The quantum dot market is expected to expand its roots with a strong CAGR of 16% between 2022 and 2032. The market holds a value of US$ 4.64 billion in 2022 while it is expected to cross a market size of US$ 20.47 billion by 2032.
| Attributes | Details |
|---|---|
| Quantum Dot Market Size (2022E) | US$ 4.64 Billion |
| Quantum Dot Market Size (2032F) | US$ 20.47 Billion |
| Value CAGR (2022 to 2032) | 16% |
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Quantum dot is nothing but a semiconductor nanocrystal that holds a reactive core, controlling its optical properties. The higher research and development activities help the long range of applications with newer developments for each industry.
Quantum dots behave like atoms once excited while their properties differ. The higher energy observing and emitting capacity makes these crystal perfect for the screens. Though not totally understood, the concept of quantum dots can only be explained through its applications.
The application of quantum dots is found in wide industries such as nanotechnology, quantum computing, cell biology research, microscopy, single-photon sources, solar cells, and single-electron transistors. Furthermore, its application in enhancing the flat-panel LED displays for improving their brightness proportion helps in fueling the demand for quantum dot globally.
Its use in quantum dot laser helps in the field of medicine with laser scalpel, optical coherence tomography and other operations. Thus, the wide range of optical dot fuels its market’s growth. Formally known as nano-crystal semiconductor, it provides the best resolution to the TV screens as it observes the extra light emitting.
High cost of the Quantum Dot technology as compared to other traditional display technologies and extended research leading to slow adoption is a major challenge and is further restraining the growth of the global Quantum Dot market.
Increased urbanization has led to the sales of TV sets and it is expected to expand further with increasing per capita income. The demand for high-performance, premium screens has pushed companies to adopt the latest technologies that enhance the end-user experience.
However, the integration of OLED screens with quantum dots helps in maintaining the price section. The new companies are introducing quantum dot technology in their flagship TV sets. This increases the sales of quantum dots.
Its application in TV has one major competitor which is Nanocell technology that is based on 4k tech by absorbing unwanted lights and enhancing the display quality. Both offer almost the same results while the resolution might differ.
Quantum Dots are tiny particles or Nano-order crystals of a semiconducting material with diameters in the range of 2-10 nanometers. The electronic characteristics of Quantum Dots such color of light given off by Quantum Dot are determined by their size and shape, the color of light given off by a Quantum Dot.
Quantum Dots’ ability to precisely convert and tune a spectrum of light makes them ideal for use in LCD displays. The unique size and composition tunable electronic property of these Nano order semiconducting material make them very appealing for a variety of applications.
The demand for electronic devices with better resolution quality and narrow band of frequency spectrum of light will further increase the demand for Quantum Dot technology products.On the basis of composition and structure Quantum Dots can be classified as Core-type Quantum Dots, core-shell Quantum Dots and alloyed Quantum Dots.
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The rise in the use of consumer electronics devices such as mobile phones and tablets are increasing the demands for display devices which is major growth driving factors of global Quantum Dot market. Further the application of Quantum Dot technology in newer application areas such as food & packaging and security & defense will drive the growth of global Quantum Dot market.
High cost of the Quantum Dot technology as compared to other traditional display technologies and extendedresearch leading to slow adoption is a major challenge and is further restraining the growth of the global Quantum Dot market.
Quantum Dots are used in LCD devices such as tablets, smartphones and TV’s. The narrow color-band frequency emission of Quantum Dots and smaller size enable them to manage the brightness of the display while ensuring less power consumption than OLED and LCD displays.
Major players in television manufacturing such as Sony and Samsung are developing Quantum Dot-based 8K and 4K LCD LED TVs, reducing the cost in comparison to emerging OLED technology.
Due to their narrow band of light emission, Quantum Dots are also being used heavily in variousoptoelectronic devices such as telecom components and lasers, to increase their efficiency. While Quantum Dots are slowly emerging in optoelectronics, it is expected to rise with increase in product development.
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Global Quantum Dot market can be segmented by application, by end use industry, by material type, by technology and by geography. By application the market can be segmented as solar cell, lasers, display devices, solid state LED lighting, battery and others.
The others segment includes sensors, transistors, optical switches & logic gates and memory devices. Based on end use industry the Global Quantum Dot market includes can be segmented as medical devices, consumer electronic devices, defense industry and others.
Based on material type the market can be segmented as Cadmium Sulphide, Cadmium Telluride, Cadmium Selenide, Silicon and Indium Arsenide. Segmentation by technology type includes colloidal synthesis, fabrication, viral assembly, bulk manufacturing and cadmiumfree Quantum Dots.
Geographically, the global Quantum Dot market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa.By 2016 end North America is expected to hold the largest market share followed by APEJ. BY 2026, APEJ is expected to emerge as market leader in Quantum Dot.
Some of the major players identified across the global Quantum Dot market includes NANOSYS, INC, Sigma-Aldrich Co., Nanoco Technologies Limited, Thermo Fisher Scientific Inc., The Dow Chemical Company, Ocean NanoTech., QD Laser, Inc. and others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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