Organic Electronics Market Research Report Information By Application (Organic Light-Emitting Diode Lighting, Solar Batteries, Displays, Memory Devices, Photovoltaic Cells), By Materials (Conductors, Dielectric, Luminescent Materials, Electrochromic Materials), By Components (Active Components, Passive Components) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Industry Forecast Till 2032

Global Organic Electronics Market Overview:

Organic Electronics Market Size was valued at USD 3.1 billion in 2022. The organic electronics market industry is projected to grow from USD 3.7 Billion in 2023 to USD 18.24 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 19.4% during the forecast period (2023 - 2032). Growing demand for advanced and high-performance semiconductors, high-quality flexible electronics, and other products, as well as the introduction of supportive government initiatives are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Organic Electronics Market Trends

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  Increased application areas and improved performance drive market growth

  
  

Devices constructed of organic materials are thought to have greater interface ability with biological systems than inorganic materials. Organic materials' improved biocompatibility has also resulted in biomedical applications such as neuron interface. Transparent organic transistors can sense and imitate the electrical processes of lab-cultured human neurons in real time, opening up unprecedented possibilities for neurophysiology. The rapidly expanding consumer electronic goods industry, favorable government efforts, expanding application areas, and improved performance are all expected to drive the organic electronics market CAGR. However, potential barriers to wider acceptance of organic electronics, such as lack of sturdiness and incompatibility with traditional goods, may stymie industry expansion.

Additionally, organic electronics have been discovered to have applications ranging from basic academic research to industrial applications, and they are predicted to grow in the market. This market includes unique applications in the fields of field-effect transistors (FETs), light-emitting diodes (LEDs), and solar cells that will lay the groundwork for a new generation of technology. The semiconducting and conjugated organic materials that can be processed into various devices enable for low-cost production and large area. Furthermore, because many organic semiconductors are mechanically more flexible, they are applicable to flexible electrical elements. The bulk fabrication of the devices is accomplished through high-speed and low-cost methods that require lower temperatures, and it is appreciated by well-known constant in-line roll-to-roll technologies such as rotary screen-printing inkjet, offset, and others that are modified to the precise requirements of the organic materials. Thus, driving the organic electronics market revenue.

Organic Electronics Market Segment Insights:

Organic Electronics Application Insights

The Organic Electronics Market segmentation, based on application includes organic light-emitting diode lighting, solar batteries, displays, memory devices, photovoltaic cells. Displays application seized a significant share in the Organic Electronics Market in 2022 because of increased demand for sophisticated display technologies in various application that include smartphones, laptops, television, and other electronic devices with display screen. Advances in display technology, such as Organic LED (OLED) displays, are likely to drive a surge in demand for organic electronics in the coming years. OLED displays provide various benefits to users, including improved image quality due to increased contrast, a wider viewing angle, higher brightness, significantly faster refresh rates, a larger color gamut, and lower power usage. As a result, the enormous advantages provided by OLEDs have converted display panels into foldable, flexible, ultra-thin, and transparent displays.

Organic Electronics Materials Insights

The Organic Electronics Market segmentation, based on materials, includes conductors, dielectric, luminescent materials, electrochromic materials. Dielectric category account for a sizable market share in the global industry. A dielectric material is one that does not enable an electric current to pass through it. Dielectrics are commonly utilized as insulators in electronic equipment. Dielectric materials include glass, plastic, and ceramic. They can also be found in their natural forms, such as air and water. Transition metal oxides and sulfides, as well as rare-earth elements, are examples of inorganic dielectrics. Organic dielectrics are manufactured from carbon-based compounds. They can be either synthetic or natural. Polymers, resins, and oils are common organic dielectrics.

Organic Electronics Components Insights

The Organic Electronics Market segmentation, based on components, includes active components, passive components. The active components held a significant market share. An active component functions as an alternating-current circuit in a device, increasing active power, voltage, or current. An active component can do this because it is powered by a separate source of electricity from the electrical signal. Furthermore, all active components require an energy source, which is often provided by a DC circuit. Furthermore, an active device, such as a transistor, triode vacuum tube, or tunnel diode, can generally inject power into a circuit.

Figure1: Organic Electronics Market, by component, 2022 & 2032 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Organic Electronics Regional Insights

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. North America dominated the Organic Electronics Market in terms of growth, accounting for a substantial market share. The region is technologically advanced, and it was an early adopter of advanced technologies such as AI, machine learning, and IoT, which supported its rise.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: Organic Electronics Market SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s organic electronics market accounts for the second-largest market share due to the rise in the disposable income among individuals. Further, the German organic electronics market held the largest market share and the UK organic electronics market was the fastest growing market in the European region

The Asia-Pacific Organic Electronics Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the consumer electronics industry's consistent global growth and consumers' rising disposable income. Moreover, China’s organic electronics market held the largest market share, and the Indian organic electronics market was the fastest growing market in the Asia-Pacific region.

Organic Electronics Key Market Players & Competitive Insights

Leading market players are investing heavily in R&D in order to expand their product lines, which will help the organic electronics market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, organic electronics industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global organic electronics industry to benefit clients and increase the market sector. In recent years, the organic electronics industry has offered some of the most significant advantages to medicine. Major players in the organic electronics market, including Sumitomo Chemical Co., Ltd. (Japan), Heliatek GmbH (Germany), Novaled GmbH. (Germany), AU Optronics Corp., (Taiwan), Graphic Packaging International, LLC (US) and others, are attempting to increase market demand by investing in R&D operations.

LG Corporation (or LG Group), formerly Lucky-Goldstar from 1983 to 1995, is a South Korean multinational business created by Koo In-hwoi and governed by his family's subsequent generations. It is South Korea's fourth-largest chaebol. Its headquarters are located in Yeouido-dong, Yeongdeungpo District, Seoul, at the LG Twin Towers skyscraper.[3] LG manufactures electronics, chemicals, and telecommunications products and has companies in over 80 countries, including LG Electronics, Zenith, LG Display, LG Uplus, LG Innotek, LG Chem, and LG Energy Solution. In January 2019, LG Display, one of the innovator of display technologies, announced to introduce OLED and LCD displays at CES 2019 in Las Vegas from January 8 to 11. LG Display plans to introduce an 88-inch 8K Crystal Sound OLED (CSO) display with an advanced 3.2.2 channel sound system embedded into the display. Samsung also launched OLED displays for IT and smartphone markets, ultra-large 8K LCDs and a 32:9 curved display.

The Sumitomo Group is one of the largest Japanese keiretsu, or commercial organizations, created about 1615 by Masatomo Sumitomo (1585-1652). The Sumitomo Group's origins may be traced back to a bookshop in Kyoto founded in 1615 by Masatomo Sumitomo, a former Buddhist monk. Even now, the group's management is directed by his 17th-century "Founder's Precepts." In July of 2019,  Sumitomo Cherical and Isorg, a leading supplier of organic photodetector devices and large-area image sensors, announced a collaboration agreement to develop organic photodetector devices for use in organic CMOS image sensors and fingerprint sensors in smartphones.

Key Companies in the organic electronics market include

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  Asahi Kasei Corporation

  
  


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  AU Optronics Corporation

  
  


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  BASF SE

  
  


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  Bayer Material Science AG

  
  


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  Evonik Industries

  
  


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  Fujifilm Dimatix

  
  


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  Merck Kgaa

  
  


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  Novaled

  
  


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  Samsung Display

  
  

Organic Electronics Industry Developments