Organic Electronics Market Grows with Rising Applications – New Report by MarketsandMarkets
(PRWEB) December 15, 2014 -- The research report segments and defines the Organic Electronics Market to provide an in-depth analysis of market size, growth trends and revenue forecasts. It also identifies various restraints, drivers, opportunities and adoption trends in the market.
The value chain of the organic electronics market is closely interlinked with the traditional silicon electronics. It has been rapidly expanding and shaping into a strong, well-connected chain over the past few years. According to the report, development of new products and business models owing to the rising application potential of organic electronics are also expected to influence this industry.
Browse “Organic Electronics Market” through 200 Report Pages inclusive of in-depth ToC, 23 market data tables and 87 figures.
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The market of organic electronics is an amalgamation of a new class of organic materials, large-area, high-volume deposition and patterning techniques. It also includes printed and flexible electronics. Despite being at an early growth state, the market is witnessing strong rise in the number of applications and research & development activities. According to the report, the total market is expected to grow at an impressive CAGR of 29.0% from 2014 to reach $75.82 Billion by 2020.
This report categorizes the organic electronics market on the basis of different applications, materials and geographic regions. According to the report, OLED display is expected to be the strongest application segment in terms of the growth rate. The Smartphone and tablet segment is growing at tremendous rate. This growth is also pushing up the demand for new and advance OLED displays in this market. OLED lighting, a new class of application is still considered as a risky business by many lighting companies. According to the report, it is expected to witness highest growth rate in the coming years.
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According to the report, 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 the region is witnessing major research projects. According to the report, North Americas is expected to rank second in the organic electronics market in terms of demand.
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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