Organic Electronics Market Size, Share & Trends Analysis Report By Material, By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

The global organic electronics market is expected to be highly impacted by portable solar cells, colored light source and smartphone displays, application in curved HD TVs. Organic electronics represent a highly promising technology that is expected to provide increased functionality in order to overcome power consumption challenges over the forecast period. Potential applications of organic electronics span a broad range of fields including national security, environmental health, biomedical research, and IT. Owing to simple processing methods and low material utilization, these devices are expected to become a low-cost alternative to the traditional inorganic electronic applications. The establishment of advanced systems relying on organic semiconductors may demonstrate remarkable technological maturity and competitiveness of these devices over the forecast period.

Devices made with organic materials have better interfacing capabilities with biological systems as compared to inorganic materials. Enhanced biocompatibility of organic materials has also led to biomedical applications such as neuron interfacing. Transparent organic transistors can simultaneously sense as well as simulate electrical activities of cultured mammalian neurons which could open unparalleled possibilities for neurophysiology. Rapidly growing consumer electronic goods industry, increasing application areas, favorable government initiatives, and improved performance are some of the factors expected to drive the organic electronics market. However, the potential hurdle for the wider adoption of organic electronics such as lack of robustness and non-compatibility with conventional goods may hamper the market growth.

The market segmentation on the basis of materials include a substrate, dielectric, conductive, and semiconductor. On the basis of applications, the market includes system components, organic photovoltaic (OPV), OLED lighting, printed batteries, organic RFID tags, and display applications. OLED display finds applications in lightings, T.V. sets, tablets, and laptops. Lighting systems and OLED-based displays are expected to remain the dominant segments. However, the development of multilayered structures of white-emitting OLEDs and complex fabrication processes could affect sub-segment growth through the forecast period. OPV market segment is expected to be driven by increasing adoption of OPV technique due to reduced cost of dye-sensitized solar cells (DSSC). Asia Pacific is expected to dominate the market over the next six years. Key vendors in the organic electronics market include Merck, Novaled, Heliatek, Polyic, Bayer MaterialScience, Fujifilm Dimatix Inc., H.C. Starck, AGC Seimi Chemical Co. Ltd., Sumitomo, Polyic, Evonik, BASF SE, and AU Optronics Corporation.