cft

Quantum Dot Market Size, Business Statistics and Research Methodology by Demand, Share, Business Growth, Top Key Players Update, Forecast to 2026

The Quantum Dots Market Size is projected to increase from USD 4.0 billion in 2021 to USD 8.6 billion in 2026, with a CAGR of 16.2%.


user

Avinash Gogawale

7 days ago | 4 min read

The Quantum Dot Market Size is expected to reach USD 8.6 billion by 2026 from USD 4.0 billion in 2021, at a CAGR of 16.2% during the forecast period.

The increasing adoption of quantum dots in display devices, the advantages of quantum dots over conventional displays and the diverse applications of quantum dots are some of the prominent factors driving the growth of the quantum dot market globally.

Growing demand for use of quantum dots in display devices

Modern displays not only offer higher brightness and contrast ratios but are also available in higher resolutions and consume less power than conventional displays. Display manufacturers are developing displays with improved specifications to strengthen their position in the market. Quantum dots are being extensively used in display devices as quantum dot displays offer high color resolution, better color purity, a highly immersive high-dynamic-range (HDR) experience, and higher energy efficiency compared to conventional displays. Quantum dots’ narrow emission spectra and wide excitation profiles enable them to change light into any color in the visible spectrum with greater efficiency. Due to several enhanced properties, quantum dots are being extensively used by display manufacturers.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=694

Increasing demand for large and high-resolution displays

In recent years, there has been a significant rise in the demand for large-size and high-resolution displays owing to the enhanced visual experience and the decreasing prices of LCDs. Big-screen displays have become more affordable due to the reduced LCD prices. Owing to the growing focus of display manufacturers on the production of 4K and 8k displays, there has been an increasing demand for quantum dots due to their ability to enhance the display. The adoption of quantum dots in displays provides advantages such as higher image frame rates, greater bit depth, and a wider color gamut.

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.

Market for lighting product to grow at the highest CAGR from 2020 to 2025.

The introduction of quantum dot into lighting design marks vital steps forward in reducing the cost of LED production and making them more affordable. Compared to rare-earth phosphors, quantum dot achieve a better level of optimization. Quantum dot help to minimize the compromises needed to achieve a higher quality of lighting while maintaining an adequate level of efficiency. Being cost-effective, high brightness, and more efficient, as well as more stable devices made of environmentally sustainable materials, are the most important factors that led to the development of the quantum dot lighting products. Quantum dot technology is a novel innovation to modernize the lighting industry. As a result, the lighting product is expected to grow at a higher CAGR during the forecast period.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/quantum-dots-qd-market-694.html

Cadmium-Free material to dominate the quantum dot market during the forecast period.

Cadmium-free quantum dot offer a safer and more sustainable option for manufacturers and consumers, giving them the color benefit associated with the technology without the risks associated with toxicity or potential regulatory limitations. Cadmium-free quantum dot also open up potential not just for displays, but for many more applications that include lighting solutions, solar cells, and biomedicine. Moreover, a majority of quantum dot manufacturers are switching from toxic cadmium-based quantum dot devices to cadmium-free quantum dot devices

APAC quantum dot market to grow at highest CAGR 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.

Key players in the quantum dot industry include Samsung Electronics (South Korea), Nanosys (US), Nanoco Group (UK), NN-Labs (US), Ocean NanoTech (US), Quantum Materials (US), OSRAM Licht (Germany), Avantama (Switzerland), Navillum Nanotechnologies (US), Crystalplex Corporation (US), RANOVUS (Canada), Innolume (Germany), QUANTUM SOLUTIONS (Saudi Arabia), NanoPhotonica (US), UbiQD (Mexico), Fraunhofer IAP (Germany), TCL (China), VIZIO (US), Hisense (US), and QD Lasers (Japan).

News Covered:

https://www.prnewswire.com/news-releases/quantum-dot-market-worth-8-6-billion-by-2026--exclusive-report-by-marketsandmarkets-301388804.html 

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook. 

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com

Upvote


user
Created by

Avinash Gogawale


people
Post

Upvote

Downvote

Comment

Bookmark

Share


Related Articles