Organic Electronics Market Size, Share, Growth Analysis, By Material:(Semiconductor, Conductive), By Application:(Display, Lighting), By End User:(Consumer Electronics, Healthcare), By Region:(North America, Europe) - Industry Forecast 2024-2031

Organic Electronics Market Insights

Market Overview:

The market for organic electronics is anticipated to increase by 18.9% CAGR from 2023 to 2028, rising from USD 59.9 billion in 2023 to USD 142.1 billion in 2028. The market for organic electronics is propelled by a number of strong forces that have sped up its development and wide-scale acceptance. The expanding desire for lighter, more versatile, and energy-efficient products across multiple sectors is one of the main drivers.

Organic Electronics Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028

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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Semiconductors by segment aggregation, the contribution of the Semiconductors in Semiconductors & Semiconductor Equipment and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The Organic Electronics Market is segmented by Material:, Application:, End User:, Region:. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

Organic Electronics Market Basis Point Share Analysis, 2021 Vs. 2028

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Based on Material: the market is segmented as, Semiconductor, Conductive, Dielectric, Substrate
Based on Application: the market is segmented as, Display, Lighting, Solar Cells, System Components, Others
Based on End User: the market is segmented as, Consumer Electronics, Healthcare, Automotive, Energy, Aerospace & Defense, Others
Based on Region: the market is segmented as, North America, Europe, Asia Pacific, Rest of the World, KEY MARKET PLAYERS, Merck KGaA, BASF SE, Covestro AG, DuPont, AUO Corporation, Sony Corporation, Samsung Display, Lg Display Co., Ltd., Sumitomo Chemical Co., Ltd., Universal Display Corporation

Regional Analysis:

Organic Electronics Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

Organic Electronics Market Attractiveness Analysis, By Region 2020-2028

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Organic Electronics Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Organic Electronics Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Organic Electronics Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Organic Electronics Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Organic Electronics Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

