What Has Been the Growth of the Organic Electronics Market So Far?
The organic electronics market has seen considerable growth due to a variety of factors.
• The size of the organic electronics market has seen a massive expansion in the past few years. It is projected to expand from a size of $61.85 billion in 2024 to $74.81 billion in 2025, marking a compound annual growth rate (CAGR) of 21.0%.
The significant increase during the historical period is a result of energy efficiency, capital invested in research and development, reduced production expenses, and the application of flexible and light materials.
What Is the Forecasted Market Size and Growth Rate for The Organic Electronics Market Size In The Coming Years?
The organic electronics market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the organic electronics market is anticipated to expand significantly in the coming years, with a projected value of $147.49 billion in 2029 and a compound annual growth rate (CAGR) of 18.5%.
This expected surge over the forecast period can be tied to factors like advancements in material development, growth in biocompatible electronics, applications in the internet of things (IOT), and the emergence of foldable displays. Key trends to watch during this forecast period include the role of artificial intelligence (AI) and machine learning (ML), breakthroughs in digital health, smart packaging techniques, as well as RFID and sensor technologies.
What Factors Are Driving Growth In The Organic Electronics Market?
The burgeoning need for advanced smartphones is anticipated to fuel the expansion of the organic electronics market in the future. Advanced mobile phones, or smartphones, blend the capabilities of regular cell phones with personal computer attributes. Organic electronic devices provide flexibility and adaptation, making them perfect for innovative electronics like foldable smartphones and wearable tech gadgets. These resources outweigh their traditional inorganic counterparts, boasting benefits such as being bendable, lightweight, and power-saving. Notably, in line with Uswitch Limited, a financial conduct authority based in the UK, starting 2022, the UK witnessed a total of 71.8 million mobile connections, marking an increase of 3.8%, or roughly 2.6 million, compared to 2021. By 2025, the UK population is projected to rise to 68.3 million, with about 95% of them, approximately 65 million people, owning a smartphone. Thus, escalating advanced smartphone demand is a key player in stimulating the organic electronics market growth. Growth in the organic electronics market is also being driven by a surge in demand for wearable electronics. Wearable devices are defined as mini electronic appliaces intended to be worn, usually featuring sensors and connectivity capabilities for various tasks. Organic electronics are instrumental in wearable tech, as they facilitate bendable, lightweight components, enhancing comfort and wearability while retaining electronic functions. According to the Italy-based Patently Apple blog, which tracks Apple's IP and other tech industry updates, shipments of Apple smartwatches rose from 38% in the last quarter of 2021 to 43% in the final quarter of 2022. Therefore, a rising appetite for wearable electronics is also propelling the growth of the organic electronics market.
What Are The Main Segments Of The Global Organic Electronics Market?
The organic electronics market covered in this report is segmented –
1) By Material: Semiconductor, Conductive, Dielectric, Substrate
2) By Application: Display, Lighting, Battery, Conductive Ink, Other Applications
3) By End User: Consumer Electronics, Healthcare, Automotive, Energy, Aerospace And Defense, Other End Users
Subsegments:
1) By Semiconductor: Organic Thin-Film Transistors (OTFTs), Organic Light-Emitting Diodes (OLEDs), Organic Photovoltaics (OPVs)
2) By Conductive: Conductive Polymers, Carbon Nanotubes, Graphene-Based Conductors
3) By Dielectric: Polymer Dielectrics, Organic Insulating Materials
4) By Substrate: Flexible Substrates, Rigid Substrates
Pre-Book The Organic Electronics Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What New Trends Are Influencing The Organic Electronics Market?
The organic electronics market is witnessing a surge of innovative product development efforts by major players, with a specific focus on technologies such as flexible OLEDs (organic light-emitting diodes). These OLEDs are mounted on a pliable polyimide-based substrate. A clear illustration of this came in May 2023 when Germany's Merck KGaA, a prominent player in the science and technology industry, unveiled innovative barrier materials for flexible OLED devices. This new product boasts improved flexibility, reliability, and longevity compared to traditional alternatives. The novel materials are incorporated using a low-temperature plasma-enhanced atomic layer deposition (PE-ALD) technology, ensuring a more solid thin film encapsulation, thus prolonging the overall life of the OLED device. This not only improves the device's compatibility with stringent automotive standards but also enhances barrier performance, reduces associated costs, and offers several benefits over existing options, anticipated to fuel the growth of the organic electronics market.
Who Are the Key Players In The Organic Electronics Market?
Major companies operating in the organic electronics market are:
• BASF SE
• Sony Group Corporation
• Sumitomo Corporation
• Panasonic Corporation
• Heraeus Holding GmbH
• Samsung Display
• Toshiba Corporation
• BOE Technology Group Co. Ltd.
• Henkel AG and Co. KGaA
• Merck KGaA
• Fujifilm Corporation
• Evonik Industries AG
• LG Display Co. Ltd.
• Covestro AG
• AGC Inc.
• Konica Minolta Inc.
• AUO Corporation
• Osram GmbH
• PolyIC GmbH and Co. KG
• Sigma-Aldrich Corporation
• Universal Display Corporation
• Kateeva Inc.
• H.C. Starck High Performance Metal Solutions
• Heliatek GmbH
• Novaled GmbH
• OLEDWorks LLC
• ISORG
• FlexEnable.
What Is The Most Dominant Region In The Organic Electronics Market?
Asia-Pacific was the largest region in the organic electronics market in 2024. The regions covered in organic electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
