the Quantum Dots market to grow from USD 2.6 billion in 2018 to USD 8.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 27.0% during the forecast period. The major factors that are expected to be driving the market are 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. The objective of the report is to define, describe, and forecast the quantum dot market size based on product, material, vertical and region.
Opportunity: Deployment of quantum dots technology in defense and security applications
QD-enhanced solid-state lighting solutions are an affordable and reliable option due to its high state of fluorescence and luminescence properties compared to other types of lighting systems available in the market. Quantum dots would be used in security and defense applications (such as devices that track suspects or prevent trespassing). In defense, QDs can also be used in applications such as missiles, satellites, detection of weapon storage areas, and tracking and surveillance of drug suspects. Security and defense industry will comprise the latest gadgets such as QD-based body armors, weapons, and other QD-based tracking devices.
QD lightings are very much useful in any type of transport mediums such as air, water, and space. Aircraft require lights of high intensity, especially if there is a glare or reflection of light due to certain atmospheric conditions, which could cause inconvenience to a pilot. Ships and submarines also require high-intensity lights. Technologies currently used in these types of transport mediums are incandescent lamps, halogen lamps, and various forms of arc lamps, discharge lamps, and LEDs. Further, the next-generation QD-based systems can play a vital role in the detection of chemical agents, surveillance of hostile areas, and target acquisition.
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).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments:
Post a Comment