Key Findings of the Global Organic Field-Effect Transistor
December 26, 2017 | Business WireEstimated reading time: 3 minutes
The latest market research report by Technavio on the global organic field-effect transistor (OFET) market predicts a CAGR above 7% during the period 2017-2021.
The report segments the global organic field-effect transistor (OFET) market by application, including flexible OLED display, smart cards, and tags; and by geography, including APAC, EMEA and the Americas. It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Here are some key findings of the global organic field-effect transistor (OFET) market, according to Technavio hardware and semiconductor researchers:
- Emergence of 4G standards: a major market driver
- The flexible OLED display segment dominated the market with approximately 51% share in 2016
- APAC dominated the global organic field-effect transistor (OFET) market with a share of 39% in 2016
- E Ink, Thinfilm, Palo Alto Research Center, BrightVolt and Vorbeck Materials are some of the prominent players in the market
Emergence of 4G standards: a major market driver
LTE delivers fast data speeds and a better consumer experience compared with 3G. According to the Global Mobile Suppliers Association (GSA), 4G LTE is the fastest developing mobile system technology ever. In 2015, approximately 285 operators in 93 countries invested in LTE and 119 commercial LTE networks in 53 countries worldwide. Cellular operators are upgrading their wireless networks to LTE to retain customers that are already using 2G or 3G services.
4G technology, which will likely drive the market for SIM cards that support 4G, is the primary focus of several developing nations. With 1.1 billion mobile subscribers in 2016, a country such as India has high mobile penetration. In the year 2015, data rates for GSM/EDGE subscriptions reached their peak. However, it declined due to the migration of subscribers to 3G. With an estimation of around 15% of the total subscription base, the LTE subscriptions in India are expected to reach more than 230 million by 2020.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
APAC: largest OFET market
Technavio researchers anticipate that major revenue contributor to the global organic field-effect transistor (OFET) market is credited to APAC. The growth of the organic field-effect transistor (OFET) market is this region is attributed to high concentration of consumer electronics companies. APAC is a hub for flat-panel TV, tablet, smartphone, and wearable device manufacturers. South Korea, Japan, Taiwan, and China consists of majority of these manufacturers. The major vendors in the market are Samsung Display and LG Display. They have introduced curved panel smartphones. Due to vertical integration, these vendors control most part of the supply chain.
According to Rohan Joy Thomas, a lead analyst at Technavio for research on embedded systems, “In APAC, China is emerging as a leading hub for large-area display manufacturers due to the presence of abundant resources, proximity to customer locations, increased demand in the domestic market, and availability of low-cost labor. The rise in demand for display devices from countries such as China and India, will contribute towards the growth of the OFET market in APAC.”
Development in the global organic field-effect transistor (OFET) market
Vendors in the organic field-effect transistor (OFET) market are heavily investing in research and developmental activities to overcome the standardization issues. These investments are used by various universities and independent labs across the world to conduct research programs. As a submarket of the global printed electronics market, the global OFET market holds huge promise in the near future.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Suggested Items
Commercial Demand Continues to Be the Main Driver of Personal Computing Device Shipments into the GCC Region
03/26/2024 | IDCThe Gulf Cooperation Council (GCC) personal computing device (PCD) market, which is made up of desktops, notebooks, and workstations, declined 4.0% year on year in 2023, with high inventory levels and reduced consumer spending the primary causes.
Suppliers Aim to Raise Contract Prices, But With Uncertain Demand, 2Q24 DRAM Price Increase Expected to Narrow to 3–8%
03/26/2024 | TrendForceTrendForce’s latest report reveals that despite DRAM suppliers’ efforts to trim inventories, they have yet to reach healthy ranges. As they continue to improve their lose situations by boosting capacity utilization rates, the overall demand outlook for this year remains tepid.
LPKF Reports Strategic Successes and Narrowly Achieves Forecast for 2023 Financial Year
03/26/2024 | LPKFLPKF Laser & Electronics SE generated revenue of EUR 124.3 million in the financial year (previous year: EUR 123.7 million) and earnings before interest and tax (EBIT) of EUR 3.7 million (previous year: EUR 6.8 million), putting the EBIT margin at 3.0% (previous year: 5.5%).
Arlon EMD and EMC Announce Expansion in California
03/25/2024 | Arlon EMDArlon EMD, a division of Elite Materials Company (EMC), announces a factory expansion at the Rancho Cucamonga, CA location. Arlon is a global leader in high performance thermoset substrates for mission critical printed circuit boards manufactured for high endurance and long-life programs. Arlon has a 45-year history of manufacturing specialty materials for the Aerospace, Industrial and Military (AIM) markets.
Intraratio Enhances MES + Yield / IoT Management with New Advanced Manufacturing Analytics
03/22/2024 | IntraratioIntraratio announced AICard, which harnesses the power of artificial intelligence and machine learning to empower manufacturers to make informed decisions quickly and accurately regarding product quality and manufacturing line performance and optimization.