Albany - New York, Nov. 5, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Graphene Electronics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2025", the graphene electronics market was valued at US$8.5 mn in 2014 and is expected to reach US$1.2 bn by 2025, growing at a CAGR of 60.7% from 2015 to 2025.
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The global graphene electronics market is primarily driven by the versatile application areas of graphene. Currently available graphene field effect transistors (GFETs) based biosensors and chemical sensors are capable of deriving result faster and more accurately than traditional sensors. The superconductivity feature of graphene has led to it being increasingly used as an important constituent of advanced batteries and ultracapacitors. Graphene based chips developed by researchers are much faster and dissipates heat better when compared to traditionally available chips. Research is being conducted for developing flexible screens with aid of graphene and may be commercially available in the coming years. With further advancements in research and better production methods of graphene, the global graphene electronics market can be expected to grow at a faster pace during the forecast period from 2015 to 2025.
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By material type, market is divided into five segments: graphene film, graphene oxide, graphene nano platelets (GNPs), graphene foam and others. In 2014, graphene film was the largest segment, accounting for a market share of more than 64%, and is expected to remain the leading segment throughout the forecast period. The growth can be attributed to the relatively higher price, compared to other graphene materials, and also to their increasing demand in various electronic devices globally.
By applications, market is divided into ten segments: batteries & ultracapacitors, display, sensors, electro mechanical systems (EMS), solar cells, chips, lighting, memory, electronic products body applications, and others. In 2014, batteries & ultracapacitors segment was the largest segment, accounting for a market share of more than 63%, and is expected to remain the leader throughout the forecast period. The growth can be attributed to the higher energy density showcased by graphene based ultracapacitors and also to the increasing demand for alternative energy globally. Additionally, increasing demand for better battery life of electronic devices is expected to positively impact the growth of this segment.
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The global graphene electronics market has been segmented into four regions: North America, Europe, Asia Pacific (APAC) and Rest of the world (RoW). North America held the largest market share in 2014, accounting for a market share of more than 40%. High levels of research pertaining to developing graphene electronics led to utilization of currently available graphene electronic devices which ultimately led to North America being the leader amongst all four regions.
Some of the major players in the market are Graphene Frontiers (U.S.), Graphene Laboratories, Inc. (U.S.), Graphene Square (South Korea), Grafoid, Inc. (Canada), Graphenea S.A. (Spain), Skeleton Technologies (Germany), Samsung Electronics Co. Ltd. (South Korea.), IBM Corporation (U.S.), SanDisk Corporation (U.S.) and Galaxy Microsystems, Ltd. (China) among others. The report provides estimates in terms of revenue (USD Million) from 2015 to 2025 by studying the global graphene electronics market. Competitive analysis of various market segments based on the material types, applications and in-depth scrutiny of the graphene electronics market across different geographic regions falls under the scope of the report.
The market has been segmented as follows:
Graphene Electronics Market, by Material Types:
- Graphene Film
- Graphene Oxide
- Graphene Nano Platelets (GNPs)
- Graphene Foam
Graphene Electronics Market, by Applications:-
- Batteries & ultracapacitors
- Electro Mechanical Systems (EMS)
- Solar cells
- Electronic products body applications
Graphene Electronics Market, by Geography:
- North America
- Asia Pacific
- Rest of the World
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