Yahoo Finance 
$5.2 Billion Graphene Electronics Markets - Global Opportunity Analysis and Industry Forecast, 2021-2022 & 2023-2031
Global Graphene Electronics Market
Dublin, March 27, 2023 (GLOBE NEWSWIRE) -- The "Graphene Electronics Market By Product, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
Global Graphene Electronics Market,' the global graphene electronics market was valued at $270.82 million in 2021, and is estimated to reach $5.2 billion by 2031, growing at a CAGR of 34.2% from 2022 to 2031.
Key factors driving the growth of the graphene electronics market include the rise in government initiatives to expand or upgrade transmission & distribution systems paired with the surge in demand for electric vehicle economies. The graphene electronics market witnesses several R&D activities, endeavoring to develop improved products such as high-storage graphene super-capacitors, Moldable graphene batteries, graphene-based solar cell panels, and more.
There have been struggles in the market to develop energy storage solutions such as batteries and capacitors that can keep up with the current rate of electronic component evolution. Therefore, growing awareness regarding graphene electronics solutions is propelling the demand for cable joints.
The market also offers growth opportunities to the key players in the market. Emerging economies such as China, India, and Brazil are engaged in investments on next-generation semiconductor solutions of remote and rural areas. An increase in demand for consumer electronics solutions and a surge in urbanization are the primary factors that increase the need for electrification, which fuels the demand for power grid infrastructure in these countries, thereby providing growth opportunities for the stakeholders in the coming years.
The key players profiled in the study include Talga Group, Versarien PLC, Graphenea, First Graphene, and Graphene Platform Corporation. The players in the market have been actively engaged in the adoption of various Strategies such as acquisition, product development, partnership, product launch, and expansion to remain competitive and gain an advantage over the competitors in the market.
For instance, In June 2021, Haydale Graphene Industries plc announced that Haydale Technologies (Taiwan) Co., Ltd. ('HTW') signed a supply agreement for specific graphene-based and other specialty inks to Graphene Platform Corp ('GPC'), Tokyo, Japan. Further, the GPC will brand the inks as GP Graphene Ink", which will be specifically targeted to the printed electronics market primarily in Japan, but with the potential to target other Asian countries where there is also a significant market.
Key Market Insights
By product, the batteries segment was the highest revenue contributor to the market and is estimated to reach $1.73 billion by 2031, with a CAGR of 35.7%. However, the ICs and chips segment is estimated to be the fastest-growing segment with a CAGR of 33.2% during the forecast period.
By industry vertical, the automotive segment was the highest revenue contributor to the market, with $95.8 million in 2021, and is estimated to reach $1.99 billion by 2031, with a CAGR of 35.2%.
Based on region, Asia-Pacific was the highest revenue contributor, accounting for $94.8 million in 2021, and is estimated to reach $2.06 billion by 2031, with a CAGR of 35.8%.
Key Attributes:
Report Attribute | Details |
No. of Pages | 301 |
Forecast Period | 2021 - 2031 |
Estimated Market Value (USD) in 2021 | $270.8 million |
Forecasted Market Value (USD) by 2031 | $5200 million |
Compound Annual Growth Rate | 34.4% |
Regions Covered | Global |
Key Market Players
AMG Advanced Metallurgical Group N.V.
Graphene Frontiers LLC
Graphenea
Talga Group
NanoXplore Inc.
Versarien plc
Graphene Platform Corporation
Graphene Square, Inc.
First Graphene
Grafen Chemical Industries Co. Ltd
Market dynamics
Drivers
The rise in sales of electric vehicles
Thriving portable electronics industry
Superior Performance & Functionalities
Restraints
High cost and Lack of awareness of graphene technology
Opportunities
Rise in government investments in R&D
Key Market Segments
By Industry Vertical
Consumer Electronics
Automotive
Healthcare
Industrial Robotics
Aerospace and Defense
By Product
Display
Memories
Batteries
Solar Cell
Integrated Circuits and Chips
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
For more information about this report visit https://www.researchandmarkets.com/r/kpwrib
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
