GRAPHENE ELECTRONICS MARKET

GRAPHENE ELECTRONICS MARKET Materials (PV, Electronics); Devices (Supercapacitors, Transistors, Spintronics, Sensors, ICs & Chips, Lenses); Products (Computing, Consumer, Memory, Display); Developments (Nanotubes & Ribbons, Fullerenes) (213-223) MarketsandMarkets sales@marketsandmarkets.com www.marketsandmarkets.com

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 5 companies across the world. MarketsandMarkets also provides multiclient reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. Copyright 213 MarketsandMarkets All Rights Reserved. This document contains highly confidential information and is the sole property of MarketsandMarkets. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of MarketsandMarkets. MarketsandMarkets Sample Pages 2

1 EXECUTIVE SUMMARY With the ever-increasing evolution of carbon nanotubes in material landscape, there is a surge in the demand for graphene based products and devices to employ in number of commercialized applications. The graphene electronics market is currently in its initiation phase and is expected to transition to the growth phase scaling billions of revenue in the years to come. The graphene material market is expected to scale to $XX million in 223 at a CAGR of XX% from 213 to 223. The graphene products market is estimated to reach $XX million in 223 at a CAGR of XX% from 213 to 223 while the graphene devices market is estimated to reach $XX million in 223 at a CAGR of XX% from 215 to 223 (as the devices market has not yet been commercialized). Surge in demand for flexible, transparent, super performance offering reliable products from a number of application sectors such as consumer electronics, computing, wearable & flexible technology, nanotechnology, sensing, structural and thermal management applications, and so on are expected to result in the explosive growth of graphene electronics market from 215. The most viable markets for the graphene electronics market are holistically categorized as electronic products, devices and materials with traditional as well as new production methods of graphene. The major players of the graphene electronics ecosystem are Samsung Electronics (South Korea), Nokia Oyj (Finland), IBM (U.S.), SanDisk (U.S.), Texas instruments inc. (U.S.) and Xolve (U.S.). The major material players which contribute the most in the overall market are BASF SE (Germany), Quantum materials corporation (U.S.), Graphene Frontiers LLC (U.S.), Grafoid (Canada), CrayoNano, Inc. (Norway), and Lomiko metals (Canada), Graftech International Ltd. (U.S.) and so on. The table given below shows the estimated and forecast market value of the total graphene technology segmented by application sector, for the years 213 to 223. MarketsandMarkets Sample Pages 3

TABLE 1 GLOBAL GRAPHENE TECHNOLOGY MARKET VALUE, BY APPLICATION SECTOR ($MILLION), 213-223 Particular 213 215 217 219 221 223 CAGR% (215-223) Computing Application Sector XX XX XX XX XX XX XX Data Storage Application Sector XX XX XX XX XX XX XX Consumer Application Sector XX XX XX XX XX XX XX Communication Application Sector XX XX XX XX XX XX XX Thermal Management Application Sector Solar, PV & Green-Tech Application Sector XX XX XX XX XX XX XX XX XX XX XX XX XX XX Sensing Application Sector XX XX XX XX XX XX XX Display & Touch Application Sector XX XX XX XX XX XX XX Other Application Sectors XX XX XX XX XX XX XX Total XX XX XX XX XX XX XX The graphene technology market value is expected to grow from $XX million in 213 to $XX million in 223, at an estimated CAGR of XX% from 215 to 223. The Solar, PV & Green-Tech Application Sector market accounted for the largest share i.e. $XX million in 213 and is expected to reach $XX million in 223, at a CAGR of XX% from 215 to 218. In the current scenario (213), majority of the potential applications across several industry sectors are not yet commercialized and the complete graphene technology market is in its incubation phase currently, and is expected to slowly transition to the growth stage post 215. The market revenue is comparatively low for all the new application markets expected to start by 215; however all these applications offer huge revenue potential for graphene to rapidly penetrate in the full flux in the years to come after 215. MarketsandMarkets Sample Pages 4

