By the end of 2021, the organic electronics market generated US$ 96.9 billion in revenue. The organic electronics market is anticipated to grow at a CAGR of 29.9% from 2022 to 2032, reaching US$ 1,705.1 Bn.
The use of organic molecules and specific types of polymers, which have the capacity to conduct electricity, in the development of semiconductors, electricity-conducting circuits, and electronic devices is known as organic electronics.
The organic electronic market is expanding as a result of advancements in polymer and organic chemistry. The market is still in its infancy and will take some time to develop, but as it finds uses in consumer electronics and healthcare, the market will undoubtedly expand.
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The organic electronics market refers to the use of organic materials in the development of electronic devices. Organic materials, such as carbon-based polymers, offer several advantages over traditional inorganic materials, such as silicon, including flexibility, low cost, and ease of manufacturing.
The global organic electronics market is expected to grow significantly in the coming years, driven by the increasing demand for organic materials in various industries, including healthcare, energy, and consumer electronics. The market is also expected to benefit from the increasing focus on sustainable and environmentally friendly materials.
Organic electronics have already found applications in various devices, including organic light-emitting diodes (OLEDs), organic photovoltaic (OPV) cells, organic thin-film transistors (OTFTs), and sensors. OLEDs are widely used in displays for mobile phones, televisions, and other electronic devices, while OPV cells are used for generating electricity from sunlight.
Overall, the organic electronics market is expected to continue to grow in the coming years, driven by the increasing demand for flexible, low-cost, and sustainable electronic devices.
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Companies currently developing organic electronics are chemical companies that develop organic materials like polymers and polycarbonates, which could be developed into creating organic electronic components.
- In September 2022, BASF and Solar Earth Technologies Ltd. (Solar Earth) have jointly created PIPV panels that can be installed on new as well as existing roads and other surfaces. BASF has developed and optimised the polyurethane (PU) for Solar Earth’s PIPV modules for superior wear resistance, excellent mechanical performance and extended product life.
Regional Analysis
In 2021, North America had the largest market share of 35.2%, and South Asia and the Pacific are estimated to have the fastest growth rate of CAGR at 32.7%.
Several organic companies which are developing organic electronic components are in North America, and this will fuel the growth of organic electronics. North America also has a large healthcare and medicine industry and manufacturing industry, which will allow the market to grow.
South Asia and the Pacific are witnessing a growth in the manufacturing and implementation of solar cells and batteries for providing electricity for country-wide purposes. The consumer electronics market in this region is also huge. For this reason, South Asia and the Pacific is the fastest growing region.
Organic Electronics by Category
By Material Type:
- Organic Conductor
- Organic Semiconductor
- Organic Dielectric
- Substrate
By Vertical:
- Healthcare & Medical
- Military & Defence
- Industrial Automation
- Consumer Electronics
- Others
By Application:
- 3D Printing
- Displays
- Logic & Memory
- OLED & LED Lighting
- Solar Cell & Batteries
- Sensors & Actuators
- Power Sources
- Others (Transistors, RFID etc.)
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