Display to dominate the Quantum Dots market during the forecast period

The 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 2025", is expected to grow from USD 2.0 billion in 2017 to USD 12.9 billion in 2025, growing at a CAGR of 25.9% during the forecast period. Factors such as increasing demand for quantum dots in high quality display devices, rising adoption of energy efficient or non-toxic quantum dots in solar cells and photovoltaics, and the growing implementation of quantum dots in numerous application due to their miniature property will boost the growth of the quantum dot market during the forecast period.

A QD display device (QDD) is a type of display technology used in flat-panel displays as an electronic visual display. QD nanocrystals are a part of the light emitting technology and consist of nano-scale crystals that are used in display technologies. QDs can be incorporated into a new generation of applications such as flat-panel TV screens, digital cameras, smartphones, gaming consoles, and personal digital assistant (PDA) devices. Additionally, with quantum dots, the green and red portions of the white light have a narrow spectrum; therefore, less light gets removed by the color filter, improving both the color and the energy efficiency of the display. Further, QDs also allow thin-film deposition on displays, which saves costly techniques in display fabrication.  Owing to the remarkable characteristics of quantum dots such as their ability to convert light from one color to another very efficiently and their capability to convert and tune a spectrum of light precisely their demand will be high for display application.

Emerging new application areas of quantum dots

Apart from displays and lighting solutions, the optical properties of quantum dots can be used in various other upcoming applications. The QD technology is flexible and versatile; it can be applied in numerous fields such as optoelectronics, medical imaging, and quantum computing.

Optoelectronics is one of the promising markets for the Quantum dots technology. Massive research is going on in the field of optoelectronics. High-quality quantum dots can be useful in optical encoding and multiplexing applications owing to their narrow emission spectrums and wide excitation profiles. Several efforts have been made to make use of quantum dots for next-generation optoelectronic devices such as solar cells, lasers, photodetectors, and transistors with the emphasis on improving performance and efficiency. A solar cell is another promising application for QD technology, which is expected to be commercialized in coming years. Researchers are working on QD technology-based solar cells and paints, which will act as a solar power generator if applied on the floor or panels. Some of the universities have developed a solar cell that is 50% more efficient than a conventional solar cell. The unique features such as superior tuneability and sensitivity,due to their three-dimensional quantum confinement, make quantum dots ideal for optoelectronic applications, including lasers, solar cells, and photodetectors.

The demand for quantum dots is expected to grow steadily in biomedical, healthcare, and life sciences applications. They are widely used to study tumor targeting, intracellular processes, diagnostics and cellular imaging at high resolutions, and in vivo observation of cell trafficking and drug delivery applications. The spectral properties of quantum dots have attracted its adoption in biology and medicine field. QD lasers are poised to emerge as one of the core optical communications technologies, which is likely to aid the telecommunications industry in managing the rising tide of global data traffic.

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