Global Organic Semiconductor Market growing at a CAGR of 22.3% from 2023 to 2031
Category : Semiconductor And Electronics | Published Date : Oct 2023 | Type : Press Release
Key Market Overview
The Global Organic Semiconductor Market was valued at USD 119.07 Billion in 2022, projected to grow by USD 142.81 Billion in 2023, and is expected to register a compound annual growth rate of 22.3% to reach USD 712.76 Billion in 2031.
The report highlights the increasing adoption of organic semiconductor in consumer electronics, energy, healthcare, and other sectors. Consegic Business Intelligence provides an inclusive research report on the organic semiconductor market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Organic Semiconductor Market By Overview
The report analyses significant segments such as material, application, end-user, and region, to identify emerging trends and potential opportunities. The material segment is expected to grow due to the increasing adoption of polyethylene-based organic semiconductors in sensors, OLED, and photovoltaic cells, and other related applications. Moreover, the rising deployment of poly aromatic ring-type organic semiconductors in consumer electronics, automotive, solar energy sectors is expected to drive the market growth during the forecast period.
Get Free SampleMarket Dynamics
Driver:
- Rising utilization of organic semiconductor in consumer electronics industry is driving the market growth.
- Growing solar energy sector is spurring the market growth.
Restraints:
- Limitations and operational challenges associated with organic semiconductors is restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Material | Polyethylene, Poly Aromatic Ring, and Copolymer |
| By Application | OLED, Photovoltaic Cells, Sensors, Transistors, and Others |
| By End-User | Consumer Electronics, Healthcare, Automotive, Energy, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global organic semiconductor market is highly competitive due to the presence of major players such as Merck KGaA, LG Chem, Novaled Gmbh, BASF SE, and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in organic semiconductor market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Merck KGaA
- LG Chem
- Novaled Gmbh
- Dow Chemical
- Clariant
- Huntsman
- Eastman Chemical
- Chemsavers Inc.
- Vineeth Precious Catalysts Pvt. Ltd.
- Triveni Chemicals
