Quantum Dots Market Analysis by Global Size, Share, Industry Trends, Business Strategies, Revenue, Applications and Forecast 2020 To 2023

Market Overview

According to Market Research Future, the Global Quantum Dots Market has been segmented on the basis of Product, Material, Vertical, and Region.

Quantum Dots technology is witnessing high adoption across various industries such as consumer electronics, medical, defense, and automotive. Growing adoption of quantum dots in optoelectronics devices, increasing demand for quantum dots in display devices, adoption of quantum dots in solar cells, and growing demand for energy efficient devices are the key factors driving the quantum dots market. However, the high cost and use of toxic and heavy metals in quantum dots limit the market growth.

Based on product, the market has been categorized as displays, solar cells, photodetectors, lasers, LED, transistors, and others. The quantum dots display segment dominated the market in 2018. Quantum dots display are widely used in smartphones, personal digital assistant (PDA) devices, tablets, and flat panel television screens owing to the benefits these offer such as higher efficiency and enhanced color quality.

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Based on material, the market has been categorized as cadmium selenide, cadmium sulfide, cadmium telluride, zinc sulfide, indium, silicon, and others. The cadmium selenide segment is expected to dominate the market during the review period. Cadmium-based quantum dot display yield high performance and efficiency owing to the chemical used in making the product. However, the toxicity of cadmium and related environmental regulations such as the restriction of hazardous substances directive and the toxic substances control act limit its adoption in consumer electronic devices. However, cadmium-free quantum dots are expected to register a significant CAGR during the forecast period. In 2019, Nanolumi--a Singapore-based advanced materials company--launched the first cadmium-free, perovskite quantum dot (PeQD) color enhancement film for quantum dot displays.

Based on vertical, the market has been segmented into consumer, telecommunication, commercial, healthcare, defense, and others. The consumer segment is expected to dominate the quantum dots market during the forecast period owing to the growing adoption of the technology in Augmented and Virtual Reality devices. Furthermore, the growing demand for miniaturized display technologies and energy-efficient solutions boosts the quantum dot display market growth.

Key Players

The Prominent Players in the Global Quantum Dots Industry Nanosys, Inc. (US), Nanoco Group plc (UK), QD Laser, Inc. (Japan), NN-Labs, LLC (US), Ocean NanoTech (US), QD Vision (US), Quantum Material Corp. (US), Altair Nanotechnologies Inc. (US), OSRAM Licht AG (Germany), Crystalplex Corp. (US), UbiQD, Inc. (Mexico), LG Display Co., Ltd (South Korea), Navillum Nanotechnologies (US), Pacific Light Technologies (US), and Nano Elements Source, LLC (US).

Segmentation

The Global Quantum Dots Market has been segmented based on Product, Material, Vertical, and Region.

Based on the product, the market has been segmented into displays, solar cells, photodetectors, lasers, led, transistors, and others.

Based on material, the market has been segmented into cadmium selenide, cadmium sulfide, cadmium telluride, zinc sulfide, indium, silicon, and others.

Based on vertical, the market has been segmented into consumer, telecommunication, commercial, healthcare, defense, and others.

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

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Regional Analysis

The Global Quantum Dots Market has been segmented by region, into North America, Europe, Asia-Pacific, and the rest of the world.

North America, followed by Europe, is expected to be the largest market in the forecast period owing to the high concentration of market players and the easy availability of proficient technical expertise. Also, the rise in government regulation to limit the use of hazardous substances such as Cadmium drive the R&D spending by the players for the development of cadmium-free products. However, the market in Asia-Pacific is expected to register a significant CAGR during the forecast period owing to the growing demand for miniaturized electronic and optoelectronic devices.

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