According to a research report "Quantum Dot Market with COVID-19 Impact Analysis by Material (Cadmium-based, Cadmium-free), Product (Quantum Dot Displays, Other Products), Vertical (Consumer, Commercial, Healthcare, Defense, Telecommunications), and Geography - Global Forecast to 2026" published by MarketsandMarkets, the global quantum dot market is expected to reach USD 8.6 billion by 2026 from USD 4.0 billion in 2021, at a CAGR of 16.2% during the 2021-2026 period.
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Quantum dot displays to account for the largest share of the quantum dot market during the forecast period
Quantum dot displays have a narrow spectrum, high stability and low power consumption. Hence, they are being increasingly used by display manufacturers. Quantum dot are used in displays of flat-panel TV screens, digital cameras, smartphones, gaming consoles, and personal digital assistant (PDA) devices. LEDs with quantum dot luminophores is a promising development in the display ecosystem. The increased adoption of quantum dots in displays is expected to drive the quantum dot display market.
Quantum dot displays to hold largest market share in the quantum dot market during the period 2021 and 2026
Properties such as high luminous efficacy, high brightness and low power consumption make quantum dots highly suited for displays. Quantum dot displays resist moisture more effectively than other displays and hence, they have a longer life than other displays. The use of inorganic materials in quantum dots prevent burn-ins which is seen in other displays. The numerous advantages of using quantum dot displays is a major factor driving the growth of quantum dot displays.
Asia Pacific to account for the largest share of quantum dot market during the forecast period
Asia Pacific holds the largest share in the global quantum dot market. The major factors driving market growth include the presence of many established display manufacturers, the growing number of market players and research organizations involved in R&D activities related to quantum dot technology, the increasing advancements in the display ecosystem and the growing demand for quantum dot displays.
The report profiles key players such as Samsung Electronics (South Korea), Nanosys (US), Nanoco Group (UK), NNCrystal US Corporation (US), QD Laser (Japan), Merck Group (Germany), NanoPhotonica (US), OSRAM Licht (Germany), Crystalplex Corporation (US), LG Electronics (South Korea) and DuPont (US).
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