Organic Electronics Market

Organic Electronics Market Outlook (2022-2032)

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.

2017-2021 Organic Electronics Market Demand Outlook Compared to 2022-2032 Forecast

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.

Adoption of latest technology has significantly increased the demand for organic technology to support sustainable development.

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.

Regional Analysis

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.

Country wise insights

Technological Advancements to Drive the Growth of Organic Electronics Market in USA

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.

Growing Disposable Income and High Demand for Consumer Electronics to Drive the Demand For Organic Electronics in India

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.

Large Chemical Industry to Act as a Driver for Organic Electronics In Germany

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.

Category wise Insights

Why Are the Organic Semiconductors Expected to Have the Highest Growth Rate?

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%.

Why Organic Electronics Are Estimated to Dominate the Consumer Electronics Market?

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%.

Why Are Solar Cells and Batteries Estimated to Grow the Fastest for The Organic Electronics Market?

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%.

Competitive Landscape

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.

• In September 2022, BASF and Solar Earth Technologies Ltd. (Solar Earth) have jointly created PIPV panels that can be installed on new as well as existing roads and other surfaces. BASF has developed and optimised the polyurethane (PU) for Solar Earth's PIPV modules for superior wear resistance, excellent mechanical performance and extended product life.
• In March 2022, AGC Inc. (AGC), a leading global manufacturer of chemicals, glass and high-tech materials, offers transparent antennas for Fixed Wireless Access for Customer Premises Equipment (FWA-CPE), installed on indoor window glass to enhance indoor environments and develop the 5G millimetre wave band (28GHz) in the communication area. AGC will aim to optimise performance as well as verify reliability, with the aim of bringing the antenna to the market in 2024.

Scope of report

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	AGC INC BASF SE COVESTRO AG Evonik Industries AG H.C Starck Inc. Heliatek GmbH Merck Group Novaled GmbH POLYIC GMBH & CO. KG Sumitomo Corporation
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Organic Electronics by Category

By Material Type:

• Organic Conductor
• Organic Semiconductor
• Organic Dielectric
• Substrate

By Vertical:

• Healthcare & Medical
• Military & Defence
• Industrial Automation
• Consumer Electronics
• Others

By Application:

• 3D Printing
• Displays
• Logic & Memory
• OLED & LED Lighting
• Solar Cell & Batteries
• Sensors & Actuators
• Power Sources
• Others (Transistors, RFID etc.)