Organic electronic materials can be manufactured at a low cost compared to the inorganic materials. They are environmental friendly and are better resources.
According to MarketIntelReports' “ Global Organic Electronics Market Research Report 2017”:
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The materials used in the manufacture of these eco friendly electronic products are polymers, nanotubes, carbon based molecular structures, and hybrid materials. The need to reduce cost, power consumption of the electronic goods, and weight are the factors which spur the development of the Organic Electronics Market.
Flexible electronic goods are in high demand from government, healthcare, and other sectors. These products also have a positive impact on the growth of the market.
Advanced systems which depend on organic semiconductors may display a good technological maturity during the forecast period.
Scope & Regional Forecast of the Organic Electronics Market
Growing disposable income of the end users and preference for high quality products push the demand for the Organic Electronics Market. Asia Pacific holds maximum share in the market since it has more number of electronics manufacturing industries.
Oled materials have excellent interfacing capabilities. This has also led to their use in the biomedical applications like neuron interfacing.
The lack of robustness and the non compatibility of the conventional goods may restrict the growth of the organic devices. Development of smartphones influences the growth of the market in a positive manner.
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Oled display has applications in laptops, lighting systems. Advancements in Biomolecular electronics and development of biomolecular implants take the industry to great heights.
Organic electronic products can be processed at room temperature unlike Silicon. They consume less power and are brighter.
Investment of major companies and the competition for the product differentiation can make a lot of difference to the market. Transistor technology and organic display technology are the other applications in organic electronics.
Segmentations & Key Players Involved in the Organic Electronics Market
The Organic Electronics Market can be broken down into various segments as follows:
- Region-North America, Europe and Asia-Pacific.
Some of the key players involved in the Organic Electronics Market are as follows:
- BASF SE
- AGC Seimi Chemical Co. Ltd
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