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OE-A Business Climate Survey – Printed Electronics Industry proves resilience

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  • For 2022 revenue growth of 14 percent forecasted compared to 2021
  • Companies expect a “back to normal” business by mid next year
  • Supply chain challenges hinder better revenue

 “Our industry has proved to be resilient in the last year. The positive trend which we have seen at the beginning of this year has stabilized”, reviews Dr. Klaus Hecker, OE-A Managing Director, the results of the latest business climate survey. A biannual survey conducted by OE-A (Organic and Printed Electronics Association), a Working Group within VDMA (Mechanical Engineering Industry Association). Twice a year, 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. These surveys shed light on the anticipated growth of the flexible, organic, and printed electronics industry.

OE-A expects 13 percent sales growth for 2021 compared to 2020

In 2020 the Covid-19 pandemic acted as a setback for the flexible and printed electronics industry, but the industry has largely recovered this year. More than 80 % of the survey participants expect the printed electronics industry to grow in 2021. With an expected 13 percent sales revenue growth, the PE community turns out to be slightly more optimistic compared to their forecast from spring 2021 (in February 2021, a growth of 11 percent was forecasted).

Companies see an increasing recovery in customer demand, especially in Europe and the US, while the Asian market remains more challenging. For 2022 a continuation of this positive trend is anticipated and a “back to normal” business is likely by summer. The companies expect a stable growth in revenue of 14 percent in 2022. This growth is expected along the entire value chain.

“These good prospects are only clouded by the supply chain challenges. Lockdowns caused significant supply-side disruptions, even post Covid, companies will also be confronted with challenges in the global value chain. Especially the tense situation in the supply of chips, materials, and components for our major user industries, have prevented an even better forecast.”, adds Dr. Klaus Hecker. Among the most important user industries for printed electronics applications are top rated Consumer Electronics, Automotive and Medical & Pharmaceutical

Investments and R&D grease the wheels

Furthermore, the employment situation is also encouraging: 77 percent of the responding companies plan for a stable employment situation, with 23 percent planning to increase their staff. According to the survey, the investment situation is very promising, more than 85 percent of the survey participants plan to increase their investment in production in the upcoming 6 months, emphasizing the positive outlook. Almost three quarters of the companies stated to increase their R&D activities over the next six months. “I take these as very good signs for our industry. Continuous research work and investment in production will strengthen and foster our industry’s innovative power”, summarizes Dr. Klaus Hecker.

Visit the joint VDMA and OE-A booth live at productronica 2021 for more insights to printed electronics and attend OE-A’s seminars on November 17-18 at the Innovation Forum in Munich, Germany.

LOPEC 2022 – LIVE Event

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 will be held March 22 to 24, 2022. LIVE EVENT
www.lopec.com

Über OE-A (Organic and Printed Electronics Association)

The OE-A (Organic and Printed Electronics Association) was founded in December 2004 and is the leading international industry association for flexible, 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, and Africa 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 3,400 member companies from the engineering industry make VDMA the largest industry association in Europe.

www.oe-a.org

Flexible, organic, and printed electronics

Flexible, 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.

Firmenkontakt und Herausgeber der Meldung:

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

Ansprechpartner:
Isabella Treser
Project Manager – Press & Public Relations
Telefon: +49 (69) 6603-1896
Fax: +49 (69) 6603-2896
E-Mail: isabella.treser@oe-a.org
Dr. Klaus Hecker
GF
Telefon: +49 (69) 6603-1336
E-Mail: klaus.hecker@vdma.org
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