The Latin America, Middle East and Africa Graphene Electronics Market would witness market growth of 35.9% CAGR during the forecast period (2022-2028).
Increased IoT application usage will result in sensors with integrated graphene electronics offering extremely high sensitivity and rapid reaction times, driving market dynamics for positive results. Additionally, it is used in the production of smart devices that enable IoT implementation.
The development of the graphene electronics market is expected to be aided by ongoing government measures to promote environmentally friendly energy production. Batteries made of graphene have a higher energy storage potential and require less time to recharge, which facilitates their use in energy conversion technologies.
Due to the presence of leading suppliers and others who are heavily investing in graphene-based devices like portable devices and electric vehicles in Latin America, the graphene electronics market in this region is increasing rapidly. In Sao Paulo, Brazil Graphene and Nanomaterials Research Center (known as MackGraphe) at Mackenzie Presbyterian University has jumped into the race to commercially produce graphene. Due to its highly attractive properties, such as the static strength and stiffness made possible by its two-dimensional honeycomb structure, graphene has attracted the attention of researchers and industries worldwide. Therefore, the demand for graphene will increase in the coming years, and this will benefit the market.
The Brazil market dominated the LAMEA Graphene Electronics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $24.7 million by 2028.The Argentina market is experiencing a CAGR of 36.7% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 35.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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