Demand for Green Technology pushes the growth of Organics Electronics Market

Allied Market Research publishes a new report titled “Global Organic Electronics Market - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020.” The report forecast the overall market to attain a size of $79.6 billion by 2020 with a CAGR of 29.5% during 2014 – 2020. The highest revenue for the organic electronics market is generated by organic displays, which contribute about 2/3rd of the overall revenue. Asia Pacific being home to 3/4th of the global electronic manufacturing, generates 63.5% of the overall revenue.

 

Growing demand for renewable source and green technology is pushing the need for photovoltaic energy. Hence, the PV demand would witness an upsurge during the estimated period. However, high initial investment would be a challenge for the adoption of PV; especially in struggling economies. Tough competition among the LCD producers is the key reason for the growth OLED displays. Even though OLED displays are expensive, they have managed to get momentum which has resulted in an extra-ordinary growth for OLED manufacturers.

 

ORFID-Organic RFID accounts for only 2% of the share in the overall electronics market due to its limited usage; however, by the year 2020, it is expected to witness a significant growth rate. This tremendous growth for ORFID can be credited to its qualities that make it a best substitute for silicon based RFID. Electroluminscent displays, within organic displays are expected to grow with a CAGR of 48.7% during the forecast period. System components is expected to be the second highest segment in the overall electronics market by 2020. Conductive ink is expected to supersede other system segment with a revenue share of about 86.5% in the year 2020.

 

Europe would have a market value of $9.6 billion by 2020, registering an impressive CAGR of 35.9%. It is one of the profitable market, in terms of growth and size. Further, the favourable government policies for green energies are boosting the market growth.

 

The report offers comprehensive information on key market players. Further, the report states the manufacturers are adopting the strategy of product differentiation to make inroads into the market. Some of the top manufacturers in the market are:

 

• Fujifilm Dimatix, Inc.

• Bayer Materialscience AG

• H.C. STARCK

• AGC Seimi Chemical Co. Ltd.

• Sumitomo

• Polyic

• Heliatek

• Novaled

• Merck Kgaa

• Evonik

• BASF Materialscience AG.

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