Global Organic Electronics Market to Exhibit 32.6% Cagr, Fuelled by Growing Adoption of Organic Electronics Among Consumers

According to a recent market research report released by Transparency Market Research, the global organic electronics market is expected to take a leap at a CAGR of 32.6% during the period between 2012 and 2018. The report, titled “Organic Electronics Market - Global Industry Analysis, Market Size, Share, Growth and Forecast 2012 - 2018”, states that the combination of OLED lighting, OFRID, organic photovoltaic, and OLED displays will propel the growth of the global organic electronics market.

The report points out that the increasing application areas have boosted the expansion of the global organic electronics market. Declining prices of organic electronics, coupled with improvement in performance, has led to their growing adoption among consumers. Government support and initiatives have paved the path for increased investments in organic electronics worldwide. All these factors will push the growth of the global organic electronics market. However, the report states that improvement in the materials and processes will restrict the growth of the overall market. Lifetime of organic electronics devices will also pose as a challenge.

Free PDF File Of Organic Electronics Market:

On the basis of application, the report segments the global organic electronics market into display market, organic lighting market, logic and memory, organic sensors, printed batteries market, organic photovoltaic, and organic radio frequency identification (ORFID) tags. The report states that the display segment holds the largest share of the organic electronics market and has been segregated into OLED display, electrophoretic, and other displays.

OLED displays segment is forecasted to value US$10,450 mn by 2018 and lead the overall organic electronics market. The increased demand for OLED displays can be attributed to their high-speed performance, low energy consumption, and sharp display features....