Global Organic Electronics Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Organic Electronics Market Analysis

Organic electronics refers to a field of modern electronics that optimises the size, design and application of organic molecules and polymers like carbon that posits electronic conductivity. Organic electronics have various advantages such as flexibility, functionality, and cost-effectiveness, due to which it is increasingly being deployed in various applications.

The growing popularity of organic light-emitting diode (OLED) display in various devices owing to its energy efficiency and cost-effectiveness is propelling the growth of the organic electronics market.  Moreover, the advent of active-matrix OLED (AMOLED) displays in devices, such as smartphones and wearables, among others, is propelling the market growth. As the adoption of AMOLED displays by companies such as Samsung and Xiaomi are surging, the market for organic electronics is witnessing rapid growth.

In addition, the growing demand for high-end smartphones due to inflating disposable income in both developed and developing countries is increasing the deployment of displays that can offer durability, flexibility, and high resolution, hence surging the demand for AMOLED displays. For instance, Samsung launched its flip smartphones such as Z Flip3 and Z Fold3 with AMOLED displays to enhance the visual appeal of its phones. As the demand for energy-efficient electronic devices is escalating owing to rising sustainability concerns, the deployment of OLED is expected to increase owing to its energy efficiency, which is projected to propel the market growth.

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Organic Electronics Market Trends

Increased Deployment of Photovoltaic Cells

The surging deployment of photovoltaic cells as energy-sources owing to their sustainability is propelling the market growth. The shortage of semiconductor silicon crystals is increasing the requirement for alternative materials to be deployed in photovoltaic cells. This, in turn, is leading to the development of photovoltaic cells manufactured with organic molecules like dyes and polymers to enhance their cost-effectiveness and deployment, which is expected to drive organic electronics demand. In addition, the flexibility of organic materials is anticipated to boost the energy efficiency of photovoltaic cells.

The average efficiency of commercial mono-crystalline silicon solar cells has improved significantly over the years, with efficiencies reaching around 21.6% as of Q4 2023. This marked an increase from 20.9% in Q4 2022, and it offers several new avenues for the development of organic electronics.

Rise in Research and Development Activities

Moreover, the increasing research activities to develop flexible electronic devices with innovative conducting and insulating properties is aiding the growth of organic electronics. Hence, the growing incorporation of flexible electronics in various applications such as textile, manufacturing, photovoltaic, nanotechnology, and consumer electronics is propelling the organic electronics demand growth.

For instance, researchers at the University of Texas have developed epidermal electronics that can conform to the skin and monitor physiological parameters. These devices are designed using soft, stretchable materials that mimic the mechanical properties of human skin, allowing for continuous monitoring of vital signs such as heart rate and temperature without discomfort. The technology includes tattoo-like sensors that can be applied directly to the skin, providing real-time health data while being minimally invasive.

A team has created an innovative instrumented balloon catheter that can be used for in vivo monitoring of cardiovascular conditions. This device starts with a small diameter for easy insertion and then inflates within blood vessels.

Industry News

September 2024

The U.S. National Science Foundation (NSF), in partnership with technology firms such as Ericsson, Intel, Micron Technology, and Samsung announced that it aims to allocate USD 42.4 million in grants for its 'Future of Semiconductors' initiative. The objective of this funding is to promote research and education in semiconductor technologies, strengthen U.S. leadership in the field, and tackle various challenges, including new computing tasks, energy efficiency, performance, manufacturing, and supply chain issues.

September 2024

Universal Display Corporation, a leader in energy-efficient displays and lighting through its UniversalPHOLED® technologies and materials, has announced the creation of the Sherwin I. Seligsohn Innovation Award. This award is established in memory of UDC’s late founder, honoring his visionary leadership, remarkable intellect, and passionate curiosity.

Opportunities in Organic Electronics Market

There is a growing emphasis on sustainable and environmentally friendly technologies within the market. Organic materials are often biodegradable and produced with lower environmental impact compared to traditional silicon-based electronics. This aligns with the increasing consumer demand for eco-friendly products, which can contribute to the growth of the organic electronics industry.

A recent survey by PwC revealed that consumers are willing to pay an average of 9.7% more for sustainably produced or sourced goods, even amid rising cost-of-living concerns. The survey, which included over 20,000 participants from 31 countries, found that 85% of consumers are experiencing the impacts of climate change in their daily lives and are prioritising sustainability in their purchasing decisions. This trend indicates a strong market shift towards eco-friendly products, aligning with the increasing availability of organic electronics that utilise biodegradable materials.

