Organic Electronics Market is expected to $79.6 million by 2020, registering a CAGR of 29.5% during the period 2014-2020. Organic displays are the largest revenue source for the organic electronics market, accounting to nearly 2/3rd of the market. OLED displays, which find application in laptops, tablets and TV sets, hold lions share in the global organic electronics displays market. Asia Pacific generates about 63.5% of the revenue for the global market due to the fact that Asia Pacifics home for almost 3/4th of the global electronics manufacturing industry, which is the primary application area for organic electronics.
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Growing appeal towards pollution-free and renewable energy sources has brought the evolution of photovoltaic technology, and the demand for the PV's is expected to witness marked growth during the forecast period. High initial investment is the only hurdle to the adoption of PV's in countries that are witnessing energy crisis.
Technological advancements would eventually pave the way for a widespread acceptance of the technology. The positive momentum consequentially would spur the demand for organic components used in OPV, DSSC and CIGs.
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