Press release
Major Market Shift in Organic Electronics Industry: Innovation In The Organic Electronics Market
Organic Electronics Market Size
The organic electronics market has grown rapidly in recent years. It will grow from $61.85 billion in 2024 to $74.81 billion in 2025, at a CAGR of 21.0%. This growth is attributed to the emphasis on energy efficiency, investments in research and development, low manufacturing costs, and the use of flexible and lightweight materials.
The organic electronics market is set for rapid growth, expected to reach $147.49 billion by 2029 at a compound annual growth rate (CAGR) of 18.5%. This growth can be attributed to developments in advanced materials, the rise of biocompatible electronics, the expansion of IoT applications, and the emergence of foldable displays. Key trends include AI and machine learning advancements, digital health innovations, smart packaging, and the growth of RFID and sensor technologies.
What Factors Are Propelling the Expansion of the Organic Electronics Market?
The rising demand for premium smartphones is anticipated to spur the growth of the organic electronics market. Smartphones are advanced mobile devices that integrate computing and telecommunication functions. Organic electronic components, known for their flexibility, lightweight nature, and energy efficiency, are widely used in next-generation devices such as foldable smartphones and wearables. For example, in February 2023, Uswitch Limited, a UK-based financial conduct authority, reported that mobile connections in the UK increased by 3.8% (approximately 2.6 million) from 2021, reaching 71.8 million in 2022. The UK population is projected to reach 68.3 million by 2025, with an estimated 95% (around 65 million people) owning smartphones. Therefore, the growing demand for high-end smartphones is driving the organic electronics market.
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Which Businesses Are at the Forefront of Organic Electronics Market Development?
Major companies operating 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.
What Are the Latest Innovations in the Organic Electronics Market?
Key companies in the organic electronics market are focusing on cutting-edge developments like flexible OLED technology to expand their market reach. Flexible OLEDs (organic light-emitting diodes) use a pliable substrate, typically made of polyimide, to enhance flexibility and durability. For instance, in May 2023, Merck KGaA, a Germany-based science and technology company, unveiled new barrier materials that improve the flexibility, reliability, and longevity of flexible OLED devices compared to existing options. These materials leverage low-temperature plasma-enhanced atomic layer deposition (PE-ALD) technology to enhance thin-film encapsulation, extending the lifespan of OLED devices and meeting stringent automotive standards. Additionally, the materials improve barrier performance, reduce costs, and offer advantages over current solutions, contributing to the growth of the organic electronics market.
How Is the Organic Electronics Market Segmented?
The organic electronics market covered in this report is segmented -
1) By Material: Semiconductor, Conductive, Dielectric, Substrate
2) By Application: Display, Lighting, Battery, Conductive Ink, Other Applications
3) By End User: Consumer Electronics, Healthcare, Automotive, Energy, Aerospace And Defense, Other End Users
Subsegments:
1) By Semiconductor: Organic Thin-Film Transistors (OTFTs), Organic Light-Emitting Diodes (OLEDs), Organic Photovoltaics (OPVs)
2) By Conductive: Conductive Polymers, Carbon Nanotubes, Graphene-Based Conductors
3) By Dielectric: Polymer Dielectrics, Organic Insulating Materials
4) By Substrate: Flexible Substrates, Rigid Substrates
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Where Is the Organic Electronics Market Growth Most Prominent?
Asia-Pacific was the largest region in the organic electronics market in 2024. The regions covered in organic electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Organic Electronics Global Market Report?
- Market Size Analysis: Analyze the Organic Electronics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Organic Electronics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Organic Electronics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Organic Electronics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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