The Asia Pacific Graphene Electronics Market would witness market growth of 33.1% CAGR during the forecast period (2022-2028).
The graphene electronics market is expected to experience rapid growth. This growth will be driven initially by applications with a higher level of technological readiness, such as lithium-ion battery materials, graphene-based polymer composites, oilfield chemicals, and water filtration systems.
In the coming years, a more enormous wave of commercialized graphene devices is projected, particularly as graphene gains traction in industries including supercapacitors, sensors, high-frequency transistors, and biomedical technology.
Due to the spike in sales of electric vehicles, the graphene electronics market is anticipated to expand significantly over the course of the projected period. Additionally, the graphene electronics market prognosis is greatly influenced by the booming portable electronics sector. The development of the manufacturing industry is also expected to be shaped by standardized processes and better performance.
Due to the advanced energy storage and electronics sectors in China, Japan, and South Korea, the Asia Pacific region continues to be a prominent user of graphene. These nations continue to be at the center of graphene research and development, sponsoring nanotechnology initiatives to further investigate graphene's possibilities. Recently, the Indian startup "Log 9" announced plans to release electric vehicle batteries made of graphene. Although Log 9 has already carried out experimental projects in India, it is planning to expand into other regions, including South East Asia. This most recent advancement may be advantageous for market expansion. This supports the growth of the regional market.
The China market dominated the Asia Pacific Graphene Electronics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $183.8 million by 2028.The Japan market is estimated to grow a CAGR of 32.3% during (2022 - 2028). Additionally, The India market would experience a CAGR of 33.9% during (2022 - 2028).
Based on Product, the market is segmented into Batteries, Display, Solar Cell, Memories, Integrated Circuits & Chips and Others. Based on Industry, the market is segmented into Automotive, Consumer Electronics, Industrial Robotics, Healthcare, Aerospace & Defense and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Graphene Electronics Market is Projected to reach USD 1.6 Billion by 2028, at a CAGR of 32.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), Talga Group Ltd., NanoXplore, Inc., Versarien plc, AMG Advanced Metallurgical Group N.V., Haydale Graphene Industries PLC, First Graphene Ltd., Graphenea, Graphene Platform Corporation, and Graphene Square, Inc.
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