Report ID:
SQMIG45O2046 |
Region:
Global |
Published Date: November, 2024
Pages:
194
|Tables:
0
|Figures:
0
Global Organic Electronics Market size was valued at USD 59.90 Billion in 2022 and is poised to grow from USD 71.22 Billion in 2023 to USD 239.27 Billion by 2031, growing at a CAGR of 18.9% in the forecast period (2024-2031).
It is expected that applications such as smartphone displays, colored light sources, portable solar cells, and curved HD TV will have a high impact on the global organic electronics market during the forecast period. Organic electronics are predicted to provide more functionality for the duration of the forecast period as it tries to resolve the power consumption concerns. This makes them very promising technology. Applications of organic electronics might be found in many areas such as IT, biological research, environmental health, or national security. They will probably appear as a low-cost variant for traditional inorganic electronic applications because their production techniques are simple, and the material consumption is limited. Over the projection period, the development of complex systems on the basis of organic semiconductors may demonstrate those devices' exceptional technological maturity and competitiveness. Organic materials have a greater capability to interface with biological systems compared to inorganic material. The enhanced biocompatibility of organic material has also led to biomedical applications, such as neuron interfacing. Transparent organic transistors can simultaneously observe and replicate electrical activity from grown human neurons; maybe new possibilities for neurophysiology remain unparalleled. There are several factors that must stimulate the organic electronics market in the coming years, including a rapidly expanding consumer electronics market, significantly increasing application areas, favorable government initiatives, and better performance.
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
CAGR
To get more reports on the above market click here to Buy The Report
The Global Organic Electronics Market is segmented into material, application, end user, and region. By material, the market is classified into Semiconductor, Conductive, Dielectric, and Substrate. Depending on the application, it is categorized into Display, Lighting, Solar Cells, System Components, and Others. According to end user, the market is divided into Consumer Electronics, Healthcare, Automotive, Energy, Aerospace & Defense, and Others. Regionally, it is studied across North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Analysis by Material
The semiconductor segment is dominating the market with a 21.4% CAGR. Organic semiconductors are identified as non-metallic compounds having semiconducting properties. Due to numerous advantages in comparison with inorganic semiconductors, such as mechanical flexibility, lightweight design, and low cost, such semiconductors provide an opportunity to develop devices that will be manufactured using low-cost methods. Organic semiconductors are therefore preferred over their counterparts because of their biodegradability and increased consciousness of sustainable development. Organic semiconductors can easily be re-formulated structurally by adding or removing different functional groups or shapes that affect their structures to attain better photo-luminescent conductivity. This will lead to improved performance in new-generation electronic device designs. This means new possibilities for the electronics industry that are not attainable with inorganic materials.
However, the conductive materials segment is predicted to grow significantly because it has really been a huge demand for transparent and flexible applications. The growth of conductive polymers has also been enormous because it has become one of the must-have materials in wearable electronics, touchscreens, and display manufacturing. Its features, such as great mechanical flexibility and conductivity, make them perfect for next-generation electronics that require flexible and lightweight components. Most sectors are reporting increasing investment in innovation and sustainability. This will serve to boost the use of conductive materials in diverse applications, including organic photovoltaics and sensors. This may eventually place conductive materials as a key category in the organic electronics industry for years to come.
Analysis by Application
The market is dominated by the display segment at a growth rate of 21.6% CAGR. Displays mean digital screens, with outputs graphically translated to customers as images such as movies. One of the latest most advanced display technologies available commercially and used in the organic electronics industry is the organic-led display, otherwise known as OLEDs. OLED screens can be found in laptops and cell phones but are mainly used in televisions and other electronic equipment with display panels. Among the various pros offered to consumers of OLED displays include reduced power consumption as well as far faster refresh rates, and better image quality in comparison with contrasts, brightness, view angle, color spectrum, and refresh rates. The advantages also enabled the panels to be transparent, elastic and extremely thin and flexible. The present technology in OLED has immensely improved the performance of traditional OLED displays. There's a breakthrough technology called Active Matrix OLED.
The organic electronics market is one of the sectors that is growing at a tremendous pace in the lighting segment, with a CAGR of 21.5%. This increase has been contributed by the consumer lamination technologies that are now improving the lighting with less power usage. OLEDs have gained popularity and increased their usage; they are lightweight, flexible, and possess environmental advantages and make energy efficiency a concern at home and in business. Organic lighting solutions are made more attractive because, nowadays, smart technologies such as Internet of Things-enabled lighting systems have also started being used. Sustainability will continue to be emphasized in infrastructure development and lighting solution innovations shall only become sought-after.
To get detailed analysis on other segments, Request For Free Sample Report
Asia-Pacific is at the forefront of the organic electronics market with a high CAGR of 21.9%. Several sectors such as software, IT, semiconductors, electronics, and automobile are using organic electronics, there will be an upsurge in the market demand. The area has densely populated countries, including China and India, meaning there is more scope for organic electronics to grow. More and more people in the developed and emerging countries of the region are now earning a higher income, thereby enabling them to afford new products on the market. More awareness on sustainable development also creates more markets for using lower power devices and systems.
The market for organic electronics in North America has grown at a CAGR of 20.6%. In terms of the most developed region, North America is at its own leading position. Among the large-scale industries present in the region include consumer electronics, automobiles, and IT & software. The market demand for organic electronics increases because of the diverse requirements of the industries. This emerging market for organic electronics is spurred by developed countries, US and Canada, which have higher levels of adoption in sustainable development technologies, disposable money, and penetration rates for new display technology. Mexico is a growing country with robust industry and faster growth in economy. There is a lot of demand for high-end display systems using organic films due to advancements in OLED and AMOLED. That will increase the demand for this market.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Rapid Demand for Efficient Energy Solutions
Advancements in Manufacturing Technology
Restraints
Limited Stability and Ductility
Inorganic Competition in the Market
Request Free Customization of this report to help us to meet your business objectives.
The organic electronics market is competitive with big players, both large corporations and emerging start-ups, that rapidly cooperate and innovate. The major companies are making very significant investments in R&D for furthering improvements in the performance of products and cost of production. In parallel, joint ventures and collaborations increasingly replace non-organic growth as a mode of business to leverage complementary skills and technology. This challenging environment has been propelling organic electronic applications beyond the limits of any other industry, keeping the development curve ascending and the level of competition competitive and heightened.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the organic electronics market is to rise with the growth of demand for energy-efficient solutions and better manufacturing technology. Continued innovation and a trend toward smart, connected devices pose significant potential even when faced with persistent problems such as limited durability and fierce competition from inorganic alternatives. This is the point at which the growing environmental conscience sets great importance to sustainability and eco-friendliness, hence making the organic electronic device market increase its appeal. The future market in other industries such as lighting, displays, and sensors is expected to expand as manufacturers continue producing high-performance organic material and applications. That will establish organic electronics as one of the prominent players in the evolution of future technology.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 59.90 Billion |
Market size value in 2031 | USD 239.27 Billion |
Growth Rate | 18.9% |
Base year | 2023 |
Forecast period | (2024-2031) |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Organic Electronics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Organic Electronics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Organic Electronics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Organic Electronics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG45O2046
sales@skyquestt.com
USA +1 351-333-4748