Quantum Dots Market 2020 by Key Trends, Segmentation, Consumption, Export, Import and Forecast 2023
The global quantum dots market is garnering considerable traction. Market growth is attributed to the increasing adoption of quantum dots technology due to its benefits, such as vibrant displays with low-energy consumption and utilization in various applications. Moreover, the growing demand for quantum dots in display devices and energy efficiency offered by quantum dots drive the growth of the quantum dots display market. Also, increasing R&D investments escalate market growth.
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According to Market Research Future (MRFR), the global quantum dots market is expected to create a valuation of USD 8,151.07 MN by 2025, growing at a whopping CAGR of 26.45% throughout the forecast period (2019–2025). In its recent COVID19 analysis on the quantum dots market MRFR also confirms that in 2018, the market valuation had reached USD 2,520.98 MN. Increasing implementation of quantum displays in computers and machine learning devices substantiates the market growth.
Rising awareness about the benefits of quantum dots increases market demand. Also, the increasing adoption of quantum dots in the Consumer, Telecommunication, Commercial, Healthcare, Defense, and others accelerates the market growth. Additionally, government initiatives for the development of quantum dots technology act as a significant driving force behind the growth of the market. Conversely, the slow adoption rate of the technology and utilization of heavy metals as raw material are key factors estimated to impede the growth of the market.
Major Players:
Players leading the quantum dots market include Nanoco Group PLC (UK), Nanosys, Inc. (US), QD Laser, Inc. (Japan), Ocean NanoTech (US), NN-Labs, LLC (US), QD Vision (US), Altair Nanotechnologies Inc. (US), Quantum Material Corp. (US), OSRAM Licht AG (Germany), UbiQD, Inc. (Mexico), Crystalplex Corp. (US), LG Display Co., Ltd (South Korea), Pacific Light Technologies (US), Navillum Nanotechnologies (US), and Nano Elements Source, LLC (US), among others.
Industry/Innovation/Related News:
July 20, 2020 ---- European nanotechnology company QNA Technology, announced that it is looking to partner to develop the revolutionary Deep Blue Quantum Dots. QNA’sdeep blue dots can be used in transparent and flexible LEDs, which simultaneously may be cheaper than other emitters of high-quality blue light. Deep Blue Quantum Dots with notable advantages over other quantum dots and organic light emitters can bring substantial changes. The blue-emitting quantum dots technology is the key element in creating flexible LEDs, e.g., for medical applications.
QNA Deep Blue Quantum Dot, including 450 dots, has more benefits than any other known blue dot or organic emitter, which the big industry players focus. The new 450 dots technology does not interact with human tissues as much, are less effective in initializing chemical reactions with many substances in dentistry, agriculture, or pharmacy and enable reproducing a narrower palette of colors than QNA Dots do.
Global Quantum Dots Market - Segments
The report is segmented into four dynamics;
By Product : Displays, Solar Cells, Photodetectors, Lasers, Led, Transistors, and others.
By Material : Cadmium Selenide, Cadmium Sulfide, Cadmium Telluride, Zinc Sulfide, Indium, Silicon, and others.
By Vertical : Consumer, Telecommunication, Commercial, Healthcare, Defense, and others.
By Regions : Asia Pacific, Americas, Europe, and the Rest-of-the-World.
Global Quantum Dots Market - Regional Analysis
North America dominates the global quantum dots market. The largest market growth attributes to the increased awareness regarding health and fitness among the population. Furthermore, significant demand for QLEDs due to the early adoption of quantum dots technology boosts the regional market demand. The US, among other North American countries, currently holds the highest market share in the regional quantum dots market.
Moreover, the presence of technology providers, along with the growing investments by government agencies and aerospace & defense to research and develop machine learning technology, influences the market growth. The North American quantum dots market is projected to retain its dominance throughout the estimated period.
Europe stands second in the global quantum dots market. The market is driven by substantial investments by companies as well as governments in the region. Besides, rising initiatives by governments in various countries in this region drive market growth. The presence of significant players facilitates the development of quantum technology in the region. The European quantum dots market is expected to create a substantial revenue pocket throughout the review period.
The Asia Pacific quantum dots market is a promising market expected to show positive growth over the review period. Factors such as the presence of major electronics companies such as LG and Samsung positively impact market growth, attracting more investments in the development of quantum dot technology and innovative products. Furthermore, factors such as the wide adoption of quantum computers by the telecommunication sector in APAC countries like China, Japan, and others increase the quantum dots market size in the region. The APAC quantum dots market is expected to register the highest CAGR during the forecast period.
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Global Quantum Dots Market - Competitive Analysis
Highly competitive, the quantum dots market appears to be fragmented due to the presence of numerous well-established players. Comprehensive strategies traced from the study of recent developments of the players include product launch, agreement & partnership, acquisition, and expansion. The research indicates significant investments by multinational companies and emerging startups. The market demonstrates a high growth prospect, which attracts several new entrants to the market that would further intensify the market competition.
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