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Organic Electronics Market segments 2020−2027
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The organic electronics market is growing rapidly. The market rise attributes to the increasing adoption of organic electronics in photovoltaic cells, OLED lighting, displays, solar batteries & memory devices, etc. Besides, rising usages of organic semiconductors in making various electronic components, such as light-emitting diodes, solar cells, and transistors, increase the size of the organic electronics industry.
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Moreover, rising demand for organic semiconductors and nanomaterials, conductive (transparent) inks, force-and temperature-sensitive materials escalate the market growth. According to Market Research Future (MRFR), the organic electronics market valuation is poised to garner exponential traction by 2027, registering an impressive CAGR during the assessment period (2016–2027).
Over the last couple of years, organic electronics technology has evolved dramatically. Also, there have been significant innovations such as printed sensors, including organic and flexible sensors opening new avenues in the automotive, healthcare, supply chain logistics, and other sectors. Increasing customer preference of rigid substrates such as glass, ITO-glass, silicon, and flexible substrates like PET, PEN, TPU, flexible glass, and others substantiate the growth of the market.
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On the other hand, the lack of expertise and constrained R&D budgets are significant factors projected to restrict the market growth, hampering developments of existing systems.
Nevertheless, technological upgrades expected in recent years would support market growth throughout the assessment period, bringing the required expertise and reducing organic electronics' cost. Also, printing sensors using roll-to-roll printing methods are increasingly proving to be a greater choice in functional materials, substrates, and deposition methods, which would push the growth of the market.
Global Organic Electronics Market – Segmentation
The report is segmented into four dynamics;
By Materials : Conductors, Dielectric, Luminescent, Electrochromic Materials, and others.
By Components : Active Components (transistors, diodes, sensors, others) and Passive Components (traces, antenna, resistors, capacitors, others), and others.
By Application : Photovoltaic Cells, OLED Lighting, Displays, Solar Batteries & Memory Devices, and others.
By Regions : Americas, Europe, APAC, and the Rest-of-the-World.
Global Organic Electronics Market – Regional Analysis
North America dominates the global organic electronics market. Americas is a hub for advanced semiconductor technologies and their early adoption in innovative applications. The largest market share attributes to the enormous demand for transistors, diodes, sensors, others, particularly from the automotive and consumer electronics sectors, substantiating the growth of the regional market. The presence of a well-established infrastructure pushes market progress, allowing implementations of futuristic technologies.
The US and Canada are key markets for organic electronics, providing substantial impetus to the growth of the regional market. Furthermore, the presence of notable electronics manufacturers, alongside the increasing demand for digital technologies and technological advances, drives the market. The North American organic electronics market is estimated to retain its dominance throughout the forecast period.
The Asia Pacific region accounts for the second-largest share in the global organic electronics market. The market is driven by rising technological advances and focuses on using renewable organic sources across the industry verticals. The availability of powerful technologies at affordable costs is a key driving force behind the regional market growth.
Additionally, the presence of many electronic devices manufacturing companies in the region fosters the growth of the market. China, Japan, and India are the key market for Organic electronics in the region, substantially driving the market growth. The APAC organic electronics market is to demonstrate a considerable revenue generation during the upcoming years.
The Europe organic electronics market is emerging as a lucrative market globally. The region perceives a massive uptake of organic electronics. The burgeoning electronics industry in the UK and Germany contribute to the market growth in the region majorly. The European Organic electronics market is anticipated to generate a substantial revenue pocket through 2016-2027.
Global Organic Electronics Market – Competitive Analysis
Highly competitive, the organic electronics market appears fragmented due to the presence of several well-established players. Mergers & acquisitions, innovation, and brand reinforcement remain prevailing key trends for the leading players as these strategies support their growth and expansion plans. They deliver reliable, leading-edge products and services. For which they invest substantially in R&D to develop adept technologies and products.
These companies focus on developing their product portfolios with the latest technologies and following organic and inorganic growth approaches, engaging in product development. The market competition is likely to intensify due to new product launches and the new entrants in the market.
Market Players
Players leading the organic electronics market include AU Optronics Corporation(Taiwan), Sigma-Aldrich Corporation (US), Bayer Material Science AG (Germany), Fujifilm Dimatix (US), Merck Kgaa (Germany), Samsung Display (South Korea), Asahi Kasei Corporation (Japan), Evonik Industries (Germany), Novaled (Germany), and BASF SE (Germany), among others.
Industry/ Innovation/ Related News
August 21, 2020 --- InnovationLab (Germany), an expert in printed & organic electronics, announced its partnership with a German printing presses leader- Heidelberger Druckmaschinen AG (Heidelberg) drive the mass production of inexpensive printed and organic sensors.
In addition to the development and industrial production of printed & organic electronics, the partnership represents a milestone for Heidelberg and Germany as an industrial player, opening the growth potential in the two- to three-digit million euro range.
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