Enabled by the evolution of polymer materials and improved manufacturing techniques, Organic and Large Area Electronics (OLAE) are taking off. It's a market worth keeping an eye on.
Although still in early stages, this market promises strong and steady growth, analysts say. "The value chain of the organic electronics market is closely interlinked with the traditional silicon electronics," said a newly released report from MarketsandMarkets. "It has been rapidly expanding and shaping into a strong, well-connected chain over the past few years."
Compared to silicon electronics, organic electronics offer some compelling benefits. These components cost less, are bio-degradable, have low-cost substrates, and can be directly integrated into their packages, according to MarketsandMarkets. The resulting products have the advantage of being lightweight, highly flexible, simpler to process, and able to create large areas for applications such as displays.
Today, applications remain focused on a few key areas. "There are four major application areas: displays, lighting, photovoltaics, and integrated smart systems," said Commercialization of Organic and Large Area Electronics (COLAE), a European project to support use of the technology.
The infographic from Allied Market Research below lays out some of the numbers. Have organic electronics made it into your designs and strategic sourcing plans? Let us know how you are using organic electronics in the comments section below.
— Hailey Lynne McKeefry, Editor in Chief, EBN