Global Organic Electronics Market: Overview
Organic electronics is a branch of material science which deals with application, design, and formulation of organic materials, which possesses desirable electronic properties such as conductivity. These materials are composed of carbon-based polymers hence known as plastic electronics or polymer electronics. As compared to inorganic electronics, organic electronics offers the benefit of low-cost manufacturing. It is environment-friendly in nature and also offers better resource utilization. Various kinds of materials are used in the manufacturing of organic electronics such as carbon-based molecular structures, polymers, hybrid materials, nanotubes, and graphenes. Most common application of organic materials is an organic light-emitting diode (OLED) which is broadly used in smartphones. Transistors, television displays, and organic solar cells are other applications of organic electronics. Organic electronics are managed in room temperature and can be produced in bulk at a low cost. They are brighter, flexible, and consume less power.
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Global Organic Electronics Market: Growth Factors
Organic electronics are used in various applications such as photovoltaics, OLED lighting, ORFID, and others. It helps in reducing power consumption, cost, and weight of electronic goods thus driving the global organic electronics market. Millions of tablets, TV sets, smartphones, and PCs are being exported globally thus fostering the market growth. Similarly, the demand for other flexible electronic goods may escalate in sectors such as government, healthcare, and other. However, lack of robustness and non-compatibility with conventional electronic goods are factors that restrain the global market growth to some extent.
Global Organic Electronics Market: Segmentation
The global organic electronics market is segmented into its application, material used, and geography. Based on the application, the global market is divided into smart applications, organic displays, organic radio frequency identification tags (ORFIDs), system components, organic sensors, batteries, and photovoltaic systems. The organic display is the dominating segment. While, OLED displays are used in lightings, laptops, T.V. sets, and tablets. On the basis of the material used, the global organic electronics market is segregated into dielectric materials, semiconductors, substrates, and conductors. Regionally, the market is diversified into Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa.
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Global Organic Electronics Market: Regional Analysis
Asia-Pacific is the largest market for organic electronics, it is considered as the home for almost 3/4th of the global electronics manufacturing industry which is the major reason responsible for the growth of the market. Tough competition among the LCD display manufacturers is the key factor that boosts the OLED displays market in this region. OLED displays have gained momentum across the world regardless of its expensiveness and the arrival of flexible OLED have given a revolutionary attitude to the OLED manufacturers in the Asia Pacific region. Other regions such as North America and Europe are also contributing a good share in the global organic electronics market.
Global Organic Electronics Market: Competitive Players
The major market players in the global organic electronics market include ITRI, Asahi Kasei Corporation, DuPont, Sony Corporation, BASF SE, Henkel AG & Company, Evonik Industries, Bayer Material Science AG, Samsung Display, and Optomec.
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