The quantum dots market is estimated to grow from USD
2.57 Billion in 2018 to reach USD 8.47 Billion by 2023, at a CAGR of
26.97% during the forecast period. The market growth is mainly driven by
the factors such as 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
In this report, the quantum dots market has been
segmented into products, materials, verticals, and geographic regions.
On the basis of materials, the market has been segmented into
cadmium-based and cadmium-free quantum dots. Cadmium-free quantum dots,
by discarding harmful effects of toxic heavy metals, offer a safer and
more sustainable option to manufacturers and consumers, giving them the
color benefit associated with the technology without the risks of
toxicity or potential regulatory limitations.
Based on products, the market has been segmented into
QD displays, QD medical devices, QD solar cells, QD lasers, QD
photodetectors/QD sensors, QD lighting (LED) solutions, batteries and
energy storage systems, QD transistors, and QD tags. The market for QD
lighting (LED) solutions is expected to grow at the highest rate during
the forecast period. The incorporation of quantum dots into LED designs
marks a vital step in reducing the cost of LED production and making
them inexpensive for the average consumer.
The quantum dots market, based on verticals, has been
segmented into healthcare, consumer, commercial, defense,
telecommunications, and others. The consumer vertical is expected to
continue to account for a major share of the quantum dots market in
2018. The rising adoption of products based on the latest technologies
such as quantum dots, 4K resolution, 3D, along with decreasing prices of
these advanced products, is expected to increase the quantum dots
market in the consumer vertical during the forecast period. Thus, the
use of quantum dots has grown in the last several years as this
technology is providing manufacturers a cheap and efficient way of
producing next-generation of brilliant, high-definition TV screens.
Based on regions, the quantum dots market has been
segmented into North America, Europe, APAC, and Rest of the World. The
quantum dots market in APAC is expected to grow at the highest CAGR
during the forecast period. The reason for the high growth in APAC is
the inclination of consumers to adopt technologically advanced products.
Various universities and organizations in this region are involved in
R&D of the QD technology. The University of Tokyo (Japan), the
University of Tsukuba (Japan), and Hokkaido University (Japan) published
their reports on QD. China, South Korea, and India are also playing an
increasingly significant role in the research and development of
nanotechnology.
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.
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