The report states that there are still a few areas that left to be addressed, such as the lifetime of the devices and improvement in processes and materials. Until these challenges are addressed, they will continue to threaten the growth of the organic electronics market.
Albany, NY -- (SBWIRE) -- 03/28/2016 -- Organic electronics hold immense potential in the area of electronic circuits and display technology. Fueled by a combination of OLED displays, OLED lighting, and organic photovoltaics, the global market for organic electronics is poised to witness strong growth over the next three years.
The research report offers a comprehensive overview of the definition, structure, classification, application, technology, scope, and dynamics of the global organic electronics market. The 124-page report, with the help of several tables and figures, presents a qualitative as well as quantitative picture of the organic electronics market for the period 2012-2018. Segmenting it on the basis of application and geography, the report studies every nuance of the market in depth and identifies as well as examines the various factors driving the market. In addition, the report assesses the hurdles that stand in the way of the growth trajectory and present practical and unbiased solutions for the same.
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An evaluation of the competitive landscape of the global organic electronics market reveals the prominent players contributing towards the development of the market and also reveals their strengths, weaknesses, opportunities, and threats.
Overview of the Organic Electronics Market
The research report indicates that the global market for organic electronics is likely to develop at an astounding CAGR of 32.60% from 2012 to 2018, the report's forecast period. This impressive growth can be attributed to a number of factors, including improving performance capabilities of organic electronics, rise in application areas, growing adoption, increasing investments in the field of organic electronics worldwide, declining prices of the electronics, and government support and initiatives.
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However, the report states that there are still a few areas that left to be addressed, such as the lifetime of the devices and improvement in processes and materials. Until these challenges are addressed, they will continue to threaten the growth of the organic electronics market.
Organic electronics find application in organic lighting, displays, organic radio frequency identification tags (RIFD), logic and memory, printed batteries, and organic photovoltaics. OLED displays dominate the overall organic electronics market owing to surging demand for OLED TVs, growing support for green products, benefits of OLED technology, and increasing applications of OLED technology in signage and mobile phones.
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Among the four major regional markets for organic electronics – U.S., Europe, Asia Pacific, and Rest of the World, the APAC region leads the global market in terms of revenue, accounting for a 50% share by 2018.
Companies Mentioned in the Report
The major players functioning within the global organic electronics market include PolyIC GmbH & Co. KG, AGC Seimi Chemical Co. Ltd., Bayer MaterialScience AG (Covestro), BASF, Sumitomo Electric Industries, Ltd., H.C. Starck, Novaled GmbH, Heliatek GmbH, Merck & Co., Fujifilm Dimatix, Inc., and Evonik Industries.
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