Organic electronic Market Expected to Reach $159.11 Billion by 2027

According to a recent report published by Allied Market Research, titled, “Organic Electronic Market by Material, and Application:  Opportunity Analysis and Industry Forecast, 2020-2027,” the global organic electronic industry size was valued at $46.12 billion in 2019, and is projected to reach $159.11 billion by 2027, growing at a CAGR of 21.0% from 2020 to 2027.

In 2019, Asia-Pacific dominated the organic electronic market share among all analyzed regions, contributing more than 40% share of the overall revenue. Adoption of organic electronic in various industries has fueled the Organic electronic market growth. Moreover, key players are continuously taking efforts to improve this technology and its applications in industries.

Factors such as increase in demand due to adoption of technologies supporting sustainable development, demand for various applications, and need of organic electronic in latest technologies are expected to boost the adoption of organic electronic. Presently, the global Organic electronic market growth is driven by the display segment, owing to the high demand for advanced image quality. Moreover, the display segment offers lucrative opportunities for due to increased funding for development of flexible displays in these sectors.  

As per the analysis, COVID-19 pandemic has impacted the organic electronic market due to disruptions in supply chains. Further, lockdowns, travel restrictions and infection awareness among the people have hampered the market demand and slowed down the process of advancement. However, the organic electronics market is expected to pick its pace by 2021.

Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue generator in 2019, accounting for $18.96 Billion, and is estimated to garner $69.05 billion by 2027, growing at a CAGR of 21.9%. 

As per the organic electronic market analysis, the market is segmented into material, application and region. The material is further categorized into semiconductor, conductive and dielectric & substrate. The application segment is classified into display, lighting, battery, conductive ink and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players operating in the organic electronic market include AGC INC., BASF SE, COVESTRO AG, Evonik Industries AG, H.C. Starck Inc., Heliatek GmbH, Merck Group, Novaled GmbH, POLYIC GMBH & CO. KG and Sumitomo Corporation, which are profiled in this report.

Key Findings Of The Study

• By Material, the semiconductor organic electronic held the highest revenue of $33.89 Billion in 2019 and contributed a major part in the organic electronic market share.
• By application, the display segment held the highest revenue share of the market in 2019, generating $24.88 Billion as per the organic electronic market analysis.
• By end user, the aviation segment held the highest revenue share of the market in 2019, generating $1,765.6 Billion as per the industry analysis.
• By region, Asia-Pacific is expected to dominate the market, garnering a major revenue share during the forecast period.

Key players

• 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