NORWALK, Conn. - The market volume for major applications and products based on organic electro-optical materials, which reached an estimated $2.6 billion in 2005, will reach more than $10.5 billion in 2011-an average annual growth rate (AAGR) of 26.4 percent.
This is according to a technical market research report entitled Organics for Electro-Optical Applications from BCC Research in Norwalk, Conn.
The primary applications for organic electro-optical materials (OEOMs) include displays, telecommunications, and photonics, as well as laser and nonlinear optics, BCC analysts point out.
The technology characteristics of OEOMs give it potential for growth in the market, which only now is reaching its critical mass, as next-generation manufacturing processes and materials systems come into play, analysts say.
The 2005 market for organic-based displays is $615 million, BCC estimates. This accounts for about 24 percent of the total market based on OEOM by 2005. By 2011, the total market for organic-based displays will be worth more than $3 billion, which is 29 percent of the total market for products based on OEOM. This represents an AAGR of 30.8 percent.
Organic-based telecommunications and photonics materials were the largest market last year accounting for about 75 percent of the total market for products based on OEOM. This equates to nearly $2 billion. By 2011, the total market will reach almost $7.5 billion at an AAGR of 24.9 percent.
Comparatively, the market volume of organic electro-optical materials used in lasers and optics is very small. Its market value in 2005 was just over $13 million. Through the forecast period it is expected to grow to $27.4 million by 2011, an AAGR of 12.8 percent.
The advantages of fabricating organic materials into electro-optical devices and their market potential are well known, yet only now do these technologies appear to be reaching a critical mass as next-generation materials in key technologies, analysts say.
The accelerating developments in this market will continue in manufacturing process technology as well as new materials systems.
The BCC report Organics for Electro-Optical Applications (RGB-253N) investigates the current applications and future potential of organic and polymeric electro-optical devices; characterizes and analyzes current and future worldwide markets for the key existing and potential applications of organic-based electro-optics; analyzes the relative strengths and drawbacks of various products and applications; identifies and analyzes the major industrial players actively involved in various aspects of the field of organic-based electro-optics’ identifies current major developments relating to materials used for electro-optical devices and systems ; and analyzes the technology, patents, and major research and development players in the field.
For more information contact BCC Research online at www.bccresearch.com.
