Surging Demand For High-End Smartphones Boosts Growth In The Organic Electronics Market: Key Factor Driving The Growth In The Organic Electronics Market

The Organic Electronics Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Organic Electronics Market Size During the Forecast Period?
The size of the organic electronics market has seen a significant expansion in the past few years. The market is projected to expand from $61.85 billion in 2024 to $74.81 billion in 2025, with a compound annual growth rate (CAGR) of 21.0%. Factors contributing to this growth trend during the historic period include energy efficiency, research and development investment, reduced production costs, and the use of flexible and lightweight materials.

The market size for organic electronics is anticipated to experience significant expansion in the coming years, with a predicted rise to $147.49 billion by 2029, boasting an impressive compound annual growth rate (CAGR) of 18.5%. Several factors contribute to this projection for the forecast period, such as advancements in material development, the growth of biocompatible electronics, applications of the internet of things (IOT), and the advent of foldable displays. Noteworthy trends expected during the forecast period include enhancements in artificial intelligence (AI) and machine learning (ML), innovations in digital health, developments in smart packaging, and increased use of RFID and sensor technologies.

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What Are the High-Growth Segments in the Organic Electronics Market?
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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What Key Drivers Are Expected to Influence Future Organic Electronics Market Growth?
The escalating need for premium smartphones is predicted to boost the organic electronics market's expansion. Advanced mobile devices referred to as smartphones integrate the cell phone and personal computer functionalities. Organic electronic devices, owing to their flexibility and adaptability, are perfect for integration in smart electronics like foldable smartphones and wearable devices. They hold several advantages over conventional inorganic electronics such as being lightweight, energy-efficient and flexible. As per Uswitch Limited, a financial conduct authority based in the UK, the UK witnessed 71.8 million mobile connections as of February 2023, marking a 3.8% (approximately 2.6 million) growth since 2022. It is forecasted that by 2025, the UK population will increase to 68.3 million, with 95% (roughly 65 million people) possessing a smartphone. Consequently, the increasing demand for upscale smartphones propels the organic electronics market's growth. The burgeoning demand for wearable devices is set to stimulate the organic electronics market's growth. A wearable device denotes a compact electronic tool designed for body wear, often equipped with connectivity features and sensors for diverse functionalities. Organic electronics serve an integral part in wearable devices, permitting flexible and lightweight components, improving wearability and comfort without compromising on the electronic functionality. As reported by Patently Apple, a blog from Italy covering Apple's intellectual property (IP) and assorted tech industry news, there was an increase in Apple smartwatch shipments, from 38% in Q4-2021 to 43% in Q4-2022. Hence, the surging demand for wearable devices contributes to the expanding organic electronics market.

Which Companies Hold the Largest Share Across Different Organic Electronics Market Segments?
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 Trends Are Driving Growth in The Organic Electronics Market?
Leading businesses in the organic electronics market are aiming to broaden their market scope by innovating and introducing new technological products such as the flexible OLED. The flexible OLED, a variant of OLED, utilizes a flexible polyimide-based substrate. A clear illustration of this would be the introduction of new barrier materials by the German science and technology entity, Merck KGaA, in May 2023. These new materials offer flexible OLED devices with increased flexibility, reliability, and durability when compared to existing options. They are created using low-temperature plasma-enhanced atomic layer deposition (PE-ALD) technology, which significantly enhances thin film encapsulation thereby extending the OLED device's lifespan and meeting even higher standard of automotive qualifications. Not only does this boost barrier performance and reduce costs, but it also presents several advantages over traditional solutions, factors that will significantly contribute to the growth of the organic electronics market.

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What Are the Emerging Geographies for The Organic Electronics Market Growth?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Organic Electronics Market?
2. What is the CAGR expected in the Organic Electronics Market?
3. What Are the Key Innovations Transforming the Organic Electronics Industry?
4. Which Region Is Leading the Organic Electronics Market?

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