Organic Electronics Market

Organic Electronics Market Size, Growth, Trends & Forecast (2022 - 2027)

Organic electronics is a branch of electronics 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.

Organic Electronics Market Recent Developments

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) have 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.

A white paper titled "OLED: TV Designed for Health" has been developed by Eyesafe and LG Display. The white paper investigates the key television display technologies, such as LCD and OLED, and their possible impact on eye health and circadian rhythm. Blue light interferes with sleep cycles by lowering melatonin levels in the brain. When compared to regular LCD TVs on the market, one of the advantages of OLED TV is its naturally low blue light emissions. OLED provides the user with superior eye comfort and viewing experience while keeping perfect black and high contrast qualities with superb picture quality.

Organic Electronics Market Drivers

In comparison to inorganic materials, devices composed of organic materials have higher interface capabilities with biological systems. Biomedical applications such as neuron interface 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, favourable government efforts, and enhanced performance.

Organic Electronics Market Restraints

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

Organic Electronics Market Segmentation

Material: The market is segmented into Semiconductor, Dielectric, Conductor, and Substrate.

Organic semiconductors are in high demand for electronics and semiconductors applications because of advantages including lightweight, low-temperature manufacturing, cost-efficiency, mechanical flexibility, and abundant supply. Organic semiconductor demand is also being 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.

Application: The market is segmented into Display, Battery, Lighting, Conductive Ink, Memory, Organic Photovoltaics, Sensor, Organic RFID, and Others.

Instead of using 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.

Organic Electronics Market Regional Analysis

The organic electronics market in the Asia Pacific had the highest revenue share CAGR in 2020, and this trend is likely to continue over the forecast period, thanks to global consumer electronics industry growth and increased disposable income. Furthermore, the presence of prominent organic electronics manufacturers in the region contributes to quick market expansion.

The organic electronics market in North America will account for the second-largest revenue share in 2020, 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.

Organic Electronics Market Leader

Novaled is the leading company in the global organic electronics market.

Organic Electronics Market Key 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)

Impact of COVID-19 for Organic Electronics Market

The COVID-19 pandemic has had a significant impact on the global organic electronics market. Disruptions in supply chains are to blame for this. Infection awareness, lockdowns, and travel restrictions, on the other hand, have impeded worldwide market demand and slowed progress. Furthermore, the situation has had a detrimental impact on the electronic industry and businesses.

The government proposed many methods to help the organic electronics sector expand. Key firms, on the other hand, are implementing new tactics to address existing difficulties and stabilise the industry. Market experts anticipate that by the end of 2021, the market will pick up speed and begin to develop at a reasonable CAGR.