2 MARKET OVERVIEW 2.1 INTRODUCTION 2.1.1 MARKET SEGMENTATION The graphene electronics market report can be divided into four major parts: Market by production methods; Market by materials, products and devices; Market by application and Market by geography. The production method segmentation of the global market comes foremost as it delves into the production methods for various types and forms of graphene materials that are currently commercialized. This first segmentation sub-divides the graphene market into three major types - chemical vapor deposition (CVD), exfoliation (LPE and TPE), and other methods (such as Synthesis on silicon carbide, Scotch tape method & so on). The CVD production method accounts for highest market share in the graphene material market, due to its optimal balance between cost and quality of the material also offering high production efficiency in the manufacturing process. The graphene material market s key segments focused on are structured materials, electronic (computing, memory, and storage materials), nanotechnology materials and photovoltaic materials. The graphene device market can segmented into transistors, capacitors, sensors, super-capacitors, electrode-based devices, and so on. The product market can be sub-divided into computing products, memory and storage products, display and touch products, wearable technology (including flexible electronics) products and so on. Several application segments offer huge opportunities for graphene market players in terms of new addressable markets to penetrate into and reap revenues in the years to come. The applications for graphene can be divided into computing applications, data storage applications, consumer applications, communication applications, thermal management applications, solar, photo-voltaic and green technology (including clean-technology) applications, sensing applications and others (desalination & waste-water, structural & composite applications and so on). MarketsandMarkets Sample Pages 5

FIGURE 1 MARKET SEGMENTATION OF GRAPHENE ELECTRONICS MARKET Graphene Electronics Market Segmentation By Production Method By Materials, Products & Devices By Application By Geography Chemical Vapor Deposition Graphite Ore Other Methods Materials: Structured Materials, Electronic Materials, Nanotechnology Materials, Electric & Conducting Materials, Photovoltaic Materials Devices: Transistors, Capacitors, Sensors, ICs & Chips, Electrodes, Veselago lenses, Spintronics and Psedospintronics Computing Applications Data Storage Applications Consumer Electronics Applications Communication Applications Thermal Management Applications North America Europe Asia-Pacific Rest of the World Products: Computing products, Memory & storage products, Display & touch products, Wearable technology products, and so on Solar, Green Technology & Photo-voltaic Applications Structural Material & Composite applications Sensing Applications Display & Touch Applications Other Applications MarketsandMarkets Sample Pages 6

2.2 VALUE & SUPPLY CHAIN ANALYSIS The value-chain analysis is a powerful tool of strategic planning for the entire supply chain and distribution network. Value-chain analysis of graphene electronics market shows the industry insight in a specific manner showcasing the interconnections between various industry segments also depicting the flow of value (money or goods/services) between segments, also giving an overview of the industry s key strengths and weak-links. FIGURE 2 VALUE CHAIN OF GRAPHENE ELECTRONICS MARKET Graphene Material Vendors Graphene Material Traders & Distributors Semiconductor Wafer Players Graphene Sheet Players Device Manufacturers Outsourced Manufacturing Vendors Device Traders & Distributors Venture Capitalists and Investors Manufacturing & Process Equipment Suppliers Product Manufacturers Research Organizations and Patent Holders Assembly, Testing & Packaging Players Technology Solution Providers OEMs Product Traders & Distributors Legislative Authorities Supporting Industry Segments Final System Distributors End Users (Consumers) MarketsandMarkets Sample Pages 7

3 INDUSTRY ANALYSIS 3.1 MARKET STATISTICS 3.1.1 GLOBAL GRAPHENE TECHNOLOGY MARKET TABLE 2 GLOBAL GRAPHENE TECHNOLOGY MARKET VALUE BY MARKET TYPE ($MILLION), 213-223 Particular 213 215 217 219 221 223 CAGR% (213-223) Graphene Material XX XX XX XX XX XX XX Graphene Devices XX XX XX XX XX XX XX Graphene Products XX XX XX XX XX XX XX Total Graphene Technology XX XX XX XX XX XX XX Note: * - CAGR for Graphene Devices is from 215 to 223 only As shown in the table above, as of 213, the graphene material market s revenue stood at $XX million globally, while that of products stood a little higher, at $XX million, mainly owing to the price-gap. However, due to the material segment strengthening day-by-day, with increasing number of suppliers to meet the growing demand, the revenue of graphene material is expected to be highest by 215 among material, devices and products. Similar scenario is expected to run till 217, however, with huge increase in volumes of graphene devices such as transistors, super-capacitors to be shipped between 217 and 219, the global devices market revenue is expected to be the highest by 219, standing at $XX million close to half of the total technology market which value around $XX million. MarketsandMarkets Sample Pages 8

