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The global organic electronics market has been forecast to increase at a compound annual growth rate (CAGR) of 31.5% through to 2015, driven by the demand for cost-effective materials and the increasing investment in R&D.
Organic electronics are a branch of electronics dealing with conductive polymers and conductive small molecules. They are referred to as 'organic' electronics because the polymers and small molecules are carbon-based. This contrasts with traditional electronics, which relies on inorganic conductors and semiconductors, such as copper and silicon, respectively.
Organic electronics are one of the most disruptive technologies for electronic circuits and display technologies, and is set to demonstrate high growth over next few years. The technology is expected to have high penetration initially into low-end products such as display backlights in hand held devices and will gradually move up to the ladder with maturity and improved performance.
Although the technology is complementary to conventional silicon electronics, the ability to produce flexible circuits will allow the organic electronics to rapidly penetrate into applications such as flexible displays or e-paper, intelligent textiles, bio-sensors, RFID labels and intelligent packaging among many others.
Increasing investment in the R&D of organic electronics is one of the most significant trends observed in this market. Such research initiatives help increase the awareness about the various applications of organic electronics and will thus create a market demand for such products.
Furthermore, companies are increasingly investing in R&D to develop methods to extend the lifetime of organic electronics so that their adoption can increase in the global electronics market.
Organic electronics market players are enjoying benefits from their years of research as the trend is moving towards 'green technology' and have gathered interest from end-user segment. Future applications such as printed batteries, electronic memory chips and organic sensors are already showing positive outlook.
BASF Future Organization GmBH, Ciba Specialty Chemicals Holding Inc., Corning Incorporated, Eastman Kodak Firm, Merck KGaA, OSRAM GmbH and Samsung SDI Co.,TDK Corporation, and Tohoku Pioneer Corporation are among the leading players within the organic electronics market.
Having reached a value of US$8,235 million in 2012, the organic electronics market has been forecast further growth over the next five years, hitting a market value of US$44,795 million in 2018.
The growth through 2018 will be supported by logics and memory, OLED displays, Organic Photovoltaics, OLED lighting, and OFRID.
For more information on the global organic electronics market, see the latest research: Global Organic Electronics Market
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