Int'l : +1-503-894-6022 | Toll Free : +1-800-792-5285 | help@alliedmarketresearch.com
A15740 | Pages: NA | Charts: NA | Tables: NA |
Organic semiconductors are hydrocarbon and heteroatom-based molecular crystals or amorphous thin films. The existence of a conjugated structure in their molecules distinguishes them. The charge carriers in organic semiconductors are produced by the excitation of -electrons that are delocalized in relation to the conjugated bond system. Non-metallic compounds with semiconducting characteristics are known as organic semiconductors.
Organic semiconductors (OSCs) are gaining popularity these days due to a number of appealing characteristics that set them apart from their inorganic counterparts, including as light weight, low cost of production, low-temperature processing, mechanical flexibility, and abundant availability. Organic semiconductors are used in a variety of applications, including lighting and displays. They are being used in a lot of new things, like labs on a chip and portable tiny screens. Organic semiconductors are utilized to cure skin cancer in the healthcare industry. Organic semiconductor market is also in demand for smart fabrics, in addition to lighting and displays. Smart textiles are capable of sensing and responding to a variety of environmental factors, including thermal and mechanical, as well as exchanging data with other devices. These textiles are employed in military and security applications, as well as healthcare and entertainment.
The global organic semiconductor market is segmented on the basis of material type, application, and region. Based on material type, the market is divided into Polyethylene, Poly Aromatic Ring and Copolymer.
In terms of application, the market is categorized into System Component, Organic Photovoltaic (OPV), OLED Lighting, Printed Batteries, Organic RFID Tags, Display Applications, Others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
COVID-19 Scenario Analysis:
Following the SARS-CoV-2 outbreak, businesses were forced to make difficult financial and cost-cutting decisions to ensure the continued flow of goods. The lockdown was the result of the new coronavirus's short-term influence on the manufacturing industry around the world, which resulted in a drop in organic semiconductor demand. With the price decline, the weak demand has had a domino effect throughout the semiconductor sector. The COVID-19 outbreak and subsequent lockdown have resulted in the closure of activities, as well as e-commerce and retail stores, putting supply chains at risk and widening the gap between demand and supply. Furthermore, the supply of electronic components has been harmed as a result of the global shutdown. In response of COVID-19's long-term implications, governments are attempting to address the problem by enacting beneficial initiatives and policies such as financial packages, lower interest rates, and tax exemptions. Despite the world's efforts to find a COVID-19 breakthrough, the organic semiconductor market size is expected to rebound to a great level during the forecasted period.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The organic semiconductor market is being propelled by rise in demand for advanced electronic products. Furthermore, the surge in need for smart textiles is a major driver driving the organic semiconductor industry forward. Because of its great potential for usage in a variety of other electrical and optoelectrical devices, the worldwide organic semiconductor market is expected to grow. Organic semiconductors have gotten a lot of interest in recent years because they have a lot of appealing qualities that set them apart from their typical inorganic counterparts, such as lightweight, low-temperature manufacturing, mechanical flexibility, and abundant availability. Another important feature of OSCs is that they may be processed with basic methods, making electronic devices much easier and less expensive. Expanding research into organic semiconductors and their applications is expected to open up new industry prospects. Complex design and low optimal temperature operation windows, on the other hand, are important restraints that could stifle market expansion.
The Global Organic Semiconductor Market Trends Are as Follows:
Rapid Growth in Demand of Organic Photovoltaic and Organic Display
Organic semiconductors are employed in a wide range of applications, including system components, organic photovoltaics, OLED lighting, and OLED displays. Organic photovoltaic cells and OLED displays are expected to increase at a rapid rate during the forecast period. Organic semiconductors are frequently employed in industrial applications. The market is being driven by the large-scale production of low-cost thin-film solar cells and superconductors using organic materials. Organic light-emitting technologies have also advanced rapidly, resulting in a huge volume of commercial items with OLED displays.
Key Benefits of the Report:
Questions Answered in the Organic Semiconductor Market Research Report:
Key Market Segments
Key Market Players