(MENAFNEditorial) Organic Electronics Market, by Component (Active (Transistor, Sensor, Diode), Passive (Traces, Antenna)), by Material (Dielectric, Conductor, Luminescent), by Application (Display, Solar battery, Photovoltaic) - Forecast 2027
Market Highlights:
As we Know Organic electronics is the new dimension of electronics in which the organic materials such as polymers or small organic molecules which is used as dielectric medium. Organic electronics are energy efficient and reliable when compared to normal electronic components. The conjugated polymers are considered as key organic polymers in aspects of molecular weight.
Organic electronic components have been widely accepted among consumer electronics and gave rise to OLED. OLED is flat light emitting technology between two conductors made of plastic. The light is emitted with an electrical signal. OLED's do not require any back light and so are more effective than LCD. With the promising features such as using carbon and hydrogen in manufacturing, and thinner in size, OLED's are majorly being integrated in mobile phones, digital cameras, VR headsets, TV and laptops. Apple Inc. an American multinational technological company recently launched their flagship phone based on OLED display. Organic electronics gave rise to printed and flexible electronics. Printed electronics refers to organic or plastic electronics or more inks and can be capable of printing through ink jet printers. Printed electronics is one of the emerging technologies which can be used in many areas such as healthcare, aerospace, media and many more.
Increasing demand for organic electronics in display devices such as TV, smart phone, laptops and more are the major factors that are driving the market. The low cost associated with manufacturing of organic electronic components and their output efficiency are fuelling the market growth.
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Sigma-Aldrich Corporation (U.S.), AU Optronics Corporation (Taiwan), Bayer Material Science AG (Germany), Merck Kgaa (Germany), Fujifilm Dimatix (U.S.), Samsung Display (South Korea), Evonik Industries (Germany), Asahi Kasei Corporation (Japan), BASF SE (Germany), and Novaled (Germany) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Organic Electronics Market.
Industry News
January, 2018 Researchers from Georgia Institute of Technology, built an organic thin film transistor which is more stable and reliable. This film transistor can be used in flexible electronics and printed screens. The gate in the transistor is made of fluoropolymer layer which is made from two oxide materials. This enables transistors to operate under water and possess high stability.
December, 2017 Researchers from Pamukkale University, Turkey have developed chameleon materials. They have created polymers that change colour under electric charge. These materials can be used in military and Defense sector and various technological applications such as super capacitors, biomedical parasites and many more.
Short Details about Competitive Analysis
The appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R & D and, most of all, in acquiring other firms. Prominent vendors of capacitive sensors are targeting to invest more in technology and research and development activities to innovate their already existing products. The rising government funding is also expected to motivate key companies to invent new organic electronic components that match the changing trends and needs across the globe.
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Regional Analysis
The global organic electronics market is studied for North America, Europe, Asia Pacific and Rest of the world. Asia Pacific dominates the market for global organic materials and is expected to grow at rapid rate through the forecast period. Asia Pacific being home to more than half of global electronic manufacturing sector, it occupies the major market share in global organic electronics market. Increasing demand for consumer electronic products, increase in usage of energy efficiency products, demand for compact sized products are fuelling the market in this region. North America holds the second largest market share in global organic electronics market. Increase in demand for flexible electronics, and being technically advanced region and high investments in research and development are driving the market in this region.
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