Wednesday, December 28, 2016

Global "Organic Electronics Market" worth $75.82 Billion by 2020

On the basis of overall organic electronics market research, it found that the total market is expected to reach $75.82 Billion by 2020, at a CAGR of 29.0%.

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This report describes the organic electronics market trends, drivers, and challenges of the market and forecasts the market up till 2020, based on materials, applications, and geographies. It covers the future of the global market and industry from both - technical and market-oriented perspectives with techno-market oriented roadmaps till 2020 and a detailed competitive landscape with the identification of key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and market share rankings. It covers geographies such as the North America, Europe, APAC, and RoW (Rest of the World).

The report study published gives an eagle eye view on different applications, materials used and geographical analysis of organic electronics market. The major applications that are considered in this report are OLED display, OLED lighting, organic photovoltaic, ORFID, sensor, battery, conductive ink and smart applications among the others. OLED display being the highest market sharing application is expected to grow at high rate, as many companies are entering into large OLED display panel manufacturing. Besides, the smartphone and tablet market growing at tremendous rate is also pushing up the demand for new and advance OLED displays in the market. OLED lighting, a new class of application is still considered as a risky business by many lighting companies but it is expected that this application will account for highest growth rate in the coming years, owing to huge advantages over its substitute products.

Organic electronics are a new class of electronics, useful for high performance devices in four major application areas, which are displays, photovoltaic, lighting, and integrated smart systems. Organic Electronics is briskly growing into a scientific and technological revolution and is expected to have a large impact in our lives as compared to microelectronics.

Organic electronic devices have the potential to become a low-cost alternative to the traditional inorganic electronic applications, due to low material utilization and simple processing methods.In order to demonstrate technological maturity and competitiveness for these materials in the current market, the hi-tech products are manufactured using organic materials such as semiconductor, dielectric, and conductive materials.

The global organic electronics market size is expected to grow from $16.45 Billion in 2014 to $75.82 Billion by 2020 at a CAGR of 29.0%. This growth is heralded by the growing display applications for the organic electronics market. Lighting applications for this market are also expected to grow rapidly in the coming five years.

Some of the major players in organic electronics market include, AU Optronics Corporation (Taiwan), BASF SE (Germany), Bayer MaterialScience AG (Germany), DuPont or E. I. du Pont de Nemours and Company (U.S.), LG Display (South Korea), Merck KGaA (Germany), Novaled GmbH (Germany), Koninklijke Philips N.V. (Philips) (The Netherlands), Samsung Display (South Korea), Sony Corporation (Japan), Sumitomo Corporation (Japan), Universal Display Corporation (U.S).

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