Insight on Global Quantum Dots Market by 2023

The quantum dots market is estimated to grow from USD 2.57 Billion in 2018 to reach USD 8.47 Billion by 2023, at a CAGR of 26.97% during the forecast period. The market growth is mainly driven by the factors such as the increasing demand for quantum dots in high-quality display devices, growing implementation of quantum dots in numerous applications due to their miniature property, and rising adoption of energy-efficient and less or non-toxic quantum dots in solar cells and photovoltaics

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In this report, the quantum dots market has been segmented into products, materials, verticals, and geographic regions. On the basis of materials, the market has been segmented into cadmium-based and cadmium-free quantum dots. Cadmium-free quantum dots, by discarding harmful effects of toxic heavy metals, offer a safer and more sustainable option to manufacturers and consumers, giving them the color benefit associated with the technology without the risks of toxicity or potential regulatory limitations.

Based on products, the market has been segmented into QD displays, QD medical devices, QD solar cells, QD lasers, QD photodetectors/QD sensors, QD lighting (LED) solutions, batteries and energy storage systems, QD transistors, and QD tags. The market for QD lighting (LED) solutions is expected to grow at the highest rate during the forecast period. The incorporation of quantum dots into LED designs marks a vital step in reducing the cost of LED production and making them inexpensive for the average consumer.

The quantum dots market, based on verticals, has been segmented into healthcare, consumer, commercial, defense, telecommunications, and others. The consumer vertical is expected to continue to account for a major share of the quantum dots market in 2018. The rising adoption of products based on the latest technologies such as quantum dots, 4K resolution, 3D, along with decreasing prices of these advanced products, is expected to increase the quantum dots market in the consumer vertical during the forecast period. Thus, the use of quantum dots has grown in the last several years as this technology is providing manufacturers a cheap and efficient way of producing next-generation of brilliant, high-definition TV screens.

APAC is expected to hold the largest share of the quantum dots market between 2018 and 2023. Chinese, Japanese, and South Korean panel makers are investing more in producing more energy-efficient displays, which, in turn, also drives the quantum dots market in Asia Pacific. In addition, the use quantum dots in developing innovative products at affordable prices would create growth opportunities for the players in the quantum dots market in this region.

Nanosys (US), Nanoco (UK), QD Laser (Japan), NN-Labs (US), and Ocean NanoTech (US) are the major companies in the quantum dots market. Other companies in this market are QD Vision (US), Quantum Material (US), Altair Nanotechnologies (US), and InVisage (US), among others.

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