Research Nester’s recent market research analysis on “Organic Electronics Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor's analysis and a detailed overview of the global organic electronics market in terms of market segmentation by material, vertical, application, end user, and by region.

Boosted advancements in consumer industry to promote the global market share of the organic electronics market

The global organic electronics market is estimated to grow majorly on account of the much-improved OLED visibility and customizable designs. The automotive sector prefers OLED over LCD (liquid crystal displays) for the manufacturing of lighting solutions, infotainment systems, dashboards, and many more. Additionally, due to the prominent performance, durability, and efficiency of OLED panels in flexible displays of curved/semi-curable, and foldable smartphones, organic electronics are in high demand as compared to inorganic materials. For instance, in February 2024 Samsung published a report stating that the collective sales of foldable phones in 2024 will exceed 20 million units globally. Meanwhile, in the next 5 years, the annual sales will witness significant gain surpassing 100 million units.



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Some of the major growth factors and challenges that are associated with the growth of the Organic Electronics market are:

Growth Drivers:

High energy efficiency requirement
Demand for OLED
Challenges:

The presence of concerns related to reduced efficiency after a specific period is expected to affect the market growth and act as a restraining factor. It is anticipated that integrating organic electronics technology with the traditional semiconductor industry is a challenging task. For example, after a certain amount of time, OLED TVs begin to lose their display's vibrant and bright color quality. The production of organic electronics is less expensive than that of conventional technologies, but since the technology is new, it takes more experienced scientists, engineers, and developers to create organic electronics, raising the final cost to the user.

By material, the organic electronics market is segmented as semiconductor, conductive, dielectric, and substrate. The semiconductor segment is estimated to garner a significant market share over the forecast period. The segment’s growth is anticipated owing to the features offered by semiconductors such as no insulation oxide formation on its surface when exposed to the surroundings. Credited to this, a clean interface is maintained on the surface while interacting with other materials. A non-metallic substance with semiconducting qualities forms an organic semiconductor, when compared to inorganic semiconductors; these materials have several benefits, such as being mechanically flexible, lightweight, and affordable. This offers a chance to develop such devices using less expensive fabrication techniques. Additionally, governments all around the globe are highly investing in the R&D of semiconductors such as the CHIPS incentives grant program and many more. The Semiconductor Industry Association published a report in June 2024, that under the CHIPS incentives grant program, around USD 11 billion and USD 2 billion will be granted by the Department of Commerce and the Department of Defense respectively for the progress of CHIPS R&D Programs.

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By region, The Asia Pacific is expected to generate the highest revenue by the end of 2023. In 2023, the Asia Pacific market has dominated the global sales, by about 46.9% due to the increasing demand for smartphones, wearable devices, and televisions. A report by GSMA in 2023 estimated that in Asia Pacific more than 3 billion smartphone connections were expected with a smartphone adoption rate of 94%. Moreover, the increasing usage of advanced technologies such as ML (machine learning) and AI (artificial intelligence) were observed. Harward Business Review in 2021 projected that based on several indicators China is the global frontier in the technological development of AI.

This report also provides the existing competitive scenario of some of the key players in the Organic Electronics Market. This includes Evonik, Heliatek, Merck KGaA, Sumitomo Corporation, LG Display Co., Ltd., Asahi Kasei Corporation, AU Optronics Corporation, Universal Display Corporation, BASF SE, Fujifilm Holdings Corporation, AGC Seimi Chemical Co., Ltd., Sumitomo Chemical Co., Ltd., Sony, Panasonic and many more.

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