Organic and Printed Electronics Industry to See 17% Revenue Growth in 2017
November 2, 2016 | Organic and Printed Electronics AssociationEstimated reading time: 1 minute
The signs continue to be set for growth in the organic and printed electronics industry. This is the clear message of the latest business climate survey conducted by the OE-A (Organic and Printed Electronics Association), a Working Group within VDMA (Mechanical Engineering Industry Association). Three-quarters of survey participants expect the industry to continue its positive development in the coming year.
With projected sales revenue of 10%, 2016 will be a very successful year for OE-A members which confirms the expected outcomes of the previous survey, carried out earlier this year. For 2017, a continuation of the positive trend in the organic and printed electronics industry is expected – in all areas, from material suppliers to end-users. Companies expect further advancement and revenue growth of 17%.
Organic and Printed Electronics Industry Continues to Grow
The semi-annual OE-A Business Climate Survey sheds light on the anticipated growth of the Organic and Printed Electronics industry. Every six months, all OE-A members – from material suppliers to end-users – are asked to provide qualitative data on the state of the industry and expected development of their companies’ sales.
The positive outlook for 2017 is also reflected in other areas. Companies would like to continue to invest into expanding production. About one third even want to increase these investments. In addition, projects in R&D activities are broadened. Furthermore, there are promising opportunities for employees in the organic and printed electronics industry: 31% of the companies surveyed plan to hire additional staff in the next six months.
Thin, lightweight and flexible are characteristics of organic and printed electronics. These features enable novel applications in numerous areas. “OE-A members in particular are targeting the following sectors: consumer electronics, medical and pharmaceutical, automotive, packaging as well as energy,” says OE-A Chair Dr. Jeremy Burroughes. “Smart packaging, flexible displays, OLED lighting, flexible solar cells, disposable diagnostic equipment, interactive games or printed batteries are just a few examples of the current and future areas of application for printed electronics.”
Suggested Items
SPEA Expands in Southeast Asia with New Subsidiary in Thailand
05/17/2024 | SPEASPEA, a global leader in automatic test equipment for the manufacturing of semiconductor, microelectronic and electronic devices, today announced the opening of its new subsidiary in Thailand. This expansion marks a significant step forward in SPEA's commitment to serving the growing Southeast Asian microchip and electronics market with leading-edge manufacturing machinery and equipment.
Indium Corporation to Showcase Sustainable Solutions for Power Electronics at PCIM
05/17/2024 | Indium CorporationAs one of the leading materials providers to the power electronics assembly industry, Indium Corporation® will proudly showcase a selection of innovative products at PCIM Europe, June 11-13, in Nuremberg, Germany.
Siemens, Foxconn Team Up to Optimize Forward-thinking Manufacturing
05/16/2024 | FoxconnSiemens AG, a leading technology company, and Hon Hai Technology Group (Foxconn), the world’s largest electronics manufacturer, have signed a memorandum of understanding (MoU) to drive digital transformation and sustainability in smart manufacturing platforms.
IPC Releases May 2024 Global Sentiment of the Electronics Supply Chain Report
05/16/2024 | IPCSentiment among electronics manufacturers fell this month, after hitting a new high in April. Despite the decline, sentiment remains historically high according to IPC’s May Sentiment of the Global Electronics Manufacturing Supply Chain Report.
Sypris Reports Q1 2024 Results; Revenue Up 10%
05/15/2024 | Sypris Solutions Inc.The Company’s first quarter 2024 consolidated revenue increased 10.1% to $35.6 million compared with the prior-year quarter, representing the 11th quarter of double-digit year-over-year growth during the past 12 quarterly periods.