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Organic Electronics Market to Witness Robust Growth by 2028

• Posted by mceli V Jun 15 - Filed in Business - #Organic Electronics Market  - 12 views

  The global organic electronics market size is expected to reach USD 178.25 Billion at a steady CAGR of 15.4% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising demand for consumer electronic products and increasing focus on integrating advanced functionalities at reduced cost. Organic electronics offer several more benefits as compared to electronic products based on inorganic materials such as silicon and gallium arsenide. For example, organic semiconductors along with being lightweight and cost-effective, provide mechanical flexibility and possibility of chemical modifications. In addition, organic electronic materials consume less power. Additionally, a significant property of organic materials-based devices is that these can be produced at room temperature, which allows for integration of large-area electronic functions cost-effectively on flexible substrates.

  Organic electronics is garnering significant traction in the medical industry, particularly in the treatment of blindness by insertion of retinal chip in patient’s eye. Organic retinal chips convert light rays entering the eye into electrical signals and transfer it to brain via the receptor cells. This technology has enabled patients with blindness to distinguish light and dark, object contours, and occasionally even facial expressions and alphabets.

  Click the link to get info@ https://www.emergenresearch.com/industry-report/organic-electronics-market

  key features of the report

  • Organic semiconductors find wide application in organic light-emitting diodes lighting and displays applications, thin film batteries, electronic paper, organic photovoltaics, supercapacitors, and sensors.
  • Organic electronic displays are made up of an organic film to generate light energy via phosphorescence instead of deploying backlight. Organic electronic displays devices such as OLEDs offer several benefits over LCDs such as highly reduced screen thickness, enhanced image quality with improved contrast, viewing angle, wider color gamut, increased brightness, and better refresh rates. Also, simpler design of OLEDs allows for foldable, flexible, and transparent displays.
  • Organic electronics market in Asia Pacific accounted for fastest revenue CAGR in 2020 and the trend is expected to continue over the forecast period due to rapid growth of the consumer electronics industry and increasing disposable income. In addition, presence of leading manufacturers of organic electronics in countries in the region are causative of steady market growth.

  Market Overview:

  The research report on the Organic Electronics market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Organic Electronics business sphere.

  Key players in the market include Covestro AG, Novaled GmbH, Koninklijke Philips NV, Sumitomo Corporation, BASF SE, Siemens AG, LG Display Co. Ltd., Universal Display Corporation, Samsung Display Co. Ltd., and Evonik Industries.

  Emergen Research has segmented the global organic electronics market on the basis of material type, application, and region:

  Material Type Outlook (Revenue, USD Billion; 2018–2028)

  • Semiconductor
  • Dielectric
  • Conductor
  • Substrate

  Application Outlook (Revenue, USD Billion; 2018–2028)

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

  The report addresses the following key points:

  • The report provides a forecast of Organic Electronics market drivers, restraints, and future opportunities for the Organic Electronics market
  • The report further analyses the changing market dynamics
  • Regional analysis and segmentation of the Organic Electronics market with analysis of the regions and segments expected to dominate the market growth
  • Extensive competitive landscape mapping with profiles of the key competitors
  • In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
  • Revenue forecast, country scope, application insights, and product insights

  Thank you for reading our report. Customization of the report is available. To know more, please connect with us, and our team will ensure the report is customized as per your requirements.

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