Organic Electronics Market size was valued at USD 59.5 billion in 2022 and is expected to grow to USD 234.48 billion by 2030 and grow at a CAGR of 18.7% over the forecast period of 2023-2030.
The organic electronics industry in Europe has the second-largest market share as a result of a rise in consumer disposable income. The organic electronics market in Europe also saw the highest growth in the UK, while the largest market share was held by Germany. The organic electronics market in Asia-Pacific is predicted to grow at the fastest CAGR between 2023 and 2032. The continued global expansion of the consumer electronics industry and the rising standard of living of consumers are to blame for this. Additionally, China's organic electronics market had the largest market share and India's organic electronics sector had the fastest growing market in the Asia-Pacific region. Conductors, dielectric, luminous materials, and electrochromic materials are included in the segmentation of the organic electronics market based on materials. An important portion of the global market is occupied by the dielectric category. A dielectric substance is one that prevents the flow of an electric current. Electronic equipment frequently uses dielectrics as insulators. Fiberglass, plastic, and ceramic are examples of dielectric materials. Additionally, they exist in their unaltered states in places like air and water. Inorganic dielectrics include rare-earth elements, transition metal oxides, and sulphides. Compounds with a carbon structure are used to make organic dielectrics. The two options are artificial or natural. Oils, polymers, and resins are typical organic dielectrics.
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Rise in demand of the use of technology that promote sustainable development
The rate of acceptance and development of environmentally friendly technologies has increased throughout time. The usage of biodegradable materials for technological advancements like OLEDs and the utilization of renewable energy sources like organic batteries are increasing demand for organic electronics. Also, organic electronics use less energy to operate, delivering energy-saving remedies.
RESTRAIN:
Only a small market penetration
The relatively infancy of the technology and cost considerations are two reasons for the low market penetration of organic electrical devices. Although their performance and stability are growing, organic electronics are still in the early phases of development and are not yet at the same level as conventional inorganic electronics. Because of this, consumers and manufacturers could be reluctant to fully adopt organic electrical products. Additionally, organic electronics production procedures like printing and coating are not as streamlined or economical as their inorganic counterparts. As a result, organic electrical devices may have greater production costs, which would reduce their pricing competitiveness. Due to the small market, achieving economies of scale becomes problematic.
OPPORTUNITY:
The creation of cutting-edge technology requires organic electronics
The development of organic electronics has raised consumer electronics' demand for it. When opposed to inorganic material, organic electronics has the advantages of being flexible and lightweight, which manufacturers and developers can take advantage of. As a result, products with more modern, sophisticated designs, such as foldable smartphones and curved-display TVs, can be equipped with organic batteries and organic films for displays.
Rising consumer demand
CHALLENGES:
Competition from conventional electronic technologies
Traditional electronic technologies, particularly silicon-based electronics, pose a serious threat to organic electronics. Due to their technological maturity and well-established production techniques, silicon-based technologies offer a clear advantage. They have undergone years of intensive study, optimization, and commercialization, yielding high-performance, dependable devices with proven production yields. Organic electronics, on the other hand, are still in the early phases of development, and improvements are being made to both their performance and stability. However, organic electronics have certain benefits that make them suited for particular applications, such as flexibility, light weight, and affordable manufacture. Current research and development efforts are concentrated on enhancing the functionality, stability, and scalability of organic materials and devices as well as creating new production processes in order to outperform the competition.
India's primary historically has been Russia. In the period of January to December 2021, India's exports to Russia totalled $3.3 billion, while its imports totalled $8.5 billion. Pharma, organic chemicals, equipment, electrical & electronics, auto components, and clothing are some of the main exports. Petroleum and gas, gems and jewellery, fertilizers, iron and steel, and paper are among the main imports. Notably, petrol goods make up half of the nation's imports from Russia. India's exports to Ukraine were worth $509 million and its imports were worth $2.6 billion from January to December 2021. Micro, small, and medium-sized businesses (MSMEs) in the nation have plenty of grounds to be concerned about the issue, as they are already dealing with the effects of the pandemic. Approximately 50% of the nation's small enterprises are outside deliveries. The crisis has many effects on MSMEs, according to Animesh Saxena, President of the Federation of Indian Micro and Small & Medium Enterprise (FISME). Energy costs are already soaring for MSMEs. These will increase even more. There are signs that oil corporations will raise prices after the nation's current elections are completed. As, manufacturing costs would increase in the exporting sector, where energy expenses are important.
