Organic Electronics Market Will Reach USD 44.8 Billion Globally in 2018: Transparency Market Research
According to a new market report published by Transparency Market Research "Organic Electronics Market - Global Industry Analysis, Market Size, Share, Growth And Forecast 2012 - 2018", Global organic electronics market is expected to be worth USD 8.2 billion in 2012 and is further expected to reach USD 44.8 billion in 2018, growing at a CAGR of 32.6% from 2012 to 2018. The Displays segment is expected to be the largest application market at USD 16.7 billion in 2012. In the overall global market, Asia Pacific region is expected to maintain its lead position in terms of revenue till 2018. Asia Pacific is expected to enjoy 50.0% of global organic electronics market revenue share in 2018 followed by Europe.
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Organic electronics (OE) is one of the most disruptive technologies for electronic circuits and display technologies, and is set to demonstrate high growth over next few years. The technology is expected to have high penetration initially into low-end products such as display backlights in hand held devices and will gradually move up to the ladder with maturity and improved performance. Although the technology is complementary to conventional silicon electronics, the ability to produce flexible circuits will allow the organic electronics to rapidly penetrate into applications such as flexible displays or e-paper, intelligent textiles, bio-sensors, RFID labels and intelligent packaging among many others.
Continuously expanding end-use segment beyond OLEDs display, OLED lighting and Organic Photovoltaics (OPV) has helped the organic electronic market to growth robustly. The high-speed performance, low power consumption and sharper display functionalities of OLED is triggering its faster deployment into displays application. On the contrary, Logic and Memory and RFID labels are gradually becoming segments of focus for OE manufactures because of high usability and numerous advantages for these application segments.
The organic electronics market is expected to be worth USD 8,235 million in 2012 will further attain market size of USD 44,795 million in 2018. The growth through 2018 will be supported by logics and memory, OLED displays, Organic Photovoltaics, OLED lighting, and OFRID. Most of the organic electronics applications will be newly created rather replacement for other electronics, which is one of the reasons for the high growth of the market.
For this research study, Displays market has been divided into three sub segments, OLED displays, Electrophoretic and Other display.The OLED displays segment is the largest segment and is expected to reach USD 10,450million in 2018. The Electrophoretic is expected to reach USD 3,950 million in 2018, yielding a CAGR of 58.4% from 2012 to 2018.
Organic electronics market players are now enjoying benefits from their years old research as the trend is moving towards 'green technology' and have gathered interest from end-user segment. Future applications such as printed batteries, electronic memory chip and organic sensors are already showing positive outlook. BASF Future Organization GmBH, Ciba Specialty Chemicals Holding Inc., Corning Incorporated, Eastman Kodak Firm, Merck KGaA, OSRAM GmbH and Samsung SDI Co.,TDK Corporation, and Tohoku Pioneer Corporation are among the leading players of organic electronics market. Other major players in the OE market include AGC Seimi Chemical Co., Ltd, Aixtron AG, Cambridge Display Technologies Ltd., E Ink Corporation, eMagin Corporation, H.C. Starck GmbH, Poly-Optical Products, Inc., Plastic Logic, Seiko Epson Corp., and Univision Technology, Inc.
This report is an effort to identify factors, which will be the driving force behind the organic electronics market and sub-markets in the next six years. The report provides extensive analysis of the organic electronics industry, current market trends, industry drivers and challenges for better understanding of the organic electronics market structure. The report has segregated the organic electronics industry in terms of application, and geography. The study presents a comprehensive assessment of the stakeholder strategies and winning imperatives for them by segmenting the global organic electronics market on the basis of:
- Display Market
- Organic Lighting Market
- Logic and memory
- Organic Radio Frequency identification tags(ORFID)
- Organic Sensors
- Organic photovoltaic
- Printed batteries market
- Asia Pacific
- ROW (Rest of the world)
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