Global Organic Electronics Market

Organic Electronics Market Size, Share, Growth Analysis, By Material (Semiconductor, Conductive), By Application (Display, Lighting), By End User (Consumer Electronics, Automotive Energy), By Region -Industry Forecast 2024-2031

Report ID: SQMIG45O2046 | Region: Global | Published Date: November, 2024
Pages: 194 | Tables: 96 | Figures: 66

Organic Electronics Market Competitive Landscape

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

  • AGC INC.
  • BASF SE
  • COVESTRO AG
  • Evonik Industries AG
  • H.C. Starck Inc.
  • Heliatek GmbH
  • Merck Group
  • Novaled GmbH
  • POLYIC GMBH & CO. KG
  • Sumitomo Corporation

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FAQs

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).

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. 'AGC INC.', 'BASF SE', 'COVESTRO AG', 'Evonik Industries AG', 'H.C. Starck Inc.', 'Heliatek GmbH', 'Merck Group', 'Novaled GmbH', 'POLYIC GMBH & CO. KG', 'Sumitomo Corporation'

As global energy consumption rises, efficient energy solutions are being supported effectively. Organic electronics, particularly OLEDs and OPVs, offer much better energy efficiency and significantly lower power consumption than their traditional counterparts. Hence, the increasing demand for efficient and sustainable energy solutions has driven innovation and development in the organic electronics market.

Move toward Connected and Smart Devices: Probably, the most common trend in organic electronics is that smart technology is slowly invading everyday objects. From wearables to IoT apps, to smart lighting systems, are some instances of how today, smart products get increasingly organic electronic-oriented as users demand smarter connected solutions. This trend enhances user experiences in various applications by making the responses more responsive and adaptable while increasing the demand for organic materials that allow such responsive and adaptable designs.

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.

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Global Organic Electronics Market

Report ID: SQMIG45O2046

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