Display devices to dominate quantum dot market (In terms of size) during the forecast period

According to a recently published research report "<a href="https://www.marketsandmarkets.com/Market-Reports/quantum-dots-qd-market-694.html">Quantum Dot Market</a> 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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“Display devices to dominate quantum dot market (In terms of size) during the forecast period.”

QLEDs have a narrow spectrum, high stability, which allows a considerable cost reduction; therefore, they are attractive for industrial manufacturers. With many advantages, quantum dot displays are considered as the next-generation display technology. Quantum dot are incorporated into a new generation of applications, including flat-panel TV screens, digital cameras, smartphones, gaming consoles, and personal digital assistant (PDA) devices. LEDs with quantum dot luminophores sound promising in the development of next-generation displays, and owing to this, the display devices hold a major share of the quantum dot market.

“APAC quantum dot market to grow at highest CAGR during the forecast period.”

The efforts made by display manufacturers to offer advanced technologies to enhance the customer’s viewing experience and increase profitability by lowering the operational cost is one of the major driving factors for the growth of the quantum dot market. The leading position of APAC can be attributed due to the presence of major display manufacturers such as Samsung Electronics (South Korea), TCL Corporation (China), and Sharp Corporation (Japan). The high demand for quantum dot by display manufacturers has resulted in the increased growth of quantum dot in APAC.

“Cadmium-Free material to dominate the quantum dot market during the forecast period.”

Cadmium-free quantum dot offer a safer and more sustainable option for manufacturers and consumers, giving them the color benefit associated with the technology without the risks associated with toxicity or potential regulatory limitations. Cadmium-free quantum dot also open up potential not just for displays, but for many more applications that include lighting solutions, solar cells, and biomedicine. Moreover, a majority of quantum dot manufacturers are switching from toxic cadmium-based quantum dot devices to cadmium-free quantum dot devices

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