Organic Electronics Market: Industry Analysis, Trend and Growth, 2014 – 2020 by Future Market Insights

Global Organic
Electronics Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014 - 2020
Future Market Insights
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Description
Report Description
Organic electronics is a branch of electronics that deals with design, formulation and application
of organic materials that possess electrical properties. The organic materials used are basically
organic compounds that exhibit considerable electrical properties like conductivity. These
materials are made up of tiny molecules or carbon-based polymers, hence also called polymer
electronics or plastic electronics. Organic electronics offer the benefit of low-cost manufacturing
as compared to conventional inorganic electronics. Organic electronics is environment-friendly
and offers better resource utilization.
The different types of materials used in the manufacture of organic electronics include polymers,
nanotubes, graphemes, carbon-based molecular structures, and hybrid materials. A commonly
known application of organic materials is organic light-emitting diode (OLED), which is widely
used in smartphones. Organic solar cells, television displays, and transistors are the other
applications of organic electronics. Out of all these segments, organic displays contribute the
highest revenue for the organic electronics market. Advantages of organic electronics are - they
can be processed in room temperature unlike silicon, which requires temperatures above
1000°C. It can be produced in bulk and at low cost unlike the currently used expensive
electronics. Organic electronic materials are flexible, brighter and consumes less power. On the
other hand, its disadvantages include- water can damage it, high cost on research
&development activity, low electrical conductivity and less life as compared to metallic
conductors.
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Description
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Some of the underlying drivers of the market include the rising disposable income of end-users
and a preference for high-quality products, increasing investments of major companies in the
organic electronics segment, competition among suppliers for product differentiation and a rise
in concern towards environment protection. The consumer electronics segment, comprising
smartphones and televisions, is expected to bring about a double-digit growth rate in the
organic electronics market incoming six years. On the other hand, low electrical conductivity,
complicated fabrication of material and the presence of more competent technologies are some
of the restraints behind the development of the organic electronics market.
The organic electronics market is segmented on the basis of material used, application and
geography. On the basis of materials used, the market is classified into semiconductors,
conductors, substrates and dielectric materials. On the basis of applications, the market is
categorized into displays, organic sensors, organic radio frequency identification tags (ORFIDs),
photovoltaic systems, batteries, system components and smart applications. On the basis of
geography, the market is divided into North America, Latin America, Asia-Pacific, Japan, Western
Europe, Eastern Europe and Middle East & Africa.
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Description
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At present, some of the innovative applications of organic electronics include - displays, lighting,
photovoltaic and other smart electronic systems. Constant research &development activities are
leading to the development of biomedical implants and other biodegradable RFID tags. Other
areas of exploration include possible application in memory devices, detectors, micro lenses,
batteries, photoconductors, optical fibers and consumer packaging. Ongoing developments in
the consumer electronics segment, especially smartphones, offer promising growth in terms of
adoption of organic electronics. Technological advancements concerning organic photovoltaic,
transistor technology and organic display technology, and developments in organic polymer
materials are expected to drive market growth.
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Some of the market players are Asahi Kasei Corporation, BASF SE, Bayer Material Science AG,
Evonik Industries, DuPont, Henkel AG & Company, Optomec, ITRI, Samsung Display and Sony
Corporation. The key strategies adopted by these players are product innovation and product
differentiation. Organic electronics is an emerging market, hence most companies are focusing
on sharing their expertise through partnership and collaboration. Scientific and technological
developments by OEMs (original equipment manufacturers) and pure technology solution
providers will help the organic electronics market to sustain and grow.
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Organic electronics is a branch of electronics that deals with design, formulation and application of organic materials that possess electrical properties. The organic materials used are basically organic compounds that exhibit considerable electrical properties like conductivity. These materials are made up of tiny molecules or carbon-based polymers, hence also called polymer electronics or plastic electronics. Organic electronics offer the benefit of low-cost manufacturing as compared to conventional inorganic electronics. Organic electronics is environment-friendly and offers better resource utilization.