The global 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.

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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.

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.

Asia Pacific is projected to account for the largest share of the overall organic electronics market by 2028

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.

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Key Market Players

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) are some of the key players in the organic electronics companies.