“Organic materials are usually better for the environment than the usual non-organic stuff in electronics. This matches the rising need for eco-friendly technology. Ongoing research makes organic materials work even better, so they can be used in more ways.”
New York, Sept. 05, 2023 (GLOBE NEWSWIRE) — According to Market.us, The Global Organic Electronics Market Size accounted for USD 58 billion in 2022 and is estimated to garner a market size of USD 381 billion by 2032; rising at a CAGR of 21.3% from 2023 to 2032.
The organic electronics market for the sector focused on the development, production, and application of electronic devices and components using organic materials like organic semiconductors and conductive polymers. These materials exhibit properties that enable the formation of flexible, lightweight, and price-effective electronics, including displays, sensors, photovoltaics, and wearable devices. This market’s growth is driven by advancements in organic materials, the potential for larger area manufacturing, and the potential for innovative applications in different industries like consumer electronics, healthcare, and energy.
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Key Takeaway:
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By Material, the semiconductor held a significant market share of 42% in 2022.
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By Components, the active held a significant market share of 63% in 2022.
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By Application, the display segment has dominated the market, growing at a CAGR of 32.1% from 2023 to 2032.
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By End-User, the consumer electronics segment has dominated the market.
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In 2022, North America dominated the market with the highest revenue share of 35.2%.
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Asia-Pacific will grow at the highest CAGR of 29.8% from 2023-2032.
Factors Affecting the Growth of the Organic Electronics Market
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Flexible and Lightweight Devices: Organic materials allow for the creation of flexible and lightweight electronic devices, enabling innovative applications like foldable displays and wearable electronics.
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Energy Efficiency: Organic electronic components can be energy-efficient, leading to longer battery life and reduced power consumption in various devices.
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Cost-Effectiveness: Organic materials can be produced using relatively low-cost manufacturing techniques, potentially reducing production costs for electronics.
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Large-Area Manufacturing: Organic electronics can be fabricated over large areas using techniques like printing and roll-to-roll processing, offering scalability and lower production costs.
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Environmental Sustainability: Organic materials are often more environmentally friendly than traditional inorganic materials used in electronics, aligning with the growing demand for sustainable technologies.
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Innovative Applications: Organic electronics enable novel applications such as flexible displays, electronic skin, smart textiles, and biodegradable electronics.
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Rapid Technological Advancements: Ongoing research and development efforts lead to continuous improvements in organic materials’ performance, boosting their suitability for a wider range of applications.
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Top Trends in the Global Organic Electronics Market
A number of revolutionary phenomena are now influencing the trajectory of the worldwide market for organic electronics and its effects across sectors. The incorporation of organic electronics into wearable technology and smart fabrics is one of the dominant themes.