Organic Electronics Market Size

Organic Electronics Market size was over USD 129.1 billion in 2023 and is poised to reach USD 2422.6 billion by the end of 2036, growing at around 27.6% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of organic electronics is assessed at USD 161.7 billion.

Growing demand for organic semiconductors and organic light-emitting diodes (OLEDs) has boosted the need for the organic electronics market. Organic electronics are cost-effective, offer mechanical flexibility, and has the ability to chemically modify the electronic as compared to inorganic counterparts made from gallium arsenide and silicon. OLEDs are advanced and latest display technology used in televisions, mobile phones, laptops, and various other display-related electronics. For instance, in May 2024, at SID Display Week 2024, California, LG announced its next-gen OLED and advanced display technologies under the theme “A Better Future.” Owing to this, color expression accuracy is improved by 97% according to the DCI-P3 standard.

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the organic electronics market was USD 129.1 billion.

The market size of the organic electronics industry is projected to cross USD 2422.6 billion by the end of 2036 expanding at a CAGR of 27.6% during the forecast period i.e., between 2024-2036.

The major players in the market are Evonik, Heliatek, Merck KGaA, Sumitomo Corporation, LG Display Co., Ltd., Asahi Kasei Corporation, AU Optronics Corporation, Universal Display Corporation, BASF, and others.

In terms of material, the semiconductor segment is anticipated to garner the largest market share of 38.2% by 2036 and display substantial growth opportunities during 2024-2036.

The market in the Asia Pacific is projected to hold the largest revenue share of 46.9% by the end of 2036 and provide more business opportunities in the future.

Organic Electronics Market Size