Declining Prices of Organic Electronics will push Organic Electronics Market Worldwide
Organic electronics are a category of material science dealing with the synthesis, design, application, and characterization of organic small polymers or molecules. In recent years, the organic electronics market has been gaining traction and organic electronics now have gained multiple applications. Organic electronics have been commercialized successfully, especially in the displays segment such as in photovoltaics, smartphones display, and transistor technologies.
Detailed Description Regarding Organic Electronics Market is available at:
The research report has segmented the global organic electronics market on the basis of application into organic sensors, displays, organic radiofrequency identification tags, printed batteries, organic lighting, organic photovoltaics, and logic and memory. Presently, the displays segment dominates the overall market and is expected to remain in the leading position in the forecast period. The displays segment is further sub-segmented into electrophoretic, OLED display, and other displays.
By the end of 2018, the OLED display segment is estimated to reach a value of US$10.4 bn and dominate the global organic electronics market in the coming years. In recent years, the OLED display segment has witnessed high demand owing to its low energy consumption, high-speed performance, and sharp display features. In addition, the OLED display segment is estimated to witness significant growth due to the growing support for green products across the globe and an increasing number of OLED applications in mobile signage and phones, which will further augment the growth of the overall OLED display market. On the other hand, the high cost of production and a low penetration rate of technology are some of the factors that are expected to hamper the growth of the overall OLED display market throughout the forecast period.
Furthermore, the electrophoretic segment is projected to reach a value of US$3.9 bn by the end of 2018, exhibiting a whopping 58.40% CAGR between 2012 and 2018. The organic radiofrequency identification tags and logic and memory segments are estimated to emerge as the most promising segments for organic electronics manufacturers globally.
The global market for organic electronics has been divided on the basis of geography into the U.S., Europe, Asia Pacific, and Rest of the World. By the end of 2018, the Asia Pacific market for organic electronics is estimated to dominate the overall market, holding a share of 50% in the global organic electronics market. Asia Pacific is expected to be followed by Europe, exhibiting a progressive growth rate in the next few years.
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The research study further covers the competitive landscape of the global organic electronics market, emphasizing on the company profile, inception details, contact information, products offered, financial overview, business policies, and recent developments such as mergers and acquisitions. Some of the prominent players studied in the research report are PolyIC GmbH & Co. KG, Merck & Co., Evonik Industries, Heliatek GmbH, AGC Seimi Chemical Co. Ltd., H.C. Starck, Novaled GmbH, Fujifilm Dimatix, Inc., Sumitomo Electric Industries, Ltd., BASF, and Bayer MaterialScience AG.