The global quantum dot market size is expected to grow from USD 3.5 billion in 2020 to USD 10.6 billion by 2025, at a CAGR of 24.6%. Increasing demand for quantum dot in display devices and advanced features of quantum dot are creating scope for the quantum dot industry.
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“Consumer to dominate the global quantum dot market during the forecast period.”
The consumer vertical is expected to continue to account for the largest share of the quantum dot market. Many consumer electronics companies have started utilizing the quantum dot technology in their products as this technology could improve displays performance dramatically in terms of color gamut, color accuracy, and reduced power consumption.
In addition, the unique characteristics of quantum dot such as high brightness, pure color, and wavelength tenability enable display designers to customize a spectrum of light to maximize both the efficiency and color performance of any display for incredible new user experience. As a result, the consumer vertical is expected to hold a major share of the quantum dot market during the forecast period.
“Market for cadmium-free to grow at the highest CAGR from 2020 to 2025.”
Cadmium-free quantum dot offer a safer and more sustainable option for manufacturers and consumers, giving them the color benefit associated with the technology without the risks associated with toxicity or potential regulatory limitations. Cadmium-free quantum dot also open up potential not just for displays, but for many more applications that include lighting solutions, solar cells, and biomedicine. As a result, the Cadmium-free quantum dot material segment is expected to grow at a higher CAGR during the forecast period.
“Display devices to dominate quantum dot market (In terms of size) during the forecast period.”
QLEDs have a narrow spectrum, high stability, which allows a considerable cost reduction; therefore, they are attractive for industrial manufacturers. With many advantages, quantum dot displays are considered as the next-generation display technology. Quantum dot are incorporated into a new generation of applications, including flat-panel TV screens, digital cameras, smartphones, gaming consoles, and personal digital assistant (PDA) devices. LEDs with quantum dot luminophores sound promising in the development of next-generation displays, and owing to this, the display devices hold a major share of the quantum dot market.
“APAC quantum dot market to grow at highest CAGR during the forecast period.”
The efforts made by display manufacturers to offer advanced technologies to enhance the customer’s viewing experience and increase profitability by lowering the operational cost is one of the major driving factors for the growth of the quantum dot market. The leading position of APAC can be attributed due to the presence of major display manufacturers such as Samsung Electronics (South Korea), TCL Corporation (China), and Sharp Corporation (Japan). The high demand for quantum dot by display manufacturers has resulted in the increased growth of quantum dot in APAC.
Key players in the quantum dot industry include Samsung Electronics (South Korea), Nanosys (US), Nanoco Group (UK), NN-Labs (US), Ocean NanoTech (US), Quantum Materials (US), OSRAM Licht (Germany), Avantama (Switzerland), Navillum Nanotechnologies (US), Crystalplex Corporation (US), RANOVUS (Canada), Innolume (Germany), QUANTUM SOLUTIONS (Saudi Arabia), NanoPhotonica (US), UbiQD (Mexico), Fraunhofer IAP (Germany), TCL (China), VIZIO (US), Hisense (US), and QD Lasers (Japan)
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