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Organic electronics will flourish

Posted: 28 Dec 2006     Print Version  Bookmark and Share

Keywords:NanoMarkets  organic electronics  OLEDs  organic TFTs 

The market for organic electronics will grow from Rs.6,372.80 crore ($1.4 billion) in 2007 to Rs.89,674.40 crore ($19.7 billion) in 2012 to Rs.1,56,588.80 crore ($34.4 billion) in 2014, projected NanoMarkets.

NanoMarkets forecasts that by 2012, the OLED industry including display, signage and lighting applications will reach Rs.49,161.60 crore ($10.8 billion). OLED's low power consumption and video quality meet the requirements of the mobile video market. At present, OLEDs are now being integrated into latest mobile electronics concepts such as LG's ebook laptop and Sony-Ericsson's ultra-slim cell phone.

Meanwhile, organic transistors are expected to square-off with mainstream silicon technology for RFID apps. In 2007, the first commercial organic RFID tags from Motorola, OrganicID and PolyIC will hit the market.

NanoMarkets believes that by 2012, the market for organic RFIDs will reach Rs.20,484 crore ($4.5 billion). Organic transistors are also being used in display backplanes such as Sony's book reader, which are expected to generate Rs.7,283.20 crore ($1.6 billion) revenues by 2012. The transistors are also being used in toys, games and other novelties, a market projected to reach Rs.4,552 crore ($1 billion) by 2012.

The positive outlook for organic electronics drives R&D efforts to discover new, low-cost materials. An example is solution-processable small molecule materials that promise larger and lower cost OLED displays and hybrid organic/inorganic materials. These will help expand the photovoltaic markets, noted Nanomarkets, with lower cost solar panels and solar chargers for mobile electronics.

NanoMarkets also projected that the commercial manufacture of organic electronics materials will slash prices for the substrate, paving way for organic electronics to penetrate new markets.

The research firm also noted that equipment suppliers can also capture strong incentives as they venture into specialist production equipment for the budding industry. For example, organic vapor deposition (OVPD) systems promise better performance and lower cost for organics than the traditional vacuum deposition methods used in the semiconductor industry.

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