IMPACT OF ONGOING RECESSION
Due to a 0.5% decline in GDP in the fourth quarter of last year, Germany, the fourth-largest economy in the world, is in recession and a decrease of 0.3% in the first three months of 2023. Commodities from the organic chemical, machinery, electronics, textile, footwear, iron and steel, and leather goods industries made up the majority of India's 4.4% of total exports to Germany in 2022.Despite being excessive Although it is too soon to say how the German recession will affect India's exports, the aforementioned sectors are likely to be the ones that suffer the most, he told PTI. He asserted that due to rising energy consumption, the recession that has been seen in Germany for two straight quarters is felt throughout the entire European Union. If the EU's biggest economy enters a recession, there will surely be pressures for overall decline. According to him, Germany is India's top export market, followed by the Netherlands, Belgium, Italy, and France, and makes up nearly 14% of total exports from India to the EU.
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
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South Asia and the Pacific are anticipated to have the greatest market shares in 2022, surpassing North America, which held a 35.2% share. CAGR with the highest growth rate is 32.7%. North America is home to a number of organic businesses that are creating organic electronic components, which will promote the industry's expansion. Additionally, North America has a substantial pharmaceutical, healthcare, and manufacturing sector industry, allowing the market to expand. For the purpose of producing electricity for national needs, solar cell and battery production is increasing across South Asia and the Pacific. This region also has a big market for consumer electronics. because of South Asia and the Pacific are the two regions with the fastest growth rates. Due to an increase in consumer disposable money, Europe's organic electronics sector has the second-largest market share. Additionally, the UK's organic electronics market grew the fastest in the European region, while Germany's organic electronics market had the biggest market share. From 2023 to 2030, the organic electronics market in Asia-Pacific is anticipated to expand at the quickest CAGR. This is brought on by the consumer electronics sector's ongoing global expansion and customers' improving standard of living. Additionally, the Indian organic electronics industry had the Asia-Pacific region's fastest expanding market and China's organic electronics market had the greatest market share.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of key players of Organic Electronics Market are Merck KGaA (Germany), BASF SE (Germany), Covestro AG (Germany), DuPont (US), AUO Corporation (Taiwan), Sony Corporation (Japan), Samsung Display (South Korea), Lg Display Co., Ltd. (South Korea), Sumitomo Chemical Co., Ltd. (Japan), and Universal Display Corporation (US) and other players are listed in a final report.
Merck KGaA (Germany)-Company Financial Analysis
In June 2023, Kaynemaile, a recognized international supplier of architectural mesh solutions for industrial, residential, and public structures, will use Makrolon RE from Covestro to create its cutting-edge RE bio-circular architectural mesh. Kaynemaile has chosen Makrolon RE, a sustainable polycarbonate material, to improve the functionality and environmental credentials of their architectural mesh solutions.
Flexible OLEDs in superior display devices are now possible thanks to Merck's innovative silicon dielectrics processed ALD technology, which was unveiled in May 2023. The growing acceptance of free-form gadgets with fully flexible OLED screens reveals a significant development in data-driven electronics.
To add a new bio-based plastic to their line of products, LAPP, a top supplier of integrated cable and connection technology solutions, teamed up with BASF in April 2023. This material, also known as Organic ETHERLINE, was created by BASF and provides a greener option for a number of cable applications.
Using P-OLED and LTPS LCD technology, LG Display Co. Ltd. introduced cutting-edge automobile displays in January 2023. The displays' improved picture quality, high resolution, and wide viewing angle will be provided by them. Tandem technology, which uses two organic light-emitting layers instead of one to provide more brightness and durability than single-layered OLED, is the foundation of vehicle P-OLED.
| Report Attributes | Details |
|
Market Size in 2022 |
US$ 59.5 billion |
|
Market Size by 2030 |
US$ 234.48 billion |
|
CAGR |
CAGR of 18.7% From 2023 to 2030 |
|
Base Year |
2022 |
|
Forecast Period |
2023-2030 |
|
Historical Data |
2019-2021 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key 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) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
|
Company Profiles |
Merck KGaA (Germany), BASF SE (Germany), Covestro AG (Germany), DuPont (US), AUO Corporation (Taiwan), Sony Corporation (Japan), Samsung Display (South Korea), LG Display Co., Ltd. (South Korea), Sumitomo Chemical Co., Ltd. (Japan), and Universal Display Corporation (US) |
|
Key Drivers |
•Rise in demand of the use of technology that promote sustainable development |
|
Market Restrain |
•Only a small market penetration |
The creation of cutting-edge technology requires organic electronics & Rising consumer demand.
Rise in demand of the use of technology that promote sustainable development.
