Organic Semiconductor Market Size, Share, Growth, And Industry Analysis, By Type (Polyethylene Semiconductor, Poly Aromatic Ring Semiconductor and Copolymer Semiconductor), By Application (CD, OLED, Sensor, Solar Battery and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Organic Semiconductor Market Report Overview

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The global organic semiconductor market size was USD 58050 million in 2022 and market is projected to touch USD 170254.9 million by 2031, at a CAGR of 12.7% during the forecast period.

Non-metallic substances that exhibit semiconducting properties are called organic semiconductors. In comparison to inorganic semiconductors, these semiconductors provide a number of advantages, including mechanical flexibility, low cost, and weight. Additionally, by using low-cost production techniques, these semiconductors can be employed to create devices. Furthermore, on account of these semiconductors have received approval from medical organizations, they are widely used in the healthcare sector. These semiconductors, for instance, can be used in biological systems.

In the upcoming years, the demand for organic field-effect transistors, organic photovoltaics, and organic light-emitting diodes (OLED) displays is likely to propel the expansion of the organic segment (OFETs). Phones, tvs, and other consumer technology products feature OLED displays, which are renowned for their light weight, flexibility, and energy efficiency. OPVs are employed to create power from solar energy, and OFETs are found in electronic gadgets such as RFID tags and sensors. Printed electronics, wearable technology, and medical equipment are among further possible uses for organic semiconductors. The need for semiconductors is anticipated to increase in tandem with the market's continued expansion for these applications.

COVID-19 Impact: Shutting Down of Manufacturing Plants as an Impact of the Global Lockdown

In many different parts of the world, the COVID-19 pandemic has had an impact. To slow the pandemic's rapid spread, governments all across the world put in place stringent lockdown regulations and social segregation standards. During the pandemic's early phases, manufacturing plants all over the globe were shut down. The commercial launch of the healthcare sector may also be significantly delayed as a result of the economic crisis that followed the pandemic. Since the epidemic began in 2020, small and medium-sized businesses, which make up the backbone of technology providers, have seen a sharp decline in revenue. As a result of the supply chain disruptions that were noticed, market participants faced several difficulties. The second part of 2022 saw improvements though as new supplies came online.

Latest Trends

"Incorporation of Perovskite Materials in Organic Cells due to their Various Properties "

The incorporation of perovskite materials as the active material in organic solar cells is one research area that is gaining popularity. Due to their excellent power conversion efficiencies and potential for low-cost manufacturing, perovskite-based organic solar cells have been attracting further interest. To make perovskite solar cells more suitable for commercial application, researchers are aiming to increase their stability and reproducibility.

Organic Semiconductor Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Polyethylene Semiconductor, Poly Aromatic Ring Semiconductor and Copolymer Semiconductor

• By Application Analysis

Based on application, the market can be divided into CD, OLED, Sensor, Solar Battery and Others

Driving Factors

"Rising Utilization of the Semiconductors in Various Applications is Fueling the Market"

The market for organic semiconductors is growing quickly on a global scale. The expansion of the organic segment is being fueled by the rising use of these semiconductors in numerous applications, such as OLED lights, print cells, organic photovoltaics (OPV), organic RFID tags, and screen applications. The organic industry is predicted to continue to grow as a result of the increased manufacture of electronic elements such as solar cells, light-emitting diodes, and transistors. Nanomaterials and semiconductors are gaining popularity, and as a result, the industry is anticipated to experience significant growth in the near future.

"Extensive Use in Healthcare Technology is Expanding the Organic Industry at a Breakneck Pace"

The semiconductor business is expanding at a breakneck pace. The market for these organics is expanding as a result of the development of innovative materials, the expansion of the bioelectronics industry, advances in healthcare technology, as well as other factors. The semiconductor sector placed fifth out of 59 significant manufacturing sectors from 2015 to 2020. The advancement of organic semiconductors utilized in the healthcare sector is receiving more attention thanks to their usage in the creation of artificial organs including artificial hearts, robotic limbs, and other organs.

Restraining Factors

"Shortage of Technical Understanding and Specialists are Limiting the Industry Expansion"

The shortage of technical specialists and inadequate technical understanding are the main limitations of these semiconductors. The majority of items are employed in the electronic semiconductor industry, thus large corporations are concentrating on growing this sector. Therefore, it is a difficult task for major companies to make significant investments in this industry. Recent advancements in semiconductor technology are being driven by the growing advantages they provide to the manufacturing sector. As a result, organic semiconductor market growth is likely to be hampered over the projected time frame.

Organic Semiconductor Market Regional Insights

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"Increasing R&D Activities and Presence of Major Manufacturers in the Region is Promoting the Asia Pacific Region"

The highest market share in 2021 belonged to Asia Pacific. Asia Pacific is home to the majority of the manufacturers. The market for semiconductors has grown significantly in this area due to increased exposure and accessibility. As the biggest manufacturers are located here, R&D is increasing dramatically in this area. The Asia Pacific region is anticipated to hold the greatest organic semiconductor market share in the upcoming years due to nations including South Korea, Taiwan, and China having the biggest consumer electronics marketplaces and the top semiconductor producers in the world.

Key Industry Players

"Key Players Focus on Organic as well as Inorganic Growth Initiatives to Gain Competitive Advantage"

Many businesses are emphasizing organic growth initiatives, including product approvals, new products, and various types of patents and events. Acquisitions, partnerships, and collaborations were instances of inorganic growth tactics that were observed in the market. These initiatives have opened the door for market participants to increase their consumer bases and business. With the growing need for semiconductors, the industry participants from the semiconductor sector are projected to benefit from lucrative growth prospects in the future.

List of Market Players Profiled

• Eastman Kodak Company (U.S.)
• GE (U.S.)
• Sony (Japan)
• Toyota (Japan)
• Samsung (South Korea)
• LG (South Korea)
• AU Optronics Corporation (Taiwan)
• BASF SE (Germany)
• Sigma-Aldrich (U.S.)
• Bayer Material Science AG (Germany)
• Dupont (U.S.)

Report Coverage

This report covers the organic semiconductor market. The CAGR expected to be in during the forecast period, and also the USD value in 2022 and what it is expected to be in 2031. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.