The quantum dots market was valued at USD 1.96 Billion in 2017 and is expected to reach USD 8.47 Billion by 2023, at a CAGR of 26.97% during the forecast period. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023.
Quantum dots market for QD displays to grow at highest CAGR during forecast period
The market for QD displays is expected to grow at the
highest CAGR between 2018 and 2023. QDs can be incorporated into a
new-generation applications such as flat-panel TV screens, digital
cameras, smartphones, gaming consoles, and personal digital assistant
(PDA) devices. The increasing demand for displays with higher efficiency
and enhanced color quality has exhibited the growth of QD displays.
Consumer vertical to hold largest size of quantum dots market during forecast period
Of all the verticals, the consumer vertical is
expected to hold the largest market size during the forecast period. The
increasing demand for superior display technologies and
energy-efficient solutions is likely to drive the quantum
dot display market growth. In addition, the unique characteristics of
quantum dots such as high brightness, pure color, and wavelength
tenability enable display designers to customize a spectrum of light to
maximize both the efficiency and color performance of any display for
incredible new user experience.
APAC to hold largest market share and witness highest growth
APAC is expected to hold the largest share of the
quantum dots market between 2018 and 2023. 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 in Asia Pacific. In addition, the use quantum dots in developing
innovative products at affordable prices would create growth
opportunities for the players in the quantum dots market in this region.
Nanosys (US), Nanoco (UK), QD Laser (Japan), NN-Labs
(US), and Ocean NanoTech (US) are the major companies in the quantum
dots market. Other companies in this market are QD Vision (US), Quantum
Material (US), Altair Nanotechnologies (US), and InVisage (US), among
others.
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