Organic electronics refers to low cost microelectronic technology that deals with design, and application of organic materials which have electrical properties. Organic materials, utilized in these electronic components are mostly organic compounds that exhibit substantial electrical properties like conductivity and various materials that are employed for manufacture of organic electronics includes polymers, nanotubes, graphene, carbon based molecular structures, and hybrid materials. Printed and flexible electronics are also part of organic electronics and the application of organic electronics in curved HD TVs, and smartphone displays is one of the key application area for organic electronics.
Organic Electronics market has been segmented by materials, applications, and end user industry. Based on the materials the market is segmented into semiconductors, conductors, dielectrics, passivation, substrates, and others. On the basis of applications, the market is classified into organic LED’s, organic photovoltaic cells, organic thin film transistors, systems in foil, battery, sensors and others. By end user industry, the market is classified into consumer electronics, healthcare, automotive, industrial, agriculture, defense, oil & gas, and others.
Rising income of end users and a preference for high quality products, and increasing investments of major companies in the organic electronics will create a huge opportunity for the growth of market. Devices manufactured with organic materials have better interfacing capabilities with biological systems when compared to inorganic materials. Therefore, enhanced biocompatibility of organic materials has also led to propel the growth of market across the biomedical industry. However, difficulties for the wider adoption of organic electronics such as lack of robustness and non-compatibility with conventional goods will slightly hamper the growth rate of market during the forecast period.
The overall market is also presented from the perspective of different geographic regions and the key countries in each region. APAC is the dominating market which held a major revenue share in 2016 and is estimated as fastest growing market during the forecast period. Many of the smartphone manufacturers located in the APAC region are intensely looking for the implementation of organic electronics in their products resulting to bring in the next level of product differentiation.
Sample Companies Profiled in this Report are:
- AU Optronics Corporation
- BASF SE
- Bayer AG
- Koninklijke Philips N.V.
The methodology for estimating the organic electronics market involved demand in the various industries. The segmentations have been cross-mapped extensively to understand various market dynamics. Simultaneously, the companies involved at integration and distribution level were also studied from the perspective of their services, geographical presence, annual turnover and few other parameters to substantiate the estimations. All these estimations were further validated through primary research and industry experts.