Graphene Electronics Market - Forecasts from 2021 to 2026

The global graphene electronics market is expected to grow at a compound annual growth rate of 35.43% over the forecast period to reach a market size of US$4,459.672 million in 2026, from US$533.702 million in 2019. Graphene is a single layer of carbon atoms packed in a honeycomb structure whose electrical, optical, mechanical, and thermal properties make it well-suited for wireless or Radio Frequency (RF) communications. A surge in the demand for flexible, transparent, and super performing products for applications such as electronic displays, sensors, and solar cells among others is providing tremendous growth opportunities for the graphene electronics vendors. Growing demand for the longer battery life of electronic devices is also positively impacting the market growth. However, significant initial investments for market entry and the high cost of graphene integrated components used in electronic devices is an impeding factor to the market growth. North America accounted for the bulk of the global graphene electronics demand, due to the expansion of the research and development budget by various enterprises.

Increasing investment in R&D

The market is expected to surge in the coming years, due to the rising investment in R&D, worldwide. According to the report prepared by the Congressional Research Service, since the year 2000, the total worldwide research & development expenditures have more than tripled, from US$676 billion to over US$2.0 trillion in the year 2019. Countries, such as the United States, China, Japan, India, and others, are expected to play a major role in the market growth in the coming years. The United States had a total share of around 28% in the year 2019. Major researchers and institutions had increased their focus on the development of graphene electronics, due to its mechanical strength, high electron mobility. flexibility and transparency. In the past few years, researchers at the University of California, Los Angeles, had been exploring the development of solution processing, van der Waals thin films, and their need in high-performance wide-area electronics. Moreover, researchers at the University of Surrey and AMBER had been developing a method for manufacturing graphene-based silver nanowires, which could lower the production costs for nanowire-based displays. These trends and developments are expected to play a major role in the market growth.

Growth of the consumer electronics industry.

The market is expected to surge in the coming years, due to the growth of the consumer electronics industry, worldwide. With the rising urbanization and increasing disposable income, the demand for novel and advanced solutions is expected to surge at an exponential rate. According to the World Bank, 68% of the global population is expected to reside in urban areas, by the year 2050. Countries, such as China and India, are expected to play a major role in the market growth, in the coming years. China has been one of the biggest producers and exporters of electronics in the year 2019, according to the data given by the Chinese government. India, according to the India Brand Equity Foundation, had a market size of US$10.93 billion in 2019, for consumer electronics and appliances. According to the country's retailers association, sales of appliances and consumer electronics in the third quarter of FY21 had surged by 23.5%, as compared to its previous year. Major companies have been making significant developments in the market. For instance, Zolo, Anker's audio brand, had been offering its Liber-ty graphene-improved wireless earphones to its customers. The product has a whole day battery life.

Latest Developments

Major companies have been making significant developments in the market, in the past few years.

• In July 2021, researchers from Kansas State University announced the publication of a study that had been showing potential uses of graphene to print supercapacitors that could become an alternative or replace batteries and increase the growth of flexible electronics. The researchers had used graphene inks to print micro and tiny electrodes on flexible materials and then tested them.
• In July 2021, Mason Graphite and Thomas Swan announced the launch of a novel Black Swan Graphene Inc. Thomas Swan has been a major producer of graphene for the electronics industry. Black Swan Graphene had been formed to establish a huge scale commercial manufacturing facility in Quebec, Canada. This development is expected to play a major role in the market growth, in the coming years.

Enhancement of Li-Ion Batteries

Graphene has the potential to enhance the functioning and productivity of Li-Ion batteries. Graphene material has a wider potential to increase the energy storage capacity of lithium-ion batteries. Researchers from the Institute of Basic Science in Ulsan had published a study that states the benefits of using anode made from folded graphene to enhance the energy storage of Li-ion batteries. These trends and developments are expected to play a major role in the market growth, in the coming years.

Segmentation:

By Material type

• Film
• Oxide
• Nano Platelets
• Foam
• Others

By Application

• Batteries
• Display
• Solar Cells
• Chips
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• UK
• Germany
• France
• Italy
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others