The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The organic electronics market has witnessed exponential growth, surging from $51.09 billion in 2023 to $61.85 billion in 2024, showcasing an impressive compound annual growth rate (CAGR) of 21.1%. This remarkable expansion is credited to various factors, including energy efficiency, substantial investments in research and development, low manufacturing costs, and the adoption of flexible and lightweight materials.

Factors Driving Historic Growth

• Energy efficiency
• Investment in research and development
• Low manufacturing costs
• Flexible and lightweight materials

Future Projections: A Technological Revolution

The organic electronics market is poised for rapid growth, projected to reach $124.01 billion in 2028, with a CAGR of 19.0%. This growth is attributed to advanced materials development, the growth of biocompatible electronics, applications in the Internet of Things (IoT), and the surge in demand for foldable displays. Major trends in the forecast period include the integration of artificial intelligence (AI) and machine learning (ML), digital health innovations, smart packaging, and the widespread use of RFID and sensor technologies.

Trends Shaping the Future

• Artificial intelligence (AI) and machine learning (ML)
• Digital health innovations
• Smart packaging
• RFID and sensor technologies

Rising Demand For Wearable Devices Drives Market Growth

The organic electronics market is set to soar, fueled by the increasing demand for wearable devices. Wearable devices, equipped with sensors and connectivity features, are leveraging organic electronics for their flexible and lightweight components, enhancing user comfort and electronic functionality. Notably, Vicert reported that 533.6 million wearable devices were shipped in 2021, demonstrating a significant market demand.

Impact on Organic Electronics Market

• Utilization of organic electronics in wearable devices
• 6 million wearable devices shipped in 2021

View More On The Organic Electronics Market Report 2023 – https://www.thebusinessresearchcompany.com/report/organic-electronics-global-market-report

Innovation In The Organic Electronics Market

Major players in the organic electronics market, including BASF SE, Sony Group Corporation, and Samsung Display, are at the forefront of innovation, developing groundbreaking products such as flexible OLED. Flexible OLED, based on a flexible substrate, is gaining momentum due to its improved flexibility, dependability, and longevity. Merck KGaA, for instance, introduced new barrier materials utilizing low-temperature plasma-enhanced atomic layer deposition (PE-ALD) technology, enhancing barrier performance and reducing costs.

Notable Innovations

• Introduction of flexible OLED by Merck KGaA
• New barrier materials with improved performance

Samsung Expands Footprint With Strategic Acquisition

In a strategic move in June 2023, Samsung Electronics acquired Cynora GmbH for $300 million, aiming to bolster its presence in the organic electronics market. This acquisition provides Samsung with access to Cynora’s TADF OLED technology, enabling the development of new products and applications. Cynora GmbH, a German manufacturer of organic electronics, brings valuable expertise to Samsung’s portfolio.

Strategic Acquisition

• Samsung acquires Cynora GmbH for $300 million
• Access to Cynora’s TADF OLED technology

Market Segmentation: Navigating Diversity

The organic electronics market is segmented based on material, application, and end-user, offering a nuanced understanding of its dynamics.

Market Segmentation

1. Material:
   • Semiconductor
   • Conductive
   • Dielectric
   • Substrate
2. Application:
   • Display
   • Lighting
   • Battery
   • Conductive Ink
   • Other Applications
3. End User:
   • Consumer Electronics
   • Healthcare
   • Automotive
   • Energy
   • Aerospace And Defense
   • Other End Users

Regional Dynamics: Asia-Pacific Takes the Lead

In 2023, Asia-Pacific emerged as the largest region in the organic electronics market, underscoring the region’s dominance in the industry.

Regional Insights

• Asia-Pacific leads in 2023

Request A Sample Of The Global Organic Electronics Market Report 2023:

https://www.thebusinessresearchcompany.com/sample_request?id=12969&type=smp

The Organic Electronics Global Market Report 2023  provides comprehensive insights on the organic electronics market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the organic electronics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Electronic Design Automation Software Global Market Report 2023
Polypropylene Global Market Report 2023
Consumer Electronics ECommerce Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model