Organic Electronics Market

Global Organic Electronics Market Size (2024-2029):

The Global Organic Electronics Market was worth USD 98.82 billion in 2023 and is anticipated to reach a valuation of USD 325.84 billion by 2029 from USD 120.56 billion in 2024. It is predicted to register a CAGR of 22% during the forecast period 2024-2029.

Organic electronics is a branch concerned with the design, synthesis, and use of organic materials with electrical properties. Organic materials are essentially organic compounds with significant electrical characteristics such as conductivity. These materials are made up of small molecules or carbon-based polymers, which is why they are also known as polymer electronics or plastic electronics. In comparison to typical inorganic electronics, organic electronics have a lower manufacturing cost. Organic electronics are more eco-friendly and make better use of resources.

MARKET DRIVERS

In comparison to inorganic materials, devices composed of organic materials have higher interface capabilities with biological systems.

Biomedical applications such as neuron interfaces have benefited from improved biocompatibility of organic materials. Transparent organic transistors can both sense and replicate the electrical activities of grown mammalian neurons, potentially opening up new avenues in neurophysiology. The organic electronics market is predicted to be driven by a rapidly developing consumer electronic goods industry, expanding application areas, favorable government efforts, and enhanced performance.

MARKET RESTRAINTS

Organic photovoltaics' incompatibility with conventional electronics, limited life term, and low efficiency are projected to restrain industry expansion.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Organic Electronics Market Analysis By Material

• Semiconductor
• Dielectric
• Conductor
• Substrate

Organic semiconductors are in high demand for electronics and semiconductor applications because of their advantages, including lightweight, low-temperature manufacturing, cost-efficiency, mechanical flexibility, and abundant supply. Organic semiconductor demand is also boosted by consumer demand for active-matrix Organic Light-Emitting Diodes (OLEDs) and increased demand for premium smartphone displays. Organic semiconductors are used in organic light-emitting diodes lighting and displays, thin-film batteries, electronic paper, organic photovoltaics, supercapacitors, and sensors, among other things.

Global Organic Electronics Market Analysis By Application

• Display
• Battery
• Lighting
• Conductive Ink
• Memory
• Organic Photovoltaics
• Sensor
• Organic RFID
• Others

Instead of backlight, organic electronic displays use an organic layer to generate light energy via phosphorescence. Organic electronic display technology, such as OLEDs, provide several advantages over LCDs, including a much thinner screen, superior image quality with improved contrast, viewing angle, wider colour gamut, increased brightness, and faster refresh rates. Furthermore, OLEDs' simplified architecture enables the creation of foldable, flexible, and transparent displays.

Organic electrical sensors are used to detect biological and chemical compounds. Organic materials have enormous potential in the creation of biosensors that can monitor glucose levels in diabetic patients and deliver the correct dose of insulin on time. Organic electronic materials have better stretchability and flexibility and are chemically compatible with biological systems.

REGIONAL ANALYSIS

The organic electronics market in the Asia Pacific had the highest revenue share CAGR in 2023, and this trend is likely to continue over the forecast period, thanks to global consumer electronics industry growth and increased disposable income. Furthermore, prominent organic electronics manufacturers in the region contribute to quick market expansion.

The organic electronics market in North America will account for the second-largest revenue share in 2023 because of the robust adoption of innovative technologies and rapid improvements in the healthcare industry. Furthermore, the presence of leading semiconductor companies in the region is expected to promote market growth.

KEY MARKET PLAYERS

1. AGC (Japan)
2. Sumimoto (Japan)
3. BASF (Germany)
4. Bayer Material Science (Germany)
5. Heliatek (Germany)
6. Covestro (Germany)
7. DuPont (US)
8. LG Display (South Korea)
9. Samsung (South Korea)
10. Philips (Netherlands)

RECENT HAPPENINGS IN THE MARKET

• SunBello Aesthetic Building Integrated PV Solutions, which integrate energy-generating performance, aesthetic design, smart microgrid, and energy storage management, will be unveiled by AUO in December 2021, resulting in aesthetic and sustainable buildings with zero energy consumption.
• BASF and KaMin LLC./CADAM S.A. (KaMin) has agreed to sell BASF's kaolin minerals business to KaMin, a worldwide performance materials firm based in Macon, GA. The kaolin minerals business is currently managed by BASF's Performance Chemicals division.