The signs continue to be set for growth in the organic and printed electronics industry. This is the clear message to result from the latest business climate survey conducted by the OE-A (Organic and Printed Electronics Association), a Working Group within VDMA (Mechanical Engineering Industry Association). Over 80% of survey participants expect the industry to continue its positive development in the coming year.
The semi-annual OE-A Business Climate Survey sheds light on the anticipated growth of the Organic and Printed Electronics industry. During each survey, OE-A members - from material suppliers to end-users - are asked to provide qualitative data on the state of the industry and their expected sales development.
The organic and printed electronics industry continues to grow
With a projected sales revenue of 13%, 2017 will be a very successful year for OE-A members. This outlook even exceeds the expectations of the previous survey, carried out earlier this year, with five percentage points. For 2018, a continuation of the positive trend in the organic and printed electronics industry is expected. Companies anticipate further advancement and revenue growth of 16% along the entire value chain.
Thin, lightweight and flexible - these are the characteristics of organic and printed electronics. These features enable applications in numerous areas. OE-A members in particular target the following sectors: consumer electronics, medical and pharmaceutical, automotive, lighting, energy and packaging.
“We especially see a growing interest in the industry sectors mobility and automotive as well as medical and pharmaceutical," said Dr. Klaus Hecker, OE-A Managing Director. “These are also the focus topics of LOPEC 2018, for both the exhibition as well as the conference.”
The positive forecasts for 2018 are also reflected in other areas. Survey respondents want to continue to invest in expanding production in particular, which also offers the mechanical engineering sector new opportunities.
They also want to continue expanding capacity in R&D activities as well as hire more employees.