Organic Electronics Market - Global Industry Analysis, Market Size, Share, Growth and Forecast 2012 - 2018
Albany, NY -- (SBWIRE) -- 02/03/2017 -- Organic electronics represent a highly promising technology that is anticipated to offer enhanced functionality including better interfacing capabilities with biological systems as compared to inorganic materials. Increased biocompatibility of organic materials is leading to biomedical applications such as neuron interfacing. These implementations are opening up unprecedented opportunities for neurophysiology. Due to their low material utilization and simple processing methods, these devices are estimated to emerge as a low-cost alternative to traditional inorganic materials.
The report on the global organic electronics market has been compiled using information from a number of press releases, journals, white papers, presentations, and paid databases. It serves as an essential source for information regarding the market drivers and competitive landscape. For a coherent understanding, it presents the market's growth across various segments in terms of revenue as well as value.
Global Organic Electronics Market: Drivers and Restraints
The global organic electronics market is expected to flourish with the rapid growth of the consumer electronic goods industry. The rising disposable income of consumers coupled with declining prices of electronics is boosting the demand for consumer electronics, thereby fuelling the growth for the global organic electronics market. Moreover, favorable government initiatives and policies are paving way for increasing investments in this market worldwide. Other factors driving the market are increasing application areas and improving performance capabilities of organic electronics.
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On the flip side, the low lifetime of these devices is adversely affecting the growth of the market. Furthermore, non-compatibility with conventional goods and lack of robustness are causing potential hurdles for the large scale adoption of organic electronics, thereby restraining the growth of the global organic electronics market. Other factors hampering the growth of the market are complicated fabrication of materials, low electrical conductivity, low water resistance, high development cost, and presence of competent technologies.
Global Organic Electronics Market: Application Segmentation
On the basis of application, the global organic electronics market is segmented into organic lighting, organic radio frequency identification tags (RFID), organic photovoltaic, display, logic and memory, organic sensors, and printed batteries. Display will continue to be the leading segment until 2018 in terms of value. This segment can be further segmented into electrophoretic, OLED display, and others. Due to rising OLED applications in mobile phones and their high-speed performance, OLED display will continue to be the dominant segment throughout the forecast period, with a valuation of US$10,450 mn by 2018. The increasing demand for OLED displays can be attributed to their low energy consumption, sharp display features, and high-speed performance.
However, the low penetration rate of technology coupled with high manufacturing costs is likely to impede the growth of this segment. The electrophoretic segment is anticipated to rise at a tremendous CAGR of 58.4% during the same period. The logic and memory and organic RFID segments are expected to grow at a significant pace over the forecast period.