Organic electronics market to be worth $79.6 billion by 2020


The market for organic electronics could enjoy a compound annual growth rate (CAGR) of 29.5% between now and 2020, propelling the industry to a global worth of $79.5 billion, finds a report by Allied Market Research.

The report, titled Global Organic Electronics Market – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013-2020, predicts that organic displays will drive the market, accounting for two-thirds of growth as organic LED (OLED) displays on laptops, tables and TVs become more commonplace.

Organic PV (OPV) will be a tertiary market driver, particularly as costs for dye sensitized solar cells (DSSC) continue to fall. The lucrative CIGS market is also set to benefit from increased adoption of OPV techniques, adds the report, and will account for 94.6% of the OPV market by 2020.

However, after organic displays, organic system components will compose the second-largest segment of the organic electronics market, generating approximately 20% of revenue by 2020.

Worldwide, the evolution of organic electronics will be driven by the Asia Pacific region, which will account for 63.5% of all expenditure in the sector by 2020. Europe will also prove lucrative, finds the report, nurturing a market worth $9.6 billion by 2020, with a CAGR of 35.9%.

Increased spending in R&D will help accelerate the sector’s deployment and improve efficiencies and cost, allied to better government support that will seek to incentivize the development of organic materials to be used in electronics, particularly for use in energy such as solar PV.

Key companies highlighted in the report as likely to lead the transition include Fujifilm Dimitax, Bayer Materialscience AG, Heliatek, Evonik and BASF Materialscience AG.

Efficiencies in OPV have been increasing steadily within the industry over the past 24 months, with pioneers such as Oxford PV achieving conversion efficiencies of up to 20% on existing silicon solar cells via the application of thin film perovskite technology. In absolute terms, such efficiencies equate to increases of 3-5%, which is encouraging and, based on the exponential increases achieved in a short space of time, suggest market-changing efficiencies could become a reality within five years.

One potential hurdle for the wider adoption of OPV technology is a reluctance on the part of architects and town planners to give greater consideration to building integrated photovoltaics (BIPV). OPV creations are ideal for embedding directly into new buildings, and are beginning to make inroads into the automotive sectors.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.