The global organic semiconductor market is growing rapidly. The market rise attributes to the increasing uses of organic semiconductors in organic photovoltaic (OPV), OLED lighting, printed batteries, organic RFID tags, and display applications. Besides, the rising production of electronic components, such as light-emitting diodes, solar cells, and transistors, increases the organic semiconductor market size.
With the rising demand for
organic semiconductors and nanomaterials, the market is projected to witness
significant traction in the future. In this regard Market Research Future
(MRFR) states that the global organic semiconductor market is poised to garner
exponential valuation by 2027, registering an impressive CAGR during the
assessment period (2020–2027).
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Organic Semiconductor Market Players
Players leading the organic
semiconductor market include Bayer AG (Germany), BASF SE (Germany), Koninklijke
Philips N.V. (Netherlands), Novaled GmbH (Germany), Merck & Co. (US),
Samsung (South Korea), LG (South Korea), Sony Corporation (Japan), Universal
Display Corporation (US), Dupont (US), Sumitomo Corporation (Japan), AU
Optronics (Taiwan), Toyota Riken (Japan), and Sigma-Aldrich (US), among others.
Miniaturized
Organic Semiconductors are Trending
Over the last couple of years,
organic semiconductor technology has evolved dramatically. There have been
major innovations such as printed sensors, including organic & flexible
sensors opening new avenues in the healthcare, automotive, supply chain
logistics, and other sectors. Increasing customer preference for rigid
substrates such as glass, ITO-glass, silicon, and flexible substrates
substantiate the market's growth.
Lack of
Expertise and Budgets are Major Headwinds
The lack of expertise and R&D
budget constraints are significant factors projected to restrict the market
growth, hampering the developments of existing systems. Nevertheless,
technological advances expected in recent years would support market growth throughout
the assessment period, bringing the required expertise and reducing the overall
cost of organic semiconductors.
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Global Organic Semiconductor
Market – Segmentation
The report is segmented into
types, applications, and regions. The type segment is sub-segmented into polyethylene,
polyaromatic ring, and copolymer. The application segment is sub-segmented into
system components, organic photovoltaic (OPV), OLED lighting, printed
batteries, organic RFID tags, and display applications. The region segment is
sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.
Global Organic Semiconductor
Market – Regional Analysis
The Asia Pacific region dominates
the global organic semiconductor market. The largest market share attributes to
rising technological advances and focuses on using renewable energy sources
across the industry verticals. The availability of technologies is a key
driving force behind the market growth in the region.
Additionally, the presence of
many electronics manufacturing companies in the region fosters the growth of
the market. China, Japan, and India are key organic semiconductor markets,
driving the regional market growth substantially.
Global Organic Semiconductor
Market – Competitive Analysis
Highly competitive, the organic
semiconductor market appears fragmented, with several well-established players
forming a competitive landscape. These players incorporate strategies such as
mergers & acquisitions, innovation, and expansion remain prevailing key
trends for the leading industry players as these strategies support their
growth and expansion plans.
They deliver reliable,
leading-edge products and services. Market players also invest substantially to
drive R&D activities and expansion plans. These companies focus on product
development following organic and inorganic growth approaches. The market
competition is expected to intensify further due to new product launches and
new entrants.
Industry/ Innovation/
Related News
Oct.08, 2020 --- HKU Engineering team announced the
development of novel miniaturized organic semiconductors. This important
breakthrough is essential for future flexible electronic devices. Field-Effect
Transistors (FET) are the core building blocks of modern electronics such as
integrated circuits, computer CPUs, and display backplanes. The new Organic
Field-Effect Transistors (OFETs) use organic semiconductors as a channel for
current flows. Also, these components have wider advantages compared to their
inorganic counterparts like silicon.
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