The global graphene electronics market is anticipated to grow significantly over the forecast period. Graphene, 2D versatile allotrope of carbon, has densely packed carbon atoms in a single plane. It has superior optical, electrical, chemical and semiconductor properties. Conventional electrode materials can be replaced by graphene. Graphene has also been used in diverse application fields such as green technology, smart electricity, and clean technology. As an electrode material, graphene can be used in RFID, solar chips, integrated chips, transistors, and solar packaging. Graphene technology has been the highest growing area in the electronics market. High electricity and heat conductivity, and superior functionality and performance of graphene are major features which are expected to drive the market. The high-cost factors, investments, high expenditure, lack of required infrastructure, and design complexities are expected to be the major market restraints. High investments are expected to prevent market growth and new entrants from entering the market.
By application, the graphene electronics market is segmented into thermal management, consumer, data storage, communication, computing, sensing, display and touch, solar, PV, and green tech application sectors. The highest market share has been held by solar, PV, and green tech application sector. The second-largest market share has been held by the thermal management application sector followed by the consumer application sector, sensing application sector, and display and touch application sector.
Graphene technology market is segmented into graphite ore, chemical vapor deposition (CVD), and others. Chemical vapor deposition is sub-segmented into the thermal and plasma CVD process.
By materials, graphene electronics market in segmented into graphene nanotechnology materials, photovoltaic graphene materials, electronic materials, structured materials, electric and conducting materials, and others.
By devices, market is divided into graphene transistors, graphene sensors, graphene super capacitors, graphene chips, and ICs, lenses, pseudo spintronics, spintronics based graphene devices, and others.
By region, the market is segmented into North America, Europe, Asia Pacific, and RoW. In terms of the graphene technology market value, North America has held the largest market share. Asia Pacific, especially China, is expected to be fastest-growing market. Demand in Europe (Germany and the U.K.) and Rest of the World, especially Latin America and the Middle East, may experience high growth.
Many new players have entered this market and a large number of partnerships and collaborations have been experienced across the value chain. Key players in graphene electronics market are GrafTech International, Inc. (U.S.), Nokia Oyj (Finland), Lomiko Metals, Inc. (Canada), Grafen Chemical Industries Co. Ltd. (Turkey), Sony Corp. (Japan), Samsung Electronics Co. Ltd. (South Korea), AMD (U.S.), Graphene Frontiers LLC (U.S.), IBM (U.S.), CrayoNano (Norway) and Quantum Materials Corporation (U.S.).
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Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) solutions are anticipated to substantially contribute while responding to the COVID-19 pandemic and address continuously evolving challenges. The existing situation owing to the outbreak of the epidemic will inspire pharmaceutical vendors and healthcare establishments to improve their R&D investments in AI, acting as a core technology for enabling various initiatives. The insurance industry is expected to confront the pressure associated with cost-efficiency. Usage of AI can help in reducing operating costs, and at the same time, can increase customer satisfaction during the renewal process, claims, and other services. VR/AR can assist in e-learning, for which the demand will surge owing to the closure of many schools and universities. Further, VR/AR can also prove to be a valuable solution in providing remote assistance as it can support in avoiding unnecessary travel. The report will account for Covid19 as a key market contributor.