Market Size of Organic Polymer Electronics Industry
|2019 - 2029
|Base Year For Estimation
|Fastest Growing Market
*Disclaimer: Major Players sorted in no particular order
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Organic Polymer Electronics Market Analysis
The Organic Polymer Electronics Market is expected to grow at a CAGR of 22.3% over the forecast period 2020 to 2025. The devices which are made from organic polymer electronics are gradually becoming a low-cost alternative to the traditional inorganic electronic applications, due to low material utilization (use of materials that are synthesized, rather than mined from the earth) and simple processing.
- The market is majorly growing due to the rapid increase in adoption in the display industry as well as lighting, due to expanding functionality and accessibility of electronics, which traditional silicon-based electronics cannot do.
- OLEDs displays occupy a fair share of the market. In 2019, Amazon launched the first OLED TVs with FireTV in the United Kingdom, Germany, and Austria. In the United Kingdom, the company collaborated with Currys, and in Austria and Germany, they partnered with Grundig.
- Head mounted devices for augmented and virtual reality are one of the emerging applications in the display industry, since they have organic light emitting diodes as a crucial part. Apart from the gaming industry, HMDs are being used in military, medical and engineering contexts.
- Training of all types is the most potential application of AR & VR. Navy researchers are integrating AR technology into head mounted displays (HMD) to effectively provide ground deployed troops with the technology utilized by pilots.
- When it comes to electronic components, organic polymer electronics is revolutionizing small, flexible, wide-area electronic devices that can be produced at low cost in very high volumes. The demand for flexible electronic goods is required in healthcare, and government sectors.
- With advancements in wearable technology, proliferating wearable devices are being programmed to interact with the bodies and collect data. The flexible displays make sure that wearables are thin, light, robust, and comfortable for the user.
- The researchers at Leibniz Institute for Solid State and Materials Research in Germany have developed the first flexible electronic chip made of magnetic sensors and organic, polymer-based circuits. This has the potential for development in artificial electronic skins, robotics with soft materials, and biomedical science.
- Organic polymers for photovoltaic (OPV) and photodiode (OPD) are under progress nowadays. OPV solar cells can be semi-transparent, and are therefore used in the design of energy roofs that allow light to pass through.