Organic Electronics Market Size, Leading Growth Drivers, Emerging Audience and Forecast 2020-2030

The Organic Electronics industry 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 is expected to grow at USD 159.11 Billion by 2027, at 21% of CAGR between 2020 and 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 Organic Electronics industry.

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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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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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.

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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.

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information