Blockchain Press Releases
Organic Electronics Market worth $142.1 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, June 27, 2023 /PRNewswire/ — The organic electronics market is projected to grow from USD 59.9 billion in 2023 to USD 142.1 billion by 2028, registering a CAGR of 18.9% during the forecast period according to a new report by MarketsandMarkets™. The growth of the organic electronics market is driven by various factors, including technological advancements, rising demand for flexible and lightweight devices, increasing adoption of OLED display panels, emerging end user such as automobile and healthcare, and cost-effectiveness. These factors collectively contribute to the expanding market opportunities for organic electronic devices, fostering innovation and driving the adoption of this technology in diverse industries.
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Browse in-depth TOC on “Organic Electronics Market”
120 – Tables
60 – Figures
240 – Pages
Organic Electronics Market Report Scope:
|
Report Coverage  |
Details |
|
Market Revenue in 2023 |
$59.9 billion |
|
Estimated Value by 2028 |
$142.1 billion |
|
Growth Rate |
Poised to grow at a CAGR of 18.9% |
|
Market Size Available for |
2019–2028 |
|
Forecast Period |
2023–2028 |
|
Forecast Units |
Value (USD Million/Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
By Material, Application, End User and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
|
Key Market Challenge |
Competition from traditional electronic technologies |
|
Key Market Opportunities |
Developing new applications in the consumer electronic industry |
|
Key Market Drivers |
Surging adoption of OLED displays in various applications |
By material, the conductive material holds the second-largest market share during the forecast period.
Conductive materials play a crucial role in a variety of organic electronic devices, including touch screens and RFID (Radio Frequency Identification) tags. These devices rely on the conductivity of materials to enable their functionality and performance. In touch screens, conductive materials are used in the construction of transparent electrodes that allow for accurate touch sensing. Indium tin oxide (ITO) has traditionally been used as a conductive material in touch screens. However, organic conductive materials, such as conductive polymers and carbon nanotubes, are gaining attention due to their flexibility and potential for lower manufacturing costs. RFID tags also utilize conductive materials to enable wireless communication and data transfer. Conductive inks or conductive polymers are often employed to create the antennas and circuits necessary for RFID functionality. These materials enable the transmission and reception of radio signals, allowing for identification and tracking in various applications, including supply chain management, inventory control, and access control systems.
The consumer electronics segment is likely to account for the largest market share between 2023 and 2028.
Consumer electronics is the largest market for organic electronics. This is primarily because organic electronic components and devices, such as OLED displays and organic photovoltaic cells, have found widespread use in a variety of consumer electronic products. Smartphones are one of the key drivers of the organic electronics industry in the consumer electronics sector. OLED displays, in particular, have gained significant popularity in smartphones due to their superior image quality, energy efficiency, and thin form factor. Major smartphone manufacturers have adopted OLED displays in their flagship devices, driving the demand for organic electronic components. Televisions are another significant application area for organic electronics in the consumer electronics market. OLED technology has revolutionized the television industry, offering exceptional picture quality, wide viewing angles, and slim designs. OLED TVs have gained recognition for their ability to produce deep blacks, vibrant colors, and high contrast ratios. Laptops and tablets also incorporate organic electronic components, such as OLED displays and organic photovoltaic cells. Organic electronics devices’ lightweight and energy-efficient nature makes them attractive for portable computing devices.
The consumer electronics market continues to drive the demand and adoption of organic electronics due to the increasing consumer preference for devices with superior display quality, energy efficiency, and innovative designs. As technology advancements continue to enhance the performance and cost-effectiveness of organic electronic components, their usage in consumer electronics is expected to expand further in the coming years.
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North America is likely to account second-largest market share in the global organic electronics market during the forecast period.
During the forecast period, North America is expected to hold the second-largest market share in the organic electronics market. This can be attributed to several factors contributing to the region’s growth and market presence. Firstly, North America is home to a significant number of established technology companies, research institutions, and innovative startups. These entities drive the development and commercialization of organic electronic technologies, contributing to the region’s market share. Secondly, North America’s technologically advanced consumer electronics industry fuels the demand for organic electronic devices. The region is a significant market for smartphones, tablets, laptops, and other consumer electronic products, where the adoption of organic electronic components, such as OLED displays, is on the rise. Thirdly, government initiatives and investments in research and development further support North America’s organic electronics market growth. Funding for academic research, collaborations between industry and academia, and supportive policies contribute to advancing and commercializing organic electronic technologies.
Moreover, North America strongly focuses on sustainability and energy efficiency, driving the adoption of organic electronic devices that offer these benefits. The region’s emphasis on eco-friendly technologies and the growing demand for renewable energy solutions, such as organic photovoltaics, also support the market expansion.
Key Players
Merck KGaA (Germany), BASF SE (Germany), Covestro (Germany), DuPont (US), AUO Corporation (Taiwan), Sony Corporation (Japan), Samsung Display (South Korea), LG Display Co., Ltd. (South Korea), Sumitomo Chemical Co., Ltd. (Japan), Universal Display Corporation (US), Konica Minolta, Inc. (Japan), and Novaled GmbH (Germany) are the dominant companies in the organic electronics companies.
