According to a recently published research report "Quantum Dot Market by Product (Display, Medical Devices, Solar Cells, Photodetector/ Sensors, Lasers, Lighting (LED), Batteries and Energy Storage, and Transistors), Material (Cadmium-Based, Cadmium-Free), Vertical, and Region - Global Forecast to 2025", The global quantum dot market size is expected to grow from USD 3.5 billion in 2019 to USD 10.6 billion by 2025, at a CAGR of 24.6%. Increasing demand for quantum dot in display devices and advanced features of quantum dot are creating scope for the quantum dot industry.
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Key Market Players
Key players in the global quantum dot market include Samsung Electronics (South Korea), Nanosys (US), Nanoco Group (UK), NN-Labs (US), Ocean NanoTech (US), Quantum Materials (US), OSRAM Licht (Germany), Avantama (Switzerland), Navillum Nanotechnologies (US), Crystalplex Corporation (US), RANOVUS (Canada), Innolume (Germany), QUANTUM SOLUTIONS (Saudi Arabia), NanoPhotonica (US), UbiQD (Mexico), Fraunhofer IAP (Germany), TCL (China), VIZIO (US), Hisense (US), and QD Lasers (Japan).
Nanosys is one of the leaders in developing and delivering Quantum Dot technology to the display industry. Nanosys offers Quantum Dot Enhancement Film (QDEF) and Quantum Dot on Glass (QDOG) technologies, some of the key components of the Ultra High Definition (UHD) display revolution. It manufactures and sells the world’s leading performance, and lowest cost Quantum Dot nanomaterials. Quantum Dot technology is the future technology platform for all displays, including LCDs, OLEDs, micro LEDs, and printable electroluminescent displays. The company is one of the leading players in quantum dot technology. It focuses on providing technologically advanced products based on Quantum Dot. The company is focusing on continuous innovation in the Quantum Dot offering and has one of the largest quantum dot patent portfolios with more than 450 issued and pending patents worldwide. The company focuses on inorganic growth through partnerships and collaborations with original equipment manufacturers in different regions to increase its market presence in growing economies such as Germany, India, and China. This will help the company maximize its revenue by targeting latent opportunities in these markets.
“APAC quantum dot market to grow at highest CAGR during the forecast period.”
The adoption of quantum dot products in lighting, automotive, consumer electronics applications drives the quantum dot industry growth. As of now, quantum dot are in a pre-commercialization stage; however, in the coming years, the quantum dot will be deployed in mobile displays, batteries and energy storage systems, solar cells, medical devices, and solid-state lighting solutions. Therefore, APAC is expected to command the quantum dot market in the near future.
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