Global Organic Semiconductor Market

Organic Semiconductor Market Size, Share, Growth Analysis, By Material(Polyethylene, Poly Aromatic Ring, and Copolymer), By Application(System Component, Organic Photovoltaic (OPV), OLED Lighting, Printed Batteries), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45O2040 | Region: Global | Published Date: March, 2024
Pages: 164 | Tables: 67 | Figures: 71

Organic Semiconductor Market Dynamics

Drivers

  • Advancements in Organic Semiconductor Technology

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.

  • Rise in Popularity of Flexible Electronics

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

  • Process Complexity

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.

  • Limited Performance

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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FAQs

Organic Semiconductor Market size was valued at USD 116.9 billion in 2022 and is poised to grow from USD 142.38 billion in 2023 to USD 689.67 billion by 2031, growing at a CAGR of 21.8% in the forecast period (2024-2031).

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 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. 'BASF SE', 'LG', 'Sumitomo Corporation', 'Koninklijke Philips N.V.', 'Eastman Kodak Company', 'Toyota', 'DuPont', 'Novaled GmbH', 'Samsung', 'Sigma-Aldrich', 'Sony Corporation', 'Universal Display Corporation', 'GE', 'AU Optronics Corporation', 'Merck & Co.', 'Bayer Material Science AG'

Advancements in Organic Semiconductor Technology

Growing Demand for Printed Electronics: Printed electronics utilize organic materials for the fabrication of new electronics. These devices are made using advanced additive manufacturing techniques and the growing emphasis on improving electronics manufacturing capabilities is slated to push the demand for printed electronics thereby creating new opportunities for organic semiconductor market players in the long run.

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 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 organic semiconductor marketplace.

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Global Organic Semiconductor Market

Report ID: SQMIG45O2040

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