Organic Electronics Market - By Material (Semiconductor Material, Conductive Material, Dielectric, Substrate), By Application (Display, Lighting, System Components), By End-use Industry & Forecast, 2023 – 2032

Organic Electronics Market Size

Organic Electronics Market size was valued at over USD 81.5 billion in 2022 and is anticipated to grow at a CAGR of over 20% between 2023 and 2032. Organic electronics are lightweight and offer flexibility, making them appropriate for a wide range of applications. They can be printed or deposited on flexible substrates such as plastic or paper, enabling the development of bendable and rollable electronic products. This flexibility opens new possibilities for applications such as flexible displays, wearable electronics, and smart packaging. The demand for lightweight & flexible electronic products will drive the industry expansion.
 

Organic electronics refers to a branch of electronics that utilizes organic materials, typically carbon-based polymers or small molecules, as the essential components in electronic devices such as displays, sensors, and flexible circuits. The use of organic materials enables lightweight, flexible & low-priced electronic applications.
 

The limited device lifespan and stability of organic materials can impede market growth during the forecast period. Organic electronic devices are sensitive to environmental factors such as moisture, oxygen, and light, leading to reduced device stability and shorter lifespan. Organic materials are susceptible to degradation, leading to a reduction in device performance & lifecycle and impacting their reliability & long-term viability in certain applications. Ensuring stability and reliability of organic electronic devices is a crucial challenge that needs to be tackled for wider market acceptance and incorporation into various applications.
 

COVID-19 Impact

The COVID-19 pandemic impacted many markets including the organic electronics market in 2020. Lockdown measures, travel restrictions, and factory closures enacted to contain the spread of virus considerably disrupted the global supply chain for organic electronic materials and components. This disruption led to production delays, raw material shortages, and logistical challenges, impacting the overall supply of organic electronic devices. The pandemic also affected research & development activities in the organic electronics field. Laboratory closures, restrictions on physical interactions, and funding challenges decelerated innovations and paused the introduction of new technologies & products to the market.
 

Organic Electronics Market Trends

The rising focus on sustainability and eco-friendly solutions is fueling the organic electronics industry. Organic materials are often derived from renewable sources and have lower environmental impacts compared to inorganic materials, thereby aligning with the increasing emphasis on sustainability and eco-friendly technologies. As sustainability concerns grow, the demand for environmental-friendly electronics continues to rise, driving the organic electronics industry. Organic photovoltaics (OPV) and Organic Light-Emitting Diodes (OLEDs) are being explored as energy-efficient alternatives to conventional solar cells and lighting technologies. Organic electronics with their potential for low-energy consumption, recyclability, and reduced carbon footprint are poised to address these sustainability requirements.
 

Organic Electronics Market Analysis

Based on the end-use industry, the organic electronics market is bifurcated into automotive, healthcare, consumer electronics, energy, aerospace & defense, and others. The healthcare segment is expected to grow at a CAGR of over 23% from 2023 to 2032 as organic electronics enable the development of flexible & lightweight displays that can be utilized in medical imaging devices such as X-ray machines, ultrasound systems, and endoscopes. Flexible displays offer improved ergonomics, portability, and better viewing angles for medical professionals, enhancing the diagnostic precision and patient care. Moreover, organic electronics offer biocompatible materials that can be used in implantable medical devices. These devices comprise biosensors, neural interfaces, and drug delivery systems. The compatibility of organic electronics with biological systems allows for seamless integration and reduced risks of rejection or adverse reactions. The development of implantable devices using organic electronics is expanding the range of medical treatments and driving market development.
 

Based on application, the market is classified into display, lighting, system components, and others. The display segment was valued at over 40 billion in 2022 and is expected to grow at a rapid rate by 2032. Organic electronics offer flexibility and bendability, making them ideal for creating displays that can be curved, rolled, or flexed and used in TVs, smartphones & wearables. The demand for flexible displays is expanding as they provide enhanced design possibilities & user experiences. Moreover, organic electronic displays, particularly OLED displays, offer vibrant colors, high contrast ratios, and wide viewing angles. These displays provide superior visual quality and immersive viewing experiences, which are of high importance in various applications including televisions, smartphones, and virtual reality devices. The demand for visually appealing displays is fueling the organic electronics market trends.
 

Asia Pacific organic electronics market is predicted to grow at a CAGR of over 22% from 2023 to 2032 as Asia Pacific is home to a large and rapidly growing consumer electronics industry. China, Japan, South Korea, and India have a considerable presence in the consumer electronics industry, driving the demand for organic electronic components and devices. The region has a high demand for smartphones, televisions, wearable devices, and other consumer electronics. Organic electronics, with their advantages such as flexible displays, lightweight design, and energy efficiency, complement these products, driving their adoption and market share. According to GSMA, the smartphone adoption in China was 81% in 2022, which is expected to grow to over 93% in 2030. The region's strong emphasis on technological advancements and rising disposable incomes contribute to market growth.
 

Organic Electronics Market Share

Major companies operating in the organic electronics market are

• AGC INC
• Covestro AG
• DuPont
• JOLED Inc.
• Konica Minolta, Inc.
• LG DISPLAY CO., LTD.
• Merck KGaA
• Novaled GmbH
• OSRAM GmbH
• Panasonic Holdings Corporation
• Samsung Display (Samsung Electronics Co., Ltd.)
• Sony Corporation
• Sumitomo Chemical Co., Ltd.
• UNIVERSAL DISPLAY
• Visionox Company

The market is characterized by constant innovations as companies strive to improve their offerings with new features, integrations, and partnerships.
 

Organic Electronics Industry News:

• In March 2023, Panasonic launched its image sensor built by CMOS technology and with organic photoconductive film (OPF) laminated on pixel circuits to achieve excellent color reproductivity under any light source irradiation.
   

The organic electronics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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By Material

• Semiconductor material
  • Small molecules
  • Polymer
• Conductive material
  • Organic
  • Inorganic
• Dielectric
  • Polycarbonate
  • Pmma
  • Others
• Substrate
  • Glass substrate
  • Plastic substrate
  • Metal foil

By Application

• Display
  • OLED displays
  • Electrochromic
  • Electroluminescent
  • Electrophoretic
• Lighting
• System components
  • Logic & memory devices
  • Organic sensors
  • Conductive ink
  • Organic Radio Frequency Identification (ORFID) TAGs
  • Printed batteries
• Others

By End-use Industry

• Consumer electronics
• Automotive
• Healthcare
• Energy
• Aerospace & defense
• Industrial
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa
  • Saudi Arabia
  • UAE