Organic Electronics Market overview
Organic electronics is defined as a field of materials science regarding the design, characterization, synthesis, and application of organic small polymers or molecules that display desirable electronic properties. Market Research Future (MRFR) has published and released a research report on the global organic electronics market that predicts growth for this market between 2016 and 2027.
Observing the market structure, this report measures the future growth potential of the market. It gauges the strategies of the key players in the market and aids the competitive developments like new product developments, joint ventures, mergers & acquisitions, research and developments (R&D) in the market.
The most significant factor enhancing the global organic electronics market growth is the growing use of electronic goods. Other factors elevating market growth include increasing investment from key market players and the rising disposable income of consumers. However, the technical limitations and presence of competent technology can hinder the market growth.
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Organic Electronics Market Key Players
The key players in the global organic electronics market include AU Optronics Corporation(Taiwan), Asahi Kasei Corporation (Japan), Bayer Material Science AG (Germany), BASF SE (Germany), Fujifilm Dimatix (USA), Evonik Industries (Germany), Novaled (Germany), Merck Kgaa (Germany), Sigma-Aldrich Corporation (USA), and Samsung Display (South Korea).
Organic Electronics Market Latest Industry News
25 MAR 2019 Working for the US Department of Energy’s (DOE), some scientists have developed a method on how to control the electronic structure of organic electronics in the Argonne National Laboratory.
26 MAR 2019 A group of scientists working in the Laboratory of Organic Electronics at Linköping University, under the leadership of Professor Xavier Crispin has successfully combined all three measurements of three different sensors made from new cellulose-based material into a single sensor.
Organic Electronics Market Segments
The global organic electronics market can be segmented into the application, components, material, and lastly, region. The application-based segmentation can segment this market into displays, organic light-emitting diode (OLED) lighting, photovoltaic cells, solar batteries, and memory devices among others. Regarding material, the market has been segmented into the dielectric material, conductors, luminescent material, and electrochromic materials among others.
Based on components, the market can be segmented into active components, passive components, and others. The active components have been sub-segmented into diodes, sensors, and transistors. Passive components have been sub-segmented into antenna, capacitors, traces, and resistors.
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The regional segmentation of the global organic electronics market has segmented the market into regional markets known as Europe, The Americas (North America & Latin America), Asia Pacific, and the Middle East & Africa (MEA). The Americas segment is the most important regional market. As a market, North America is bigger than Latin America, because the former has higher technological advancement and the purchasing power of consumers is higher in this region. Many key market players are based in the USA. After the USA, Canada is the biggest country-specific market in this region. In Latin America, the market is significant but limited due to the lower purchasing power of consumers. The strongest economies that can emerge as important country-specific markets in this region are Argentina and Brazil.
During the forecast period, the European market is also expected to grow. Due to the reasons the same as the Americas, Western Europe is a bigger market than Eastern Europe. In Western Europe, the important country-specific markets are France, Germany, and the UK, followed by the remaining countries of Western Europe and Eastern Europe. Many key market players are based in Europe too.
In the Asia Pacific region, the market is growing due to rapid industrialization and urbanization. The high density of population in countries like China and India serves as a huge market for many products and services. Other key country-specific markets in this region are Japan, and South Korea, followed by the remaining countries of the Asia Pacific region. In the MEA region, the market is limited due to poor countries, lack of awareness, lack of education, lack of right infrastructure and lack of technological advancement.
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