Quantum Dots Market Global Analysis, Statistics And Revenue Research Report by 2027
The growth of the market is attributed to the increasing demand of quantum dots for display devices and growing application areas of the technology in various industries
According to a recent estimate by Emergen Research, the value of the worldwide quantum dot market would reach USD 15.68 billion by 2027. The main market driver is the demand for quantum dots in high-quality display systems. Quantum dot enhancement film (QDEF) layer, which is used to improve the LED backlighting in liquid crystal display televisions, is a comprehensive area of QDs’ applications. One may produce a wide spectrum of colours by using quantum dots, which provide one the capacity to get rid of all the in-between hues and produce correct colour. Additionally, when the quantum dots are used properly, a higher energy efficiency can be reached.
Manufacturers and customers have a safer and more environmentally friendly option in cadmium-free quantum dots, which provide the technology’s colour benefit without any toxicity or potential regulatory risks. In addition to screens, cadmium-free quantum dots have a number of other uses as well, including solar energy, lighting, and healthcare. As a result, it is anticipated that the cadmium-free quantum dot market would expand at the greatest CAGR throughout the course of the projected year.
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Throughout the forecast period, the consumer sector is anticipated to hold the greatest share of the quantum dot market. Quantum dots are a widely used technology in consumer electronics because they can increase colour accuracy while consuming less power, which can enhance overall display performance. The use of quantum dots in consumer electronics products offers a number of benefits, including high brightness, pure colour, and wavelength tenability, which allow display designers to customise a spectrum of light to maximise both the effectiveness and colour performance of any display for a completely new kind of user experience. As a result, it is anticipated that over the forecast period, the consumer vertical would hold a significant portion of the quantum dot market.
Key Highlights From The Report.
- A 55-inch QDX quantum dot display that is 100% cadmium-free was developed in April 2019 by Quantum Materials Corporation, a top US maker of cadmium-free quantum dots and nanomaterials. It can reach a 95% rec industry standard. The brand’s unique QD-enhanced film was used to attain the performance level, eliminating the need for the pricey barrier film required for QD-based show styles.
- When used for biological applications, quantum dots are anticipated to have a major disadvantage. This is due to their enormous physical size and the inability of them to disperse through cellular membranes. Because the delivery procedure can be harmful to the cells, the delivery strategy could lead to its demise. While in other situations, a QD might potentially be detrimental to the cell and unsuitable for any biological application, which could serve as a major market restraint.
Key participants include Samsung Electronics, Nanosys, Nanoco Group, NN-Labs, Quantum Materials, Ocean NanoTech, OSRAM Licht, Avantama, and Navillum Nanotechnologies, among others.
For the purpose of this report, Emergen Research has segmented into the global Quantum Dots Market on the product, end user, material, and region:
Material Outlook (Revenue, USD Billion; 2017-2027)
- Cadmium-Based Quantum Dots
- Cadmium-Free Quantum Dots
Product Outlook (Revenue, USD Billion; 2017-2027)
- Solar Cells
- Medical Devices
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End User Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue: USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
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