According to a new technical market research report, New Electronic Materials And Device Technologies: Global Markets (AVM078A) from BCC Research, the total market for new electronic materials is projected to increase from $27.6 million in 2010 and $30.7 million in 2011 to more than $5.5 billion in 2016 and almost $26 billion in 2021, with compound annual growth rates (CAGR) of 182.5% and 36.3% from 2011 to 2016 and 2016 to 2021, respectively.
The global market for advanced electronic materials can be broken down into eight segments: sensors and imaging equipment, communications, energy, data storage and memory, displays, computing, lighting and illumination, and other.
Displays, projected to make up the largest segment, accounted for $1 million in 2011 and is expected to reach $3.9 billion in 2016 and nearly $12.8 billion in 2021, with CAGRs of 422.8% and 26.7%, respectively, over those five-year periods.
Data storage and memory is projected to make up the next-largest segment. Worth less than $1 million in 2011, the segment is expected to reach values of $210 million in 2016 and nearly $5.5 billion in 2021, with CAGRs of 361.8% and 92%, respectively, over those five-year periods.
Currently the largest segment, sensors and imaging equipment was worth $24.8 million in 2011 and is expected to reach totals of $869.2 million in 2016 and more than $3 billion in 2021, with CAGRs of 103.7% and 28.2%, respectively, over those five-year periods.
This report examines the market for new types of electronic materials, including graphene, quantum dots, photonic crystals, nanotubes, superconductors, nanowires, conductive/semiconductive polymers, phase-change materials, and molybdenite.
Display applications present the largest potential market for these new materials, particularly polymers or polymer organic light-emitting diodes. Data storage and memory applications are the second-largest market, especially for phase-change materials. Sensors and imaging equipment make up the third-largest market, especially for quantum dots.
This report is intended for marketing executives, entrepreneurs, investors, venture capitalists, and other readers who want to know where the electronic materials field is headed over the next five to 10 years.