organic electronics market is projected to grow from USD 59.9 billion in 2023 to USD 142.1 billion by 2028, registering a CAGR of 18.9% during the forecast period. The organic electronics market has experienced significant growth driven by rising adoption of OLED displays in various applications, rising demand for flexible and lightweight devices, and emerging applications in the automotive and healthcare industries. These factors have collectively contributed to the expansion of the market, as organic electronic devices offer unique advantages and cater to evolving consumer needs in various industries. Continued research and development efforts, along with new market-driven technologies such as, mini-LED and micro-LED, are expected to further propel the growth of the organic electronics market in the coming years.
Driver: Surging adoption of OLED displays in various applications
The surging demand for OLED (Organic Light-Emitting Diode) displays in various applications has been a key driver of the growth in the organic electronics market. OLED displays offer numerous advantages over traditional display technologies, such as LCD (Liquid Crystal Display), including superior image quality, vibrant colors, high contrast ratios, wide viewing angles, and fast response times. OLED displays have gained significant popularity in the consumer electronics industry, with smartphones, televisions, and wearable devices being major applications. The demand for smartphones with OLED displays has grown substantially due to their slim form factor, energy efficiency, and ability to produce deep blacks and vibrant colors. Similarly, OLED televisions have garnered attention for their high picture quality and flexibility in design.
In addition to consumer electronics, OLED displays are finding applications in other industries. Due to their customizable designs and improved visibility, automotive manufacturers are incorporating OLED displays in vehicle dashboards, infotainment systems, and lighting solutions. The lighting industry is also adopting OLED technology for energy-efficient and aesthetically pleasing lighting solutions. The increasing adoption of OLED displays in various applications has driven the demand for organic electronic materials and components. Manufacturers are investing in research and development to improve OLED displays' performance, efficiency, and durability. Efforts are underway to increase the lifespan of OLED panels and reduce manufacturing costs to make them more accessible to a wider range of applications. Overall, the surging demand for OLED displays in various sectors is a significant driving force behind the growth of the organic electronics market. As technology advances and production costs decrease, OLED displays are expected to penetrate different industries further, propelling the expansion of the organic electronics market.
Restraint: Limited market penetration
The limited market penetration of organic electronic devices can be attributed to several factors, including the technology’s relative immaturity and cost considerations. Organic electronics are still in the early stages of development, and while their performance and stability are improving, they have not yet reached the same level as traditional inorganic electronics. This can create reluctance among consumers and manufacturers to fully adopt organic electronic devices. Additionally, the production processes for organic electronics, such as printing or coating, are not as streamlined or cost-effective as those for inorganic electronics. As a result, the manufacturing costs of organic electronic devices can be higher, making them less competitive in terms of pricing. Achieving economies of scale becomes challenging due to the limited market size and the need for significant investments in research, development, and manufacturing infrastructure. However, ongoing advancements and increasing investments in the field are expected to address these limitations and gradually expand the market for organic electronic devices.
Opportunity: Developing new applications in the consumer electronic industry
Organic electronic devices are paving the way for exciting new applications. Flexible displays like foldable smartphones and curved OLED screens are revolutionizing the consumer electronics industry by offering unique form factors and enhanced user experiences. Additionally, organic electronic devices are being utilized to develop smart labels and packaging, enabling features like interactive product information, authentication, and real-time monitoring of product conditions. Another promising application is the integration of organic sensors into various industries, including healthcare, environmental monitoring, and smart homes. These sensors can detect and measure parameters like temperature, humidity, pressure, and chemical concentrations. By combining flexibility, lightweight design, and customizable properties, organic electronic devices drive innovation in multiple sectors and open up new possibilities for advanced electronics. The ongoing research and development efforts in organic electronics are expected to expand the range of applications further and accelerate the market penetration of these promising technologies.
Challenge: Competition from traditional electronic technologies
Organic electronics face stiff competition from traditional electronic technologies, particularly silicon-based electronics. Silicon-based technologies have a significant advantage in terms of their technological maturity and established manufacturing processes. They have been extensively researched, optimized, and commercialized for decades, resulting in high-performance, reliable devices with well-established production yields. In contrast, organic electronics are still in the early stages of development, and their performance and stability are continually being improved. However, organic electronics offer unique advantages such as flexibility, lightweight, and low-cost manufacturing, which make them suitable for specific applications. To overcome the competition, ongoing research and development efforts are focused on improving the performance, stability, and scalability of organic materials and devices and developing new manufacturing techniques. Increasing market demand, technological advancements, and collaborations between industry and academia are expected to drive the growth and adoption of organic electronics, leading to a more competitive position in the electronic devices market.
Organic Electronics Market Ecosystem
The organic electronic market ecosystem consists of various entities and components that contribute to developing, producing, distributing, and utilizing organic electronic products. Dominant companies in this market include Merck KGaA (Germany), BASF SE (Germany), Covestro (Germany), DuPont (US), AUO Corporation (Taiwan), Sony Corporation (Japan), Samsung Display (South Korea), LG Display Co., Ltd. (South Korea), Sumitomo Chemical Co., Ltd. (Japan), Universal Display Corporation (US), Konica Minolta, Inc. (Japan), and Novaled GmbH (Germany).
By material, semiconductor material to account for the largest share of the organic electronics market
Semiconductor materials dominate the organic electronics market, accounting for a significant portion of the market share. Semiconductor materials are vital for the fabrication of various organic electronic devices, including OLED displays and organic photovoltaic cells. Semiconductor materials in organic electronics primarily refer to organic semiconductors, which are carbon-based compounds with semiconducting properties, such as polymers. These materials possess the ability to transport charge carriers (electrons or holes) within the device structure. In OLED displays, organic semiconductors are used to create the emissive layers responsible for generating light when an electric current passes through them. These semiconductors enable the precise control of charge carriers, allowing for the production of vibrant colors and efficient light emission. Similarly, in organic photovoltaic cells (OPV), semiconductor materials are crucial for absorbing and converting light energy into electrical energy. Organic semiconductors act as the active layer in OPV devices, capturing photons and generating electron-hole pairs that lead to electricity production.
The dominance of semiconductor materials in the organic electronics market stems from their indispensable role in the functionality of key devices. As a result, research and development efforts continue to focus on optimizing semiconductor materials, improving their charge transport properties, stability, and efficiency to enhance the performance of organic electronic devices.
By application, the display segment is expected to account for the largest share during the forecast period
The display applications represent the largest market segment for organic electronics. The popularity of OLED displays has significantly contributed to the growth of the organic electronics market, particularly in consumer electronic devices like smartphones, televisions, and laptops. OLED displays offer numerous advantages over traditional display technologies, including LCD (Liquid Crystal Display). They provide vibrant colors, high contrast ratios, wide viewing angles, fast response times, and the ability to achieve thin and flexible form factors. These features have made OLED displays increasingly popular among consumers, driving the demand for organic electronic materials and components. OLED displays have witnessed widespread adoption in the smartphone industry, with major manufacturers incorporating them into their flagship devices. The superior image quality, energy efficiency, and slim designs of OLED displays have contributed to their popularity in smartphones.
Additionally, OLED displays have found significant applications in the television industry. The ability to produce deep blacks and vibrant colors, along with the flexibility in design, has led to the production of high-quality OLED televisions. Furthermore, OLED displays have made their way into laptops, tablets, smartwatches, and other wearable devices. OLED displays' lightweight and flexible nature make them ideal for portable devices where form factor and energy efficiency are critical. The growing demand for OLED displays in these various devices has propelled the expansion of the organic electronics market, with display applications being the largest segment. As technology advances, OLED displays are expected to penetrate further into different sectors and drive the growth of the organic electronics market.
Asia Pacific region is the largest market for organic electronics. This is primarily attributed to the presence of major electronics manufacturing countries within the region, including China, Japan, and South Korea. China, in particular, has emerged as a global hub for electronics manufacturing, with a vast consumer base and a well-established supply chain. The country’s large-scale production capabilities and cost-effective manufacturing processes have contributed to its dominance in the organic electronics market. China's robust electronics industry supports the production of a wide range of devices, including smartphones, televisions, and wearable devices, which are major applications for organic electronic components like OLED displays.
On the other hand, Japan has a long-standing reputation for technological innovation and is a major player in the electronics industry. The country has been at the forefront of organic electronics research and development, contributing to advancements in the field. Japanese companies have played a significant role in commercializing organic electronic devices, particularly in display applications. South Korea is another key player in the Asia Pacific organic electronics market. The country is known for its major electronics conglomerates that have significantly contributed to developing and producing organic electronic devices. South Korean companies have been pioneers in the mass production of OLED displays, driving the growth of the organic electronics market.
The strong presence of these electronics manufacturing countries, along with their investment in research and development, infrastructure, and production capabilities, has propelled the Asia Pacific region to become the largest market for organic electronics. The region's dominant position is expected to continue as demand for electronic devices and the adoption of organic electronic technologies further increase in the coming years.
Recent Developments
In June 2023, Kaynemaile, a renowned worldwide provider of architectural mesh solutions for commercial, residential, and public buildings, has chosen Covestro's Makrolon RE for its innovative (resin) RE bio-circular architectural mesh. Makrolon RE, a sustainable polycarbonate material, has been selected by Kaynemaile to enhance their architectural mesh offerings' performance and environmental credentials.
In May 2023, Merck introduced new silicon dielectrics processed ALD technology, enabling flexible OLEDs in superior display devices. The increasing popularity of free-form devices featuring fully flexible OLED displays highlights a significant trend in data-driven electronics.
In April 2023, LAPP, a leading provider of integrated cable and connection technology solutions, partnered with BASF to incorporate a new bio-based plastic into their product range. This plastic, known as Organic ETHERLINE, is developed by BASF and offers a sustainable alternative for various cable applications.
In January 2023, LG Display Co, Ltd. launched advanced automotive displays utilizing their P-OLED and LTPS LCD. The displays will provide enhanced picture quality, high resolution and wide viewing angle. The automotive P-OLED is based on Tandem technology, that uses two organic light emitting layers to offer greater brightness and durability than single-layered OLED.
In December 2022, AUO Display Technology has partnered with Renovatio-pictures, a Hollywood-based visual effects company, to create a new production solution for the Taiwanese film industry. The solution combines AUO's high-quality display technology with Renovatio-pictures’ expertise in visual effects to create a more immersive and realistic viewing experience for audiences.
KEY MARKET SEGMENTS
By Material:
Semiconductor
Conductive
Dielectric
Substrate
By Application:
Display
Lighting
Solar Cells
System Components
Others
By End User:
Consumer Electronics
Healthcare
Automotive
Energy
Aerospace & Defense
Others
By Region:
North America
Europe
Asia Pacific
Rest of the World
KEY MARKET PLAYERS
Merck KGaA
BASF SE
Covestro AG
DuPont
AUO Corporation
Sony Corporation
Samsung Display
Lg Display Co., Ltd.
Sumitomo Chemical Co., Ltd.
Universal Display Corporation