Acia Pacific is fastest growing region in Organic Electronics Market
Organic Electronics Market size was valued at USD 59.5 billion in 2022
Organic Electronics Market is anticipated to expand by 18.7% from 2023 to 2030.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Organic Electronics Market Segmentation, By Material
8.1 Semiconductor
8.2 Conductive
8.3 Dielectric
8.4 Substrate
9. Organic Electronics Market Segmentation, By Application
9.1 Display
9.2 Lighting
9.3 Solar Cells
9.4 System Components
9.5 Others
10. Organic Electronics Market Segmentation, By End User
10.1 Consumer Electronics
10.2 Healthcare
10.3 Automotive
10.4 Energy
10.5 Aerospace & Defense
10.6 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Organic Electronics Market by Country
11.2.2North America Organic Electronics Market by Material
11.2.3 North America Organic Electronics Market by Application
11.2.4 North America Organic Electronics Market by End User
11.2.5 USA
11.2.5.1 USA Organic Electronics Market by Material
11.2.5.2 USA Organic Electronics Market by Application
11.2.5.3 USA Organic Electronics Market by End User
11.2.6 Canada
11.2.6.1 Canada Organic Electronics Market by Material
11.2.6.2 Canada Organic Electronics Market by Application
11.2.6.3 Canada Organic Electronics Market by End User
11.2.7 Mexico
11.2.7.1 Mexico Organic Electronics Market by Material
11.2.7.2 Mexico Organic Electronics Market by Application
11.2.7.3 Mexico Organic Electronics Market by End User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Organic Electronics Market by Country
11.3.1.2 Eastern Europe Organic Electronics Market by Material
11.3.1.3 Eastern Europe Organic Electronics Market by Application
11.3.1.4 Eastern Europe Organic Electronics Market by End User
11.3.1.5 Poland
11.3.1.5.1 Poland Organic Electronics Market by Material
11.3.1.5.2 Poland Organic Electronics Market by Application
11.3.1.5.3 Poland Organic Electronics Market by End User
11.3.1.6 Romania
11.3.1.6.1 Romania Organic Electronics Market by Material
11.3.1.6.2 Romania Organic Electronics Market by Application
11.3.1.6.4 Romania Organic Electronics Market by End User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Organic Electronics Market by Material
11.3.1.7.2 Turkey Organic Electronics Market by Application
11.3.1.7.3 Turkey Organic Electronics Market by End User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Organic Electronics Market by Material
11.3.1.8.2 Rest of Eastern Europe Organic Electronics Market by Application
11.3.1.8.3 Rest of Eastern Europe Organic Electronics Market by End User
11.3.2 Western Europe
11.3.2.1 Western Europe Organic Electronics Market by Material
11.3.2.2 Western Europe Organic Electronics Market by Application
11.3.2.3 Western Europe Organic Electronics Market by End User
11.3.2.4 Germany
11.3.2.4.1 Germany Organic Electronics Market by Material
11.3.2.4.2 Germany Organic Electronics Market by Application
11.3.2.4.3 Germany Organic Electronics Market by End User
11.3.2.5 France
11.3.2.5.1 France Organic Electronics Market by Material
11.3.2.5.2 France Organic Electronics Market by Application
11.3.2.5.3 France Organic Electronics Market by End User
11.3.2.6 UK
11.3.2.6.1 UK Organic Electronics Market by Material
11.3.2.6.2 UK Organic Electronics Market by Application
11.3.2.6.3 UK Organic Electronics Market by End User
11.3.2.7 Italy
11.3.2.7.1 Italy Organic Electronics Market by Material
11.3.2.7.2 Italy Organic Electronics Market by Application
11.3.2.7.3 Italy Organic Electronics Market by End User
11.3.2.8 Spain
11.3.2.8.1 Spain Organic Electronics Market by Material
11.3.2.8.2 Spain Organic Electronics Market by Application
11.3.2.8.3 Spain Organic Electronics Market by End User
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Organic Electronics Market by Material
11.3.2.9.2 Netherlands Organic Electronics Market by Application
11.3.2.9.3 Netherlands Organic Electronics Market by End User
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Organic Electronics Market by Material
11.3.2.10.2 Switzerland Organic Electronics Market by Application
11.3.2.10.3 Switzerland Organic Electronics Market by End User
11.3.2.11.1 Austria
11.3.2.11.2 Austria Organic Electronics Market by Material
11.3.2.11.3 Austria Organic Electronics Market by Application
11.3.2.11.4 Austria Organic Electronics Market by End User
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Organic Electronics Market by Material
11.3.2.12.2 Rest of Western Europe Organic Electronics Market by Application
11.3.2.12.3 Rest of Western Europe Organic Electronics Market by End User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Organic Electronics Market by Country
11.4.2 Asia-Pacific Organic Electronics Market by Material
11.4.3 Asia-Pacific Organic Electronics Market by Application
11.4.4 Asia-Pacific Organic Electronics Market by End User
11.4.5 China
11.4.5.1 China Organic Electronics Market by Material
11.4.5.2 China Organic Electronics Market by End User
11.4.5.3 China Organic Electronics Market by Application
11.4.6 India
11.4.6.1 India Organic Electronics Market by Material
11.4.6.2 India Organic Electronics Market by Application
11.4.6.3 India Organic Electronics Market by End User
11.4.7 Japan
11.4.7.1 Japan Organic Electronics Market by Material
