Global Graphene Electronics Market is Estimated to Reach $797 Million by 2024, Says Accurize Market Research
Global Graphene Electronics Market report published by Accurize Market Research forecast that the global market is expected to reach $797 Million by 2024; growing at a CAGR of 48% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rising tourism industry, advancement in standard of living and hectic lifestyle to drive the growth of the market
Increasing R&D, growing demand for flexible & high performing products and increased implementation in advanced batteries and ultra-capacitors fuels the demand for the global graphene electronics market. Furthermore, emerging markets and new product developmentalso boost the growth of the market.
The global graphene electronics market has been bifurcated on the basis of material type, application, and geography. On the basis of material type, the market is segmented into graphene film, graphene oxide, graphenenano platelets, graphene foam, and other material types. On the basis of application, the market is segmented into batteries & ultra-capacitors, sensors, electronic products body applications, and other applications.
By geography the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers Germany, France, UK, and Rest of Europe. Asia-Pacific covers China, Japan, India, and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Middle East and Africa.
“Graphene film accounted for the largest market share in the material type segment”, says Accurize
In the material type segment, graphene film accounted for the leading market share in 2017 and is expected to continue its dominance during the forecast period 2017–2025, owing to the growing usability in various electronic devices, and their noticeable price factor compared with other graphene materials.
Batteries & ultra-capacitors accounted for the major market share in 2017, in the application segment, owing to the fact that graphene-based batteries & ultra-capacitors have high energy density & are used for alternative energy requirements.
“North America dominated the global market with the highest market share over the forecast period", says Accurize
North America dominated the market with 39% market share in 2017. Whereas, Asia-Pacific is expected to attain the fastest CAGR during the forecast period driven by factors such as growth of key industries such as media, telecommunication, broadcasting, and building and construction in emerging nations such as India, China, and Japan.
Top players in the market
The key players operational in the market includes Samsung Electronics Co., Ltd., GrafTech International Ltd., Graphenea SA, Grafen Chemical Industries Co. Ltd., CrayoNano, Skeleton Technologies, IBM Corporation, Grafoid, Inc., Applied Graphene Materials Plc., and AMG Advanced Metallurgical Group, among others.
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