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OLED Market by Product Type (Smartphones, Television Sets, Smart Wearables, Large Format Displays), Panel Type, Panel Size, Technology, Vertical, and Geography, 2026
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About MarketsandMarkets™
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
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Blockchain Press Releases
Bybit Web3 Wallet Integrates Tonstakers: The First of Its TON Staking Offerings to Expand DeFi Opportunities
DUBAI, UAE, Dec. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange,is excited to announce the integration of Tonstakers, the leading liquid staking protocol on the TON blockchain, into its Web3 Wallet. This marks the first of Bybit Web3’s TON staking offerings, reinforcing its commitment to expanding decentralized finance (DeFi) opportunities for its users.
With this integration, Bybit Web3 Wallet users can now seamlessly stake Toncoin ($TON) and receive $tsTON (Tonstakers LST) in return. The value of $tsTON increases relative to $TON every 26 hours, ensuring competitive rewards while contributing to the growth and success of the TON ecosystem. The integration also opens the door for 130 million users in the TON ecosystem to access TON staking directly within the Bybit Web3 Wallet.
Bybit is dedicated to simplifying DeFi adoption by providing intuitive and user-friendly staking experiences. This milestone partnership with Tonstakers enables users to unlock annual returns estimated between 3% and 5% APY, with rewards automatically compounded, further cementing Bybit’s role as a leader in DeFi accessibility.
Why Tonstakers Matters: The First of Its Kind
Tonstakers is the inaugural partner in Bybit Web3’s TON staking initiative, setting a new standard for staking services. With a total value locked (TVL) exceeding $260 million and a significant market share in the liquid-staked TON sector, Tonstakers offers Bybit Web3 Wallet users unparalleled access to TON staking benefits:
- Effortless Staking: Securely stake $TON with ease, thanks to the user-friendly interface within the Bybit Web3 Wallet.
- Earn $tsTON Rewards: Receive tokenized staked Toncoin ($tsTON), which can be leveraged within DeFi applications across the TON ecosystem.
- Explore DeFi Liquidity: Engage with Tonstakers Earn to provide liquidity using $tsTON, unlocking diverse earning opportunities.
“Bybit Web3 is proud to deepen our integration with the TON blockchain, a crucial step in our mission to foster a thriving and interconnected Web3 ecosystem,” said Emily Bao, Head of Bybit Web3. “This integration empowers our users with seamless and trusted access to TON liquid staking pools and unlocks valuable earning opportunities. As a strong believer in DeFi adoption, Bybit Web3 is committed to bridging the gap between Web2 and Web3, creating simple, easy, and accessible solutions that bring the benefits of decentralized finance to a wider audience. We believe this integration will significantly contribute to the growth and success of the TON ecosystem.”
Start Staking Today To begin staking your $TON and earning with $tsTON, visit https://www.bybit.com/en/web3/staking and discover the power of Bybit Web3 Wallet’s integration with Tonstakers. Bybit Web3 Wallet currently supports a wide range of staking services beyond TON tokens, including ETH, USDT, USDC, bbSOL, SUI, and more.
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit Web3, please visit Bybit Web3.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
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Blockchain Press Releases
Nodepay Raises $7M Total Funding To Power AI Growth with Real-Time Data Infrastructure
SINGAPORE, Dec. 27, 2024 /PRNewswire/ — Nodepay, a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, today announced it has raised a second round of funding, bringing its total to $7 million.
The latest funding round welcomed new strategic investors IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) as notable angels. They join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.
Nodepay’s network taps into a global community of users running privacy-protected nodes. By sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely information—an approach known as Retrieval Augmented Generation (RAG).
Darren Nguyen, co-founder of Nodepay commented: “Our mission is to develop solutions that create tangible value for both AI developers and its end users. We give contributors a share in the AI ecosystem they help fundamentally build.”
Nodepay’s infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. Together, these components combine to create a fair, collaborative, and innovative AI ecosystem.
Eric Le, investment director of IDG Capital, said, “The team at Nodepay is democratizing the AI economy by providing a platform that allows users to share directly in the value they create. We’re proud to support their vision of making AI more accessible and beneficial to all.”
With this funding, Nodepay will continue to commercialize its infrastructure to benefit both its community and partner AI labs. As it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralized AI development and training.
Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. Users can expect further updates and new announcements through their social channels and official website.
About Nodepay
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By turning idle internet bandwidth into a valuable resource, Nodepay fuels the next generation of AI models and stands at the forefront of AI decentralization.
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Blockchain Press Releases
Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report
DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.
With more than $525 million in BTC and ETH options contracts expiring on Dec 27, 2024’s end-of-year options expiration looks set to be one of the biggest yet, yet expectations for volatility have remained subdued. The report highlights an unusual inversion in ETH’s volatility structure, but BTC has not mirrored the reaction. Additionally, a change in funding rates—sometimes turning negative as spot prices drop—signals a new market phase. Notably, BTC’s volatility structure has been less responsive to changes in spot prices, whereas ETH’s short-term options are exhibiting more noticeable fluctuations.
Key Findings:
BTC Options Expirations:
In the past month, BTC’s realized volatility has been higher than implied volatility on three occasions, each time reaching a relatively calm equilibrium. Open interest in BTC options remains high, contributing to potential increased volatility as we near the end of the year. Around $360 million worth of BTC options (both puts and calls) are set to expire soon, which can affect price movement.
ETH Options: Calls Dominate
Despite a mid-week inversion, ETH’s volatility term structure has flattened, maintaining levels similar to those seen over the past month. In the final week of 2024, calls overwhelmed puts in open interest in ETH options, although market movements and trading activities are more on the put side.
Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: Bybit X Block Scholes Crypto Derivatives Analytics Report (Dec 24, 2024)
#Bybit / #BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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