The Global Quantum Dots Market is likely to grow from USD 4.48 billion in 2019 to reach USD 51.29 billion by 2028, expanding at a CAGR of 31.1% over the forecast period. The global quantum dots industry is anticipated to grow significantly over the next few years. The growth in demand for optimized devices with improved performance and high resolution is expected to become the main growth driver for the quantum dots market in many application areas.
Quantum dots exhibit a brightness which is 10-20 times greater than organic dyes. Due to the reduction of semiconductor materials to quantum-dot level, the material gets transformed from insulator to conductor owing to variations in the light wavelength. This transformation allows quantum dots to be combined in a number of devices instead of looking for new semiconductors with a special chemical composition.
In addition, blue quantum dots are smaller than other colours of quantum dots in size. However, the manufacturing process of blue quantum dots is quite complex. This is likely to be a major restraint for the global quantum dots market, as it can limit the use of blue quantum dots in monitor and display products. Quantum dots generate high peak brightness for various optimized devices, such as TVs as well as large-format displays.
QDs use a pure blue backlight and precise green and red filters to produce a true white light that can then be filtered into improved colors. This allows companies to improve the color brightness and length of the display. This has led TV and display manufacturers to adopt quantum dots. In addition to this, the use of quantum dots has grown significantly in the past few years, as this technology is offering manufacturers an effective way for producing the next generation of high-definition, brilliant, TV screens.
Global Quantum Dots Market, By Material
The cadmium-free segment is accounted to grow at a significant rate over the forecast period. Cadmium-free quantum dots give a safer as well as more sustainable option for consumers and manufacturers. Manufacturers and consumers can derive the color benefit related to the technology without the hazards associated with toxicity and various regulatory limitations.
Global Quantum Dots Market, By Product Type
Display devices to lead the quantum dot market in terms of volume over the forecast period. QLEDs have a high stability and narrow spectrum, which leads to considerable cost reduction. Therefore, it is beneficial for industrial manufacturers. With a large number of benefits, quantum dot displays are considered the next-generation display technology.
Key Developments in Quantum Dots Market:
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