The global market for organic electronics is being aided by the rising demand for flexible electronics. As the demand for flexible wearables and devices is surging, the market for organic electronics is witnessing rapid growth. The trend has been accelerated by the surge of the COVID-19 pandemic, which increased the deployment of remote devices in the healthcare industry. Moreover, the growing demand for wearables that can enhance the comfortability of patients is augmenting the growth of the organic electronics industry. The development of innovative medical devices such as organic electronic skin patches to efficiently monitor diabetes, hypertension, and various cardiovascular issues are significantly contributing to the market growth. In addition, flexible electronics are increasingly being preferred in the automotive sector to enhance the aesthetic appeal and comfortability in the interior of vehicles, which is bolstering the market growth. The growing deployment of flexible organic electronics in electric vehicles to reduce their weight while improving the overall efficiency is expected to invigorate the market growth in the forecast period.
ISORG (NASDAQ: ISRG), one of the leading companies in the market, partnered with Sumitomo Chemical to develop novel OPD products in July 2019. The products are developed to be deployed in hybrid organic CMOS image sensors and hybrid fingerprint sensors. The collaboration between the companies aims to provide original equipment manufacturers with technological solutions and materials to develop products with high-performance fingerprints as well as CMOS image sensors. The fingerprint sensors developed by the companies can be incorporated beneath the display of smartphones to enable fingerprint recognition from any position or point. The development of such innovative products is surging the demand for organic electronics, which is propelling the market growth.
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The major players in the global organic electronics market are AGC Chemicals Company, Heliatek GmbH, ISORG, Novaled GmbH, and Fujifilm Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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