The Quantum Dot Display Industry Is Forecast To Surge At A CAGR Of 33% From 2022-2032

The quantum dot display market is forecast to be valued at over US$ 4 Bn in 2022, experiencing a Y-o-Y increase of 30% as compared to 2021. Future projections indicate that the market will surge over 17x to reach US$ 69.79 Bn by 2032. The quantum dot display technology is witnessing impressive penetration in the television display industry, expected to generate an absolute dollar opportunity worth US$ 7.2 Bn.

Over the historical period 2017-2021, the global quantum dot display surged at approximately 30% CAGR. Growing demand in downstream markets for energy-efficient display panels such as televisions, smartphones, tablets, personal computers and other electronics has forced OEMs and display manufacturers to build state-of-the-art displays capable of delivering maximum energy efficiency and increasing color quality.

During the height of the COVID-19 pandemic crisis, the market experienced significant turbulence. Given the imposition of strict lockdowns, manufacturing units were compelled to cease operations temporarily, affecting output of essential equipment required for quantum dot displays such as cadmium. However, prospects began rebounding once these restrictions were lifted.

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How is Demand for Enhanced Visibility Encouraging Uptake of Quantum Dot Displays?

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.

Key Segments Covered in the Quantum Dot Display Industry Report

By Material Type
• Cadmium Containing Quantum Dot Display
• Cadmium Free Quantum Dot Display

By Application Type
• Quantum Dot Displays for Television
• Quantum Dot Displays for Monitors
• Quantum Dot Displays for Notebooks
• Quantum Dot Displays for Tablets
• Quantum Dot Displays for Smartphones
• Quantum Dot Displays for Medical Devices

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Category-wise Insights

Is Cadmium-Free Quantum Dots Display Technology anticipated to expand sharply?

The introduction of quantum display devices into the display industry has the potential to create a new model that could replace LCD panels. Top-tier competitors in the quantum dot display market are developing devices that use cadmium-free quantum dot technology.
Stringent regulations governing the use of cadmium in quantum dots displays will limit their adoption and prevent manufacturers from reaping the benefits of this technology. Cadmium used in display devices has been prohibited in several regions. As a result, quantum dot display manufacturers are transitioning to cadmium-free technology.

Will Quantum Dot Display witness High Demand for the Television segment?

The quantum dot display technology is witnessing impressive penetration in the television display industry. The global demand of televisions is growing at a significant rate, with manufacturers continuously developing new components to improve the overall performance and appeal of modern televisions.
The ultra-high quality provided by quantum dot display is becoming a key technological trend in the global television industry. Additionally, a key entity in displays are colors which are a critical focus point by leading manufacturers for enhancing display and improving image quality. The segment is likely to expand 6x across the forecast period.

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Competitive Landscape

The quantum dot display market is consolidated with a few prominent manufacturers namely Samsung Electronics Co. Ltd., LG Display Co. Ltd., Sony Corporation, Sharp Corporation and CSOT (China Star Optoelectronics Technology), acquiring a share of more than 70%. Numerous approaches, such as expansion, introduction of new products, joint ventures, agreements, alliances and acquisitions, are being employed by top competitors. Some of the other developments in the market are:
• In October 2019, Samsung invested US$ 11 Billion in the world's first dedicated quantum dot display manufacturing facility. Beginning in early 2021, the new production unit is set to operate with a monthly capacity of 30,000 quantum dot display substrates.

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This release was published on openPR.