Printed electronics: Significant decline in sales due to Corona pandemic
"This is the first negative sales forecast since the first OE-A Business Climate Survey in 2014," says Dr Klaus Hecker, OE-A Managing Director. "Although the order situation has recovered significantly after a strong decline in the 2nd and 3rd quarters, companies will not be able to fully compensate for the sales losses already suffered this year," adds Dr Hecker.
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.
OE-A expects 7 percent sales growth for 2021
But there is also positive news: A partial recovery is expected for 2021 with a sales forecast of plus 7 percent. This growth is expected along the entire value chain. In addition, two-thirds of the companies plan to increase their investments in production within the next six months. There are also positive signs for employees: The employment situation is stable at almost 90 percent of the companies and 9 percent of the firms are even increasing their workforce. Currently, the most important user industries are still consumer electronics, automotive and, increasingly, the medical and pharmaceutical sectors.
"For 2021 the outlook of the industry is optimistic. Numerous product launches are planned and the interest of important user industries remains," says Dr Hecker. "However, the companies expect it will take one to two years to fully compensate for the losses," adds Dr Hecker. "The pandemic has also boosted the development of and demand for specific applications such as smart patches for monitoring temperature or respiration in the medical sector, and sensor mats for distance control in the retail sector. Every crisis is also an opportunity. The companies have accepted this challenge in a very dynamic and flexible way".
LOPEC
The OE-A and Messe München are the hosts of LOPEC, the premier international exhibition and conference for the printed electronics industry. It addresses end-users, engineers, scientists, manufacturers, and investors. LOPEC 2021 will be held March 23rd to 25th, 2021. www.lopec.com
The OE-A (Organic and Printed Electronics Association) was founded in December 2004 and is the leading international industry association for organic and printed electronics. The OE-A represents the entire value chain of this emerging industry. Our members are world-class global companies and institutions, ranging from R&D institutes, mechanical engineering companies and material suppliers to producers and end-users. Well over 200 companies from Europe, Asia, North America, South America, Africa and Oceania are working together to promote the establishment of a competitive production infrastructure for organic and printed electronics.
The vision of the OE-A is to build a bridge between science, technology and application. The OE-A is a working group within VDMA. More than 3,100 member companies from the engineering industry make VDMA the largest industry association in Europe. www.oe-a.org
Organic and printed electronics
Organic and printed electronics stands for a revolutionary new type of electronics: they are thin, lightweight, flexible, robust and produced at low cost. It enables new applications, including single-use devices enabling ubiquitous electronics.
OE-A (Organic and Printed Electronics Association)
Lyoner Straße 18
60528 Frankfurt
Telefon: +49 (69) 660317-37
Telefax: +49 (69) 660327-37
http://www.oe-a.org
Telefon: +49 (69) 6603-1896
E-Mail: sophie.verstraelen@oe-a.org
