Organic Electronics Market Forecasts to 2030 - Global Analysis By Component, Material, Application, End User and by Geography

According to Stratistics MRC, the Global Organic Electronics Market is accounted for $72.42 billion in 2024 and is expected to reach $226.16 billion by 2030 growing at a CAGR of 20.9% during the forecast period. The term organic electronics describes a subfield of electronics that builds electronic devices using materials derived from organic carbon. Organic electronics make use of conductive polymers or tiny organic molecules as opposed to traditional electronics, which rely on inorganic semiconductors like silicon. Moreover, organic photovoltaic cells for solar energy conversion, organic field-effect transistors (OFETs) for a variety of sensing and circuit applications, and organic light-emitting diodes (OLEDs) for displays and lighting are examples of applications for organic electronics.

According to the Organic Electronics Association (OE-A), organic and printed electronics are poised to revolutionize various industries by providing sustainable and cost-effective alternatives to traditional electronic components.

Market Dynamics:

Driver:

Low-priced production

The fact that organic electronics can be produced with inexpensive, scalable processes is one of their main benefits. Organic electronics, as opposed to conventional silicon-based electronics, can be created by printing methods on flexible substrates like paper or plastic. When used in conjunction with large-scale inkjet or roll-to-roll printing techniques, this considerably lower manufacturing costs. Additionally, organic electronics are competitive in price-sensitive markets like consumer electronics, smart packaging, and disposable electronics because of their affordability, which promotes market expansion and broad industry adoption.

Restraint:

Stability concerns and intricate manufacturing processes

Organic electronics frequently encounter difficulties with device stability and manufacturing complexity. In contrast to conventional silicon-based electronics, organic materials may be more susceptible to external elements like oxygen and moisture, which over time may deteriorate the functionality of the device. Furthermore, in order to ensure long-term stability and performance durability, strict control over fabrication processes and material properties is necessary to achieve consistent quality and reliability in mass production.

Opportunity:

Innovations in wearable and flexible electronics

The increasing demand for flexible and wearable electronics can be attributed to consumers' inclination towards lightweight, comfortable devices that offer improved functionality. With flexible displays, electronic textiles, and wearable sensors that monitor biometric data, improve user experience, and blend in seamlessly with daily life, organic electronics is well-positioned to benefit from this trend. Moreover, these include augmented reality gadgets, smart apparel, and fitness trackers.

Threat:

Vigorous rivalry and technological obsolescence

Established technologies like silicon-based electronics and cutting-edge technologies like quantum computing pose a serious threat to the organic electronics market. Organic electronics may become less competitive in terms of performance, efficiency, and cost-effectiveness or obsolete very quickly due to rapid advancements in competing technologies. Additionally, in order to stay relevant in the market and meet changing customer and industry demands, this threat calls for constant innovation and differentiation.

Covid-19 Impact:

The market for organic electronics has been severely impacted by the COVID-19 pandemic, which has disrupted consumer demand, manufacturing processes, and the supply chain. Movement restrictions and lockdown measures have caused delays in the production and shipment of organic materials and components, which has an impact on supply availability and dependability. The demand for non-essential electronics, including organic electronics used in industries like consumer electronics and automotive applications, has decreased due to economic uncertainty and lower consumer spending.

The Organic Light-Emitting Diodes (OLEDs) segment is expected to be the largest during the forecast period

In the organic electronics market, it is projected that the Organic Light-Emitting Diodes (OLEDs) segment will hold the largest share. With the use of organic materials and an electric current, OLEDs are cutting-edge display technologies that emit light. Because of their excellent energy efficiency, brilliant colors, thin form factor, and flexibility, they are widely used in applications like smartphones, televisions, lighting panels, and signs. Moreover, growth in the organic electronics sector is being driven by innovation and the market for OLEDs, which is being made possible by continuous advancements in materials science, manufacturing processes, and applications.

The Conductive Material segment is expected to have the highest CAGR during the forecast period

The organic electronics market's highest CAGR is expected to be seen in the conductive materials segment. In organic electronics, conductive materials are essential components that allow electricity to flow through devices like organic transistors, sensors, and OLEDs. They consist of substances with qualities like high conductivity, flexibility, and transparency, such as graphene, carbon nanotubes, conductive polymers, and silver nanowires. Additionally, the development of conductive materials in organic electronics has been fueled by the growing need for wearable and flexible electronics as well as by developments in material science and printing methods.

Region with largest share:

The market for organic electronics is dominated by the Asia-Pacific region. Strong industrialization, rapid technological development, and large investments in R&D made in nations like China, Japan, and South Korea are the main causes of this dominance. These countries are leading the way in the production of organic electronic components, including organic photovoltaics, OLED displays, and sensors. Furthermore, the area also gains from a robust consumer electronics industry, rapid technological adoption rates, and encouraging government programs that support cutting-edge and sustainable technology.

Region with highest CAGR:

The organic electronics market is expected to grow at the highest CAGR in North America region. Significant research and development expenditures, mainly in the US and Canada, are driving this growth by advancing technologies like flexible electronics, OLEDs, and organic photovoltaics. The area is enriched with a diverse range of technological enterprises, educational establishments, and research groups that concentrate on pioneering uses of organic electronics in industries like healthcare, aerospace, and defense. Furthermore, a robust consumer demand for environmentally friendly and energy-efficient electronics propels adoption, and regulatory frameworks and funding programs from the government promote market growth.

Key players in the market

Some of the key players in Organic Electronics market include Merck KGaA, Samsung Display, Bayer Material Science AG, Evonik Industries, LG Display Co Ltd, AU Optronics Corporation, Fujifilm Dimatix, Panasonic Holdings Corporation, Covestro AG, Sumitomo Chemical Co Ltd, BASF SE, Novaled GmbH, Sony Corporation, DuPont, Visionox Company and Universal Display Corporation.

Key Developments:

In May 2024, Merck, a leading science and technology company, has signed a definitive agreement to acquire life science company Mirus Bio for US$ 600 million. Based in Madison, Wisconsin, USA, Mirus Bio is a specialist in the development and commercialization of transfection reagents. Transfection reagents, such as Mirus Bio's TransIT-VirusGEN(R), are used to help introduce genetic material into cells. These reagents play a key role in the production of viral vectors for cell and gene therapies.

In February 2024, Bayer AG, a leading global pharmaceutical and Biotechnology Company, and TetraScience, the Scientific Data and AI Cloud Company, announced an agreement aimed at maximizing the value of scientific data and driving innovation. This collaboration will support Bayer's mission to deliver the next generation of life-changing therapeutics and ensure global food security.

In July 2023, Samsung Electronics officially launched the 83" 83S90C, the company's first TV to use LG's WOLED panels, following several years of negotiations and hesitation by the Korean rivals. Samsung then continued to launch more WOLED TVs, but did not made large orders, as it mainly uses QD-OLED panels from SDC for its high-end TVs.

Components Covered:

• Organic Photovoltaic (OPV) Cells
• Organic Light-Emitting Diodes (OLEDs)
• Organic Transistors
• Organic Sensors
• Organic Capacitors
• Other Components

Materials Covered:

• Semiconductor Material
• Conductive Material
• Dielectric
• Substrate
• Other Materials

Applications Covered:

• Display
• Lighting
• Solar Cells
• System Component
• Other Applications

End Users Covered:

• Consumer Electronics
• Healthcare
• Automotive
• Energy
• Aerospace and Defense
• Industrial
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
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