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).
Miniaturized Organic Semiconductors are Trending
Over the last couple of years, organic semiconductor technology has evolved dramatically. There have been major innovations such as printed sensors, including organic & flexible sensors opening new avenues in the healthcare, automotive, supply chain logistics, and other sectors. Increasing customer preference for rigid substrates such as glass, ITO-glass, silicon, and flexible substrates substantiate the market’s growth.
Lack of Expertise and Budgets are Major Headwinds
The lack of expertise and R&D budget constraints are significant factors projected to restrict the market growth, hampering the developments of existing systems. Nevertheless, technological advances expected in recent years would support market growth throughout the assessment period, bringing