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Organic Electronics Market is Expected to Reach $79.6 Billion, Globally, by 2020

Organic RFID (ORFID) holds just about 2% of the global market due to its limited application in the prevailing market conditions. Contrary to the current market scenario, ORFID is anticipated to witness tremendous growth through 2020, and would outpace any other application area. Key factor for such remarkable growth is attributed to its ability to substitute silicon based RFID. ORFID would be a cost effective option for tags, as the materials and manufacturing costs would lower over the period of time.

Organic Electronics Market Report, published by Allied Market Research, forecasts that the global market is expected to $79.6 million by 2020, registering a CAGR of 29.5% during the period 2014-2020.Organic displays are the largest revenue source for the organic electronics market, accounting to nearly 2/3rdof the market. OLED displays, which find application in laptops, tablets and TV sets, hold lions share in the global organic electronics displays market. Asia Pacific generates about 63.5% of the revenue for the global market due to the fact that Asia Pacifics home for almost 3/4th of the global electronics manufacturing industry, which is the primary application area for organic electronics.

Organic Electronics Market

Growing appeal towards pollution-free and renewable energy sources has brought the evolution of photovoltaic technology, and the demand for the PV’s is expected to witness marked growth during the forecast period. High initial investment is the only hurdle to the adoption of PV’s in countries that are witnessing energy crisis. Technological advancements would eventually pave the way for a widespread acceptance of the technology. The positive momentum consequentially would spur the demand for organic components used in OPV, DSSC and CIGs. The cut-throat competition among the LCD display manufacturers for the last few years is the key reason for OLED displays to gain competitive advantage. Irrespective of its expensiveness, OLED displays have gained momentum and the advent of flexible OLED proved revolutionary for OLED manufacturers.

Organic RFID (ORFID) holds just about 2% of the global market due to its limited application in the prevailing market conditions. Contrary to the current market scenario, ORFID is anticipated to witness tremendous growth through 2020, and would outpace any other application area. Key factor for such remarkable growth is attributed to its ability to substitute silicon based RFID. ORFID would be a cost effective option for tags, as the materials and manufacturing costs would lower over the period of time.

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The market growth is strengthened due to government incentives and other favorable policies that promote innovations in organic electronics. As this industry is in its early growth stage, the companies are strategically focusing on new and innovative product development. This specific focus is to achieve product differentiation and thus gain competitive advantage over the competitors. Continuous technological encroachments, specifically in the sector of organic electronics, have led the market to a completely new horizon. A strong and strategic business relation with the OEM manufacturers and the pure technology solution providers is an inevitable requisite to sustain in the competitive market. Key companies profiled in the report include Fujifilm Dimatix, Inc., Bayer Materialscience AG,H.C. STARCK, AGC Seimi Chemical Co., Ltd., Sumitomo, Polyic, Heliatek, Novaled, Merck Kgaa, Evonik, BASF Materialscience AG.

Analyst Review:

Organic displays are the largest revenue source for organic electronics markets and it hold more than 30% of the market share. Further, OLED displays is the largest revenue generating display type in the organic electronics market. OLED displays find application in laptops, tablets, TV sets and other electronic displays. Asia Pacific, geographically, is the leading region  in terms of revenue generation  as most of the buyers of organic electronics products are the manufacturers of electronic products such as mobile devices and television sets. The fact that the electronic industry is the key application sector, APAC countries are leading the market.

Photovoltaic is another prospective application area for organic electronic products and holds huge potential due to the growing demand for pollution free and renewable energy sources. High initial investment is the only hurdle to the adoption of PV’s in countries that are witnessing energy crisis. Technological advancements would ultimately pave the way for an extensive acceptance of the technology. The positive momentum consequentially would shoot the demand for organic components used in OPV, DSSC and CIGs.

The cut-throat rivalry among the LCD display manufacturers for the last few years is the key reason for OLED displays to gain competitive advantage. Irrespective of its expensiveness, OLED displays have gained momentum and the advent of flexible OLED have proved to be a revolutionary breakthrough for OLED manufacturers. In the current scenario, ORFID holds a very small share in the market, but, the probability of ORFID to replace RFID gives it a potential to grow in future.

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