SkyQuest's Expertise:

The Organic Electronics Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute	Details
The base year for estimation	2021
Historical data	2016 – 2022
Forecast period	2022 – 2028
Report coverage	Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered	By Material: - Semiconductor, Conductive, Dielectric, Substrate By Application: - Display, Lighting, Solar Cells, System Components, Others By End User: - Consumer Electronics, Healthcare, Automotive, Energy, Aerospace & Defense, Others By Region: - North America, Europe, Asia Pacific, Rest of the World, KEY MARKET PLAYERS, Merck KGaA, BASF SE, Covestro AG, DuPont, AUO Corporation, Sony Corporation, Samsung Display, Lg Display Co., Ltd., Sumitomo Chemical Co., Ltd., Universal Display Corporation
Regional scope	North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope	U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled	organic electronics market is projected to grow from USD 59.9 billion in 2023 to USD 142.1 billion by 2028, registering a CAGR of 18.9% during the forecast period. The organic electronics market has experienced significant growth driven by rising adoption of OLED displays in various applications, rising demand for flexible and lightweight devices, and emerging applications in the automotive and healthcare industries. These factors have collectively contributed to the expansion of the market, as organic electronic devices offer unique advantages and cater to evolving consumer needs in various industries. Continued research and development efforts, along with new market-driven technologies such as, mini-LED and micro-LED, are expected to further propel the growth of the organic electronics market in the coming years. Driver: Surging adoption of OLED displays in various applications The surging demand for OLED (Organic Light-Emitting Diode) displays in various applications has been a key driver of the growth in the organic electronics market. OLED displays offer numerous advantages over traditional display technologies, such as LCD (Liquid Crystal Display), including superior image quality, vibrant colors, high contrast ratios, wide viewing angles, and fast response times. OLED displays have gained significant popularity in the consumer electronics industry, with smartphones, televisions, and wearable devices being major applications. The demand for smartphones with OLED displays has grown substantially due to their slim form factor, energy efficiency, and ability to produce deep blacks and vibrant colors. Similarly, OLED televisions have garnered attention for their high picture quality and flexibility in design. In addition to consumer electronics, OLED displays are finding applications in other industries. Due to their customizable designs and improved visibility, automotive manufacturers are incorporating OLED displays in vehicle dashboards, infotainment systems, and lighting solutions. The lighting industry is also adopting OLED technology for energy-efficient and aesthetically pleasing lighting solutions. The increasing adoption of OLED displays in various applications has driven the demand for organic electronic materials and components. Manufacturers are investing in research and development to improve OLED displays' performance, efficiency, and durability. Efforts are underway to increase the lifespan of OLED panels and reduce manufacturing costs to make them more accessible to a wider range of applications. Overall, the surging demand for OLED displays in various sectors is a significant driving force behind the growth of the organic electronics market. As technology advances and production costs decrease, OLED displays are expected to penetrate different industries further, propelling the expansion of the organic electronics market. Restraint: Limited market penetration The limited market penetration of organic electronic devices can be attributed to several factors, including the technology’s relative immaturity and cost considerations. Organic electronics are still in the early stages of development, and while their performance and stability are improving, they have not yet reached the same level as traditional inorganic electronics. This can create reluctance among consumers and manufacturers to fully adopt organic electronic devices. Additionally, the production processes for organic electronics, such as printing or coating, are not as streamlined or cost-effective as those for inorganic electronics. As a result, the manufacturing costs of organic electronic devices can be higher, making them less competitive in terms of pricing. Achieving economies of scale becomes challenging due to the limited market size and the need for significant investments in research, development, and manufacturing infrastructure. However, ongoing advancements and increasing investments in the field are expected to address these limitations and gradually expand the market for organic electronic devices. Opportunity: Developing new applications in the consumer electronic industry Organic electronic devices are paving the way for exciting new applications. Flexible displays like foldable smartphones and curved OLED screens are revolutionizing the consumer electronics industry by offering unique form factors and enhanced user experiences. Additionally, organic electronic devices are being utilized to develop smart labels and packaging, enabling features like interactive product information, authentication, and real-time monitoring of product conditions. Another promising application is the integration of organic sensors into various industries, including healthcare, environmental monitoring, and smart homes. These sensors can detect and measure parameters like temperature, humidity, pressure, and chemical concentrations. By combining flexibility, lightweight design, and customizable properties, organic electronic devices drive innovation in multiple sectors and open up new possibilities for advanced electronics. The ongoing research and development efforts in organic electronics are expected to expand the range of applications further and accelerate the market penetration of these promising technologies. Challenge: Competition from traditional electronic technologies Organic electronics face stiff competition from traditional electronic technologies, particularly silicon-based electronics. Silicon-based technologies have a significant advantage in terms of their technological maturity and established manufacturing processes. They have been extensively researched, optimized, and commercialized for decades, resulting in high-performance, reliable devices with well-established production yields. In contrast, organic electronics are still in the early stages of development, and their performance and stability are continually being improved. However, organic electronics offer unique advantages such as flexibility, lightweight, and low-cost manufacturing, which make them suitable for specific applications. To overcome the competition, ongoing research and development efforts are focused on improving the performance, stability, and scalability of organic materials and devices and developing new manufacturing techniques. Increasing market demand, technological advancements, and collaborations between industry and academia are expected to drive the growth and adoption of organic electronics, leading to a more competitive position in the electronic devices market. Organic Electronics Market Ecosystem The organic electronic market ecosystem consists of various entities and components that contribute to developing, producing, distributing, and utilizing organic electronic products. Dominant companies in this market include Merck KGaA (Germany), BASF SE (Germany), Covestro (Germany), DuPont (US), AUO Corporation (Taiwan), Sony Corporation (Japan), Samsung Display (South Korea), LG Display Co., Ltd. (South Korea), Sumitomo Chemical Co., Ltd. (Japan), Universal Display Corporation (US), Konica Minolta, Inc. (Japan), and Novaled GmbH (Germany). By material, semiconductor material to account for the largest share of the organic electronics market Semiconductor materials dominate the organic electronics market, accounting for a significant portion of the market share. Semiconductor materials are vital for the fabrication of various organic electronic devices, including OLED displays and organic photovoltaic cells. Semiconductor materials in organic electronics primarily refer to organic semiconductors, which are carbon-based compounds with semiconducting properties, such as polymers. These materials possess the ability to transport charge carriers (electrons or holes) within the device structure. In OLED displays, organic semiconductors are used to create the emissive layers responsible for generating light when an electric current passes through them. These semiconductors enable the precise control of charge carriers, allowing for the production of vibrant colors and efficient light emission. Similarly, in organic photovoltaic cells (OPV), semiconductor materials are crucial for absorbing and converting light energy into electrical energy. Organic semiconductors act as the active layer in OPV devices, capturing photons and generating electron-hole pairs that lead to electricity production. The dominance of semiconductor materials in the organic electronics market stems from their indispensable role in the functionality of key devices. As a result, research and development efforts continue to focus on optimizing semiconductor materials, improving their charge transport properties, stability, and efficiency to enhance the performance of organic electronic devices. By application, the display segment is expected to account for the largest share during the forecast period The display applications represent the largest market segment for organic electronics. The popularity of OLED displays has significantly contributed to the growth of the organic electronics market, particularly in consumer electronic devices like smartphones, televisions, and laptops. OLED displays offer numerous advantages over traditional display technologies, including LCD (Liquid Crystal Display). They provide vibrant colors, high contrast ratios, wide viewing angles, fast response times, and the ability to achieve thin and flexible form factors. These features have made OLED displays increasingly popular among consumers, driving the demand for organic electronic materials and components. OLED displays have witnessed widespread adoption in the smartphone industry, with major manufacturers incorporating them into their flagship devices. The superior image quality, energy efficiency, and slim designs of OLED displays have contributed to their popularity in smartphones. Additionally, OLED displays have found significant applications in the television industry. The ability to produce deep blacks and vibrant colors, along with the flexibility in design, has led to the production of high-quality OLED televisions. Furthermore, OLED displays have made their way into laptops, tablets, smartwatches, and other wearable devices. OLED displays' lightweight and flexible nature make them ideal for portable devices where form factor and energy efficiency are critical. The growing demand for OLED displays in these various devices has propelled the expansion of the organic electronics market, with display applications being the largest segment. As technology advances, OLED displays are expected to penetrate further into different sectors and drive the growth of the organic electronics market. Asia Pacific region is the largest market for organic electronics. This is primarily attributed to the presence of major electronics manufacturing countries within the region, including China, Japan, and South Korea. China, in particular, has emerged as a global hub for electronics manufacturing, with a vast consumer base and a well-established supply chain. The country’s large-scale production capabilities and cost-effective manufacturing processes have contributed to its dominance in the organic electronics market. China's robust electronics industry supports the production of a wide range of devices, including smartphones, televisions, and wearable devices, which are major applications for organic electronic components like OLED displays. On the other hand, Japan has a long-standing reputation for technological innovation and is a major player in the electronics industry. The country has been at the forefront of organic electronics research and development, contributing to advancements in the field. Japanese companies have played a significant role in commercializing organic electronic devices, particularly in display applications. South Korea is another key player in the Asia Pacific organic electronics market. The country is known for its major electronics conglomerates that have significantly contributed to developing and producing organic electronic devices. South Korean companies have been pioneers in the mass production of OLED displays, driving the growth of the organic electronics market. The strong presence of these electronics manufacturing countries, along with their investment in research and development, infrastructure, and production capabilities, has propelled the Asia Pacific region to become the largest market for organic electronics. The region's dominant position is expected to continue as demand for electronic devices and the adoption of organic electronic technologies further increase in the coming years. Recent Developments In June 2023, Kaynemaile, a renowned worldwide provider of architectural mesh solutions for commercial, residential, and public buildings, has chosen Covestro's Makrolon RE for its innovative (resin) RE bio-circular architectural mesh. Makrolon RE, a sustainable polycarbonate material, has been selected by Kaynemaile to enhance their architectural mesh offerings' performance and environmental credentials. In May 2023, Merck introduced new silicon dielectrics processed ALD technology, enabling flexible OLEDs in superior display devices. The increasing popularity of free-form devices featuring fully flexible OLED displays highlights a significant trend in data-driven electronics. In April 2023, LAPP, a leading provider of integrated cable and connection technology solutions, partnered with BASF to incorporate a new bio-based plastic into their product range. This plastic, known as Organic ETHERLINE, is developed by BASF and offers a sustainable alternative for various cable applications. In January 2023, LG Display Co, Ltd. launched advanced automotive displays utilizing their P-OLED and LTPS LCD. The displays will provide enhanced picture quality, high resolution and wide viewing angle. The automotive P-OLED is based on Tandem technology, that uses two organic light emitting layers to offer greater brightness and durability than single-layered OLED. In December 2022, AUO Display Technology has partnered with Renovatio-pictures, a Hollywood-based visual effects company, to create a new production solution for the Taiwanese film industry. The solution combines AUO's high-quality display technology with Renovatio-pictures’ expertise in visual effects to create a more immersive and realistic viewing experience for audiences. KEY MARKET SEGMENTS By Material: Semiconductor Conductive Dielectric Substrate By Application: Display Lighting Solar Cells System Components Others By End User: Consumer Electronics Healthcare Automotive Energy Aerospace & Defense Others By Region: North America Europe Asia Pacific Rest of the World KEY MARKET PLAYERS Merck KGaA BASF SE Covestro AG DuPont AUO Corporation Sony Corporation Samsung Display Lg Display Co., Ltd. Sumitomo Chemical Co., Ltd. Universal Display Corporation
Customization scope	Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