Organic Electronics Market Restraints

Organic materials used in electronic devices are highly sensitive to environmental factors such as moisture, oxygen, and UV radiation. This sensitivity can lead to shorter lifespans and reduced reliability of organic electronic devices compared to their inorganic counterparts. The degradation of these materials under environmental stress raises concerns about their practicality for long-term applications, especially in consumer electronics that require durability and stability.

The production processes for organic electronics can be complex and less streamlined compared to traditional electronics which can impact organic electronics demand. Achieving consistent quality and performance in mass production is challenging, which can lead to higher costs and variability in product quality. The lack of standardized manufacturing processes further complicates scalability and integration with existing electronic systems. Despite the potential advantages of organic electronics, their market penetration remains limited due to the technology's relative immaturity. The transition from traditional electronic technologies to organic options requires significant adjustments in production processes and design concepts.

Organic Electronics Market Dynamics

Continuous advancements in organic light-emitting diodes (OLEDs) are enhancing display quality and energy efficiency. As per the organic electronics industry analysis, LG's announcement of next-generation OLED technologies at SID Display Week 2024 highlighted improvements in colour accuracy, which is crucial for high-quality displays.

Additionally, innovations in materials science are improving the electrical properties and stability of organic semiconductors, making them more attractive for commercial applications. A team from the Indian Institutes of Technology, Kanpur, has made significant strides in developing organic solar cell devices using a combination of PCBM as an acceptor and the organic polymer PTB7 as a donor.  This research highlights the ongoing efforts to improve the efficiency and stability of organic photovoltaics, which are essential for the growing demand for renewable energy solutions.

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Organic Electronics Industry Segmentation

“Organic Electronics Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Material

• Semiconductor
• Conductive
• Dielectric and Substrate

Market Breakup by Application

• Display
• Lighting
• Battery
• Conductive Ink
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Organic Electronics Market Share

By Material Insights

The semiconductor segment is crucial for the fabrication of electronic devices due to its ability to transport charge and generate light in OLEDs when an electric current is applied. This functionality is vital for many modern electronic applications, which can contribute to the demand of organic electronics market. The semiconductor materials used in organic electronics are lightweight, flexible, and cost-effective, making them advantageous over traditional inorganic semiconductors. Their biodegradable nature also aligns with the growing demand for sustainable technologies.

By Application Insights

The display segment has been a primary driver of growth in organic electronics and boosts organic electronics market share, primarily due to the increasing demand for high-quality, flexible, and energy-efficient screens. OLED technology is favoured for its superior colour accuracy and contrast compared to traditional LCDs. he consumer electronics sector also significantly influences this segment's performance, with OLEDs being increasingly integrated into various devices. This trend is expected to continue as manufacturers seek to enhance user experience through advanced display technologies.

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Organic Electronics Market Regional Analysis

Asia Pacific Organic Electronics Market Drivers

Countries such as China, Japan, and South Korea are leading the manufacturing capabilities and research and development investments in organic electronics. Japan remains at the forefront of technological innovation in organic electronics. Companies like Sony and Panasonic are heavily investing in research and development to enhance organic semiconductor technologies, which can boost the organic electronics market value. For instance, Sony has been developing advanced OLED technologies that improve colour accuracy and energy efficiency, which were showcased at the SID Display Week 2024.

A GSMA report indicated that over 3 billion smartphone connections were expected in Asia Pacific by 2023, reflecting the region's dominance in consumer electronics.

North America Organic Electronics Market Dynamics

The region is characterised by strong investments in research and development, particularly in advanced technologies such as AI and IoT, which are increasingly being integrated into organic electronic devices. For instance, according to a report, the number of connected IoT devices reached 15 billion in 2023, representing a 76% increase from 2019. Projections suggest that this number could exceed 29 billion by 2030, impacting organic electronics demand forecast.

The growing consumer electronics sector, particularly in the U.S., is driving demand for innovative products such as OLED displays and flexible electronics. The Bureau of Economic Analysis reported a 0.5% increase in personal income in May 2024, indicating rising disposable income that supports higher spending on advanced electronic devices.

