According to a new report, published by KBV research, The Global Graphene Electronics Market size is expected to reach $1.6 billion by 2028, rising at a market growth of 32.7% CAGR during the forecast period.
The Batteries segment acquired maximum revenue share in the Global Graphene Electronics Market by Product in 2021 thereby, achieving a market value of $643.2 million by 2028. The enormous improvement in weight, energy density, charging time, recyclability, and shape of batteries as a result of the electrodes being coated with graphene is largely responsible for the segment's expansion. The use of graphene batteries will grow in the future due to the rise in demand for lighter and high-capacity batteries in the automotive and consumer electronics industries.
The Consumer Electronics segment is showcasing a CAGR of 32.4% during (2022 - 2028). The consumer experience is enhanced by using graphene as the coating on smartphones, computers, and wearable technology. The segment is expected to expand due to the rapidly rising population and increasing spending on IoT devices. For example, a bike helmet with embedded graphene was developed in 2014 by the Spanish business Catlike.
The Asia Pacific market dominated the Global Graphene Electronics Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $673.2 million by 2028. The Europe market is exhibiting a CAGR of 32.4% during (2022 - 2028). Additionally, The North America market would display a CAGR of 31.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/graphene-electronics-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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