Market Estimation for 20+ Countries
Historical data coverage: 2016 to 2022
Growth projections: 2022 to 2028
SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures, 10+ matrix
Global and Country Market Trends
Comprehensive Mapping of Industry Parameters
Attractive Investment Proposition
Competitive Strategies Adopted by Leading Market Participants
Market drivers, restraints, opportunities, and its impact on the market
Regulatory scenario, regional dynamics, and insights of leading countries in each region
Segment trends analysis, opportunity, and growth
Opportunity analysis by region and country
Porter's five force analysis to know the market's condition
Pricing analysis
Parent market analysis
Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

Exhibit: Executive Summary – Chart on Market Overview
Exhibit: Executive Summary – Data Table on Market Overview
Exhibit: Executive Summary – Chart on Organic Electronics Market Characteristics
Exhibit: Executive Summary – Chart on Market by Geography
Exhibit: Executive Summary – Chart on Market Segmentation
Exhibit: Executive Summary – Chart on Incremental Growth
Exhibit: Executive Summary – Data Table on Incremental Growth
Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
  - Drivers
  - Opportunities
  - Restraints
  - Challenges
SWOT Analysis

KEY MARKET INSIGHTS

Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
Macroeconomic Indicators

COVID IMPACT

Introduction
Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
Revised Market Size
- Exhibit: Data Table on Organic Electronics Market size and forecast 2021-2027 ($ million)
Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
  - Drivers
  - Opportunities
  - Restraints
  - Challenges
Regulatory Landscape
- Exhibit: Data Table on regulation from different region
SWOT Analysis
Porters Analysis
- Competitive rivalry
  - Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
  - Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
  - Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
  - Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
  - Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Market Size by Region

Chart on Market share by geography 2021-2027 (%)
Data Table on Market share by geography 2021-2027(%)
North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- France
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- India
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
  - Exhibit: Chart on Market share 2021-2027 (%)
  - Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

