Organic Semiconductor Market Research Report by Forecast to 2024
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 Semiconductor 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).
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.
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.