Europe Organic Electronics Market Trends

Europe is witnessing robust growth in organic electronics due to its emphasis on sustainability and eco-friendly technologies. The European Union's regulatory framework encourages the adoption of organic photovoltaics and other sustainable electronic solutions, contributing to the organic electronics market revenue. For instance, the Horizon Europe program funds research initiatives that focus on sustainability and innovation in various sectors, including renewable energy technologies like organic photovoltaics. For example, the SUNREY project, which began in November 2022, aims to develop sustainable and efficient perovskite solar cells with reduced lead content.

The European market is expected to benefit from advancements in organic light-emitting diodes (OLEDs) and flexible displays, which are increasingly used in consumer products.

Latin America Organic Electronics Market Outlook

Latin America is gradually adopting organic electronics as part of its broader push towards sustainable technology solutions. The region is seeing increased investment in renewable energy projects that utilise organic photovoltaic cells, which can fuel organic electronics market opportunities.

As awareness of sustainability grows among consumers and businesses alike, there is potential for significant growth in organic electronics applications such as smart packaging and energy-efficient devices. The United Nations Environment Programme (UNEP) coordinates the Regional Strategy for Sustainable Consumption and Production (SCP) in Latin America and the Caribbean. This initiative promotes sustainable lifestyles by encouraging efficient resource use and minimising CO2 emissions across various sectors, including manufacturing and agriculture.

Middle East and Africa Organic Electronics Market Growth

The Middle East and Africa are beginning to invest more heavily in technology infrastructure, including organic electronics. This investment is often driven by government initiatives aimed at diversifying economies away from oil dependency. Countries in this region are exploring solar energy solutions using organic photovoltaics as part of their renewable energy strategies, which could lead to increased adoption of organic electronic technologies, increasing the organic electronics industry revenue.

Saudi Arabia is making significant strides in solar energy development, with a commitment to increase its renewable energy capacity to 58 GW by 2030. The country is leveraging its abundant solar resources, with solar photovoltaic (PV) technology expected to play a key role, which can boost the demand for organic electronics.

Innovative Organic Electronics Startups

Several startups are at the forefront, focusing on printed electronics solutions for flexible displays and circuits, which offer cost-effective alternatives to traditional manufacturing methods. These startups are capitalising on the demand for lightweight, flexible, and energy-efficient devices, catering to markets such as consumer electronics, healthcare, and automotive. Startups in organic electronics market are also exploring biocompatible organic electronics for medical implants and wearable health monitors, pushing the boundaries of what organic materials can achieve in sensitive application.

Polyera Corporation

Polyera Corporation is focused on developing innovative printed electronics solutions, particularly in the realm of flexible displays and organic semiconductors. The company aims to revolutionise the display technology landscape by creating lightweight, low-cost, and energy-efficient products.

Plastic Logic

Plastic Logic specialises in the development of flexible organic electronics, particularly for applications in displays and sensors. The company is known for its innovative approach to manufacturing plastic-based electronic components, which allows for lightweight and bendable displays.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global organic electronics market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions. Companies are actively developing innovative materials and technologies to enhance the performance and applications of organic electronic devices. Key players are focusing on research and development to create high-performance organic semiconductors, conductive polymers, and display technologies like OLEDs.

Key Industry Players

AGC Chemicals Company

AGC Chemicals is a global leader in the production of specialty chemicals and materials, particularly known for its high-performance fluoropolymers and resins. The company is part of the AGC Group, which is headquartered in Japan and operates in various sectors including glass, chemicals, and electronics.

Heliatek GmbH

Heliatek GmbH is a leading manufacturer of organic solar films based in Germany. Founded in 2006, the company specialises in the development of flexible and lightweight solar technology that can be integrated into various surfaces, including buildings and vehicles.

ISORG

ISORG is a French company in the organic electronics market which was founded in 2010 that specialises in organic photodetectors and large-area image sensors. Based in Limoges, Nouvelle-Aquitaine, ISORG develops innovative sensor technologies that integrate printed photodiodes on various substrates. Their products cater to applications in smartphones, security systems, medical imaging, and non-destructive testing.

Other major players in the market are Novaled GmbH and Fujifilm Corporation, among others.

Recent Developments

April 2024

Beckman Coulter Life Sciences, a prominent figure in laboratory automation and innovation on a global scale, has introduced the QbD1200+ Total Organic Carbon (TOC) Analyzer today, enhancing the speed and simplicity of pharmaceutical and biopharmaceutical analysis while providing more reliable data.