Competitive Landscape
- Total number of companies covered
  - Exhibit: companies covered in the report, 2021
- Top companies market positioning
  - Exhibit: company positioning matrix, 2021
- Top companies market Share
  - Exhibit: Pie chart analysis on company market share, 2021(%)
organic electronics market is projected to grow from USD 59.9 billion in 2023 to USD 142.1 billion by 2028, registering a CAGR of 18.9% during the forecast period. The organic electronics market has experienced significant growth driven by rising adoption of OLED displays in various applications, rising demand for flexible and lightweight devices, and emerging applications in the automotive and healthcare industries. These factors have collectively contributed to the expansion of the market, as organic electronic devices offer unique advantages and cater to evolving consumer needs in various industries. Continued research and development efforts, along with new market-driven technologies such as, mini-LED and micro-LED, are expected to further propel the growth of the organic electronics market in the coming years.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Driver: Surging adoption of OLED displays in various applications
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
The surging demand for OLED (Organic Light-Emitting Diode) displays in various applications has been a key driver of the growth in the organic electronics market. OLED displays offer numerous advantages over traditional display technologies, such as LCD (Liquid Crystal Display), including superior image quality, vibrant colors, high contrast ratios, wide viewing angles, and fast response times. OLED displays have gained significant popularity in the consumer electronics industry, with smartphones, televisions, and wearable devices being major applications. The demand for smartphones with OLED displays has grown substantially due to their slim form factor, energy efficiency, and ability to produce deep blacks and vibrant colors. Similarly, OLED televisions have garnered attention for their high picture quality and flexibility in design.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
In addition to consumer electronics, OLED displays are finding applications in other industries. Due to their customizable designs and improved visibility, automotive manufacturers are incorporating OLED displays in vehicle dashboards, infotainment systems, and lighting solutions. The lighting industry is also adopting OLED technology for energy-efficient and aesthetically pleasing lighting solutions. The increasing adoption of OLED displays in various applications has driven the demand for organic electronic materials and components. Manufacturers are investing in research and development to improve OLED displays' performance, efficiency, and durability. Efforts are underway to increase the lifespan of OLED panels and reduce manufacturing costs to make them more accessible to a wider range of applications. Overall, the surging demand for OLED displays in various sectors is a significant driving force behind the growth of the organic electronics market. As technology advances and production costs decrease, OLED displays are expected to penetrate different industries further, propelling the expansion of the organic electronics market.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Restraint: Limited market penetration
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
The limited market penetration of organic electronic devices can be attributed to several factors, including the technology’s relative immaturity and cost considerations. Organic electronics are still in the early stages of development, and while their performance and stability are improving, they have not yet reached the same level as traditional inorganic electronics. This can create reluctance among consumers and manufacturers to fully adopt organic electronic devices. Additionally, the production processes for organic electronics, such as printing or coating, are not as streamlined or cost-effective as those for inorganic electronics. As a result, the manufacturing costs of organic electronic devices can be higher, making them less competitive in terms of pricing. Achieving economies of scale becomes challenging due to the limited market size and the need for significant investments in research, development, and manufacturing infrastructure. However, ongoing advancements and increasing investments in the field are expected to address these limitations and gradually expand the market for organic electronic devices.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Opportunity: Developing new applications in the consumer electronic industry
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Organic electronic devices are paving the way for exciting new applications. Flexible displays like foldable smartphones and curved OLED screens are revolutionizing the consumer electronics industry by offering unique form factors and enhanced user experiences. Additionally, organic electronic devices are being utilized to develop smart labels and packaging, enabling features like interactive product information, authentication, and real-time monitoring of product conditions. Another promising application is the integration of organic sensors into various industries, including healthcare, environmental monitoring, and smart homes. These sensors can detect and measure parameters like temperature, humidity, pressure, and chemical concentrations. By combining flexibility, lightweight design, and customizable properties, organic electronic devices drive innovation in multiple sectors and open up new possibilities for advanced electronics. The ongoing research and development efforts in organic electronics are expected to expand the range of applications further and accelerate the market penetration of these promising technologies.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Challenge: Competition from traditional electronic technologies
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Organic electronics face stiff competition from traditional electronic technologies, particularly silicon-based electronics. Silicon-based technologies have a significant advantage in terms of their technological maturity and established manufacturing processes. They have been extensively researched, optimized, and commercialized for decades, resulting in high-performance, reliable devices with well-established production yields. In contrast, organic electronics are still in the early stages of development, and their performance and stability are continually being improved. However, organic electronics offer unique advantages such as flexibility, lightweight, and low-cost manufacturing, which make them suitable for specific applications. To overcome the competition, ongoing research and development efforts are focused on improving the performance, stability, and scalability of organic materials and devices and developing new manufacturing techniques. Increasing market demand, technological advancements, and collaborations between industry and academia are expected to drive the growth and adoption of organic electronics, leading to a more competitive position in the electronic devices market.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Organic Electronics Market Ecosystem
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
The organic electronic market ecosystem consists of various entities and components that contribute to developing, producing, distributing, and utilizing organic electronic products. Dominant companies in this market include Merck KGaA (Germany), BASF SE (Germany), Covestro (Germany), DuPont (US), AUO Corporation (Taiwan), Sony Corporation (Japan), Samsung Display (South Korea), LG Display Co., Ltd. (South Korea), Sumitomo Chemical Co., Ltd. (Japan), Universal Display Corporation (US), Konica Minolta, Inc. (Japan), and Novaled GmbH (Germany).
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
By material, semiconductor material to account for the largest share of the organic electronics market
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Semiconductor materials dominate the organic electronics market, accounting for a significant portion of the market share. Semiconductor materials are vital for the fabrication of various organic electronic devices, including OLED displays and organic photovoltaic cells. Semiconductor materials in organic electronics primarily refer to organic semiconductors, which are carbon-based compounds with semiconducting properties, such as polymers. These materials possess the ability to transport charge carriers (electrons or holes) within the device structure. In OLED displays, organic semiconductors are used to create the emissive layers responsible for generating light when an electric current passes through them. These semiconductors enable the precise control of charge carriers, allowing for the production of vibrant colors and efficient light emission. Similarly, in organic photovoltaic cells (OPV), semiconductor materials are crucial for absorbing and converting light energy into electrical energy. Organic semiconductors act as the active layer in OPV devices, capturing photons and generating electron-hole pairs that lead to electricity production.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
