Quantum Dots Market Rising in Entertainment Sector, and Increasing Demand for Color Clarity

According to Precision Business Insights' (PBI), latest report, the quantum dots market size was valued at USD 4.15 billion in 2022 and is expected to grow at a 10.3% CAGR from 2023 to 2029. The primary factors that drive the market are the increase in high resolutions displays, rising in the entertainment sector, and the increasing demand for color clarity.

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Cadmium-free Material to Dominate the Quantum Dots Market:
Based on material type, cadmium material holds the highest market share. The major factor for the rise of this segment due to expensive cadmium-based material, increase in the cost of cadmium materials such as cadmium selenide (CdSe), cadmium telluride (CdTe), indium phosphide (InP), or zinc selenide (ZnSe) are rare metal to obtain, the cost factor eradicates manufacturers to gain more profit. Whereas cadmium-free material is Caesium lead halide (CsPbX3) perovskite used QLED which is predicted to dominate the market and help manufacturers to produce cost-beneficial products. These factors can drive the Quantum dots market growth.

Detailed Segmentation:
Based on the material, the market is segmented into the following:
• Cadmium-Based
• Cadmium-Free

Based on the product, the market is segmented into the following:
• QD Display
• QD Solar Cells
• QD sensors
• QD Medical Devices

Based on the application, the market is segmented into the following:
• Healthcare
• Agriculture
• Medicine
• Optoelectronics
• others

Based on the end user, the market is segmented into the following:
• Medical Devices
• Automotive
• Consumer Electronics
• Information technology
• Telecommunication

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Asia Pacific Quantum Dots Market:
Asia Pacific region is expected to grow significantly in the global Quantum dots size over the forecast period. The Quantum dots market in the Asia Pacific held a significant revenue share in 2022, and, in the following years, it is predicted to increase rapidly. It is attributed to the increasing number of quantum dot displays in the market and the rapidly growing technological infrastructure. Japan dominates the Asia pacific market with the highest market share due to major key players in the region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The Quantum dots market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In January 2022, Samsung has presented its latest products, MICRO LED, Neo QLED and Lifestyle TV at Consumer Expo, Samsung, cutting edge display provides 8K display best display.

The global Quantum dotses market report are Samsung Electronics, Nanosys, Nanoco group, NN crystal US corporation, QD Laser, Merck Groups, Ocean Nanotech

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This release was published on openPR.