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Organic Polymer Electronics Market Size (2024 - 2029)

The Organic Polymer Electronics Market is experiencing significant growth, driven by its increasing adoption in the display and lighting industries as a cost-effective alternative to traditional inorganic electronics. This market expansion is attributed to the unique capabilities of organic polymer electronics, such as flexibility and low-cost production, which are particularly beneficial in sectors like healthcare and government. The development of flexible electronic devices, including those used in wearable technology and augmented reality, is further propelling the market. Additionally, advancements in organic polymers for photovoltaic applications are contributing to the market's expansion, as they offer innovative solutions for energy-efficient designs.

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Market Size of Organic Polymer Electronics Industry

organic electronics market size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 22.30 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

global organic electronics market

*Disclaimer: Major Players sorted in no particular order

Organic Polymer Electronics Market Analysis

The Organic Polymer Electronics Market is expected to grow at a CAGR of 22.3% over the forecast period 2020 to 2025. The devices which are made from organic polymer electronics are gradually becoming 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.

  • The market is majorly growing due to the rapid increase in adoption in the display industry as well as lighting, due to expanding functionality and accessibility of electronics, which traditional silicon-based electronics cannot do.
  • OLEDs displays occupy a fair share of the market. In 2019, Amazon launched the first OLED TVs with FireTV in the United Kingdom, Germany, and Austria. In the United Kingdom, the company collaborated with Currys, and in Austria and Germany, they partnered with Grundig.
  • Head mounted devices for augmented and virtual reality are one of the emerging applications in the display industry, since they have organic light emitting diodes as a crucial part. Apart from the gaming industry, HMDs are being used in military, medical and engineering contexts.
  • Training of all types is the most potential application 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.
  • When it comes to electronic components, organic polymer electronics is revolutionizing small, flexible, wide-area electronic devices that can be produced at low cost in very high volumes. The demand for flexible electronic goods is required in healthcare, and government sectors.
  • With advancements in wearable technology, proliferating wearable devices are being programmed to interact with the bodies and collect data. The flexible displays make sure that wearables are thin, light, robust, and comfortable for the user.
  • The researchers at Leibniz Institute for Solid State and Materials Research in Germany have developed the first flexible electronic chip made of magnetic sensors and organic, polymer-based circuits. This has the potential for development in artificial electronic skins, robotics with soft materials, and biomedical science.
  • Organic polymers for photovoltaic (OPV) and photodiode (OPD) are under progress nowadays. OPV solar cells can be semi-transparent, and are therefore used in the design of energy roofs that allow light to pass through.

Organic Polymer Electronics Industry Segmentation

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 Application
Organic Display
Organic Photovoltaic
OLED Lighting
Electronic Components and Integrated Systems
By End-user
Automotive
Consumer Electronics
Healthcare
Industrial Sector
Military and Defense
Geography
North America
Europe
Asia-Pacific
Rest of the World
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Organic Polymer Electronics Market Size Summary

The Organic Polymer Electronics Market is experiencing significant growth, driven by the increasing adoption of organic polymer electronics as a cost-effective alternative to traditional inorganic electronic applications. This shift is largely due to the advantages of low material utilization and simple processing methods. The market is expanding rapidly, particularly in the display and lighting industries, where organic light-emitting diodes (OLEDs) are becoming more prevalent. These displays offer enhanced functionality and accessibility that traditional silicon-based electronics cannot match. The integration of OLED technology in various applications, such as head-mounted devices for augmented and virtual reality, is further propelling market growth. Additionally, the development of flexible electronic goods for sectors like healthcare and government underscores the transformative potential of organic polymer electronics in creating small, flexible, and cost-effective devices.

The Asia-Pacific region is emerging as the fastest-growing market for organic polymer electronics, fueled by the robust growth of the consumer electronics industry and the presence of key vendors. The region's stronghold of semiconductor device manufacturers and fabricators in countries like Taiwan, China, Japan, and South Korea facilitates the adoption of these advanced materials in electronic products. The demand for smartphones and other consumer electronics in countries such as India, China, and Singapore is encouraging vendors to establish production facilities in the region. This surge in demand is expected to drive the market for OLED displays, with significant investments in the smartphone segment. The market is characterized by high entry barriers and substantial initial investments, leading to a concentration of major players such as Sony Corporation, AU Optronics Corporation, Universal Display Corporation, Merck KGaA, and Novaled GmbH, who currently dominate the market share.

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Organic Polymer Electronics Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview (Commentary on Covid-19 Impact along with latest trends persisting in the market)

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Intensity of Competitive Rivalry

      5. 1.2.5 Threat of Substitute Products

    3. 1.3 Industry Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Application

      1. 2.1.1 Organic Display

      2. 2.1.2 Organic Photovoltaic

      3. 2.1.3 OLED Lighting

      4. 2.1.4 Electronic Components and Integrated Systems

    2. 2.2 By End-user

      1. 2.2.1 Automotive

      2. 2.2.2 Consumer Electronics

      3. 2.2.3 Healthcare

      4. 2.2.4 Industrial Sector

      5. 2.2.5 Military and Defense

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 Rest of the World

Organic Polymer Electronics Market Size FAQs

The Organic Polymer Electronics Market is projected to register a CAGR of 22.30% during the forecast period (2024-2029)

Sony Corporation , AU Optronics Corp, Merck KGaA, Novaled Gmbh and Universal Display Corporation (UDC) are the major companies operating in the Organic Polymer Electronics Market.

Organic Polymer Electronics Report Snapshots

Organic Polymer Electronics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)