The dominance of semiconductor materials in the organic electronics market stems from their indispensable role in the functionality of key devices. As a result, research and development efforts continue to focus on optimizing semiconductor materials, improving their charge transport properties, stability, and efficiency to enhance the performance of organic electronic devices.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
By application, the display segment is expected to account for the largest share during the forecast period
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
The display applications represent the largest market segment for organic electronics. The popularity of OLED displays has significantly contributed to the growth of the organic electronics market, particularly in consumer electronic devices like smartphones, televisions, and laptops. OLED displays offer numerous advantages over traditional display technologies, including LCD (Liquid Crystal Display). They provide vibrant colors, high contrast ratios, wide viewing angles, fast response times, and the ability to achieve thin and flexible form factors. These features have made OLED displays increasingly popular among consumers, driving the demand for organic electronic materials and components. OLED displays have witnessed widespread adoption in the smartphone industry, with major manufacturers incorporating them into their flagship devices. The superior image quality, energy efficiency, and slim designs of OLED displays have contributed to their popularity in smartphones.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Additionally, OLED displays have found significant applications in the television industry. The ability to produce deep blacks and vibrant colors, along with the flexibility in design, has led to the production of high-quality OLED televisions. Furthermore, OLED displays have made their way into laptops, tablets, smartwatches, and other wearable devices. OLED displays' lightweight and flexible nature make them ideal for portable devices where form factor and energy efficiency are critical. The growing demand for OLED displays in these various devices has propelled the expansion of the organic electronics market, with display applications being the largest segment. As technology advances, OLED displays are expected to penetrate further into different sectors and drive the growth of the organic electronics market.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Asia Pacific region is the largest market for organic electronics. This is primarily attributed to the presence of major electronics manufacturing countries within the region, including China, Japan, and South Korea. China, in particular, has emerged as a global hub for electronics manufacturing, with a vast consumer base and a well-established supply chain. The country’s large-scale production capabilities and cost-effective manufacturing processes have contributed to its dominance in the organic electronics market. China's robust electronics industry supports the production of a wide range of devices, including smartphones, televisions, and wearable devices, which are major applications for organic electronic components like OLED displays.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
On the other hand, Japan has a long-standing reputation for technological innovation and is a major player in the electronics industry. The country has been at the forefront of organic electronics research and development, contributing to advancements in the field. Japanese companies have played a significant role in commercializing organic electronic devices, particularly in display applications. South Korea is another key player in the Asia Pacific organic electronics market. The country is known for its major electronics conglomerates that have significantly contributed to developing and producing organic electronic devices. South Korean companies have been pioneers in the mass production of OLED displays, driving the growth of the organic electronics market.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
The strong presence of these electronics manufacturing countries, along with their investment in research and development, infrastructure, and production capabilities, has propelled the Asia Pacific region to become the largest market for organic electronics. The region's dominant position is expected to continue as demand for electronic devices and the adoption of organic electronic technologies further increase in the coming years.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Recent Developments
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
In June 2023, Kaynemaile, a renowned worldwide provider of architectural mesh solutions for commercial, residential, and public buildings, has chosen Covestro's Makrolon RE for its innovative (resin) RE bio-circular architectural mesh. Makrolon RE, a sustainable polycarbonate material, has been selected by Kaynemaile to enhance their architectural mesh offerings' performance and environmental credentials.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
In May 2023, Merck introduced new silicon dielectrics processed ALD technology, enabling flexible OLEDs in superior display devices. The increasing popularity of free-form devices featuring fully flexible OLED displays highlights a significant trend in data-driven electronics.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
In April 2023, LAPP, a leading provider of integrated cable and connection technology solutions, partnered with BASF to incorporate a new bio-based plastic into their product range. This plastic, known as Organic ETHERLINE, is developed by BASF and offers a sustainable alternative for various cable applications.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
In January 2023, LG Display Co, Ltd. launched advanced automotive displays utilizing their P-OLED and LTPS LCD. The displays will provide enhanced picture quality, high resolution and wide viewing angle. The automotive P-OLED is based on Tandem technology, that uses two organic light emitting layers to offer greater brightness and durability than single-layered OLED.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
In December 2022, AUO Display Technology has partnered with Renovatio-pictures, a Hollywood-based visual effects company, to create a new production solution for the Taiwanese film industry. The solution combines AUO's high-quality display technology with Renovatio-pictures’ expertise in visual effects to create a more immersive and realistic viewing experience for audiences.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
KEY MARKET SEGMENTS
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
By Material:
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Semiconductor
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Conductive
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Dielectric
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Substrate
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
By Application:
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Display
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Lighting
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Solar Cells
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
System Components
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Others
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
By End User:
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Consumer Electronics
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Healthcare
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Automotive
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Energy
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Aerospace & Defense
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Others
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
By Region:
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
North America
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Europe
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Asia Pacific
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Rest of the World
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
KEY MARKET PLAYERS
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Merck KGaA
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
BASF SE
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Covestro AG
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
DuPont
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
AUO Corporation
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Sony Corporation
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Samsung Display
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Lg Display Co., Ltd.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Sumitomo Chemical Co., Ltd.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
Universal Display Corporation
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments

Methodology

For the Organic Electronics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Organic Electronics Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Organic Electronics Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Organic Electronics Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

Organic Electronics Market Report Snapshots

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FAQs

The global market for Organic Electronics was estimated to be valued at US$ XX Mn in 2021.