11.4.7.2 Japan Organic Electronics Market by Application
11.4.7.3 Japan Organic Electronics Market by End User
11.4.8 South Korea
11.4.8.1 South Korea Organic Electronics Market by Material
11.4.8.2 South Korea Organic Electronics Market by Application
11.4.8.3 South Korea Organic Electronics Market by End User
11.4.9 Vietnam
11.4.9.1 Vietnam Organic Electronics Market by Material
11.4.9.2 Vietnam Organic Electronics Market by Application
11.4.9.3 Vietnam Organic Electronics Market by End User
11.4.10 Singapore
11.4.10.1 Singapore Organic Electronics Market by Material
11.4.10.2 Singapore Organic Electronics Market by Application
11.4.10.3 Singapore Organic Electronics Market by End User
11.4.11 Australia
11.4.11.1 Australia Organic Electronics Market by Material
11.4.11.2 Australia Organic Electronics Market by Application
11.4.11.3 Australia Organic Electronics Market by End User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Organic Electronics Market by Material
11.4.12.2 Rest of Asia-Pacific Organic Electronics Market by Application
11.4.12.3 Rest of Asia-Pacific Organic Electronics Market by End User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Organic Electronics Market by Country
11.5.1.2 Middle East Organic Electronics Market by Material
11.5.1.3 Middle East Organic Electronics Market by Application
11.5.1.4 Middle East Organic Electronics Market by End User
11.5.1.5 UAE
11.5.1.5.1 UAE Organic Electronics Market by Material
11.5.1.5.2 UAE Organic Electronics Market by Application
11.5.1.5.3 UAE Organic Electronics Market by End User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Organic Electronics Market by Material
11.5.1.6.2 Egypt Organic Electronics Market by Application
11.5.1.6.3 Egypt Organic Electronics Market by End User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Organic Electronics Market by Material
11.5.1.7.2 Saudi Arabia Organic Electronics Market by Application
11.5.1.7.3 Saudi Arabia Organic Electronics Market by End User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Organic Electronics Market by Material
11.5.1.8.2 Qatar Organic Electronics Market by Application
11.5.1.8.3 Qatar Organic Electronics Market by End User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Organic Electronics Market by Material
11.5.1.9.2 Rest of Middle East Organic Electronics Market by Application
11.5.1.9.3 Rest of Middle East Organic Electronics Market by End User
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Organic Electronics Market by Material
11.5.2.3 Africa Organic Electronics Market by Application
11.5.2.4 Africa Organic Electronics Market by End User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Organic Electronics Market by Material
11.5.2.5.2 Nigeria Organic Electronics Market by Application
11.5.2.5.3 Nigeria Organic Electronics Market by End User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Organic Electronics Market by Material
11.5.2.6.2 South Africa Organic Electronics Market by Application
11.5.2.6.3 South Africa Organic Electronics Market by End User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Organic Electronics Market by Material
11.5.2.7.2 Rest of Africa Organic Electronics Market by Application
11.5.2.7.3 Rest of Africa Organic Electronics Market by End User
11.6 Latin America
11.6.1 Latin America Organic Electronics Market by Country
11.6.2 Latin America Organic Electronics Market by Material
11.6.3 Latin America Organic Electronics Market by Application
11.6.4 Latin America Organic Electronics Market by End User
11.6.5 Brazil
11.6.5.1 Brazil America Organic Electronics Market by Material
11.6.5.2 Brazil America Organic Electronics Market by Application
11.6.5.3 Brazil America Organic Electronics Market by End User
11.6.6 Argentina
11.6.6.1 Argentina America Organic Electronics Market by Material
11.6.6.2 Argentina America Organic Electronics Market by Application
11.6.6.3 Argentina America Organic Electronics Market by End User
11.6.7 Colombia
11.6.7.1 Colombia America Organic Electronics Market by Material
11.6.7.2 Colombia America Organic Electronics Market by Application
11.6.7.3 Colombia America Organic Electronics Market by End User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Organic Electronics Market by Material
11.6.8.2 Rest of Latin America Organic Electronics Market by Application
11.6.8.3 Rest of Latin America Organic Electronics Market by End User
12. Company profile
12.1 Merck KGaA (Germany)
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 BASF SE (Germany)
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Covestro AG (Germany)
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 DuPont (US)
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 AUO Corporation (Taiwan)
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Sony Corporation (Japan)
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Samsung Display (South Korea)
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 LG Display Co., Ltd. (South Korea)
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Sumitomo Chemical Co., Ltd. (Japan)
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Universal Display Corporation (US)
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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