The Europe Graphene Electronics Market would witness market growth of 32.4% CAGR during the forecast period (2022-2028).
The graphene electronics market is expected to grow as a result of factors like rising purchasing power and rising demand for consumer devices like tablets and smartphones. In addition, transparent conductive sheets based on graphene oxide are also utilized as raw materials in automobiles to make them lighter and safer.
Furthermore, the market is expected to have a lot of development potential due to ongoing R&D operations conducted around the world and the large-scale synthesis of graphene from renewable sources, particularly when value-added compounds are used. The volume of data being sent to displays in commercial cars is expected to increase, given the widespread adoption of this technology.
In addition, according to reports, Amazon and Google are developing items for autonomous vehicles because it is expected that future passengers will want more alternatives for on-the-go visual material. In light of this, flexibility is a key characteristic of graphene, which can be utilized to create curved touchscreens. This feature opens up a plethora of brand-new opportunities for dashboard material consumption.
The European Commission's Graphene Flagship has taken graphene innovation from the lab and into practical applications. The Graphene Flagship enables collaboration between its partners, has approximately 170 academic & industrial partners from 22 countries, and brings varied capabilities together, hastening the use of graphene innovations in the industry. Graphene, as well as other 2D materials, are being used in many sectors, with uses ranging from transportation and energy to electronics and healthcare. The FET Flagships of the European Commission make it possible to research on a broad scale. The Human Brain Project, Quantum Flagship, and Graphene Flagship are technology accelerators with €1 billion ($1.18 billion) budgets that enable Europe to compete with other worldwide markets in innovation and research. The European Commission has also contributed an additional €20 million to the development of an experimental pilot program for graphene-based sensors, electronics, and optoelectronics.
The Germany market dominated the Europe Graphene Electronics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $90.6 million by 2028.The UK market is anticipated to grow at a CAGR of 31.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 33.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Graphene Electronics Market will Hit $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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