The global organic electronics market is segmented by material such as semiconductor, liquid crystal, dielectric, conductive and substrate. Among these segments semiconductor segment is expected to garner maximum share over the forecast period. The growth of the semiconductors segment is augmented by rapid introduction of new applications of organic semiconductors such as OLEDs and ORFIDs.
Global organic electronics market is expected to grow at 28.9% CAGR over the forecast period. Moreover, rising disposable income and swelled spending on advanced and innovative technologies are some major factors which are driving the growth of global organic electronics market across the globe.
Display segment by application is likely to grow at remarkable pace during the forecast period. Organic display technology finds numerous applications in various technologies such as smart phones, laptops, tablets and computers. Further, various advancements in organic display technology such as display backplanes are predicted to enhance the growth of this segment over the forecast period. Additionally, manufacturers of organic electronics such as BASF are looking forward to develop advanced organic display technologies such as display backplanes.
Growing technological advancements in organic technologies is expected to enhance the market of organic electronics in upcoming years. Apart from this, development of new applications of organic materials is anticipated to bolster the demand for organic electronics in future.
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Rising Disposable Income
Increasing disposable income of the consumers is a key factor which is positively impacting the growth of organic electronics market. Changing life style of middle class families and swelled spending on advanced technologies such organic electronics and OLEDs are driving the demand for organic electronics. Further, increasing adoption of OLED TVs across the globe is also anticipated to intensify the market size of organic electronics. Further, high adoption rate of advanced technologies in developed nations is anticipated to positively impact the growth of organic electronics market in future.
However, high cost of organic technologies as compared to other technologies is likely to inhibit the growth of the organic electronics market in the near future.
The report titled “Organic electronics Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global organic electronics market in terms of market segmentation by application, by material and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global organic electronics market which includes company profiling of LG Electronics, BASF SE, AU Optronics Corp., Kateeva, Universal Display Corporation, Samsung, Novaled GmbH, CYNORA GmbH, Pioneer Corporation and SONY Corp. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global organic electronics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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