According to a new market research report "Organic Electronics Market by Material (Semiconductor, Conductive, Dielectric and Substrate), by Application (Battery, Conductive Ink, Display, Lighting, Logic/Memory, Sensor, OPV, ORFID and Others), Geography - Global Analysis and Forecast (2014 - 2020)", published by MarketsandMarkets, the total value of organics electronics market is expected to reach $75.82 Billion by 2020, at a CAGR of 29.0%.
Organic electronics is an amalgamation of a new class of organic materials, large-area, high-volume deposition and patterning techniques. Organic electronics which also includes printed and flexible electronics is new and at the early growth stage. There are increasing numbers of applications available and some are in full production whereas many other applications are still in research and development stage.
The report study published gives an eagle eye view on different applications, materials used and geographical analysis of Organic Electronics Market. The major applications that are considered in this report are OLED display, OLED lighting, organic photovoltaic, ORFID, sensor, battery, conductive ink and smart applications among the others. OLED display being the highest market sharing application is expected to grow at high rate, as many companies are entering into large OLED display panel manufacturing. Besides, the smart phone and tablet market growing at tremendous rate is also pushing up the demand for new and advance OLED displays in the market. OLED lighting, a new class of application is still considered as a risky business by many lighting companies but it is expected that this application will account for highest growth rate in the coming years, owing to huge advantages over its substitute products.
Coming to the geographical analysis of Organic Electronics Market, Asia-Pacific region accounts for the highest share currently. This is because Asia-Pacific region is the home ground for major organic materials providers and display manufacturers. This region also has the highest demand for new technologies like organic and flexible electronics. Europe is called the research and development house of organic electronics, as major researches are going on in this region. In terms of demand, North Americas ranks second in the market for organic electronics. The research study also gives sub segmentation of regions by different countries. The major market sharing countries analyzed in the report are U.S., China, Japan, Germany, U.K., Taiwan, South Korea and France among the others.
The report profiles major players in organic material suppliers and display manufacturers in organic electronics market, which are AU Optronics Corporation(Taiwan), BASF SE (Germany), Bayer MaterialScience AG (Germany), DuPont or E. I. du Pont de Nemours and Company (U.S.), LG Display (South Korea), Merck KGaA(Germany), Novaled GmbH(Germany), Koninklijke Philips N.V. (Philips) (The Netherlands), Samsung Display (South Korea), Sony Corporation (Japan), Sumitomo Corporation (Japan) and Universal Display Corporation (U.S).
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