Batteries
4) By Solar Cell: Graphene-Based Photovoltaic Cells, Graphene-Enhanced Solar Cells (Perovskite Solar Cells), Transparent Graphene Solar Panels
5) By Integrated Circuits And Chips: Graphene-Based Transistors, Graphene-Based Processors, Flexible And Wearable Electronics Circuits, High-Frequency Graphene Chips
6) By Other Products: Graphene Sensors, Graphene Antennas, Graphene For Flexible Electronics, Graphene-Based Light Emitting Diodes (LEDs)
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What Are the Primary Drivers Shaping the Graphene Electronics Market?
Surging demand for electric vehicles (EVs) is expected to drive growth in the graphene electronics market. EV adoption is accelerating due to advancements in battery technology, expansion of charging infrastructure, and a broader range of vehicle models. Graphene electronics offer significant benefits for EVs, including improved efficiency, faster charging, extended battery life, and enhanced safety. According to the International Energy Agency, as of June 2024, over 3 million electric cars were sold in Q1 2024-up 25% from the previous year-while total EV sales for 2023 exceeded 14 million, accounting for 18% of all vehicle sales globally. China led with 60% of global sales, and Norway achieved a 93% EV sales share. Battery production hit 2.5 TWh in 2023, with expectations to surpass 9 TWh by 2030. This robust EV growth is fueling the graphene electronics market.
Which Companies Are Leading in the Graphene Electronics Market?
Major companies operating in the graphene electronics market are AMG Advanced Metallurgical Group N.V., NanoXplore Inc., Skeleton Technologies GmbH, CVD Equipment Corporation, Vorbeck Materials Corporation, Directa Plus Spa, Versarien PLC, Grafoid Inc., Platonic Nano Tech, Graphene Platform Corporation, Graphenea Inc., Global Graphene Group, First Graphene Ltd., XG Sciences Inc., Crayonano AS, Graphene Square Inc., BTCorp Generique Nano Pvt, Ad-Nano Technologies Pvt ltd., HydroGraph Clean Power inc., Haydale Graphene Industries PLC, Paragraf Ltd., Angstron Materials Inc., Graphmatech AB, Cambridge Graphene Centre, Applied Graphene Materials Plc
What Trends Are Driving Growth in The Graphene Electronics Market?
Leading firms in the graphene electronics market are innovating graphene field-effect transistor (GFET) devices to improve performance, efficiency, and compactness in future electronic systems. GFETs symbolize advanced technology in the electronics sphere, offering substantial benefits in speed, flexibility, and thermal administration. For example, in January 2022, Graphenea Inc., a company based in Spain producing graphene-based chips and materials, introduced the GFET-S30 for sensing applications. This chip uses Graphene's unique High-K Metal Gate (HKMG) process flow to offer 30 back gated graphene devices arranged in a grid formation on the chip.
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What Are the Top Revenue-Generating Geographies in the Graphene Electronics Market?
North America was the largest region in the graphene electronics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the graphene electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Graphene Electronics Market?
2. What is the CAGR expected in the Graphene Electronics Market?
3. What Are the Key Innovations Transforming the Graphene Electronics Industry?
4. Which Region Is Leading the Graphene Electronics Market?
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