According to the new market research 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 2023", The quantum dots market is expected to grow
from USD 2.57 Billion in 2018 to USD 8.47 Billion by 2023, at a CAGR
of 26.97% between 2018 and 2023. Major drivers for 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 adoption of QD products in lighting, automotive,
consumer electronics applications drives the quantum dots market growth.
Asia Pacific is expected to be the fastest-growing region in the
quantum dots market owing to the rapid developments and innovations
taking place in the display industry. Chinese, Japanese, and South
Korean panel makers are investing more in producing more
energy-efficient displays, which, in turn, also drives the quantum dots
market growth in Asia Pacific.
The key players in the quantum dots market include
Nanosys (US), Nanoco (UK), QD Laser (Japan), NN-Labs (US), Ocean
NanoTech (US), QD Vision (US), Quantum Material (US), Altair
Nanotechnologies (US), InVisage (US), and OSRAM Licht (Germany).
Top 2 Players in Quantum Dots Market
Nanosys (US) is one of the
significant players offering quantum dot technology. The company also
has its focus on product launches and developments with respect to QD
display technology, such as quantum dot enhancement film (QDEF), which
enriches the visual experience of the viewers. Nanosys has a large
number of patents, over 200, issued and pending worldwide. It entered
into many agreements with many big giants to increase its revenue and
expand its business. For instance, the company signed an agreement with
Samsung (South Korea) in January 2015 to give access to its patents. The
collaborations of the company with Philips-Lumileds (Netherlands) and
Life Technologies (US) as well as with other partners such as the
Massachusetts Institute of Technology (MIT) (US), the Lawrence Berkeley
National Labs (US), and the Hebrew University (Israel) has helped the
company to broaden its product portfolio.
Nanoco (UK) is one
of the leading manufacturers of nanomaterials in the quantum dots
market. The company has a robust presence in the market and invests
significantly in R&D. The company is mostly focused on demonstrating
strong inorganic growth strategies. For instance, its agreement with
Merck and LG has helped the company to reach a large audience across the
world, thereby resulting in a major market share.
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