The global Organic Electronics Market is estimated to grow at a CAGR of XX% by 2028.

The global Organic Electronics Market is segmented on the basis of Material:, Application:, End User:, Region:.

Based on region, the global Organic Electronics Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Organic Electronics Market are organic electronics market is projected to grow from USD 59.9 billion in 2023 to USD 142.1 billion by 2028, registering a CAGR of 18.9% during the forecast period. The organic electronics market has experienced significant growth driven by rising adoption of OLED displays in various applications, rising demand for flexible and lightweight devices, and emerging applications in the automotive and healthcare industries. These factors have collectively contributed to the expansion of the market, as organic electronic devices offer unique advantages and cater to evolving consumer needs in various industries. Continued research and development efforts, along with new market-driven technologies such as, mini-LED and micro-LED, are expected to further propel the growth of the organic electronics market in the coming years. , Driver: Surging adoption of OLED displays in various applications , The surging demand for OLED (Organic Light-Emitting Diode) displays in various applications has been a key driver of the growth in the organic electronics market. OLED displays offer numerous advantages over traditional display technologies, such as LCD (Liquid Crystal Display), including superior image quality, vibrant colors, high contrast ratios, wide viewing angles, and fast response times. OLED displays have gained significant popularity in the consumer electronics industry, with smartphones, televisions, and wearable devices being major applications. The demand for smartphones with OLED displays has grown substantially due to their slim form factor, energy efficiency, and ability to produce deep blacks and vibrant colors. Similarly, OLED televisions have garnered attention for their high picture quality and flexibility in design. , In addition to consumer electronics, OLED displays are finding applications in other industries. Due to their customizable designs and improved visibility, automotive manufacturers are incorporating OLED displays in vehicle dashboards, infotainment systems, and lighting solutions. The lighting industry is also adopting OLED technology for energy-efficient and aesthetically pleasing lighting solutions. The increasing adoption of OLED displays in various applications has driven the demand for organic electronic materials and components. Manufacturers are investing in research and development to improve OLED displays' performance, efficiency, and durability. Efforts are underway to increase the lifespan of OLED panels and reduce manufacturing costs to make them more accessible to a wider range of applications. Overall, the surging demand for OLED displays in various sectors is a significant driving force behind the growth of the organic electronics market. As technology advances and production costs decrease, OLED displays are expected to penetrate different industries further, propelling the expansion of the organic electronics market. , Restraint: Limited market penetration , The limited market penetration of organic electronic devices can be attributed to several factors, including the technology’s relative immaturity and cost considerations. Organic electronics are still in the early stages of development, and while their performance and stability are improving, they have not yet reached the same level as traditional inorganic electronics. This can create reluctance among consumers and manufacturers to fully adopt organic electronic devices. Additionally, the production processes for organic electronics, such as printing or coating, are not as streamlined or cost-effective as those for inorganic electronics. As a result, the manufacturing costs of organic electronic devices can be higher, making them less competitive in terms of pricing. Achieving economies of scale becomes challenging due to the limited market size and the need for significant investments in research, development, and manufacturing infrastructure. However, ongoing advancements and increasing investments in the field are expected to address these limitations and gradually expand the market for organic electronic devices. , Opportunity: Developing new applications in the consumer electronic industry , Organic electronic devices are paving the way for exciting new applications. Flexible displays like foldable smartphones and curved OLED screens are revolutionizing the consumer electronics industry by offering unique form factors and enhanced user experiences. Additionally, organic electronic devices are being utilized to develop smart labels and packaging, enabling features like interactive product information, authentication, and real-time monitoring of product conditions. Another promising application is the integration of organic sensors into various industries, including healthcare, environmental monitoring, and smart homes. These sensors can detect and measure parameters like temperature, humidity, pressure, and chemical concentrations. By combining flexibility, lightweight design, and customizable properties, organic electronic devices drive innovation in multiple sectors and open up new possibilities for advanced electronics. The ongoing research and development efforts in organic electronics are expected to expand the range of applications further and accelerate the market penetration of these promising technologies. , Challenge: Competition from traditional electronic technologies , Organic electronics face stiff competition from traditional electronic technologies, particularly silicon-based electronics. Silicon-based technologies have a significant advantage in terms of their technological maturity and established manufacturing processes. They have been extensively researched, optimized, and commercialized for decades, resulting in high-performance, reliable devices with well-established production yields. In contrast, organic electronics are still in the early stages of development, and their performance and stability are continually being improved. However, organic electronics offer unique advantages such as flexibility, lightweight, and low-cost manufacturing, which make them suitable for specific applications. To overcome the competition, ongoing research and development efforts are focused on improving the performance, stability, and scalability of organic materials and devices and developing new manufacturing techniques. Increasing market demand, technological advancements, and collaborations between industry and academia are expected to drive the growth and adoption of organic electronics, leading to a more competitive position in the electronic devices market. , Organic Electronics Market Ecosystem , The organic electronic market ecosystem consists of various entities and components that contribute to developing, producing, distributing, and utilizing organic electronic products. Dominant companies in this market include Merck KGaA (Germany), BASF SE (Germany), Covestro (Germany), DuPont (US), AUO Corporation (Taiwan), Sony Corporation (Japan), Samsung Display (South Korea), LG Display Co., Ltd. (South Korea), Sumitomo Chemical Co., Ltd. (Japan), Universal Display Corporation (US), Konica Minolta, Inc. (Japan), and Novaled GmbH (Germany). , By material, semiconductor material to account for the largest share of the organic electronics market , Semiconductor materials dominate the organic electronics market, accounting for a significant portion of the market share. Semiconductor materials are vital for the fabrication of various organic electronic devices, including OLED displays and organic photovoltaic cells. Semiconductor materials in organic electronics primarily refer to organic semiconductors, which are carbon-based compounds with semiconducting properties, such as polymers. These materials possess the ability to transport charge