Overview and Scope
Organic electronics is a branch of materials science that focuses on organic materials that have desirable electrical characteristics. Organic polymers or tiny molecules are used to build electronic components for a wide range of novel applications.
Sizing and Forecast
The organic electronics market size has grown exponentially in recent years. It will grow from $51.09 billion in 2023 to $61.85 billion in 2024 at a compound annual growth rate (CAGR) of 21.1%. The growth in the historic period can be attributed to energy efficiency, investment in research and development, low manufacturing costs, flexible and lightweight materials.
The organic electronics market size is expected to see rapid growth in the next few years. It will grow to $124.01 billion in 2028 at a compound annual growth rate (CAGR) of 19.0%. The growth in the forecast period can be attributed to advanced materials development, biocompatible electronics growth, internet of things (IOT) applications, foldable displays. Major trends in the forecast period include artificial intelligence (AI) and machine learning (ML), digital health innovations, smart packaging, RFID and sensor technologies.
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Segmentation & Regional Insights
The organic electronics market covered in this report is segmented –
1) By Material: Semiconductor; Conductive; Dielectric; Substrate
2) By Application: Display; Lighting; Battery; Conductive Ink; Other Applications
3) By End User: Consumer Electronics; Healthcare; Automotive; Energy; Aerospace And Defense; Other End Users
Asia-Pacific was the largest region in the organic electronics market in 2023. The regions covered in organic electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing demand for high-end smartphones is expected to propel the growth of the organic electronics market going forward. Smartphones refer to advanced mobile devices that combine the features of a cell phone with those of a personal computer. Organic electronic devices are flexible and conformable, which makes them ideal for use in smart electronics such as foldable smartphones and wearable devices. These materials have a number of advantages over traditional inorganic electronics, including being flexible, lightweight, and energy efficient. For instance, in February 2023, according to Uswitch Limited, a UK-based financial conduct authority, beginning in 2022, there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6 million) increase over 2021. The UK population is expected to grow to 68.3 million by 2025, of which 95% (or around 65 million individuals) will own a smartphone. Therefore, the growing demand for high-end smartphones is driving the growth of the organic electronics market.
Key Industry Players
Major players in the organic electronics market are BASF SE, Sony Group Corporation, Sumitomo Corporation, Panasonic Corporation, Heraeus Holding GmbH, Samsung Display, Toshiba Corporation, BOE Technology Group Co. Ltd., Henkel AG and Co. KGaA, Merck KGaA, Fujifilm Corporation, Evonik Industries AG, LG Display Co. Ltd., Covestro AG, AGC Inc., Konica Minolta Inc., AUO Corporation, Osram GmbH, PolyIC GmbH and Co. KG, Sigma-Aldrich Corporation, Universal Display Corporation, Kateeva Inc., H.C. Starck High Performance Metal Solutions, Heliatek GmbH, Novaled GmbH, OLEDWorks LLC, ISORG, FlexEnable.
The organic electronics market report table of contents includes:
1. Executive Summary
2. Organic Electronics Market Characteristics
3. Organic Electronics Market Trends And Strategies
4. Organic Electronics Market – Macro Economic Scenario
5. Global Organic Electronics Market Size and Growth
……
32. Global Organic Electronics Market Competitive Benchmarking
33. Global Organic Electronics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Organic Electronics Market
35. Organic Electronics Market Future Outlook and Potential Analysis
36. Appendix
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