Market Research Of Global Graphene Electronics Market By Knowledge Sourcing Intelligence
INTRODUCTION
Graphene the electronics market is projected to witness CAGR of 37.55% over the forecast
period to grow to US$2,060.347 million by 2023, increasing from US$304.179
million in 2017. Graphene is a single layer of carbon atoms packed in a
honeycomb structure whose electrical, optical, mechanical and thermal property
make it well-suited for wireless or Radio Frequency (RF) communications. Graphene, owing
to its ability to conduct electrons faster than silicon along with it's other
properties can be used in a wide range of products like flexible screens,
sensors, ultra-fast transistors, and many others. This material holds great
potential to transform this industry and increasing adoption of this material
in this industry over the projected period will continue to augment the growth
of the graphene electronics market.
North America
and Europe, being the early adopters of new technologies, hold a major share in
the global market. State-of-the-art research infrastructure in these regions is
supporting the market growth in these regions. The market in the Asia Pacific is
expected to show good growth over the period on account of the rapid growth of
industries and increasing investments by companies in this region. Market Research is done by
the knowledge sourcing industry due to the huge scope with the respective
industry.
Sample
view of global graphene electronics market share
THREAT OF NEW ENTRANTS
Achieving high
economies of scale are difficult for new entrants as they have to bear
significantly high fixed and variable costs to manufacture graphene
integrated components. New entrants need to pour huge amounts into
research and development and even higher amounts for setting up manufacturing
facilities which will make it difficult for them to obtain cost advantage over
the projected period, thus reducing the threat of their entry for the existing
market players. Companies operating in the market have enough skilled
workforce and a moderately loyal customer base which will further reduce
the threat of new entrants for them. However, increasing ease of doing business
and support from governments in many regions will continue to add to the lucrativeness of this market. For instance, the National Graphene Institute
(NGI) established at the University of Manchester is part of £90 million UK
government investment in graphene. The European Union is investing €50 million
every year into Graphene Flagship Project which is being partnered by the
University of Nottingham, Cambridge, Oxford, and Sheffield, University
College London, Queen Mary University London, and Imperial College London. As
governments continue to support the growth of this market, new players many
enter the market to leverage the support provided by the governments which can
be seen as a threat to existing players.
GLOBAL GRAPHENE ELECTRONICS
MARKET FORECAST BY GEOGRAPHY
Geographically, the global graphene electronics market is segmented as Americas, Europe Middle East
and Africa (EMEA), and Asia-Pacific (APAC). APAC will witness the fastest
regional market growth during the forecast period owing to the booming
electronics and electrical components industry in China and other APAC
countries along with the high investment in R&D by electronic and semiconductor
manufacturers. In February 2017, Watt Laboratory under Huawei’s Central
Research Institute develop an advanced graphene-based heat-resistant technology
for Lithium-Ion (Li-ion) batteries. Increasing demand for smartphones and other
consumer electronic devices are also attracting foreign market players to enter
this regional market by way of strategic partnerships and collaborations. In
December 2017, Canada-based graphite and graphene producer Elcora Advanced
Materials teamed up with Asian battery manufacturers to test the company’s
high-quality graphite anode powder so as to capture a significant market
share of Asia’s growing Li-ion batteries market which, in turn, will
propel the growth of the region’s graphene electronics market in the coming years.
Sample
view of global graphene electronics market share
Americas
Americas
Graphene Electronics market is projected to grow at a CAGR
of XX.XX%, to grow from US$ XX.XX million in 2017 to US$ XX.XX
million in 2023. The market is further segmented into North America and South
America Graphene markets. North America accounted for the larger market share
in 2017 owing to the rising investment in R&D to develop advanced
applications of grapheme across the electronics sector. In February 2015,
Ministry of Natural Resources and Sustainable Development Technology Canada
(SDTC) awarded $8.1 million to Canada’s leading graphene technologies and
application developer, Grafoid, Inc. for automating the company’s
production of low-cost, high-purity MesoGraf™ graphene. In January 2018,
Canada-based graphite explorer Zenyatta Ventures announced its plans to
produce and supply high-quality graphite or graphene from its Albany graphite
deposit. Growing production of electric cars and smart energy grids is driving
the demand for graphene in North American countries to make lithium-ion
batteries. Recently in January 2018, Ford announced the increase in its planned
investments in electric vehicles to $11 billion by 2022 from its previous
target of $4.5 billion. Furthermore, increasing the use of LED devices is also
fueling the use of graphene as the transparent conductive electrode to
fabricate those devices, thereby positively impacting the growth of the graphene
electronics market in the region.
South America
Graphene Electronics market will grow at a CAGR of XX% during the projected period
owing to a growing focus on the development of several applications of graphene
in countries such as Brazil. In 2016, the Graphene and Nanomaterials Research
Center, MackGraphe, was opened at Mackenzie Presbyterian University in São
Paulo to research and develop the properties and applications of graphene and
nanomaterials through applied engineering.
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