Organic Electronics Market to Reach $159.1 Bn, Globally, by 2027 at 21.0% CAGR, Says Allied Market Research

Surge in demand because of adoption of technologies supporting sustainable development and need for organic electronics for development of the latest technologies have boosted the growth of the global organic electronics market.

Allied Market Research recently published a report, titled, "Organic Electronics Market by Material (Semiconductor, Conductive and Dielectric & substrate), and Application (Display, Lighting, Battery, Conductive Ink and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027". According to the report, the global organic electronics industry generated $46.1 billion in 2019, and is expected to reach $159.1 billion by 2027, growing at a CAGR of 21.0% from 2020 to 2027.

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Drivers, restraints, and opportunities

Surge in demand because of adoption of technologies supporting sustainable development and need for organic electronics for development of the latest technologies have boosted the growth of the global organic electronics market. However, degradation of efficiency of organic electronics after a while and technical in-compatibility hamper the market. On the contrary, rise in R&D activities for various applications is expected to create lucrative opportunities for the market players in the future.

Covid-19 scenario

• The Covid-19 pandemic has greatly affected the supply chain of electronic parts.
• As most of the electronic parts are manufactured in China, the lockdown has hampered the market players across the globe.

The semiconductor segment dominated the market

By material, the semiconductor segment held the largest share in 2019, accounting for nearly three-fourths of the global organic electronics market. Moreover, the segment is expected to register the highest CAGR of 21.4% during the forecast period, due to increase in adoption of organic technology for semiconductor material development.

The display segment to portray the highest CAGR through 2027

By application, the display segment is expected to manifest the highest CAGR of 21.6% during the study period. Moreover, the segment held the largest share in 2019, contributing to more than half of the global organic electronics market, due to rise in demand for latest technologies in the display market to improve quality output and consume less power.

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Asia-Pacific held the largest share

By region, the market across Asia-Pacific held the largest share in 2019, accounting for more than two-fifths of the market. Moreover, the region is expected to register the highest CAGR of 21.9% during the forecast period. The global organic electronics market across North America is expected to 20.6% during the forecast period.

Major market players

• AGC INC.
• COVESTRO AG
• BASF SE
• H.C. Starck Inc.
• Evoni k Industries AG
• Merck Group
• Heliatek GmbH
• POLYIC GMBH & CO. KG
• Novaled GmbH
• Sumitomo Corporation

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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