The new electronic material and device market is expected to grow with CAGR of 36.5% in period of 2016-2022. The global new electronic material and device market has generated the revenue of approx. $4.43 billion in 2015 and is anticipated to reach up to $39.17 billion by 2022. The major factors that drive the global new electronic material and device market are the increasing demand from non ultra high-end application, growing support from ecosystems of other materials, well-established industry relationships of commercial players and large focus on using graphene for emerging fields, helping the industry grow and flourish.
The display and touch application is estimated to become the major revenue source for the new electronic material and device market. It is estimated that more than 54% of consumer electronics segment market share is captured by the display market. Due to cost reduction, increasing panel sizes, assured ROI from interactive display products and increasing customer engagement with the interactive displays are the major factors which help to increase the market of display and touch application, and it has generated the revenue of $8491.25 million. Graphene is a strong substance for electrode material. It is a strong mater which is harder than diamond and three hundred times harder than steel. Due to unique optical properties, excellent electrical conductivity, remarkably high carrier mobility and carrier density, high thermal conductivity, room temperature Hall Effect, ambipolar field-effect characteristics, high signal-to-noise ratio and extremely high mechanical strength helps to increase the demand of graphene for emerging fields. Many public and private firms are making huge investment in graphene electronic market. In 2014, the European Union (EU) invested $1.57 billion in graphene research.
The lack of infrastructure and high cost of electronic material leads to expensive end products which are the major hindrance for the new electronic material and device market. One of the greatest challenges being faced today in commercializing new electronic material is to figure out the technique for producing high quality material, on a large scale at low cost, and in a reproducible manner. The use of graphene is the major driver which helps to increase the market of electronic material and devices. The major problem in manufacturing graphene on an industrial scale is the process complexity and the high cost associated to its production, which results in expensive end product. For example: the selling prices of 50x50 monolayer graphene thin films by Graphene Square are $263 and $819 on PET thin film and Cu foil respectively. Graphene Nano platelets (5-8 nm thick) produced by XG Sciences is sold at about $219 to $229 per kg. The high cost of graphene is a major challenge for its widespread adoption in commercial application, posing as a hindrance for the new electronic material and device market.
On the basis of geography, the global new electronic material and device market is segmented in to North America, Asia Pacific, Europe and Rest of the world. North America holds the largest market share followed by Asia Pacific. Due to increasing business and development in emerging countries, Asia Pacific becomes the fastest growing market.
The market of new electronic material and device is segmented on the basis of type and end-use industry. On the basis of type, the market of new electronic material and device is further segmented into graphene, quantum dots, photonic crystals, carbon nanotubes, superconducting materials, nanowires, conductive and semi conductive polymers, phase-change materials and molybdenite. On the basis of end-use industry, the market of new electronic material and device is further segmented into computing, data storage, displays, communications, energy, sensors and imaging equipment and others.
Some of the major market players are BASF Se, Cambrios Technologies Corp., CryoelectraGmbh, E.I. Du Pont De Nemours And Company, Global Foundries, Inc., Hypres Inc., Integrated Device Technology, Merck Oled Materials Gmbh, Nanoco Technologies Ltd., PolyicGmbh& Co., Qd Vision Inc., Quantum Design Inc., Samsung Electronics Co. Ltd., Sandisk Corp., Texas Instruments Inc. Acquisitions, innovation and mergers are the key strategies adopted by the market players to sustain in the market. For examples, BASF has entered into a definitive agreement to acquire the business and assets in Taiwan and Mainland China of Taiwan Sheen Soon (TWSS), thus strengthening BASF’s competences in this important growth field. Similarly, in 2015, the Samsung has announced the completion of acquisition of LoopPay. The LoopPay is an m-commerce platform provider that enables retail consumers to pay with the help of their mobile phones.
