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[English Market Research Report] The Global Market for Organic Electronics

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The global organic electronics market size is projected to grow from 59.9 billion USD in 2023 to 142.1 billion USD by 2028, with an expected CAGR of 18.9% during the forecast period. The increasing demand for organic electronic devices such as OLED displays, solar cells, and transistors is primarily driving market growth. These devices offer clear advantages such as energy efficiency, flexibility, and lightweight design, contributing to their rising popularity. Furthermore, the expanding adoption of organic electronics across various applications, including home appliances, automotive, and medical sectors, is further propelling the market growth trajectory. In the home appliance sector, organic electronics are applied in smartphones, televisions, wearable devices, and smart gadgets. In the automotive industry, organic electronics are utilized in interior lighting, displays, and energy-efficient systems. Additionally, the medical industry benefits from organic electronics in medical devices, sensors, and implantable electronics. The versatility and advantages of organic electronics devices, combined with their adoption across diverse industries, are driving overall market growth.

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【English Market Research Report】Optoelectronics Market

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According to Stratistics MRC, the global optoelectronics market was valued at $7.39 billion in 2022 and is projected to reach $18.13 billion by 2028, growing at a CAGR of 16.13% during the forecast period. Advancements in communication networks heavily rely on optoelectronics, and these devices are used to drive down the prices of high-speed network terminal hardware. Examples of devices that utilize the concept of optoelectronics, a field of photonics that studies the integration of electrical and optical components, include injection laser diodes, quantum cascade lasers, photoconductive camera tubes, photoelectric camera tubes, and optical integrated circuits (IOC). According to FADA (Federation of Automobile Dealers Associations), a national organization representing automobile dealers in India, retail sales of luxury cars increased by 19.7% in December 2021 due to high inventory levels from OEMs and an increase in dealers.

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