Organic Electronics to Reach $19.7 Billion by 2012
GLEN ALLEN, Va.—Organic electronics is rapidly making its way out of the lab and into real-world applications, according to NanoMarkets, LC, an industry analyst firm based in Virinia. The firm is set to release a new report that finds the market for products such as OLEDs, organic thin-film transistors, and other electronic products made from organic materials will grow from $1.4 billion in 2007 to $19.7 billion by 2012 and then go on to reach $34.4 billion in revenues by 2014. Additional information about the report, “Organic Electronics: A Market & Technology Assessment” including the first chapter can be found on the firm’s Web site at www.nanomarkets.net.
Findings from this report include:
• OLEDs are emerging: OLED displays are no longer just for low-end MP3 players and cell phone sub-displays. They are becoming part of the latest mobile electronics concepts including LG’s ebook laptop and Sony-Ericsson’s ultra-slim cell phone. Wireless device manufacturers are attracted by OLED technology’s low power consumption and excellent video qualities, which mesh well with the needs of the burgeoning mobile video market. By 2012, the OLED industry including display, signage, and lighting applications is expected to reach $10.8 billion.
• Products based on organic transistors are for real: RFID is an application in which organic transistors are expected to successfully compete with mainstream silicon technology. In 2007, the market will see the first commercial organic RFID tags from firms such as Motorola, OrganicID, and PolyIC. NanoMarkets believes that by 2012, the market for organic RFIDs will reach $4.5 billion. Organic transistors are also already enabling new business revenues in the form of display backplanes (in the much talked about Sony book reader, for example), which are expected to generate $1.6 billion in revenues by 2012 as well as in some toys and games. The market for toys, games, and other novelties will reach about $1 billion by 2012.