Market insights
The global organic electronics market is growing rapidly. The market rise attributes to the increasing adoption of organic electronics in photovoltaic cells, OLED lighting, displays, solar batteries & memory devices, etc. Besides, rising usages of organic semiconductors in making various electronic components, such as light-emitting diodes, solar cells, and transistors, increase the size of the organic electronics industry.
Moreover, rising demand for organic semiconductors and nanomaterials, conductive (transparent) inks, force-and temperature-sensitive materials escalate the market growth. According to Market Research Future (MRFR), the organic electronics market size valuation is poised to garner exponential traction by 2027, registering an impressive CAGR during the assessment period (2016–2027).
Over the last couple of years, organic electronics technology has evolved dramatically. Also, there have been significant innovations such as printed sensors, including organic and flexible sensors opening new avenues in the automotive, healthcare, supply chain logistics, and other sectors. Increasing customer preference of rigid substrates such as glass, ITO-glass, silicon, and flexible substrates like PET, PEN, TPU, flexible glass, and others substantiate the growth of the market.
On the other hand, the lack of expertise and constrained R&D budgets are significant factors projected to restrict the market growth, hampering developments of existing systems.
Nevertheless, technological upgrades expected in recent years would support market growth throughout the assessment period, bringing the required expertise and reducing organic electronics' cost. Also, printing sensors using roll-to-roll printing methods are increasingly proving to be a greater choice in functional materials, substrates, and deposition methods, which would push the growth of the market.
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Global Organic Electronics Market – Segmentation
The report is segmented into four dynamics;
By Materials : Conductors, Dielectric, Luminescent, Electrochromic Materials, and others.
By Components : Active Components (transistors, diodes, sensors, others) and Passive Components (traces, antenna, resistors, capacitors, others), and others.
By Application : Photovoltaic Cells, OLED Lighting, Displays, Solar Batteries & Memory Devices, and others.
By Regions : Americas, Europe, APAC, and the Rest-of-the-World.
Global Organic Electronics Market – Regional Analysis
North America dominates the global organic electronics market. Americas is a hub for advanced semiconductor technologies and their early adoption in innovative applications. The largest market share attributes to the enormous demand for transistors, diodes, sensors, others, particularly from the automotive and consumer electronics sectors, substantiating the growth of the regional market. The presence of a well-established infrastructure pushes market progress, allowing implementations of futuristic technologies.
The US and Canada are key markets for organic electronics, providing substantial impetus to the growth of the regional market. Furthermore, the presence of notable electronics manufacturers, alongside the increasing demand for digital technologies and technological advances, drives the market. The North American organic electronics market is estimated to retain its dominance throughout the forecast period.
The Asia Pacific region accounts for the second-largest share in the global organic electronics market. The market is driven by rising technological advances and focuses on using renewable organic sources across the industry verticals. The availability of powerful technologies at affordable costs is a key driving force behind the regional market growth.
Additionally, the presence of many electronic devices manufacturing companies in the region fosters the growth of the market. China, Japan, and India are the key market for Organic electronics in the region, substantially driving the market growth. The APAC organic electronics market is to demonstrate a considerable revenue generation during the upcoming years.
The Europe organic electronics market is emerging as a lucrative market globally. The region perceives a massive uptake of organic electronics. The burgeoning electronics industry in the UK and Germany contribute to the market growth in the region majorly. The European Organic electronics market is anticipated to generate a substantial revenue pocket through 2016-2027.
Global Organic Electronics Market – Competitive Analysis
Highly competitive, the organic electronics market appears fragmented due to the presence of several well-established players. Mergers & acquisitions, innovation, and brand reinforcement remain prevailing key trends for the leading players as these strategies support their growth and expansion plans. They deliver reliable, leading-edge products and services. For which they invest substantially in R&D to develop adept technologies and products.
These companies focus on developing their product portfolios with the latest technologies and following organic and inorganic growth approaches, engaging in product development. The market competition is likely to intensify due to new product launches and the new entrants in the market.
Market Players
Players leading the organic electronics market include AU Optronics Corporation(Taiwan), Sigma-Aldrich Corporation (US), Bayer Material Science AG (Germany), Fujifilm Dimatix (US), Merck Kgaa (Germany), Samsung Display (South Korea), Asahi Kasei Corporation (Japan), Evonik Industries (Germany), Novaled (Germany), and BASF SE (Germany), among others.
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Industry/ Innovation/ Related News
August 21, 2020 --- InnovationLab (Germany), an expert in printed & organic electronics, announced its partnership with a German printing presses leader- Heidelberger Druckmaschinen AG (Heidelberg) drive the mass production of inexpensive printed and organic sensors.
In addition to the development and industrial production of printed & organic electronics, the partnership represents a milestone for Heidelberg and Germany as an industrial player, opening the growth potential in the two- to three-digit million euro range.
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COVID-19 Impact Analysis on Organic Electronics Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2019-2027.
The report encompasses data regarding market share and recent developments by key players.
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 Electronics include 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..
This section includes 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 Electronics Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/organic-electronics-market/download-sampleMarket SegmentationThe broad Organic Electronics has been sub-grouped into the Material, Application, and Region.
The report studies these subsets with respect to the geographical segmentation.
The total organic electronics market is expected to reach $75.82 Billion by 2020, at a CAGR of 29.0%.Organic electronics is an amalgamation of a new class of organic materials, large-area, high-volume deposition and patterning techniques.
Organic electronics which also includes printed and flexible electronics is new and at the early growth stage.
There are increasing numbers of applications available and some are in full production whereas many other applications are still in research and development stage.Browse 73 market data tables and 88 figures spread through 200 pages and in-depth TOC on “Organic Electronics Market”Download FREE PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144113962The report study published gives an eagle eye view on different applications, materials used and geographical analysis of organic electronics market.
The major applications that are considered in this report are OLED display, OLED lighting, organic photovoltaic, ORFID, sensor, battery, conductive ink and smart applications among the others.
Besides, the smartphone and tablet market growing at tremendous rate is also pushing up the demand for new and advance OLED displays in the market.
OLED lighting, a new class of application is still considered as a risky business by many lighting companies but it is expected that this application will account for highest growth rate in the coming years, owing to huge advantages over its substitute products.Coming to the geographical analysis of organic electronics market, Asia-Pacific region accounts for the highest share currently.
