Dublin, Oct. 16, 2023 (GLOBE NEWSWIRE) -- The "Global Organic Electronics Market by Material (Semiconductor, Conductive, Dielectric, Substrate), Application (Display, Lighting, Solar Cells), End User (Consumer Electronics, Automotive, Healthcare) and Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The global organic electronics market is projected to grow from USD 59.9 billion in 2023 to USD 142.1 billion by 2028, registering a CAGR of 18.9%
The organic electronics market report categorizes and predicts its size in terms of value based on several factors, including region (North America, Europe, Asia Pacific, and Rest of the World), material (semiconductor, conductive, dielectric, substrate), application (display, lighting, solar cells, system components, other), and end user (consumer electronics, healthcare, automotive, energy, aerospace & defense, others).
The North American organic electronics market is expected to undergo substantial growth during the forecast period. This growth is driven by various key factors. North America, particularly the United States, places a strong emphasis on technological progress and innovation in the field of organic electronics.
The region is home to leading companies, research institutions, and academic organizations that actively contribute to the development of organic electronic technologies. These advancements stimulate market growth by introducing novel and improved products and solutions. Moreover, North America attracts substantial investments in the organic electronics sector, supported by government initiatives and private funding. These investments propel the development of new technologies and market expansion.
Furthermore, the region boasts a well-established consumer electronics market with a high demand for advanced and energy-efficient devices, further boosting the organic electronics sector. In sum, the favorable environment for research, investments, and market demand positions North America for significant growth in the organic electronics market in the foreseeable future.
The increasing demand for organic electronic devices such as OLED displays, solar cells, and transistors is a primary driver of market growth. These devices offer distinct advantages, including energy efficiency, flexibility, and lightweight design, contributing to their growing popularity. Additionally, the expanding adoption of organic electronics across various applications, including consumer electronics, automotive, and healthcare, fuels the overall growth of the market.
Within the consumer electronics sector, organic electronics find applications in smartphones, televisions, wearable devices, and smart gadgets. The automotive industry also utilizes organic electronics for interior lighting, displays, and energy-efficient systems.
Moreover, the healthcare industry benefits from organic electronics in medical devices, sensors, and implantable electronics. The versatility and advantages of organic electronic devices, combined with their adoption across diverse industries, drive the overall growth of the market.
Key players in the organic electronics market include Merck KGaA (Germany), BASF SE (Germany), Covestro (Germany), DuPont (US), AUO Corporation (Taiwan), Sony Corporation (Japan), Samsung Display (South Korea), LG Display Co., Ltd. (South Korea), Sumitomo Chemical Co., Ltd. (Japan), and Universal Display Corporation (US).
The conductive material is expected to hold a significant market share in the overall organic electronics market
During the forecast period, the conductive material segment of the organic electronics market is projected to hold a substantial market share. Conductive materials play a critical role in organic electronics, enabling the flow of electrical current within devices.
These materials are typically based on organic compounds, such as conducting polymers, and carbon-based materials, like graphene and carbon nanotubes. The significant market share of the conductive material segment can be attributed to several factors. Firstly, conductive materials advancements have improved conductivity, stability, and processability, making them suitable for various applications.
Secondly, the demand for flexible and wearable electronic devices, which often require conductive materials with excellent flexibility and stretchability, has contributed to the growth of this segment. Moreover, the increasing adoption of organic electronic devices in consumer electronics, automotive, and healthcare industries has driven the demand for conductive materials.
The lighting application is expected to grow at a significant growth rate during the forecast period
The lighting application is experiencing a notable growth rate within the organic electronics market. The increasing adoption of organic light-emitting diodes (OLEDs) for lighting purposes has contributed to this growth.
OLED lighting offers several advantages over traditional lighting technologies, such as high energy efficiency, flexibility, and the ability to create thin and lightweight designs. These features have garnered interest in various industries, including commercial, residential, and automotive, driving the demand for OLED lighting solutions.
Additionally, OLED lighting offers the potential for unique and customizable lighting designs, further fueling its growth in architectural and decorative lighting applications. As a result, the lighting application within the organic electronics market is experiencing significant growth and is expected to continue expanding in the coming years.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 268 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $59.9 Billion |
| Forecasted Market Value (USD) by 2028 | $142.1 Billion |
| Compound Annual Growth Rate | 18.9% |
| Regions Covered | Global |
Premium Insights
- Increasing Demand for Organic Electronics from Display Manufacturers
- Semiconductor Segment to Account for Largest Market Share in 2028
- Display Segment to Witness Highest Growth from 2023 to 2028
- Sensor Segment to Hold Largest Market Share in 2023
- Consumer Electronics Segment to Hold Largest Market Share in 2023
- Organic Electronics Market in Asia-Pacific to Witness High Growth from 2023 to 2028
Case Study Analysis
- Sycuan Casino Resort Deployed Samsung's Digital Displays to Increase Revenue by Promoting Timely and Relevant Messages
- Sony Helped Sciement Enhance Visualization of Congenital Heart Defects, Cerebral Aneurysms, and Complex Blood Vessels
- Panasonic Helped Amu Plaza Kumamoto Provide Timely Information to Customers
- Samsung Helped Burt Brothers Enhance Visual Experience of Customers
- Sharp Installed New Display Solution at Eurolacke's Office Space to Create Modern Look
Market Dynamics
Drivers
- Increasing Applications of Organic Light-Emitting Diode Displays
- Growing Demand for Flexible and Lightweight Electronic Devices
- Rising Demand for Displays in Automotive and Healthcare Industries
- Growing Demand for Interactive Displays in Various Applications
Restraints
- Lower Market Penetration Than Traditional Inorganic Electronics
- Deployment of Widescreen Alternatives Such as Projectors and Screenless Displays and Emergence of New Display Concepts
Opportunities
- Widening Application Scope in Consumer Electronics Industry
- Increasing Applications of Micro- and Mini-Led Technologies
- Combination of Organic Electronics with Innovative Technologies
Challenges
- Competition from Traditional Electronic Technologies
- High Cost Associated with New Display Technology-Based Products
Value Chain Analysis
- Ecosystem
- Pricing Analysis
- Average Selling Price (ASP) of Oled Display Panels
- Average Selling Price (ASP) of Oled Display-Based Products Offered by Three Key Players
- Trends/Disruptions Impacting Customers' Businesses
Technology Analysis
- Immersive Display
- Quantum Dot-Oled
- Flexible and Foldable Display
- Micro-Led
- E-Paper Technology
- Projection Technology
Company Profiles
Key Players
- Merck KGaA
- Basf Se
- Covestro Ag
- Dupont
- Lg Display Co., Ltd.
- Sumitomo Chemical Co., Ltd.
- Auo Corporation
- Sony Group Corporation
- Samsung Display
- Universal Display Corporation
Other Players
- Konica Minolta, Inc.
- Novaled GmbH
- Evonik Industries Ag
- Heliatek
- Polyic
- Agc Inc.
- Cynora GmbH
- Plastic Logic
- Visionox Company
- Tcl China Star Optoelectronics Technology Co., Ltd.
- Panasonic
- Boe Technology Group Co., Ltd. (Boe)
- Applied Materials, Inc.
- Japan Display Inc.
- Truly International Holdings Limited
For more information about this report visit https://www.researchandmarkets.com/r/k9c20u
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