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Quantum Dots Market is expected to reach USD 4.48 billion by 2028

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:

  • In January 2015, NANOSYS INC. (United States) signed a contract with Samsung (South Korea) to offer access to its patents. This would assists both companies in growing their quantum dots market existence through strategic collaboration.
  • In 2015, NANOSYS INC., partnered with Life Technologies (US) and Philips-Lumileds (Netherlands) and as well as with universities such as the MIT (Massachusetts Institute of Technology) (United States), Hebrew University (Israel), and the Lawrence Berkeley National Labs (United States), which has helped the company to extend its product portfolio.
  • In April 2019, the prominent US-based cadmium-free quantum dot and nanomaterials manufacturer, Quantum Materials Corp., formed a 100% cadmium-free 55 inch QDX quantum dot display technology which has obtained an industry-leading 95% Rec.
  • In Feb 2019, Nanosys established its breakthrough quantum efficacy for heavy metal-free green, red, and blue QDEL devices, and effectively printed displays with the help of ink jet technology in its labs. This is a key development in the next-generation quantum dot technology.

 Some Key Findings of the Global Quantum Dots Market Report Include:

  • A holistic in-depth study of the parent market.
  • A region-wise and country-wise analysis of the global quantum dots market to get the share and growth details in these areas.
  • Comprehensive information regarding the current R&D activities performed by each market service provider.
  • Several major factors that are impacting the consumption pattern of customers across a number of countries and regions.
  • Year-on-year development of the global quantum dots market in terms of value and volume.
  • Past and future progress of the global quantum dots market.
  • Strategic Frameworks of the market to boost the growth journey.
  • Some of the major players operating in the global quantum dots market are  Nanosys (US), Nanoco Group (UK), NN-Labs (US), Samsung Electronics (South Korea), Quantum Materials (US), Ocean NanoTech (US), Avantama (Switzerland), OSRAM Licht (Germany), and Navillum Nanotechnologies (US). 

Market Segmentation:

By Product Type:

  • QD Medical Devices
  • QD Displays
  • QD Solar Cells
  • QD Photodetectors / QD Sensors
  • QD Lasers
  • QD Lighting (LED) Solutions
  • Batteries and Energy Storage Systems
  • QD Transistors
  • QD Tags

By Material:

  • Cadmium-Based Quantum Dots
  • Cadmium-free Quantum Dots

By End User:

  • Consumer
  • Commercial
  • Electronics
  • Healthcare
  • Defence
  • Others

By Region:

  • North America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Middle East
  • Rest of the World
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