Organic Electronics Market Segmentation:
Material Segment Analysis
Semiconductor segment is predicted to capture around 38.2% organic electronics market share by the end of 2035. Significant growth in the revenue share is anticipated as a result of various features offered by semiconductors such as no insulation oxide formation on its surface when exposed to the surroundings. Accredited to this, a clean interface is maintained on the surface while interacting with other materials. A non-metallic substance with semiconducting qualities forms an organic semiconductor, when compared to inorganic semiconductors, these materials have several benefits, such as being mechanically flexible, lightweight, and affordable.
This offers a chance to develop such devices using less expensive fabrication techniques. Additionally, governments all around the globe are highly investing in the R&D of semiconductors such as the CHIPS incentives grant program and more. The Semiconductor Industry Association published a report in June 2024, estimating that under the CHIPS incentives grant program, around USD 11 billion and USD 2 billion will be granted by the Department of Commerce and the Department of Defense respectively for the progress of CHIPS R&D Programs. Furthermore, the demand for organic electronics has increased due to growing awareness of sustainable development and the fact that these semiconductors are biodegradable, making them much more preferred over other materials. Growth in this sector will boost the semiconductor manufacturing equipment value in the near future.
Application Segment Analysis
The display segment in the organic electronics market is poised to dominate majority share by the end of the forecast period. This tremendous gain is credited to the usage of advanced technologies in several applications of television, smartphones, laptops, and other electronics, healthcare, and military industries. A significant increase is predicted due to the surge for organic electronics in the coming years as advancements in display technology, such as organic LED (OLED) displays are observed. OLED displays have many benefits for users, including improved image quality with higher contrast, a wider viewing angle, more brightness, faster refresh rates, a wider color gamut, and less power consumption. Owing to this various technological companies are shifting over to OLED to cater to these requirements. A press release by Apple in May 2024 revealed that the iPad Pro will have a breakthrough Ultra Retina XDR display with advanced OLED technology.
Our in-depth analysis of the global market includes the following segments:
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