Organic Electronics Market is estimated to reach $75.82 Billion by 2020 – New Report MarketsandMarkets
(PRWEB) September 12, 2014 -- According to a new market research report “Organic Electronics Market by Material (Semiconductor, Conductive, Dielectric and Substrate), by Application (Battery, Conductive Ink, Display, Lighting, Logic/Memory, Sensor, OPV, ORFID and Others), Geography - Global Analysis and Forecast (2014 - 2020),” the total organic electronics market is expected to reach $75.82 Billion by 2020, at a CAGR of 29.0%.
Browse 23 market data tables and 87 figures spread through 200 pages and in-depth TOC on “Organic Electronics Market - Global Analysis and Forecast (2014 - 2020)”.
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Organic electronics is an amalgamation of a new class of organic materials, large-area, high-volume deposition and patterning techniques. Organic electronics which also includes printed and flexible electronics is new and at the early growth stage. There are increasing numbers of applications available and some are in full production whereas many other applications are still in research and development stage.
The organic electronics market 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.
Even though the organic electronics market is still growing and is currently in the nascent stage, the significant organic electronic devices, such as OLEDs, are among the first to be commercialized in the market. Since the last five years, OLED displays have been contributing significantly in the organic electronics market, wherein small molecules OLEDs are the most contributing devices in the organic electronics market. The displays’ application in the OLED market is currently at the dominant position, owing to the increasing market shares of OLEDs. In the near future, the displays and lighting may have reverse roles in the market with a huge production of very thin and highly flexible OLED displays.
There are different types of OLEDs offered in the market for different applications, such as Passive Matrix OLEDs (PMOLEDs), which are used mainly in cell phones and MP3 players; Active Matrix OLEDs (AMOLEDs), which are used mainly in computer monitors, large-screen TVs and electronic signs or billboards; Transparent OLEDs, which are used mainly in head up displays , Top emitting OLEDs, which are used mainly in smart cards, Foldable OLEDs, which are used for smart clothing with an integrated computer chip, cell phone, GPS receiver, and OLED display sewn into it; and White OLEDs, which are for applications in homes and buildings.
The displays’ application will create a special demand for OLEDs with regard to the significant parameters such as lifetime, power consumption, and color. OLED displays offer higher contrast, truer colors, higher brightness, wider viewing angles, better temperature tolerance, and faster response times than Liquid Crystal Displays (LCDs), which makes these devices potential to be among the next generation devices. OLED displays have been used in real life applications such as mobile phones and digital cameras, but soon they may be available for use in larger standard office and home entertainment displays with refresh rates approximately 1000 times faster than LCDs.
Coming to the geographical analysis of organic electronics market, Asia-Pacific region accounts for the highest share currently. This is because Asia-Pacific region is the home ground for major organic materials providers and display manufacturers. This region also has the highest demand for new technologies like organic and flexible electronics. Europe is called the research and development house of organic electronics, as major researches are going on in this region. In terms of demand, North Americas ranks second in the market for organic electronics. The research study also gives sub segmentation of regions by different countries. The major market sharing countries analyzed in the report are U.S., China, Japan, Germany, U.K., Taiwan, South Korea and France among the others.
The report profiles major players in organic material suppliers and display manufacturers in organic electronics market, which are 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) and Universal Display Corporation (U.S).
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