From 219, all three markets are expected to grow with acceleration, due to high level of expected penetration rates in various new application markets across industry verticals. By 223, the global technology market value is expected to reach $XX million, of which materials contribute $XX million, devices contribute $XX million, followed by products contributing $XX million. In terms of CAGR, as the total technology value is expected to grow at a volatile rate of XX%, the material market is expected to have the fastest growth estimating the CAGR to be XX%, while products have moderately good growth at a CAGR of XX% for the ten-year period that is from 213 to 223. The devices market is expected to grow at a CAGR close to that of materials XX%, for an 8-years period 215 to 223. FIGURE 3 GLOBAL GRAPHENE TECHNOLOGY MARKET VALUE ($MILLION) AND Y-O-Y GROWTH (%), 213 223 The figure above illustrates a comparison of the year-on-year growth of the total graphene technology market with its market value across the time-line. It can be seen that the total market s Y-o-Y growth in 213 is estimated to be XX%, which is expected to sky-rocket to XX% by 215, owing to explosive growth in material revenues. The total market s Y-o-Y growth is expected to be XX% by 217. The higher Y-o-Y growth in 213 shows that the device and product markets are also expected to grow high with the material market. The Y-o-Y is expected to grow slightly from 217 to 219, reaching XX% by 219 and the overall market s value increasing roughly by three-times. From 219 to 221, the market MarketsandMarkets Sample Pages 9

value is expected to double, reaching $XX billion by end of 221. It can be seen that the Y-o-Y growth is expected to gradually decrease by 219, mainly owing to the expected rapid fall in prices of graphene devices, products and even material, at a relatively faster rate than the growth of respective shipments. 3.1.1.1.1 Graphene High- End Material Market Shipments to Cross X X Million Tons by 223 Comparing the CAGRs of high-end material and low-end material revenues and shipments, it can be seen that the difference in shipment and revenue CAGRs for high-end material is much higher than that of low-end material, indicating the expected price fall to be much higher for high-end material. Primary reason for very small revenues and shipments of graphene in low-end applications is that the fact that unlike other new semiconductor materials such as SiC or gallium/indium/aluminum compounds, graphene is a material that is specifically suitable for high-end applications and has very low scope in low-end fields. FIGURE 4 GLOBAL GRAPHENE MATERIAL (FOR HIGH-END APPLICATIONS) MARKET REVENUE ($MILLION) AND VOLUME (TONS), 213-223 The figure above shows the market statistics of global graphene high-end material market, which is considered as the graphene material market in all the market segmentation chapters that follows, according to the scope of this report. The global market s revenue stood at $XX million as of 213, which is expected to increase by 95 times the original value in ten years MarketsandMarkets Sample Pages 1

owing to the expectations of continuously increasing demand, to reach $XX million by end of 223. The shipments were estimated to be XX tons in 213, which are expected to increase astronomically, around XX kilotons by 223. 3.1.1.2 Global Graphene Devices Market Forecast Graphene devices account for all small form-factor graphene solutions used in diverse high-end application fields, such as graphene transistors, Supercapacitors, batteries and other electrode-based devices and so on. The market discussed in this section includes the market for all devices made from graphene, used in all high-end fields, some of which being semiconductors & electronics, clean-technology and green-technology, energy & power, nanotechnology, bio-technology, medical and healthcare, high-performance advanced computing and so on. FIGURE 5 GLOBAL GRAPHENE DEVICES MARKET REVENUE ($MILLION) AND VOLUME (MILLION UNITS), 213-223 As shown in the figure above, the global graphene devices market is expected to take commercial birth in the year 215, with the market revenues and shipments accounting to be zero as of 213 (research study assumptions). The global market s revenues are expected to be $XX million by 215, while the shipments are estimated to be XX million units. The total market s revenue is expected to grow at an explosive rate, reaching $XX million in 223, while MarketsandMarkets Sample Pages 11

the shipments are expected to grow to XX million units by 223. Primary reason for the market s growth to accelerate post 217 is that the new graphene devices that are expected to be commercialized by 215 would have market entry and will be stabilized by 217, post which are expected to rapidly grow in shipments due to continuously increasing demand from several new application sectors. 3.1.2 GRAPHENE MATERIAL PRICES The table below shows the weighted average selling prices estimated for various graphene materials by type structural materials, electronic materials, nanotechnology materials, electric & conducting materials, photovoltaic materials and other graphene materials, for various years from 213 to 223. The table also illustrates the price-fall rates for graphene material across various functional application segments, across the time-line. TABLE 3 GLOBAL GRAPHENE MATERIALS AVERAGE SELLING PRICES BY TYPE OF MATERIAL ($USD PER KILOGRAM), 213-223 Particular 213 215 217 219 221 223 % Change in ASP (213-218) % Change in ASP (218-223) Structural Materials XX XX XX XX XX XX XX XX Electronic Materials XX XX XX XX XX XX XX XX Nanotechnology Materials Electric & Conducting Materials XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX Photovoltaic Materials XX XX XX XX XX XX XX XX Other Materials XX XX XX XX XX XX XX XX Weighted Average XX XX XX XX XX XX XX XX MarketsandMarkets Sample Pages 12

