Organic Electronic Market to Grow with a CAGR of 10.6% through 2029

Rising R&D investments, demand for flexible electronics, and advancements in manufacturing technologies propel the growth of the market during forecast period. 

According to TechSci Research report, “Organic Electronic Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”,The Global Organic Electronic Market was valued at USD 79 Billion in 2023 and is expected to grow at a CAGR of 10.6% through 2029. The Organic Electronic market is witnessing significant growth, driven by several key factors. Increasing investments in research and development are leading to advancements in organic materials and manufacturing processes, making organic electronics more efficient and cost-effective. The growing demand for lightweight, flexible, and energy-efficient electronic products is a major driver, as these characteristics are highly valued in consumer electronics, wearable devices, and healthcare applications. The expanding application of organic electronics in sectors such as automotive, where they are used in displays, lighting, and sensors, further fuels market growth.

The environmental benefits of organic electronics, such as reduced energy consumption and the potential for biodegradable components, align with the increasing global emphasis on sustainability and eco-friendly technologies. Government initiatives and favorable policies supporting green technology and sustainable development are also promoting the adoption of organic electronics. The development of smart cities and the Internet of Things (IoT) infrastructure provides additional growth opportunities, as organic electronics can be integrated into various smart devices and systems.

Collaborations between academia, industry, and research institutions are accelerating innovation and commercialization of organic electronic technologies. The rising consumer preference for advanced, high-performance electronic devices with enhanced functionalities is driving manufacturers to incorporate organic electronics into their product offerings, thereby boosting market expansion. 

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Based on Application, the display segment held the largest market share in 2023.  The Organic Electronic Market in the display segment is experiencing significant growth, driven by several key factors. One of the primary drivers is the increasing demand for advanced display technologies in consumer electronics, particularly smartphones, tablets, and wearable devices. Organic Light Emitting Diode (OLED) displays offer superior image quality, higher contrast ratios, and faster response times compared to traditional LCD displays, making them highly desirable for high-end devices. The shift towards OLED technology is further supported by the growing trend of bezel-less and foldable displays, which require the flexibility and thinness that organic electronics provide.

The rising popularity of smart TVs and the increasing adoption of high-definition (HD) and ultra-high-definition (UHD) displays are propelling the demand for organic electronic materials. OLED displays, with their ability to deliver vibrant colors and deep blacks, are becoming the preferred choice for premium television manufacturers. The expanding market for smart home devices and the integration of advanced display technologies in home entertainment systems are also contributing to the growth of the organic electronic market in the display segment.

Advancements in organic electronic materials and manufacturing processes are playing a crucial role in driving market growth. Continuous research and development efforts are leading to the development of new organic semiconductors, conductive polymers, and small molecules that enhance the performance and durability of organic displays. Improved manufacturing techniques, such as inkjet printing and roll-to-roll processing, are enabling cost-effective production and large-scale manufacturing of organic electronic components, further boosting market expansion.

Environmental sustainability and energy efficiency are also significant drivers for the organic electronic market. OLED displays consume less power compared to traditional display technologies, contributing to longer battery life in portable devices and reducing energy consumption in large displays. The eco-friendly nature of organic materials, which are typically more biodegradable and less harmful than conventional inorganic materials, aligns with the growing consumer preference for environmentally sustainable products.

The increasing investments by key players in the display industry are accelerating the adoption of organic electronics. Major companies are investing heavily in research and development to innovate and commercialize new organic display technologies. Strategic partnerships and collaborations among industry players are facilitating the exchange of expertise and resources, driving technological advancements and market growth.

The growth of the organic electronic market in the display segment is driven by the rising demand for high-quality, flexible, and energy-efficient displays in consumer electronics, the advancements in organic materials and manufacturing processes, and the increasing focus on environmental sustainability. These factors, coupled with significant investments by industry leaders, are shaping the future of display technologies and driving the widespread adoption of organic electronics in the display segment. 

Key market players in the Global Organic Electronic Market are: -

• Merck Group
• Sumitomo Corporation
• BASF SE
• H.C. Starck Tungsten GmbH 
• PolyIC GmbH & Co. KG
• Evonik Industries AG
• AGC Group
• Novaled GmbH
• Covestro AG

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“The Global Organic Electronic Market is expected to rise in the upcoming years and register a significant CAGR during the forecast period. The Organic Electronic market provides various opportunities impacted by several critical factors. Substantial investments in research and development are catalyzing advancements in materials and manufacturing processes, thereby improving the performance and cost-effectiveness of organic electronics. The expanding use of organic electronics in healthcare, consumer electronics, and automotive industries is accelerating market growth. Therefore, the Market of Organic Electronic is expected to boost in the upcoming years”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Organic Electronic Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. Segmented by Material (Semiconductor, Conductive and Dielectric & substrate), By Application (Display, Lighting, Battery, Conductive Ink and Others), By Region and Competition, 2019-2029F”, has evaluated the future growth potential of Global Organic Electronic Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Organic Electronic Market.

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