The organic electronics market revenue by the end of 2021 was US$ 96.9 Bn. The organic electronics market is expected to reach US$ 1,705.1 Bn by 2032, as it is estimated to grow at a CAGR of 29.9% for 2022-2032.
| Attributes | Details |
|---|---|
| Estimated Year (2022) Market Value | US$ 96.9 Billion |
| Projected Year (2032) Market Value | US$ 1,705.1 Billion |
| CAGR% (2022 to 2032) | 29.9% |
| Top 5 Vendor Market Share | Around 40% |
Organic electronics is the application of organic molecules and certain types of polymers, which have the ability to conduct electricity, to develop semiconductors, electricity-conducting circuits, and electronic devices.
The organic electronics market is estimated to grow at a CAGR of 29.9% for the forecast period of 2022–2032.
Development in organic chemistry and polymer technology is helping in the growth of the organic electronic market. The market is relatively nascent and will need time to improve, but as it finds applications in consumer electronics and healthcare, the market is bound to grow.
The rate of acceptance and development of environmentally friendly technologies has increased throughout time. The market demand for organic electronics is growing due to the utilisation of sustainable energy sources like organic batteries and biodegradable materials in technological advancements like OLEDs. Because organic devices are simpler to dispose of in the environment, governments all over the world support them. Additionally, organic electronics use less energy to operate, resulting in energy-saving solutions.
In 2021, North America had the largest market share of 35.2%, and South Asia and the Pacific are estimated to have the fastest growth rate of CAGR at 32.7%.
Several organic companies which are developing organic electronic components are in North America, and this will fuel the growth of organic electronics. North America also has a large healthcare and medicine industry and manufacturing industry, which will allow the market to grow.
South Asia and the Pacific are witnessing a growth in the manufacturing and implementation of solar cells and batteries for providing electricity for country-wide purposes. The consumer electronics market in this region is also huge. For this reason, South Asia and the Pacific is the fastest growing region.
The United States is technologically advanced, having adopted advanced technologies such as AI, machine learning, and IoT in the past, making a positive contribution to its growth. Additionally, the United States is adopting digital signage and other advanced display technologies in consumer electronics, which is evidently driving the growth of the market.
Due to the technological advancements and investments which are made for research and development in this country, USA is estimated to be a large market for organic electronics.
India has a large population due to which it can act as a big marketplace for consumer electronics, boosting the growth of organic electronic components. The increasing income of the middle class in the country is another factor allowing greater expenditures on consumer electronics.
Germany has a large chemical industry, which could drive the development of organic electronics and a manufacturing industry that requires electronic components. Companies and consumers are developing an interest in organic electronic technology and its applications since it is eco-friendly and low-cost.
Semiconductors are the most widely used electronic components in consumer and industrial sectors. As there are developments in organic electronic components, their applications can be used in developing semiconductors for various purposes.
Organic electronics also cost less than inorganic semiconductor materials. For this reason, the market share for organic semiconductors is estimated to increase at a CAGR of 34.4%.
Organic Semiconductors have a wide range of applications in various electronic components. LEDs, printed circuit boards, inkjet printers, and so on.
If the application of organic electronics can extend to the mobile phone and communication industries and the automotive industry, the demand for organic electronics can sky rocket.
For this reason, the consumer electronics segment is estimated to have the largest market share for the forecast period. For the year 2021, the market share was 32.1%.
Solar cells are at the forefront of renewable energy, and several countries are moving toward the implementation of environmentally friendly means of generating energy. Solar cells have applications in consumer electronic devices as well.
For this reason, solar cells and batteries are estimated to witness a CAGR growth of 36.1%.
Companies currently developing organic electronics are chemical companies that develop organic materials like polymers and polycarbonates, which could be developed into creating organic electronic components.
| Attribute | Details |
|---|---|
| Market value in 2021 | US$ 96.9 Billion |
| Market CAGR 2022 to 2032 | 29.9% |
| Share of top 5 players | Around 40% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America, Latin America, Europe, South Asia & Pacific, East Asia and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, UK, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, GCC Countries, Turkey and South Africa |
| Key Segments Covered | Material type, vertical and application |
| Key Companies Profiled |
|
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Some leading companies are AGC Inc., BASF SE, Evonik Industries and Novaleb GmbH.
South Asia & Pacific is estimated to have the highest growth for the organic electronics market during the forecast period of 32.7%.
Environmentally friendly, low-cos and wide availability of raw materials.
Organic semiconductors had the largest market share for the organic electronics market of 24.4% in 2021.
Solar cells and batteries have the highest CAGR of 36.1% for the forecast period.
U.S.A, U.K, India, China and Japan.
The market share of South Asia and Pacific for the year 2021 is 10.2%.
North America had a market share of 35.2% in 2021 for organic electronics market.
For the organic electronics market, MEA had the market share of 5.1% for 2021.
The estimated market value for organic electronics market for the year 2022 is US$ 124.3 Bn.
For East Asia region, the CAGR for the forecast period is estimated to be 30.8%.
Explore Similar Insights
Organic Electronics Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
