The report "Quantum Dots Market by Product (QD Medical Devices, QD Solar Cells, QD Photodetector/QD Sensors, QD Lasers, QD Lighting, Batteries and Energy Storage Systems, QD Transistors, and QD Tags), Material, Vertical, and geography - Global Forecast to 2025", is expected to grow from USD 2.0 billion in 2017 to USD 12.9 billion in 2025, growing at a CAGR of 25.9% during the forecast period. Factors such as increasing demand for quantum dots in high quality display devices, rising adoption of energy efficient or non-toxic quantum dots in solar cells and photovoltaics, and the growing implementation of quantum dots in numerous application due to their miniature property will boost the growth of the quantum dot market during the forecast period.
The presence of cadmium has slowed down the wide-ranging adoption of quantum dots in devices, with better awareness of the harmful effects of toxic heavy metals, their use in consumer electronics is increasingly regulated. Nevertheless, research activities pertaining to the production and mass manufacturing of heavy metal-free quantum dots are going on. In 2015, Quantum Materials Corp. (US) introduced new cadmium-free (non-heavy metal) quantum dots. The company introduced quantum dots with the highest heat, moisture, and oxidation resistance, along with large Stoke shift quantum dots, by focusing on substantial research and development in improving the performance of these materials to satisfy the needs of display and lighting clients for environmentally friendly quantum dots.
APAC to be fastest growing market for quantum dot during the forecast period
Asia Pacific (APAC) is the fastest-growing region across the world in terms of industrial and technological developments, skilled workforce, and improved infrastructure. In APAC, countries such as China and India are considered as the fastest-growing economies in the world. In 2017, China accounted for the largest share of the quantum dots market in APAC. Various universities and organizations are involved in the R&D of the QD technology. The University of Tokyo (Japan), the University of Tsukuba (Japan), and Hokkaido University (Japan) published their reports on QD. China, South Korea, and India are also playing an increasingly significant role in the research and development of nanotechnology. The leading position of APAC can be attributed to the presence of major display manufacturers such as Samsung Electronics, Co., Ltd. (South Korea), LG Electronics (South Korea), TCL Corporation (China), and Sharp Corporation (Japan). The high demand for quantum dots by display manufacturers has resulted in the increased growth of quantum dots in APAC.
Some of the major players in the quantum dot market are Nanosys, Inc. (US), Nanoco Group plc (UK), QD Laser, Inc. (Japan), NN-Labs, LLC. (US), Ocean NanoTech (US), QD Vision, Inc. (US), Quantum Materials Corp. (US), Altair Nanotechnologies Inc. (US), InVisage (US), and OSRAM Licht AG (Germany).
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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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