Transparency Market Research (TMR), a market intelligence company based in the U.S., projects the global organic electronics market to grow at a CAGR of 32.6% from 2012 to 2018. The report, titled “Organic Electronics Market – Global Industry Analysis, Market Size, Share, Growth and Forecast 2012-2018″, is available on the company website for sale. The TMR study points out that the organic electronics market has tremendous potential in the fields of display technologies and electronic circuits, and is expected to register high growth rates in the coming years. The growth of the organic electronics market will be boosted by a combination of OLED lighting, OLED displays, OFRID, and organic photovoltaics.
As per the TMR study, the displays segment held the largest share of the organic electronics market. For the purpose of the study, the displays segment is segregated into electrophoretic, OLED displays, and other displays. Of these, OLED displays are projected to lead the organic electronics market and are projected to be worth US$10,450 million by 2018. This is due to their low energy consumption, high-speed performance, and sharp display features. Further, the study found the electrophoretic sub-segment is projected to be worth US$3,950 million by 2018, growing at a CAGR of 58.4% for the study period. Additionally, the continuous expansion of end-use applications beyond OLED lighting, OLED displays, and organic photovoltaics (OPV) is responsible for the robust growth of the global organic electronics market, as per the study analysis. Moreover, RFID labels and logic and memory are increasingly becoming the prime focus for OE manufacturers due to the high usage of these segments in the organic electronics market.
TMR’s findings show organic electronics will mostly be newly created rather than used as a replacement for other existing electronics, which will drive the growth of the market. Moreover, organic electronics, in spite of being capable of complemented with conventional silicon electronics, have the ability to produce flexible circuits. Owing to this trait, organic electronics have a rapidly increasing application base for flexible displays such as intelligent textiles, RFID labels, e-paper, bio-sensors, and intelligent packaging.
For the purpose of the study, the global organic electronics market is segmented into Asia Pacific, the U.S., Europe, and Rest of the World (RoW). In the geographical scenario, Asia Pacific is expected to lead the organic electronics market by revenue till 2018. As per the TMR research findings, Asia Pacific will boast a 50% share of the total revenue of the global organic electronics market in 2018 and will be followed by Europe.