Organic Electronics Market Size & Growth Analysis to 2030

The global organic electronics market size is expected to experience a robust CAGR of over 21% during the forecast period from 2022 to 2028. The increasing penetration of OLED (Organic Light-Emitting Diodes) display in various electronic devices such as smartphones, televisions, laptops, etc, is a major factor driving the market growth. Furthermore, the simple processing method and the low material utilization in the manufacturing of organic electronics as compared to inorganic electronics are further expected to increase the demand for organic electronics over the forecast period. Moreover, the increasing adoption of digital advertising and the growing penetration of digital signage in various industries is expected to boost the market growth over the forecast period.

Market Drivers:

Advancements in organic materials and manufacturing techniques: Organic electronics rely on the use of organic materials, such as organic polymers and small molecules, which exhibit semiconducting properties. Continuous advancements in organic materials, including their synthesis, purification, and processing techniques, have improved their performance and reliability. These advancements have enabled the development of flexible, lightweight, and cost-effective electronic devices, fostering the growth of the organic electronics market.

Flexible and wearable electronics applications: Organic electronics offer unique advantages for flexible and wearable electronic devices. Organic materials can be deposited on flexible substrates, enabling the production of bendable and stretchable electronic components. This flexibility and conformability make organic electronics suitable for applications such as flexible displays, electronic textiles, smart packaging, and healthcare monitoring devices. The increasing demand for flexible and wearable electronics drives the adoption of organic electronic technologies.

Energy efficiency and sustainability: Organic electronic devices often exhibit energy-efficient characteristics, consuming less power compared to traditional electronic devices. This energy efficiency is attributed to the low operating voltages and low-power consumption of organic materials. Moreover, organic electronics can be manufactured using low-cost and environmentally friendly processes, reducing the carbon footprint and promoting sustainability. As energy efficiency and sustainability become key considerations across industries, organic electronics find increased applications in energy-efficient devices and green technologies.

Printed and flexible electronics manufacturing processes: Organic electronics can be manufactured using printing techniques, such as inkjet printing, screen printing, and roll-to-roll printing. These processes allow for large-scale production at relatively low costs and offer the potential for customizing electronic devices on demand. The ability to print electronic components on various substrates, including flexible and curved surfaces, enables the development of cost-effective and lightweight products. The scalability and adaptability of printed and flexible electronics drive the growth of the organic electronics market.

Emerging Internet of Things (IoT) applications: The Internet of Things (IoT) is experiencing significant growth, connecting various devices and enabling data exchange and communication between them. Organic electronics play a crucial role in the development of IoT devices due to their flexibility, low power consumption, and integration capabilities. Organic sensors, RFID tags, and wearable IoT devices benefit from the lightweight and flexible nature of organic electronics. The expanding IoT ecosystem and demand for connected devices contribute to the growth of the organic electronics market.

Medical and healthcare applications: Organic electronics find applications in the medical and healthcare sectors due to their biocompatibility, flexibility, and conformability. Organic electronic devices can be integrated into wearable sensors, smart patches, and implantable devices, enabling non-invasive monitoring, diagnostics, and drug delivery. The healthcare industry’s focus on remote patient monitoring, personalized medicine, and minimally invasive procedures drives the adoption of organic electronics in medical applications.

Collaboration and research partnerships: Collaboration between industry players, academic institutions, and research organizations is crucial for advancing organic electronics technology. Collaborative efforts drive research and development activities, enabling the exploration of new materials, device architectures, and manufacturing techniques. Partnerships also facilitate knowledge sharing, technology transfer, and the commercialization of organic electronic products, further fueling the growth of the market.

Consumer demand for innovative and aesthetically appealing products: Consumers are increasingly seeking innovative and aesthetically appealing electronic products. The flexibility and design freedom offered by organic electronics allow for the development of visually attractive and unique devices. Organic displays, lighting solutions, and smart surfaces enhance user experience and differentiate products in the market. The consumer demand for novel, eye-catching electronic products stimulates the adoption of organic electronics.

Market Snapshot:

Market Insights:

By material, the semiconductor material segment is expected to register the highest CAGR by 2028

The global organic electronics market is bifurcated into component type, material, application, and geography. On the basis of material, the market is further segmented into semiconductor, conductive, dielectric, and substrate materials. The semiconductor material segment dominated the global market in 2021 and is anticipated to register the fastest growth rate over the forecast period. The rising awareness regarding sustainable solutions and the growing adoption of biodegradable material in electronics are some major factors to drive the segment growth. Furthermore, the low costs, lightweight, and better mechanical flexibility are other features expected to fuel the segment growth over the forecast period.

By application, the display segment is expected to hold the largest market share by 2028

On the basis of application, the market is bifurcated into the display, OLED lighting, organic photovoltaic, system components, and others. The display segment dominated the global organic electronics market in 2021 and expected to hold a significant revenue share of over 1/4 market share by the end of the analysis period. The increasing penetration of advanced display technologies in various electronic devices such as smartphones, laptops, and televisions such as OLED displays is a major factor to drive the segment growth. Furthermore, the benefits associated with the OLED display such as higher brightness, better contrast, enhanced image quality, faster refresh rate, and lower power consumption is further anticipated to boost the segment growth over the forecast period.

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The organic electronics comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The organic electronics market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2019-20 – Historical Year
• 2021 – Base Year
• 2022-2028 – Forecast Period

Market Segmentation:

By Component Type:

• Active Components
• Passive Components

By Material:

• Semiconductor
• Conductive
• Dielectric
• Substrate

By Application:

• Display
• OLED Lighting
• Organic Photovoltaic
• System Components
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

Geographically, North America dominated the global organic electronics market in 2021 and is estimated to hold the largest revenue share of around 1/3 market share by the end of the analysis period. Technological development and the early adoption of the latest technologies are some major factors driving the market growth in the region. Furthermore, the increasing penetration of advanced display technologies in electronic devices is further expected to boost the market growth in North America. On the flip side, the Asia Pacific is anticipated to grow at the fastest growth rate over the forecast period due to the presence of a large consumer base of electric devices.

Competitive Assessment:

Some of the major market players operating in the global organic electronics market are FUJIFILM Holdings Corporation, Bayer AG, H.C. Starck GmbH, AGC SEIMI CHEMICAL CO., LTD., and BASF SE. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• FUJIFILM Holdings Corporation
• Bayer AG
• C. Starck GmbH
• AGC SEIMI CHEMICAL CO., LTD.
• BASF SE
• DuPont
• Merck & Co., Inc.
• Evonik Industries AG
• Sumitomo Chemical Co., Ltd.
• Novaled GmbH.
• AU Optronics Corp.

Key Questions Answered by Organic Electronics Market Report

• Global organic electronics market forecasts from 2022-2028
• Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
• Organic electronics submarket forecasts from 2022-2028 covering the market by component type, by material, by application, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level organic electronics markets from 2022-2028
• Competitive Landscape and market positioning of top 10 players operating in the market