Organic Semiconductor Market Scope:
Global organic semiconductor market, according to the latest report by Market Research Future, is poised to grow upto USD 179.4 Billion by 2024, at a CAGR of 22.4% during the forecast period.
Organic semiconductors are non-metallic resources which display semiconducting properties. These semiconductors have numerous benefits over inorganic semiconductors such as lightweight, low cost, mechanical flexibility. These materials can also be used to make devices using reasonable fabrication methods.
Organic semiconductors are recyclable which makes them more favored as compared to others. Organic semiconductors can effortlessly be fine-tuned through structural alterations, by altering the shape or installation of several functional groups which makes it more photoluminescent, conducting, and enhances its performance to attain more effective new-generation electronic device designs which open the way for new innovations and applications that are not possible with existing inorganic materials in the electronics sector.
Organic Semiconductor Market are majorly used in organic radio frequency identification devices (RFID), solar cells, organic light-emitting diodes (OLED) displays, and printed batteries, among others. Lighting and display systems are two of the most significant applications of organic semiconductors. They are extensively being deployed for innovations as well. In the healthcare sector, organic semiconductor is employed for skin cancer treatment. Additionally, organic semiconductors are also being used for smart textiles. These textiles are mostly used in applications such as healthcare, military and security, and entertainment.
Major Key Players:
The key players operating in the organic semiconductor market are Universal Display Corporation (US), Novaled GmbH (Germany), Koninklijke Philips N.V. (Netherlands), Merck & Co. (US), BASF SE (Germany), Bayer AG (Germany), Sony Corporation (Japan), Samsung (South Korea), LG (South Korea), Sumitomo Corporation (Japan).
Other prominent players studied for the organic semiconductor market are Dupont (US), Sigma-Aldrich (US), AU Optronics (Taiwan), and Toyota Riken (Japan), among others.
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Segmental Analysis:
The global organic semiconductor market has been segmented on the basis of application, type, and region.
On the basis of type, the organic semiconductor market has been segmented into polyaromatic ring, polyethylene, and copolymer. Based on the application, the market has been segmented into organic photovoltaic (OPV), system component, printed batteries, organic RFID tags, OLED lighting, and display applications.
Regional Analysis:
The global market for organic semiconductor has been segmented on the basis of region into Asia-Pacific, North America, Europe, Middle East and Africa, Central and South America.
Asia-Pacific holds the largest regional market share in the organic semiconductor market. This is due to the developing countries such as Taiwan, China, Japan, and South Korea are likely ot invest a huge captial in the R&D activities for organic electronics. Japan is setting up various research centers to host research on organic semiconductors. Moreover, the presence of major corporations such as Sony Corporation (Japan), LG (South Korea), Samsung (South Korea), Sumitomo Corporation (Japan) is also driving the growth in this region. The region is also expected to attact extensive foreign investment, which is expected to create favorable conditions for the growth of the market in the region over the assessment period.
North America accounts for the the second-largest share of the organic semiconductor market owing to the presence of advanced infrastructure in developed countries such as US and Canada. Europe is also expected to witness subatantial growth, owing to the significant investments towards research and development activities. The presence of established semiconductors industries both the regions is also expected to contribute towards the market shares of North America and Europe over the review period.
The organic semiconductor market in the Middle East and Africa and Central and South America is at a promising stage but is likely to witness high growth over the forecast period. On the other hand, the lack of technological development and adoption in several underdeveloped countries may limit the growth of this market.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.3 Research objectives
2.4 Markets Structure
Continued……
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List of Tables
Table 1 Global Organic Semiconductor Market, By Type, 2019–2024
Table 2 Global Organic Semiconductor Market, By Application, 2019–2024
Table 3 Global Organic Semiconductor Market, By Region, 2019–2024
Continued……
List of Figures
Figure 1 Global Organic Semiconductor Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of The Global Organic Semiconductor Market
Continued……
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