The market for organic electronics is expected to grow at a CAGR of around 21.4% during the forecast period 2020 to 2027. This research report evaluates the organic electronics market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global organic electronics market for the period from 2016 to 2027.
The report provides the overall revenue of the global organic electronics market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year. The study includes drivers and restraints of the global organic electronics market. The main goal of this research study is to offer a clear picture and a better understanding of the market to the manufacturers, traders, and suppliers operational in it. The readers can gain a deep insight into this market from this piece of information that can enable them to convey and develop critical approaches for the further growth of their businesses.
Market Was Valued In 2019: US$ 33.99 Billion
Market Is Projected To Grow By 2027: US$ 160.37 Billion
Compound Annual Growth Rate (CAGR): 21.4 percent
Organic semiconductors are non-metallic materials that offer semiconducting properties. These semiconductors have several advantages as compared to inorganic semiconductors such as mechanical flexibility, lightweight, and low cost; thereby offering opportunity to develop devices using low cost fabrication techniques. Rise in awareness for sustainable development and as organic semiconductors are biodegradable; thus, are increasingly preferred over their counterparts, thereby, increasing the organic electronic market demand. The dielectric material creates demand and opportunities for various applications in consumer electronics, automotive, digital signage, medical and security.
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- North America showed prominent growth in the global organic electronics market in 2019 because of being a prior adopter of advanced technologies such as AI, machine learning, and IoT
- the Asia Pacific being the largest market for consumer electronics exhibits rapid growth rate over the forthcoming years
- Semiconductor led the global market accounting for more than half of the total market value in 2019 and expected to grow at the fastest rate over the forthcoming years
- Dielectric materials have gained significant importance over the past few years owing to their increasing demand and opportunity in applications such as automotive, consumer electronics, and many more
- Display application captured significant market share in the global market in 2019 because of rising demand for advanced display technologies in various application
- Lighting is the other most important application of organic electronics because of increasing demand for more efficient and cost-effective lighting technology
With the introduction to portable solar cells, advanced smartphone displays, and colored light source have prominently surged the demand for organic electronics over the forthcoming years. Growth in adoption for renewable energy sources and generation technologies has spur the demand for advanced battery technology that uses organic electronics because of its advanced features, thereby impelling the growth of the industry. Organic electronics is a highly promising technology that estimated to offer better functionality with the purpose to overcome power consumption challenges during the forecast timeframe. Potential applications of organic electronics include environmental health, national security, Information Technology (IT), and biomedical research. Hence, the above mentioned factors influence the market growth positively over the coming years.
In addition to above factors, favorable government policies related to the adoption of low energy consumption devices and renewable generation is likely to impetus the market growth. However, lack of robustness and compatibility with the organic electronic products projected to hinder the growth of the product over the analysis timeframe.
North America is prominent revenue contributor to the global organic electronics industry because of significant demand for advanced display technologies in the region such as digital signage and many others. Apart from this, the region has encountered prominent growth in demand for advanced battery technology over the past few years because of the advent of battery-powered vehicles. Alarming growth in the pollution has forced the government in the region to impose stringent norms for the adoption of electric and battery-powered vehicles that in turn boost the demand for high-power batteries and thus the market growth for organic electronics.
On the contrary, the Asia Pacific exhibits lucrative growth over the forecast timeframe owing to significant surge in the demand for advanced consumer electronic products over the past few decades. Prime factors attributed to the significant growth in the consumer electronic products are rise in disposable income along with the increase in purchasing power of consumers. Among other Asian countries, China emerged as the front-runner in terms of technology adoption and large consumer base for electronics industry. Further, the availability of low cost of raw materials along with labor significantly decreases the overall manufacturing cost of the electronic products that accounts for the prime factor towards the growth of the country.
Key Players & Strategies
The organic electronics industry is highly opportunistic and competitive in nature because of significant advancements and developments in the product to cater the ever-changing consumer demand. Further, with the technological advancements the shape of the consumer electronic products is changing rapidly that again trigger the rate of competition among the market players. Presently, consumers are more inclined towards light weight and small sized products that have forced the manufacturers in the industry to innovate new and flexible technologies. In the wake of same, the industry players invest prominently in the market to develop new and advanced products.
Some of the prominent players in the organic electronics market include:
- BASF SE
- AGC INC.
- POLYIC GMBH & CO. KG
- Evonik Industries AG
- COVESTRO AG
- Heliatek GmbH
- C. Starck Inc.
- Novaled GmbH
- Merck KGaA
- Sumitomo Corporation
Segments Covered in the Report
This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on the basis of material, application, and region:
- Dielectric & Substrate
- Conductive Ink
- North America
- Asia Pacific
- South Korea
- Rest of the World
The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The organic electronics report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.
Why should you invest in this report?
If you are aiming to enter the global organic electronics market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for organic electronics are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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