Organic Electronics Market Projections - 2026: Global Opportunity Analysis and Industry Forecast

the global organic electronics market is expected to $79.6 million by 2020, registering a CAGR of 29.5% during the period 2014-2020. Organic displays are the largest revenue source for the organic electronics market, accounting to nearly 2/3rdof the market. OLED displays, which find application in laptops, tablets and TV sets, hold lions share in the global organic electronics displays market. Asia Pacific generates about 63.5% of the revenue for the global market due to the fact that Asia Pacifics home for almost 3/4thof the global electronics manufacturing industry, which is the primary application area for organic electronics.

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Growing appeal towards pollution-free and renewable energy sources has brought the evolution of photovoltaic technology, and the demand for the PV's is expected to witness marked growth during the forecast period. High initial investment is the only hurdle to the adoption of PV's in countries that are witnessing energy crisis. Technological advancements would eventually pave the way for a widespread acceptance of the technology. The positive momentum consequentially would spur the demand for organic components used in OPV, DSSC and CIGs. The cut-throat competition among the LCD display manufacturers for the last few years is the key reason for OLED displays to gain competitive advantage. Irrespective of its expensiveness, OLED displays have gained momentum and the advent of flexible OLED proved revolutionary for OLED manufacturers.

Organic RFID (ORFID) holds just about 2% of the global market due to its limited application in the prevailing market conditions. Contrary to the current market scenario, ORFID is anticipated to witness tremendous growth through 2020, and would outpace any other application area. Key factor for such remarkable growth is attributed to its ability to substitute silicon based RFID. ORFID would be a cost effective option for tags, as the materials and manufacturing costs would lower over the period of time.

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The market growth is strengthened due to government incentives and other favorable policies that promote innovations in organic electronics. As this industry is in its early growth stage, the companies are strategically focusing on new and innovative product development. This specific focus is to achieve product differentiation and thus gain competitive advantage over the competitors. Continuous technological encroachments, specifically in the sector of organic electronics, have led the market to a completely new horizon. A strong and strategic business relation with the OEM manufacturers and the pure technology solution providers is an inevitable requisite to sustain in the competitive market. Key companies profiled in the report include Fujifilm Dimatix, Inc., Bayer Materialscience AG,H.C. STARCK, AGC Seimi Chemical Co., Ltd., Sumitomo, Polyic, Heliatek, Novaled, Merck Kgaa, Evonik, BASF Materialscience AG.

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