USD 116.9 billion
Report ID:
SQMIG45O2040 |
Region:
Global |
Published Date: March, 2024
Pages:
164
|Tables:
67
|Figures:
71
Organic Semiconductor Market size was valued at USD 142.38 Billion in 2023 and is poised to grow from USD 173.42 Billion in 2024 to USD 840.02 Billion by 2032, growing at a CAGR of 21.8% during the forecast period (2025-2032).
Organic semiconductors are non-metallic and organic materials that exhibit the properties of semiconductors and can be used as the same. Growing demand for flexible electronics and bioelectronics around the world is projected to be a key driver for the organic semiconductor market growth across the forecast period and beyond. The Rapidly expanding semiconductor industry and surging sales of consumer electronics are also estimated to create new opportunities for organic semiconductor suppliers over the coming years. High emphasis on reducing the use of synthetic materials to promote sustainability is also a key trend that will bolster the demand for organic semiconductors in the future. However, limited performance capabilities and the use of complex processes to develop organic semiconductors are forecasted to be key constraints inhibiting market development going forward. High investments in research and development could be the key to overcoming the issues and maximize the growth scope of the marketplace.
Global Market Size
USD 116.9 billion
Largest Segment
Polyethylene
Fastest Growth
Poly Aromatic Ring
Growth Rate
21.8% CAGR
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The global organic semiconductor market is segmented based on material, application, and region. In terms of material, the market is segmented into polyethylene, poly aromatic ring, and copolymer. Based on application, the market is bifurcated into system component, organic photovoltaic (OPV), OLED lighting, printed batteries, organic RFID tags, display applications, and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Material
The polyethylene material segment is estimated to account for a substantial chunk of the global organic semiconductor market share. Growing adoption of high-density polyethylene sheets in the semiconductor space is what allows this segment to hold a dominant market share. Moreover, the high malleability and flexibility of polyethylene is also major properties that are anticipated to bolster its demand outlook in the global landscape over the coming years.
Meanwhile, poly aromatic ring material segment is projected to witness a rapid hike in demand in the organic semiconductor market and emerge as the fastest-growing segment over the coming years. Distinct electrical, mechanical, and optical properties of this material will allow it to bolster organic semiconductor market development in the future. Moreover, the growing potential application of semiconductors made from poly aromatic ring materials in organic electronics will also favor market growth via this segment.
Analysis by Application
System component application segment is projected to hold sway over the global organic semiconductor demand outlook in the future. Growing organic semiconductor manufacturing activity around the world is a key factor that is estimated to create new opportunities for market growth via this segment going forward.
On the other hand, the organic photovoltaic segment is slated to emerge as the fastest-growing application in this marketplace over the coming years. Increasing use of organic display panels and growing focus on sustainability are key factors driving up the demand for organic semiconductors in the organic photovoltaic segment in the future. Organic photovoltaics have proven their ability in reducing energy usage and thereby reducing emissions caused by energy generation.
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The Asia Pacific regional market for organic semiconductors is projected to account for a dominant market share over the coming years and maintain the same stance through 2031. The presence of massive semiconductor manufacturing facilities in countries such as China, Japan, South Korea, and Taiwan is the key factor allowing this region to hold sway over the global marketplace. Supportive government initiatives, abundance of cheap labor and raw materials, and increasing demand for flexible electronics are some key factors that allow Asia Pacific region to dominate the global organic semiconductor marketplace.
However, North America is estimated to emerge as the fastest-growing regional marketplace in the world for organic semiconductor manufacturers owing to efforts of countries such as the United States to reduce reliance on imports of chips and semiconductors from the Asia Pacific region. The trade war between the United States and China is projected to be a key catalyst for organic semiconductor market growth in the North American region. Growing demand for bioelectronics and high adoption of flexible electronics are other trends that could further bolster the sales of organic semiconductors in the Asia Pacific region going forward.
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Drivers
Organic semiconductor technology is developing at a rapid pace and this trend is projected to boost sales of organic semiconductors over the coming years. Growing investments in the R&D of novel organic technologies and rising adoption of bioelectronic products are also slated to bolster market growth going forward.
Use of organic semiconductors will be crucial in delivering the highly sought-after flexible electronics that are lightweight, low cost, and highly durable as well. Flexible displays are a perfect example of how the demand for flexible electronics is surging around the world.
Restraints
Developing and manufacturing organic semiconductors is a much more complex process as compared to its inorganic counterpart and this complexity is projected to hamper organic semiconductor market growth potential across the forecast period and beyond.
Inorganic or synthetic semiconductors are much better in performance as compared to organic semiconductors and this performance is still replicated by organic semiconductors as they are still in their nascent stages of development. Companies need to develop their products to improve their performance and unlock the full growth scope of the marketplace.
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Organic semiconductor manufacturers need to extensively and actively invest in the research and development of new products to stay competitive in the marketplace. Collaborations and partnerships are estimated to be highly vital in improving the global research and development efforts for organic semiconductors. Moreover, new companies can merge with established companies to scale their business in this highly capital-intensive marketplace. Organic semiconductor market players should focus on capitalizing on the bioelectronics and flexible electronics trends to create new opportunities for business growth in the future. Companies focus on raising new capital to fund their research and manufacturing expansion aspirations over the coming years.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, advancements in semiconductor technology and growing demand for flexible electronics are projected to bolster the sales of organic semiconductors over the coming years. Surging demand for consumer electronics, rising use of bioelectronics, and high investments in semiconductor R&D are other prospects that could bolster organic semiconductor market development in the future. However, limited performance capabilities of organic semiconductors are projected to be a key constraint for market growth in the long term. The Asia Pacific region is estimated to hold sway over the global organic semiconductor demand outlook owing to the presence of massive semiconductor manufacturing facilities in countries such as Taiwan and China. Increasing popularity of printed electronics is also a key trend that is slated to create new opportunities for organic semiconductor suppliers going forward.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 116.9 billion |
Market size value in 2031 | USD 689.67 billion |
Growth Rate | 21.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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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 Semiconductor 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 Semiconductor 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 Semiconductor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Organic Semiconductor 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.
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Report ID: SQMIG45O2040
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