Latest research report on ‘Quantum Dots Market’ delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, market valuations which illustrates its growth trends and competitive landscape as well as the key players in the business.
Quantum Dots Market is valued at USD 2256.4 Million in 2018 and expected to reach USD 9859.3 Million by 2025 with the CAGR of 23.45% over the forecast period.
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Increasing adoption rate of quantum dots in electronics devices combined with growing demand for high demand for energy efficient solutions are some of the major factors driving the growth of Global Quantum Dots Market.
Key Players of Global Quantum Dots Market Report-
Quantum Dots market report covers prominent players like Sony Corporation, Samsung Electronics Co. Ltd, LG Display, Altair Nanotechnology Inc., Life Technologies Corporation, QD Laser Inc., Nexxus Lighting, Invisage Technologies Inc., Evident Technologies, Quantum Material Corporation, Microvision Inc., Nanosys Inc., Nano Axis LLC, Ebioscience Inc., Sigma-Aldrich Co. LLC and others.
Quantum dots (QD), also known as artificial atoms, are semiconductor particles with the ability to emit light at specific wavelengths. Due to QD high tunable properties, they are used for various applications such as quantum computing, second-harmonic generation, solar cells, diode lasers, and medical imaging. Also, they can be suspended in the solution so that it can also be used in inkjet printing and spin-coating. Quantum Dots are tiny particles or nano-order crystals of a semiconducting material with diameters in the range of 2-10 nanometers. They are used in many sectors to improve the performance of the application. Quantum dot used in display helps to convert the black light to pure basic light which improves the color gamut and display brightness. This technology is used in LED, LCDs, and other display technologies. Furthermore, QD are used in solar cells to improve its efficiency and it is better alternative than any other cells as it do not give rise to carbon emission.
The regions covered in this quantum dots market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of quantum dots is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global Quantum Dots Market Dynamics–
Growing led penetration in the lighting market is increasing the demand for quantum dots owing to its application in manufacturing high-efficiency and color-saturated displays. It is increasingly becoming popular in the consumer electronics segment owing to its applications in appliances, such as LED TVs, which absorb and emit light in pure colors, as much as four times brighter than any other display technology in the world. Companies such as Nanosys, Inc. and Samsung have already launched QD enhanced LCDs which gives more vibrant color with less consumption of power, these displays are giving tough competition to OLEDs. However, health-related issues from cadmium-based quantum dots may hamper the growth of the quantum dots market. It has been reported that cadmium-based quantum dots are toxic to human health and environment. According to the International Agency for Research on Cancer, cadmium and cadmium compounds have been classified as carcinogenic to humans. Moreover, increasing disposable income and rising standard of living of people in developing countries, such as China, India, and Brazil, are generating significant opportunities for the further growth of the quantum dots market.
Global Quantum Dots Market Segmentation:–
Medical devices, LED display, Lasers, Sensors, Chips, Lighting devices, Solar cell
Healthcare sector, Optoelectronics sector, Energy sector, Quantum computing sector, Quantum optics sector, Security and surveillance sector, Consumer sector, Defense sector
Global Quantum Dots Market Regional Analysis–
North America is expected to dominate the global quantum dots market with the potential rate in terms of revenue due to the early adoption of quantum dots technology in this region. In addition, increased awareness regarding health and fitness among the population is projected to boost the regional demand for quantum dots across medical and bio-imaging applications. According to International Data Corporation, about one in three Americans report at some point having worn a fitness tracker such as a Fit bit or smart watch (34%) or having tracked their health statistics on a phone or tablet app (32%).
Asia Pacific is anticipated to grow at a highest CAGR over forecast period due to the presence of major electronics companies such as LG and Samsung who are continuously investing in Quantum dot technology to develop innovative products in this region. For instance; Samsung sell over 5.4 million Quantum dots TVs in 2019.
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