Global Organic Electronics Market Overview
The key drivers impacting the organic electronics market are the rapidly growing electronics industry worldwide. For instance, as per the National Investment promotion and facilitation agency, report estimations global electronics market is expected as $2 tn in 2019. India’s divide in global electronics manufacturing has developed from 1.3% in 2012 to 3.6% in 2019. India is anticipated to have a digital economy of $1 tn by 2025. One of the chief electronics markets globally and is predictable to reach $400 bn by 2025. The electronics market is valued at $118 bn in 2019-20 and is likely to reach 400billion by 2025. Around 22% is accounted for the consumer electronics section. Moreover, the rise in demand due to the adoption of advanced technologies supporting sustainable development contributes to organic electronics market demand in the later years.
According to Value Market Research, the global organic electronics market size was valued at about USD 76 billion in 2020 and is estimated to grow at a CAGR of around 30% during the forecast period 2021 to 2027.
The rising demand for organic electronics to develop the latest technologies will likely augment the need for organic electronics in the forecast period. Also, growing awareness for sustainable development and as organic semiconductors is biodegradable. However, the competing technologies and low electrical conductivity hamper the market in the long run. In addition, the deprivation of competence of organic electronics after some time and technical in-appropriateness impedes the market growth. Nevertheless, the market trends, such as penetration into multiple applications such as military and digital signage, might provide considerable opportunities to the market's leading players.
The organic electronics market is widespread, with many local and international players. The market leaders follow diverse strategies to strengthen their market, such as amalgamation, extending product portfolio, acquisitions, contracts, product upgrades to raise their market share globally. The key players in the report are Integrated Novaled, Merck, Polyic, Heliatek, Bayer MaterialScience, H.C. Starck, Fujifilm Dimatix Inc., Sumitomo, AGC Seimi Chemical Co. Ltd., Polyic, BASF SE, Evonik, and AU Optronics Corporation.
In this research report, the organic electronics market is segmented by material, application, and region.
Analysis by Material:
By material, the report is segmented into semiconductor, conductive, and dielectric, and substrate. The semiconductor segment dominates with the highest market share in the forecast period. It is due to the rising demand for flexible electronics and advanced semiconductors. Moreover, the robust-backbone organic semiconductors are now utilized as active elements in optoelectronic devices such as organic solar cells, organic light-emitting diodes (OLED), electrochemical transistors, etc., and newly in biosensing applications, thereby contributes to the growth of the semiconductor segment in the forecast period.
Analysis by Application
By Application, the report is divided into the display, lighting, battery, conductive ink, others. The Lighting systems and Organic-LEDs (OLED)-based displays segment dominates the application segment with the highest market share in 2020. It is due to the growing demand for smartphones and Television. Moreover, growing display applications for the organic electronics OLED display offer enhanced image quality in better contrast, fuller viewing angle, higher brightness, more comprehensive color range, lower power consumption, and much faster refresh rates contributing to the increased market demand from the lightning and display segment.
Analysis by Region:
In the regional outlook of the global organic electronics market, the Asia Pacific region dominates with the largest market share in 2020. It is the region that accounted for approximately a quarter of the global microelectronics construction and manufacturing. Moreover, the rapidly expanding consumer electronics industry, rising disposable income, the presence of major suppliers, and the presence of major consumer electronics manufacturers in South Korea, China, Japan, and South Korea contribute to the tremendous market growth across the Asia Pacific.
Market Segmentation covered in the Report:
- Dielectric and Substrate
- Conductive ink
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.