As shown in the table above, the average selling price of graphene materials irrespective of the type of material ranges between $XX per kilogram as of 213. The global weighted average selling price of graphene stands at $XX per kilogram, and structural materials, electric & conducting application materials are expected to be priced lesser than the weighted average, while novel application oriented materials such as electronic materials, nanotechnology materials and photovoltaic materials are priced higher, as of 213. It can be seen that the same trend continues even till 223, with minor changes in the price differences. It can also be seen that the rate of price fall is roughly XX% for the global market from 213 to 218, and escalates to roughly XX% for the next five year period - 218 to 223. It can be seen that the segments which are higher priced than the weighted average, also have higher rate of price fall across the ten years. MarketsandMarkets Sample Pages 13

4 MATERIALS, DEVICES & PRODUCTS MARKET BY TYPE 4.1 GRAPHENE DEVICES MARKET FORECAST Since its discovery in 24, graphene has been the topic of widespread research both theoretically and experimentally. Graphene has outstanding electrical and mechanical properties which categorize it as a new material contender for a number of applications including, stronger/stiffer components, low cost display screens in mobile devices, storing hydrogen for fuel cells, biosensors, ultra capacitors, photonics and optoelectronics, plasmonics and high frequency electronics. FIGURE 6 GRAPHENE ELECTRONICS MARKET SEGMENTATION BY DEVICES Spintronics Pseudo Spintronics Transistors (FETs & others) Veselago Lenses Graphene Devices Market Capacitors Electrodes ICs & Chips Sensors (NEMS & so on) According to the graphene electronics ecosystem, the graphene device market can be divided into transistors, capacitors, sensors, ICs & chips, electrodes, veselago lenses, Spintronics and pseudo Spintronics. The capacitors and transistors market is expected to have the largest market share in the days to come. MarketsandMarkets Sample Pages 14

5 MARKET BY APPLICATION 5.1 INTRODUCTION After the invention of carbon nanotubes, it was assumed that they would craft a shift towards the nano electronics business. These expectations however did not come yet to execute because of various hurdles in terms of production inefficiency to commercialization. These incorporate producing nanotubes with well definite sizes, high resistance at the connection between nanotubes and the metal contacts that connect them to circuits and the complexity of integrating nanotubes into electronic devices on a mass production level. The properties of graphene, carbon sheets that are only one atom thick, have caused scientists, research institutes and companies to consider this material in several fields. FIGURE 7 GRAPHENE ELECTRONICS MARKET BY APPLICATIONS Computing Application Sector Data Storage Application Sector Consumer Application Sector Graphene Switch Graphene Nano-Ribbon Graphene Transistor Graphene Nano-Mesh Graphene Spin-Valve Memory Graphene Nano-Cable Memory Graphene Nano-Ribbon Memory Graphene Oxide Based Memory Graphene Consumer Electric Battery Graphene Wearable Technology & Smart Packaging Communications Application Sector Graphene Photo-Detection Graphene RF Graphene RADAR & Satellite Communication Thermal Management Application Sector Graphene Thermal Interface Graphene Heat Spreader & Heat Sink Solar, PV & Green-Tech Application Sector Graphene Flexible/Organic Photovoltaic Cell Graphene Polymer Photovoltaic Graphene Green-Technology Sensing Application Sector Graphene Chemical & Gas Sensing Graphene Electrochemical Sensing Graphene Mass Sensing Graphene Nano-Pore Sensing Graphene Radiation Sensing Graphene Biosensing Display & Touch Application Sector Roll-to-Roll Graphene Graphene Spray-Coating Graphene Transfer Printing Graphene Electro-Phoretic Graphene-Carbon Hybrid Nanotube Other Application Sectors Graphene Polymer Structural Graphene Desalination & Waste-Water Source: MarketsandMarkets analysis MarketsandMarkets Sample Pages 15

