The new report titled ‘Global Organic Electronics Market, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Organic Electronics market outlook over the forecast duration (2019-2028). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market.
The global organic electronics market size is expected to reach USD 178.25 Billion at a steady CAGR of 15.4% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising demand for consumer electronic products and increasing focus on integrating advanced functionalities at reduced cost. Organic electronics offer several more benefits as compared to electronic products based on inorganic materials such as silicon and gallium arsenide.
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For example, organic semiconductors along with being lightweight and cost-effective, provide mechanical flexibility and possibility of chemical modifications. In addition, organic electronic materials consume less power. Additionally, a significant property of organic materials-based devices is that these can be produced at room temperature, which allows for integration of large-area electronic functions cost-effectively on flexible substrates.
Organic electronics is garnering significant traction in the medical industry, particularly in the treatment of blindness by insertion of retinal chip in patient’s eye. Organic retinal chips convert light rays entering the eye into electrical signals and transfer it to brain via the receptor cells. This technology has enabled patients with blindness to distinguish light and dark, object contours, and occasionally even facial expressions and alphabets.
The report also discusses the key players involved in the market such as Covestro AG, Novaled GmbH, Koninklijke Philips NV, Sumitomo Corporation, BASF SE, Siemens AG, LG Display Co. Ltd., Universal Display Corporation, Samsung Display Co. Ltd., and Evonik Industries and others as well as new entrants in the market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
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Emergen Research has segmented the global organic electronics market on the basis of material type, application, and region:
Material Type Outlook (Revenue, USD Billion; 2018–2028)
Semiconductor
Dielectric
Conductor
Substrate
Application Outlook (Revenue, USD Billion; 2018–2028)
Display
Battery
Lighting
Conductive Ink
Memory
Organic Photovoltaics
Sensor
Organic RFID
Others
Key Findings from the Report:
In July 2019, Sumitomo Chemical and Isorg, which a leading supplier of organic photodetector devices and large-area image sensors, made an announcement about entering into a collaborative agreement for developing organic photodetector devices for use in organic CMOS image sensors and fingerprint sensors in smartphones.
Organic semiconductors find wide application in organic light-emitting diodes lighting and displays applications, thin film batteries, electronic paper, organic photovoltaics, supercapacitors, and sensors.
Organic electronic displays are made up of an organic film to generate light energy via phosphorescence instead of deploying backlight. Organic electronic displays devices such as OLEDs offer several benefits over LCDs such as highly reduced screen thickness, enhanced image quality with improved contrast, viewing angle, wider color gamut, increased brightness, and better refresh rates. Also, simpler design of OLEDs allows for foldable, flexible, and transparent displays.
Regional Outlook of Organic Electronics Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Organic Electronics market
Sales revenue by key players and new entrants
Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers.
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight to recent trends and opportunities
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