Global Organic Electronics Market was valued US$ 71.2 Mn in 2019 and is expected to reach US$ 518.9 Mn by 2027, at CAGR of 28.18% during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Increasing disposable income of the consumers and their growing affordability, Customers who are financially strong are aggressively spending on electronic devices. these factor arestrengthening the Global Organic Electronics Market.Devices made with organic materials have better interfacing capabilities with biological systems as associated with inorganic materials. Enhanced biocompatibility of organic materials has also led to biomedical applications like neuron interfacing. Transparent organic transistors can concurrently sense as well as simulate electrical activities of cultured mammalian neurons which could open unparalleled possibilities for neurophysiology.
The significant restraints acting on the global organic electronics market are the high manufacturing costs of organic electronics and the steady drop in the costs of other display technologies. Despite the financial advantages handed to the organic electronics industry by the supportive regulatory frameworks in several countries, the manufacturing costs of organic electronics still remain high.
OLED displays are the fastest-growing segments in the organic electronics market globally. The popularity of OLED displays in the consumer electronics industry has grown progressively over the years. The growing demand for smartphones in the APAC is thus vital for the organic electronics industry. The slow but sure growth of the OLED TVs market in recent years has also boosted the organic electronics industry hugely.
The Asia Pacific organic electronics market is expected to dominate the global organic electronics market during the forecast period. Factors such as increasing disposable income and increasing demand for consumer electronic products are likely to be the major drivers of the APAC market over the forecast period. Moreover, China is predicted to contribute significantly to the growth of the APAC organic electronics market over the forecast period.
Industry development in organic electronics market: An R & D team with the backing of SmartLine has stated efficiency of 7.4% for a Roll-to-Roll (R2R) printed polymer-based single junction Organic Photovoltaic (OPV) cell. The new result supports efforts for OPV panels mass production of up to 1.000.000 m2 annually, targeting many pilot demonstration projects in 2021. 19 SEP 2018.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Organic Electronics Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Organic Electronics Market.
Scope of the Global Organic Electronics Market
Global Organic Electronics Market, By Material
- Semiconductor Materials
o Small Molecules
- Conductive Materials
- Dielectric Materials
- Substrate Materials
o Glass Substrates
o Plastic Substrates
o Metal Foil
Global Organic Electronics Market, By Application
- Display Application
o OLED Displays
- OLED Lighting Application
- Organic Photovoltaic Application
- System Components Application
o Logic & Memory Devices
o Organic Sensors
o Conductive Ink
o Organic Radio Frequency Identification (ORFID) TAGs
o Printed Batteries
- Other Organic Electronics Applications
o Smart Applications
o Disposable Electronics
o Paper Substrates
o Organic Transistors
Global Organic Electronics Market, By Region
- North America
- Asia Pacific
- Middle East and Africa
- South America
Key players operating in Global Organic Electronics Market
- Fujifilm Dimatix, Inc.
- Bayer Materialscience AG
- H.C. STARCK
- AGC Seimi Chemical Co., Ltd.
- Merck Kgaa
- BASF Materialscience AG
- Au Optronics Corporation
- Lg Display
- Merck Kgaa
- Samsung Display
- Universal Display Corporation (UDC)
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