Graphene electronics market can be divided into different categories on the basis of their applications. The major segment of market by application consists of computing applications, data storage applications, consumer applications, communication applications, thermal management applications, solar, photovoltaic & green technology applications, sensing applications, display & touch applications, structural material & composite applications and so many other applications such as wearable electronics applications, smart packaging applications and so on. FIGURE 8 GLOBAL GRAPHENE TECHNOLOGY FOR COMPUTING APPLICATION SECTOR MARKET VALUE ($MILLION) AND Y-O-Y GROWTH (%), 213-223 Source: MarketsandMarkets analysis The computing application sector are going to reach its peak in 217 and the figure depicted above is clearly showing decreasing trend in year-on-year growth after 217. The computing application sector is expected to grow from $XX million in 215 to $XX million in 223. As it is clearly shown in the figure that the year-on-year growth is XX% from 215 to 217however it shows a declining pattern after 217 and will grow at a steady rate of XX% in 223. MarketsandMarkets Sample Pages 16

6 MARKET BY GEOGRAPHY 6.1 INTRODUCTION The graphene electronics market is segmented across four major geographies, viz; North America, Europe, APAC (Asia Pacific) and ROW (Rest of the World). The North America consists of the U.S., Canada and other major economies of this region. The Europe market consists of U.K., Germany and other major markets of this region. The APAC market consists of China, Japan, South Korea, Japan and other key economies of this region while the ROW segment consists of the Middle East, Latin America and other markets for graphene electronics ecosystem. TABLE 4 GLOBAL GRAPHENE TECHNOLOGY MARKET VALUE BY GEOGRAPHY ($MILLION), 213-223 Particular 213 215 217 219 221 223 CAGR% (213-223) North America XX XX XX XX XX XX XX Europe XX XX XX XX XX XX XX Asia Pacific XX XX XX XX XX XX XX ROW XX XX XX XX XX XX XX Total XX XX XX XX XX XX XX The graphene electronics market revenue by geography is expected to grow from $XX million in 213 to $XX million in 223, at an estimated CAGR of XX% from 213 to 223. The North America market accounted for the largest percentage share, i.e. XX% of the overall graphene electronics market in 213. The North America market is expected to grow from $XX million in 213 to $XX million by 223 at an estimated CAGR of XX% from 213 to 218. The market for MarketsandMarkets Sample Pages 17

APAC is expected to grow from $XX million in 213 to $XX million in 223 at an estimated CAGR of XX% from 213 to 223. North America has been the erstwhile major contributor to the overall graphene electronics market due to major research happenings and established material as well as electronic players. 6.2 NORTH AMERICA REVENUE CONTRIBUTION TO CROSS $XX BILLION BY 223 The North American market is very developed in terms of material activities however the established electronics and telecommunications players are very much involved in the research process of graphene ecosystem. The small players of the ecosystem are also actively participating in the material activities and building strong relationship with the pioneer universities and research institutes. The analysis contains the details of U.S., Canada and other economies of North American graphene electronics market. FIGURE 9 NORTH AMERICA: GRAPHENE TECHNOLOGY MARKET VALUE ($MILLION) AND Y-O-Y GROWTH (%), 213-223 5 5 5 The North America market is going to build up in 215 and the figure depicted above is clearly showing decreasing trend in year-on-year growth after 215. The North America market is expected to grow from $XX million in 213 to $XX million in 223. As it is clearly shown in the MarketsandMarkets Sample Pages 18

figure that the year-on-year growth is XX% from 213 to 215 however it shows a declining pattern after 215 and will grow at a steady rate of XX% in 223. 6.2.1 U.S. The U.S. is the principal economy in all over the globe where the most activities of graphene are happening in terms of new product developments, patents, intellectual property rights and researches. The major companies of this region are Vorbeck Materials, Inc. (U.S.), Xolve, Inc. (U.S.), Intelligent Business Machine Corporation (U.S.), Graphene Frontiers (U.S.), GrafTech, Inc. (U.S.), SanDisk, Inc. (U.S.) and so on. The U.S. contributes 67% of the overall graphene revenue in North American market. Brookhaven National Laboratory, Centre for Functional Nanomaterials (U.S.), Columbia University (U.S.), Cornell University, Department of Chemistry and Chemical Biology (U.S.), Georgia Institute of Technology (U.S.), Massachusetts Institute of Technology (MIT) (U.S.), Michigan State University (U.S.), Pennsylvania State University (U.S.), University of Texas, Austin (U.S.) and Rensselaer Polytechnic Institute (U.S.) are the major research institutes involved in graphene research process. FIGURE 1 U.S.: GRAPHENE TECHNOLOGY MARKET VALUE ($MILLION) AND Y-O-Y GROWTH (%), 213-223 MarketsandMarkets Sample Pages 19

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