According to a recently published research report "Quantum Dot Market by Product (Display, Medical Devices, Solar Cells, Photodetector/ Sensors, Lasers, Lighting (LED), Batteries and Energy Storage, and Transistors), Material (Cadmium-Based, Cadmium-Free), Vertical, and Region - Global Forecast to 2025", The global quantum dot market size is expected to grow from USD 3.5 billion in 2019 to USD 10.6 billion by 2025, at a CAGR of 24.6%. Increasing demand for quantum dot in display devices and advanced features of quantum dot are creating scope for the quantum dot industry.
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“Consumer vertical to dominate quantum dot market during the forecast period.”
The consumer vertical is expected to continue to hold the largest share of the quantum dot industry in the near future. The increasing demand for superior display technologies and energy-efficient solutions is likely to drive the quantum dot display market growth. The consumer industry comprises products such as smartphones, televisions, PC monitors and laptops, tablets, and smart wearables, all of which have significant shares in the global quantum dot market.
Factors driving the quantum dot demand in the consumer segment include increasing technological advancements in consumer devices, and growing economies worldwide. Televisions are important device categories that use quantum dot extensively. With the launch of quantum dot-based televisions and expanding demand for large and high-resolution products, the penetration of high-value panels will increase gradually during the forecast period.
APAC to grow at highest CAGR in quantum dot market during the forecast period.
The adoption of quantum dot products in lighting, automotive, consumer electronics applications drives the quantum dot industry growth. As of now, quantum dot are in a pre-commercialization stage; however, in the coming years, the quantum dot will be deployed in mobile displays, batteries and energy storage systems, solar cells, medical devices, and solid-state lighting solutions. Therefore, APAC is expected to command the quantum dot market in the near future. The rising middle-class population with high disposable income and its demand for innovative products, along with improving manufacturing efficiencies, propels the growth of the market in APAC.
Key Market Players
Some of the major players operating in the market are Samsung Electronics (South Korea), Nanosys (US), Nanoco Group (UK), NN-Labs (US), Quantum Materials (US), Ocean NanoTech (US), OSRAM Licht (Germany), Avantama (Switzerland), and Navillum Nanotechnologies (US).
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