Graphene Electronics Global Market Report 2024

The graphene electronics market size has grown exponentially in recent years. It will grow from $1.02 billion in 2023 to $1.36 billion in 2024 at a compound annual growth rate (CAGR) of 32.7%. The expansion observed in the historical period can be credited to governmental backing for environmental preservation, the electrification of transportation, as well as graphene's prowess in thermal conductivity and its applications in nanotechnology.

The graphene electronics market size is expected to see exponential growth in the next few years. It will grow to $4.22 billion in 2028 at a compound annual growth rate (CAGR) of 32.8%. In the forecast period, the surge can be linked to escalating demands for energy-saving goods, the proliferation of IoT devices, heightened integration into consumer electronics, a rising appetite for electric vehicles, and the increasing necessity for cost-effective, composite alternatives to carbon fiber in various electronic devices. Prominent trends expected in this period comprise technological advancements, the surge in demand for high-capacity rechargeable batteries, the flourishing market for portable electronics, product diversification, and continued research and development endeavors.

The rising demand for electric vehicles (EVs) is anticipated to drive the growth of the graphene electronics market in the future. EVs, which rely on electric motors for propulsion, are gaining traction due to advancements in battery technology, the expansion of charging infrastructure, and increased model availability. Integrating graphene electronics into EVs has the potential to transform the industry, offering improved efficiency, performance, battery longevity, faster charging, and enhanced safety. Notably, in March 2022, sales of new light-duty plug-in EVs, encompassing both all-electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), nearly doubled from 308,000 in 2020 to 608,000 in 2021, as reported by the Department of Energy, a US-based government agency. Consequently, the growing demand for EVs is stimulating the expansion of the graphene electronics market.

Leading companies in the graphene electronics sector are focusing on the development of graphene field-effect transistor (GFET) devices to enhance performance, efficiency, and miniaturization in the next generation of electronic devices. GFETs represent cutting-edge technology in electronics, offering notable advantages in speed, flexibility, and thermal management. For example, in January 2022, Graphenea Inc., a Spain-based manufacturer of graphene-based chips and materials, introduced the GFET-S30 tailored for sensing applications. This chip utilizes Graphene's proprietary High-K Metal Gate (HKMG) process flow to incorporate 30 back-gated graphene devices arranged in a grid pattern on the chip.

In May 2023, Paragraf, a UK-based graphene electronics manufacturer, acquired Cardea Bio for an undisclosed sum. This strategic acquisition aimed to broaden Paragraf's portfolio by integrating Cardea Bio's expertise to accelerate the mass production of next-generation devices capable of real-time analysis for point-of-need testing in agritech, healthcare, and environmental monitoring sectors. Cardea Bio, based in the US, specializes in graphene-based sensors for the real-time detection of small molecules.

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.

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.

The countries covered in the graphene electronics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Graphene electronics utilize graphene, a single layer of carbon atoms arranged in a two-dimensional lattice, within electronic devices. The outstanding electrical conductivity, mechanical strength, and flexibility of graphene render it suitable for applications such as high-speed transistors, flexible displays, and advanced sensors. This technology holds promise for significant advancements in performance and efficiency in forthcoming electronic systems.

Graphene electronics encompass various product types, including displays, memories, batteries, solar cells, integrated circuits, and chips. Displays involve the presentation of text, images, or sound through electronic devices, originating either from the device itself or from an external source. These products utilize diverse materials such as graphene film, graphene nanoplatelets, graphene oxide, and graphene foam across various industry verticals such as consumer electronics, automotive, healthcare, industrial robotics, aerospace and defense, among others.

The graphene electronics market research report is one of a series of new reports that provides graphene electronics market statistics, including graphene electronics industry global market size, regional shares, competitors with a graphene electronics market share, detailed graphene electronics market segments, market trends and opportunities, and any further data you may need to thrive in the graphene electronics industry. This graphene electronics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The graphene electronics market consists of sales of graphene transistors, graphene batteries, graphene touchscreens, graphene displays, graphene integrated circuits and chips, and graphene sensors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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