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 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.
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 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 Inc. (US), Nanoco Group plc (UK), QD Laser,
Inc. (Japan), NN-Labs, LLC. (US), and Ocean NanoTech (US) are the major
companies in the quantum dots market. Nanosys is one of the significant
players and ranked first in the quantum dots market in 2017. 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 universities 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.
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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