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Acute Coronary Syndrome Market Report 2024-2033: Research, Insights, Demand Forecast
Acute Coronary Syndrome Market
According to The Business Research Company's, The organic electronics market size has grown exponentially in recent years. It will grow from $51.09 billion in 2023 to $61.85 billion in 2024 at a compound annual growth rate (CAGR) of 21.1%. The growth in the historic period can be attributed to energy efficiency, investment in research and development, low manufacturing costs, flexible and lightweight materials.
The organic electronics market size is expected to see rapid growth in the next few years. It will grow to $124.01 billion in 2028 at a compound annual growth rate (CAGR) of 19.0%. The growth in the forecast period can be attributed to advanced materials development, biocompatible electronics growth, internet of things (IOT) applications, foldable displays. Major trends in the forecast period include artificial intelligence (AI) and machine learning (ML), digital health innovations, smart packaging, RFID and sensor technologies.
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Market Drivers and Trends:
The growing demand for high-end smartphones is expected to propel the growth of the organic electronics market going forward. Smartphones refer to advanced mobile devices that combine the features of a cell phone with those of a personal computer. Organic electronic devices are flexible and conformable, which makes them ideal for use in smart electronics such as foldable smartphones and wearable devices. These materials have a number of advantages over traditional inorganic electronics, including being flexible, lightweight, and energy efficient. For instance, in February 2023, according to Uswitch Limited, a UK-based financial conduct authority, beginning in 2022, there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6 million) increase over 2021. The UK population is expected to grow to 68.3 million by 2025, of which 95% (or around 65 million individuals) will own a smartphone. Therefore, the growing demand for high-end smartphones is driving the growth of the organic electronics market.
Major players in the organic electronics market are BASF SE, Sony Group Corporation, Sumitomo Corporation, Panasonic Corporation, Heraeus Holding GmbH, Samsung Display, Toshiba Corporation, BOE Technology Group Co. Ltd., Henkel AG and Co. KGaA, Merck KGaA, Fujifilm Corporation, Evonik Industries AG, LG Display Co. Ltd., Covestro AG, AGC Inc., Konica Minolta Inc., AUO Corporation, Osram GmbH, PolyIC GmbH and Co. KG, Sigma-Aldrich Corporation, Universal Display Corporation, Kateeva Inc., H.C. Starck High Performance Metal Solutions, Heliatek GmbH, Novaled GmbH, OLEDWorks LLC, ISORG, FlexEnable.
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Major Key Players of the Market:
BASF SE, Sony Group Corporation, Sumitomo Corporation, Panasonic Corporation, Heraeus Holding GmbH, Samsung Display, Toshiba Corporation, BOE Technology Group Co. Ltd., Henkel AG and Co. KGaA, Merck KGaA, Fujifilm Corporation, Evonik Industries AG, LG Display Co. Ltd., Covestro AG, AGC Inc., Konica Minolta Inc., AUO Corporation, Osram GmbH, PolyIC GmbH and Co. KG, Sigma-Aldrich Corporation, Universal Display Corporation, Kateeva Inc., H.C. Starck High Performance Metal Solutions, Heliatek GmbH, Novaled GmbH, OLEDWorks LLC, ISORG, FlexEnable.
Organic Electronics Market 2024 Key Insights:
• The organic electronics market is expected to grow to$124.01 billion in 2028 at a compound annual growth rate (CAGR) of 19.0%.
• Surging Demand For High-End Smartphones Boosts Growth In The Organic Electronics Market
• Innovation In The Organic Electronics Market
• Asia-Pacific was the largest region in the organic electronics market in 2023
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