Growing demand for consumer electronics and increasing focus on integrating advanced features at lower cost
— Emerging research
VANCOUVER, BC, CANADA, May 18, 2022 /EINPresswire.com/ — The global organic electronics market size is expected to reach USD 178.25 billion at a stable CAGR of 15.4% in 2028, according to the latest analysis from Emergen Research.
The steady growth in market revenue can be attributed to the growing demand for consumer electronics products and the growing focus on integrating advanced features at a reduced cost. Organic electronics offer several other advantages over electronic products based on inorganic materials such as silicon and gallium arsenide. For example, organic semiconductors, in addition to being light and economical, offer mechanical flexibility and the possibility of chemical modifications. In addition, organic electronic materials consume less energy.
Moreover, an important property of devices based on organic materials is that they can be produced at room temperature, which allows economical integration of large-area electronic functions on flexible substrates.
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The report also studies the leading companies of the Organic Electronics market along with the analysis of their business strategies, mergers and acquisitions activities, investment plans, product portfolio, financial status, gross profit margin, and capacities. of production and manufacturing. Some players analyzed in the report are:
Covestro AG, Novaled GmbH, Koninklijke Philips NV, Sumitomo Corporation, BASF SE, Siemens AG, LG Display Co. Ltd., Universal Display Corporation, Samsung Display Co. Ltd. and Evonik Industries.
In July 2019, Sumitomo Chemical and Isorg, a leading supplier of organic photodetector devices and large area image sensors, announced a collaboration agreement for the development of organic photodetector devices for use in organic CMOS image sensors and fingerprint sensors in smartphones. .
Organic semiconductors find wide application in lighting and display applications of organic light emitting diodes, thin film batteries, electronic paper, organic photovoltaics, supercapacitors and sensors.
Organic electronic displays are made of an organic film to generate light energy by phosphorescence instead of deploying a backlight. Organic electronic display devices such as OLEDs offer several advantages over LCDs, such as greatly reduced screen thickness, improved image quality with improved contrast, viewing angle, range of wider colors, increased brightness and better refresh rates. Additionally, the simpler design of OLEDs allows for bendable, flexible, and transparent displays.
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The report further splits the organic electronics market into key segments such as types, applications, end-user industries, technologies, and key market regions. The report also sheds light on the segment and region exhibiting promising growth in the Organic Electronics market.
Emergen Research has segmented the global organic electronics market based on material type, application, and region:
Material Type Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
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Regional analysis includes an in-depth study of key geographic regions to better understand the market and provide accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Regional analysis covers analysis of key market segments, including Revenue, CAGR, Import/Export, Supply & Demand Report, Production & Consumption Report, Analysis of the industrial chain and market dynamics in each region of the geographies.
Key questions answered by the report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements in the market?
What are the key strategies adopted by the leading players in the Organic Electronics market?
What are the main product types and applications of the organic electronics industry?
What is the result of the SWOT analysis and Porter’s five forces analysis?
How is the Competitive Landscape of the Organic Electronics Market?
Who are the major players in the industry?
What is the growth rate of the industry in the coming years?
What will be the valuation of the organic electronics market by 2028?
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Organic Electronics Market Demand 2028