Sales of organic and printed electronics are expected to grow by 19% next year, after climbing an impressive 10% in 2014.Sales of organic and printed electronics are expected to grow by 19% next year, after climbing an impressive 10% in 2014.
Allied Market Research says the market for organic electronics will grow by 29.5% between now and 2020, propelling the industry to a global worth of $79.5billion.
Also positive about the booming market sector is the Organic and Printed Electronics Association (OE-A), which says 53% of companies are anticipating a 20% rise in sales this year.
What's more, the organisation found that nearly half (47%) are planning to expand production, and around 45% want to take on new staff.
OE-A chairman Dr Stephan Kirchmeyer said: "An increase in sales is a great result for the organic and printed electronics industry – especially since the results are applicable to all areas, from material suppliers to end users, and in all regions: Europe, Asia and the United States."
Author
Laura Hopperton
Source: www.newelectronics.co.uk