carriers (electrons or holes) within the device structure. In OLED displays, organic semiconductors are used to create the emissive layers responsible for generating light when an electric current passes through them. These semiconductors enable the precise control of charge carriers, allowing for the production of vibrant colors and efficient light emission. Similarly, in organic photovoltaic cells (OPV), semiconductor materials are crucial for absorbing and converting light energy into electrical energy. Organic semiconductors act as the active layer in OPV devices, capturing photons and generating electron-hole pairs that lead to electricity production. , The dominance of semiconductor materials in the organic electronics market stems from their indispensable role in the functionality of key devices. As a result, research and development efforts continue to focus on optimizing semiconductor materials, improving their charge transport properties, stability, and efficiency to enhance the performance of organic electronic devices. , By application, the display segment is expected to account for the largest share during the forecast period , The display applications represent the largest market segment for organic electronics. The popularity of OLED displays has significantly contributed to the growth of the organic electronics market, particularly in consumer electronic devices like smartphones, televisions, and laptops. OLED displays offer numerous advantages over traditional display technologies, including LCD (Liquid Crystal Display). They provide vibrant colors, high contrast ratios, wide viewing angles, fast response times, and the ability to achieve thin and flexible form factors. These features have made OLED displays increasingly popular among consumers, driving the demand for organic electronic materials and components. OLED displays have witnessed widespread adoption in the smartphone industry, with major manufacturers incorporating them into their flagship devices. The superior image quality, energy efficiency, and slim designs of OLED displays have contributed to their popularity in smartphones. , Additionally, OLED displays have found significant applications in the television industry. The ability to produce deep blacks and vibrant colors, along with the flexibility in design, has led to the production of high-quality OLED televisions. Furthermore, OLED displays have made their way into laptops, tablets, smartwatches, and other wearable devices. OLED displays' lightweight and flexible nature make them ideal for portable devices where form factor and energy efficiency are critical. The growing demand for OLED displays in these various devices has propelled the expansion of the organic electronics market, with display applications being the largest segment. As technology advances, OLED displays are expected to penetrate further into different sectors and drive the growth of the organic electronics market. , Asia Pacific region is the largest market for organic electronics. This is primarily attributed to the presence of major electronics manufacturing countries within the region, including China, Japan, and South Korea. China, in particular, has emerged as a global hub for electronics manufacturing, with a vast consumer base and a well-established supply chain. The country’s large-scale production capabilities and cost-effective manufacturing processes have contributed to its dominance in the organic electronics market. China's robust electronics industry supports the production of a wide range of devices, including smartphones, televisions, and wearable devices, which are major applications for organic electronic components like OLED displays. , On the other hand, Japan has a long-standing reputation for technological innovation and is a major player in the electronics industry. The country has been at the forefront of organic electronics research and development, contributing to advancements in the field. Japanese companies have played a significant role in commercializing organic electronic devices, particularly in display applications. South Korea is another key player in the Asia Pacific organic electronics market. The country is known for its major electronics conglomerates that have significantly contributed to developing and producing organic electronic devices. South Korean companies have been pioneers in the mass production of OLED displays, driving the growth of the organic electronics market. , The strong presence of these electronics manufacturing countries, along with their investment in research and development, infrastructure, and production capabilities, has propelled the Asia Pacific region to become the largest market for organic electronics. The region's dominant position is expected to continue as demand for electronic devices and the adoption of organic electronic technologies further increase in the coming years. , Recent Developments , In June 2023, Kaynemaile, a renowned worldwide provider of architectural mesh solutions for commercial, residential, and public buildings, has chosen Covestro's Makrolon RE for its innovative (resin) RE bio-circular architectural mesh. Makrolon RE, a sustainable polycarbonate material, has been selected by Kaynemaile to enhance their architectural mesh offerings' performance and environmental credentials. , In May 2023, Merck introduced new silicon dielectrics processed ALD technology, enabling flexible OLEDs in superior display devices. The increasing popularity of free-form devices featuring fully flexible OLED displays highlights a significant trend in data-driven electronics. , In April 2023, LAPP, a leading provider of integrated cable and connection technology solutions, partnered with BASF to incorporate a new bio-based plastic into their product range. This plastic, known as Organic ETHERLINE, is developed by BASF and offers a sustainable alternative for various cable applications. , In January 2023, LG Display Co, Ltd. launched advanced automotive displays utilizing their P-OLED and LTPS LCD. The displays will provide enhanced picture quality, high resolution and wide viewing angle. The automotive P-OLED is based on Tandem technology, that uses two organic light emitting layers to offer greater brightness and durability than single-layered OLED. , In December 2022, AUO Display Technology has partnered with Renovatio-pictures, a Hollywood-based visual effects company, to create a new production solution for the Taiwanese film industry. The solution combines AUO's high-quality display technology with Renovatio-pictures’ expertise in visual effects to create a more immersive and realistic viewing experience for audiences. , KEY MARKET SEGMENTS , By Material: , Semiconductor , Conductive , Dielectric , Substrate , By Application: , Display , Lighting , Solar Cells , System Components , Others , By End User: , Consumer Electronics , Healthcare , Automotive , Energy , Aerospace & Defense , Others , By Region: , North America , Europe , Asia Pacific , Rest of the World, KEY MARKET PLAYERS , Merck KGaA , BASF SE , Covestro AG , DuPont , AUO Corporation , Sony Corporation , Samsung Display , Lg Display Co., Ltd. , Sumitomo Chemical Co., Ltd. , Universal Display Corporation.

Organic Electronics Market Size, Share, Growth Analysis, By Material:(Semiconductor, Conductive), By Application:(Display, Lighting), By End User:(Consumer Electronics, Healthcare), By Region:(North America, Europe) - Industry Forecast 2024-2031

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Organic Electronics Market Size, Share, Growth Analysis, By Material:(Semiconductor, Conductive), By Application:(Display, Lighting), By End User:(Consumer Electronics, Healthcare), By Region:(North America, Europe) - Industry Forecast 2024-2031

Organic Electronics Market Insights

Market Overview:

Segmentation Analysis:

Regional Analysis:

Organic Electronics Market : Risk Analysis

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Key Players Covered in the Report:

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