Organic electronics is the branch of electronics that uses organic material to make circuits and other electronic devices. It is a new field of materials science concerning the design, synthesis, characterization, and application of organic molecules or polymers that show desirable electronic properties such as conductivity. Organic electronics evolved in the 1950s, with the discovery of the first conducting organic molecule by H. Inokuchi. Organic electronic materials are constructed from organic (carbon-based) molecules or polymers using synthetic strategies developed in the context of organic chemistry and polymer chemistry. Organic electronic materials are lighter, more flexible, and less expensive than conventional silicon-based inorganic materials. Organic electronics are more energy-efficient and resource-friendly in production, use, and disposal. Small molecule organic electronics are typically fabricated using vacuum-based disposition methods to transfer thin films of organic materials onto the substrate surface. Organic electronics are used in Organic light-emitting diodes (OLEDs), Organic photovoltaics (OPVs), and Organic field-effect transistors (OTFTs). The major milestone was the discovery of the Organic light-emitting diode (OLED), this device was able to emit light at just 5 volts, and would forever change the display industry.
As scientists and engineers continue to improve the synthesis and characterization of organic materials for use in electronics, they hope that the use of such materials will lead to more energy-efficient electronic displays, lights, and other electronic devices. Engineers are trying to build devices out of organics that last longer, are recyclable, or perhaps even biodegradable. Organic electronic manufacturing methods will also become more energy-efficient. The field of organic electronics has made tremendous strides over the past few decades, with many devices already on the market and a multitude of prototypes in development. The field will continue to grow and change the way society interacts with technology, as a chemist, physicists, and other scientists address the research challenges.
Global Organic Electronic Market – Competitive Landscape
Applied Ventures LLC is the venture capital fund of Applied Materials Inc. the global leader in the electronic industry with a broad portfolio of innovative equipment. On April 4, 2023, Samsung Electronics units Samsung Display a plan to invest USD 4.1 trillion and won USD 3.14 billion until 2026 to make advanced organic light-emitting diode (OLED) display panels used in tablets and computers. On April 25, 2023, Ami Organics Limited announced its ventures into the semiconductor industry with a partnership interest in Baba Fine Chemicals to make a mark in the lucrative and high-entry barrier semiconductor industry.
Some of the Key Players in the Global Organic Electronic Market Include –
Global Organic Electronic Market – Growth Drivers
Organic electronics enable the development of lightweight and flexible electronic devices, which are crucial in industries like wearables, flexible displays, and printed electronics. Organic electronics are more energy efficient than traditional inorganic materials, making them attractive for applications such as energy harvesting and low-paper devices. The environmental concern has led to the growth of organic electronics due to their potential to reduce electronic waste and the use of eco-friendly materials. The pigment eumelanin is a bio-sourced candidate for environmentally benign organic electronics. According to the National Center for Biotechnology Information (NCBI), Eumelanin biodegradation reaches 4.1% (25 degrees Celsius) in 97 days and 37% (58 degrees Celsius) in 98 days. Organic electronics are being used in medical devices and sensors for the application of remote health monitoring. Decrease cost of organic electronic devices driving the market growth. The demand for lightweight, energy-efficient, and flexible electronics consumer products and the Internet of Things (IoT) has driven the adoption of organic electronics.
Global Organic Electronic Market – Restraints
Commercialization of organic electronics faces economic challenges. While organic electronics offers the potential low low-cost production, initial investment in research, development, and infrastructure can be substantial. Additionally, the limited availability of high-quality organic materials and the relatively low yield during manufacturing contribute to the higher cost of organic devices compared to their inorganic counterparts. Overcoming these economic barriers is crucial to making organic electronics more accessible and competitive in the market. Research and development are ongoing to improve the performance and stability of organic electronic materials, and breakthroughs are needed to overcome current limitations. Some organic technologies are still in the early stages of commercialization and achieving market acceptance can be a slow process. Organic electronics face competition from well-established inorganic electronics, which continue to dominate the market in many applications, making it challenging for organic electronics to gain a significant market share.
Global Organic Electronic Market – Opportunities
Organic electronics can play a crucial role in the development of Internet of Things (IoT) devices and sensors creating opportunities. Organic photovoltaics and energy storage devices can contribute to the growth of renewable energy sources and green technologies. Organic light-emitting diodes are used in displays and lighting applications. Ongoing research in materials science and device engineering presents opportunities for advancements that can improve the performance, stability, and reliability of organic electronics.
Global Organic Electronic Market – Geographical Insight
The market for global organic electronics is segmented into the regions of North America, Latin America, Asia-Pacific, Europe, the Middle East & Africa. Asia-Pacific region is the largest market for organic electronics due to emerge a hub for manufacturing organic electronic devices, leveraging the region’s expertise in electronics manufacturing. In Asia-Pacific, countries like China focus on electronics manufacturing and research making it a key player in organic electronics production. North America and Europe have been at the forefront of research and development in this field. In Europe, countries such as Germany, the UK, and the Netherlands have a significant presence in organic electronics research and manufacturing.
Global Organic Electronic Market – Key Development
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