The Global Organic Semiconductor Market is expected to grow from USD 53.3 billion in 2018 to USD 179.4 Billion by 2024, at a compound annual growth rate (CAGR) of 22.4% during the forecast period.
Organic semiconductors are biodegradable materials which are lightweight, flexible, affordable, and posses easily adjustable electronic characteristics that can be set by chemical tuning. Organic semiconductors are used in organic light emitting diodes (OLED) displays, organic radio frequency identification devices (RFID), solar cells, printed batteries, among others. OLED displays are used in TVs, laptops, and tablets. Lighting and displays are two of the most important applications of organic semiconductors. Organic semiconductors are used in system components, organic photovoltaic (OPV) devices, OLED lighting, printed batteries, organic RFID tags, and display applications. These are also used to manufacture biodegradable electronics.
The global market for Organic Semiconductor Market Size is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographical analysis of organic semiconductor market is done for North America, Europe, Asia-Pacific, Middle East and Africa, Central and South America.
Asia-Pacific accounts for the largest market share in the organic semiconductor market as the countries such as Japan, Taiwan, China, and South Korea are investing a huge sum of money in the R&D activities for organic electronics. Japan has set up several research centers to conduct research on organic semiconductors. Also, the presence of major companies such as Samsung (South Korea), Sony Corporation (Japan), LG (South Korea), Sumitomo Corporation (Japan) is fueling the growth in this region.
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Which Top Market Participants are Consider for the highest Organic Semiconductor market share?
BASF SE (Germany), Bayer AG (Germany), Koninklijke Philips N.V. (Netherlands), Merck & Co. (US), Novaled GmbH (Germany), Samsung (South Korea), Sony Corporation (Japan), LG (South Korea), Universal Display Corporation (US), Sumitomo Corporation (Japan).
Which segment will provide the most chance for Organic Semiconductor Market growth Analysis till 2027?
The global Industry segmented into Organic Semiconductor Market Size, type, component, voltage, application and region. By type the segment is further classified into skid mounted and mobile Organic Semiconductor. By component, the segment is further classified into switchgear, bus bar, HVAC systems, transformer, frequency drives, monitoring and control systems and others. By voltage, the segment, is further classified into low voltage and medium voltage Organic Semiconductor. Organic Semiconductor are used in various industries such as oil and gas, mining, transportation, and power utilities.
Apart from the uses and features, the global Organic Semiconductor Industry faces challenges from vendor dependency, security issues, and other factors, which has restrained the global Organic Semiconductor market growth. This file offers a complete outlook on the opposition, opportunities, drivers & restraints, and other factors affecting the neighborhood and global serverless architecture marketplace. The worldwide market is anticipated to sign in approximately 25 % annual growth in this era.
Organic Semiconductor Market By Geography
The Middle East and Africa
Organic Semiconductor Market Covid 19 Analysis
Due to a rise in phishing activities, COVID-19 has substantially increased the adoption of cloud infrastructure and services. In addition, COVID-19 has significantly increased the security budget, which has resulted in a large increase in cloud infrastructure and services. According to the findings of a study conducted by Microsoft and published in August 2020, 36% of the total 800 respondents said that the budget for cybersecurity had risen as a consequence of the pandemic outbreak. Additionally, 42 percent of those who answered the survey said that the company altered its personnel by adding more security experts.
Table of contents:
1 EXECUTIVE SUMMARY
1.1 GLOBAL Organic Semiconductor MARKET, BY COMPONENT
1.2 GLOBAL Organic Semiconductor MARKET, BY ORGANIZATION SIZE
1.3 GLOBAL Organic Semiconductor MARKET, BY DEPLOYMENT
1.4 GLOBAL Organic Semiconductor MARKET, BY END-USERS
1.5 GLOBAL Organic Semiconductor MARKET, BY REGION
2 MARKET INTRODUCTIONS
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
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