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Organic Polymer Electronics Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Material (Semiconductors, Conductors, Dielectrics), Application (Display, Photovoltaic, Lighting, Electronic Components and Integrated Systems), and Geography.

Market Snapshot

Organic summary
Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

North America

Largest Market:

North America

CAGR:

22.3%

Key Players:

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Market Overview

The market for organic polymer electronics is expected to register a CAGR of 22.3% during the forecast period (2019-2024). The demand for flexible electronic goods is required in healthcare and government sectors. For instance, the medical industry is embracing organic polymer while suggesting health and fitness tracking bands to patients for measuring heart rates, blood pressure, glucose levels, and pulse. 

  • With advancements in wearable technology, proliferating wearable devices are being programmed to interact with the bodies and collect data. For instance, dog collars for pets acting as a GPS tracker. The flexible displays make sure that wearables are thin, light, robust, and comfortable for the user.
  • OLED micro displays are being adopted in augmented and virtual devices, where users can experience much more realistic and lively images with faster response time, richer color, and higher contrast ratio, as compared to other micro displays.
  • However, the non-compatibility factor with conventional electronic goods, the lack of robustness due to small life and possible degradation under environmental influences are the major reasons that hinder the growth of the market.

Scope of the Report

Organic electronic devices are likely to become a low-cost alternative to the traditional inorganic electronic applications, due to low material utilization (use of materials that are synthesized, rather than mined from the earth) and simple processing. They find their uses in applications like aerospace, display manufacturing, lighting due to expanding functionality and accessibility of electronics, which traditional silicon-based electronics cannot do.

By Material
Semiconductors
Conductors
Dielectrics
By Application
Display
Photovoltaic
Lighting
Electronic Components & Integrated System
Geography
North America
Europe
Asia-Pacific
Rest of the World

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Key Market Trends

Head Mounted Displays to Witness Huge Demand

  • Head mounted displays used for augmented and virtual reality have organic light emitting diodes as a crucial part.
  • Training of all types is the most important potential use of AR/VR. Navy researchers are integrating AR technology into head mounted displays (HMD) to effectively provide ground deployed troops with the technology utilized by pilots. 
  • In June 2018, Spex, a division of the Toronto-based wearable medical device developer eSight, released a new hardware and software platform intended to combine the best current augmented reality (AR) and virtual reality (VR) features in a head-mounted device that can be worn all day.
  • HMDs are not only used in virtual reality gaming, but they have also been utilized in military, medical, and engineering contexts to name a few. In March 2019, Valve launched a teaser site featuring a brand-new virtual reality headset, called the Valve Index. It has inside-out tracking to allow players to move around a room without worrying about placing base stations or external tracking cameras.
AR VR Applications

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North America to Witness the Highest Growth in the Organic Polymer Electronics Market

  • High technology exposure and the easy availability of devices have created a strong market for smart devices in North America. Most of the companies advancing in this technology are based in the United States. Leading players like Microsoft and Magic Leap are actively working on this technology, using the United States as their base.
  • When it comes to augmented reality (AR) and mixed reality (MR), the United States is expected to be one of the fastest-growing markets in the world. For instance, Microsoft Hololenes 2 was released at the Mobile World Congress in February, 2019. 
  • In May 2018, at the SharePoint Conference, North America, Microsoft launched SharePoint Spaces, a feature that allows companies to create immersive worlds for viewing data and documents within SharePoint.
Organic map

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Competitive Landscape

The organic polymer electronics market is fairly concentrated due to high entry barriers and huge initial investments. Some of the recent developments in the market are -

  • May 2019 - Merck KGaA acquired Intermolecular Inc. for USD 1.20 per share in an all-cash transaction. Intermolecular's capabilities in rapid material screening, in combination with the R&D pipeline of Merck KGaA is expected to foster materials innovation.
  • December 2018 - The GoSafe S810 by Papago was announced as one of the best dash cameras released in 2018 on G-Style Magazine.
  • April 2018 - FlexEnable Ltd received USD 3 million in equity funding from Novares Group as part of a venture into sensors and automotive applications.

Major Players

  1. AU Optronics Corporation
  2. Basf SE
  3. PAPAGO Inc.
  4. Merck KGaA
  5. Novaled Gmbh

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

  5. 5. MARKET DYNAMICS

    1. 5.1 Introduction to Market Drivers and Restraints

    2. 5.2 Market Drivers

      1. 5.2.1 Advancements in Wearable Technology

      2. 5.2.2 Adoption of OLED Microdisplays in Augmented and Virtual Reality Devices

    3. 5.3 Market Restraints

      1. 5.3.1 Non-Compatibility with Conventional Electronic Goods

    4. 5.4 Value Chain Analysis

    5. 5.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 5.5.1 Threat of New Entrants

      2. 5.5.2 Bargaining Power of Buyers/Consumers

      3. 5.5.3 Bargaining Power of Suppliers

      4. 5.5.4 Threat of Substitute Products

      5. 5.5.5 Intensity of Competitive Rivalry

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Material

      1. 6.1.1 Semiconductors

      2. 6.1.2 Conductors

      3. 6.1.3 Dielectrics

    2. 6.2 By Application

      1. 6.2.1 Display

      2. 6.2.2 Photovoltaic

      3. 6.2.3 Lighting

      4. 6.2.4 Electronic Components & Integrated System

    3. 6.3 Geography

      1. 6.3.1 North America

      2. 6.3.2 Europe

      3. 6.3.3 Asia-Pacific

      4. 6.3.4 Rest of the World

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 AU Optronics Corporation

      2. 7.1.2 Basf SE

      3. 7.1.3 DowDupont Inc.

      4. 7.1.4 Merck KGaA

      5. 7.1.5 Novaled GmbH

      6. 7.1.6 Papago Inc.

      7. 7.1.7 Universal Display Corporation (UDC)

      8. 7.1.8 FlexEnable Ltd

      9. 7.1.9 LG Corporation

      10. 7.1.10 Samsung Display Co. Ltd

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. MARKET OPPORTUNITIES AND FUTURE TRENDS

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