From GlobeNewswire: 2024-08-02 23:00:00

The Global Organic Electronics Market is projected to grow from USD 62.8 billion in 2023 to USD 334.5 billion by 2033, with a CAGR of 18.21%. Organic semiconductors offer unique advantages and have seen increasing demand, particularly in OLED displays. North America leads the market due to strong R&D infrastructure. Asia Pacific is expected to have the fastest growth, driven by technological advancements and cost-effective manufacturing.

Among the materials used in organic electronics, the semiconductor segment dominates due to its role in producing OLEDs and solar cells. Displays are expected to grow at the highest CAGR in the organic electronics market, fueled by the increasing use of OLED technology in consumer electronics. Key players in the market include Merck KGaA, BASF SE, and Sony Corporation.

In July 2024, RIKEN researchers developed a chemical to enhance the stability and performance of organic electronic devices. The market is segmented by material (semiconductor, conductive, dielectric, substrate), application (display, lighting, solar cells, system components), and end-user (consumer electronics, healthcare, automotive). Asia Pacific is poised for rapid growth, driven by technological advancements in countries like China, India, and South Korea.

North America holds the largest share of the Organic Electronics Market, with a strong emphasis on sustainability and innovation. The region’s robust R&D infrastructure and entrepreneurial ecosystem have accelerated the development of organic electronics. Competitive analysis evaluates key players’ product offerings, market presence, and SWOT analysis. Major vendors in the market include DuPont, Covestro AG, and Sumitomo Chemical Co., Ltd.



Read more at GlobeNewswire: Global Organic Electronics Market Size To Worth USD 334.5