The global organic semiconductor market is growing rapidly. The market rise attributes to the increasing uses of organic semiconductors in organic photovoltaic (OPV), OLED lighting, printed batteries, organic RFID tags, and display applications. Besides, the rising production of electronic components, such as light-emitting diodes, solar cells, and transistors, increases the organic semiconductor market size.
With the rising demand for organic semiconductors and nanomaterials, the market is projected to witness significant traction in the future. In this regard Market Research Future (MRFR) states that the global organic semiconductor market is poised to garner exponential valuation by 2027, registering an impressive CAGR during the assessment period (2020–2027).
Players leading the organic semiconductor market include Bayer AG (Germany), BASF SE (Germany), Koninklijke Philips N.V. (Netherlands), Novaled GmbH (Germany), Merck & Co. (US), Samsung (South Korea), LG (South Korea), Sony Corporation (Japan), Universal Display Corporation (US), Dupont (US), Sumitomo Corporation (Japan), AU Optronics (Taiwan), Toyota Riken (Japan), and Sigma-Aldrich (US), among others.
The Asia Pacific region dominates the global organic semiconductor market. The largest market share attributes to rising technological advances and focuses on using renewable energy sources across the industry verticals. The availability of technologies is a key driving force behind the market growth in the region.