Market Overview
The global organic semiconductor market is growing rapidly. The market rise attributes to the increasing uses of organic semiconductors in organic photovoltaic (OPV), OLED lighting, printed batteries, organic RFID tags, and display applications. Besides, the rising production of electronic components, such as light-emitting diodes, solar cells, and transistors, increases the organic semiconductor market size.
With the rising demand for organic semiconductors and nanomaterials, the market is projected to witness significant traction in the future. In this regard Market Research Future (MRFR) states that the global organic semiconductor market is poised to garner exponential valuation by 2027, registering an impressive CAGR during the assessment period (2020–2027).
Miniaturized Organic Semiconductors are Trending
Over the last couple of years, organic semiconductor technology has evolved dramatically. There have been major innovations such as printed sensors, including organic & flexible sensors opening new avenues in the healthcare, automotive, supply chain logistics, and other sectors. Increasing customer preference for rigid substrates such as glass, ITO-glass, silicon, and flexible substrates substantiate the market's growth.
Lack of Expertise and Budgets are Major Headwinds
The lack of expertise and R&D budget constraints are significant factors projected to restrict the market growth, hampering the developments of existing systems. Nevertheless, technological advances expected in recent years would support market growth throughout the assessment period, bringing the required expertise and reducing the overall cost of organic semiconductors.
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Global Organic Semiconductor Market – Segmentation
The report is segmented into types, applications, and regions. The type segment is sub-segmented into polyethylene, polyaromatic ring, and copolymer. The application segment is sub-segmented into system components, organic photovoltaic (OPV), OLED lighting, printed batteries, organic RFID tags, and display applications. The region segment is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.
Global Organic Semiconductor Market – Regional Analysis
The Asia Pacific region dominates the global organic semiconductor market. The largest market share attributes to rising technological advances and focuses on using renewable energy sources across the industry verticals. The availability of technologies is a key driving force behind the market growth in the region.
Additionally, the presence of many electronics manufacturing companies in the region fosters the growth of the market. China, Japan, and India are key organic semiconductor markets, driving the regional market growth substantially.
Global Organic Semiconductor Market – Competitive Analysis
Highly competitive, the organic semiconductor market appears fragmented, with several well-established players forming a competitive landscape. These players incorporate strategies such as mergers & acquisitions, innovation, and expansion remain prevailing key trends for the leading industry players as these strategies support their growth and expansion plans.
They deliver reliable, leading-edge products and services. Market players also invest substantially to drive R&D activities and expansion plans. These companies focus on product development following organic and inorganic growth approaches. The market competition is expected to intensify further due to new product launches and new entrants.
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Market Players
Players leading the organic semiconductor market include Bayer AG (Germany), BASF SE (Germany), Koninklijke Philips N.V. (Netherlands), Novaled GmbH (Germany), Merck & Co. (US), Samsung (South Korea), LG (South Korea), Sony Corporation (Japan), Universal Display Corporation (US), Dupont (US), Sumitomo Corporation (Japan), AU Optronics (Taiwan), Toyota Riken (Japan), and Sigma-Aldrich (US), among others.
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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COVID-19 Impact Analysis on Organic Semiconductor Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the organic semiconductor market include Eastman Kodak Company, GE, Sony, Toyota, Samsung, LG, AU Optronics Corporation, BASF SE, Sigma-Aldrich, Bayer Material Science AG, Dupont.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Organic Semiconductor Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/organic-semiconductor-market/download-sampleMarket DynamicsThe global organic semiconductor market is anticipated to thrive due to its promising prospects for use in various other electrical and optoelectric devices.
Organic semiconductors are gaining increasing attention in recent years because they have many attractive properties, including lightweight, low-temperature processing, mechanical flexibility, and abundant availability, distinguishing them from their traditional inorganic counterparts.
Another significant property of OSCs is that they can be processed using simple techniques, making electronic devices much easier and cheaper.
We will provide COVID-19 impact analysis with the report.
The COVID-19 impact on the market has been carefully studied, following which the report outlines the key developments post the coronavirus disease outbreak.COVID-19 AnalysisThe novel coronavirus has boosted the growth of the organic semiconductor market to some extent.
Although the supply chains have been disrupted due to the lockdown and the curbed transportation leading to bigger gap within the demand-supply equilibrium, the market is picking up significant pace across the healthcare sector for cancer treatment applications and more.
With nations increasingly relaxing the lockdowns, manufacturing units have recovered despite the COVID-19 outbreak as production cycles have resumed.
Top Drivers and Main Challenges The significant advancement of the organic semiconductor industry has been the result of the emerging applications like flexible displays, light sources and cheaper priced printed integrated circuits.
The mounting demand for photoconductors that are based on organic semiconductors in light valves of liquid crystal displays/LCDs, and the rising use of organic materials while making various types of semiconducting electronic devices, such as transistors, light-emitting diodes, solar cells and lasers also benefit the worldwide market.The surging production to fulfill the rising demand for consumer electronics like laptops, TVs, smartphones and computers, has led to more deployment of organic light emitting diode technology in displays, which has resulted in incredible business growth across the globe.
Market HighlightsThe Global Organic Semiconductor Market is expected to grow from USD 53.3 billion in 2020 to USD 179.4 Billion by 2027, at a compound annual growth rate (CAGR) of 22.4% during the forecast period.Organic semiconductors are biodegradable materials which are lightweight, flexible, affordable, and posses easily adjustable electronic characteristics that can be set by chemical tuning.
Organic semiconductors are used in organic light emitting diodes (OLED) displays, organic radio frequency identification devices (RFID), solar cells, printed batteries, among others.OLED displays are used in TVs, laptops, and tablets.
Organic semiconductors are used in system components, organic photovoltaic (OPV) devices, OLED lighting, printed batteries, organic RFID tags, and display applications.
These are also used to manufacture biodegradable electronics.Key PlayersThe key players in the organic semiconductor market are BASF SE (Germany), Bayer AG (Germany), Koninklijke Philips N.V. (Netherlands), Merck & Co. (US), Novaled GmbH (Germany), Samsung (South Korea), Sony Corporation (Japan), LG (South Korea), Universal Display Corporation (US), Sumitomo Corporation (Japan).Other prominent players studied for the organic semiconductor market are Dupont (US), AU Optronics (Taiwan), Sigma-Aldrich (US), and Toyota Riken (Japan), among others.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/8069Regional AnalysisThe global market for organic semiconductor is estimated to grow at a significant rate during the forecast period from 2020 to 2027.
The geographical analysis of organic semiconductor market is done for North America, Europe, Asia-Pacific, Middle East and Africa, Central and South America.Asia-Pacific accounts for the largest market share in the organic semiconductor market as the countries such as Japan, Taiwan, China, and South Korea are investing a huge sum of money in the R activities for organic electronics.
Japan has set up several research centers to conduct research on organic semiconductors.
