Press release
Quantum Dot Market Report 2024: Strategies And Recent Developments | Crystalplex Corporation, InVisage Technologies, LG Display Co. Ltd., Nanoco Group plc, NanoPhotonica Inc
Quantum Dot Market Size
The Business Research Company offers in-depth market insights through Quantum Dot Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The quantum dot market size has grown exponentially in recent years. It will grow from $7.78 billion in 2023 to $9.8 billion in 2024 at a compound annual growth rate (CAGR) of 26.0%. The growth in the historic period can be attributed to growth in electronics and display technology, demand for energy-efficient lighting, expansion of quantum dot-enabled tvs, adoption in biomedical imaging and diagnostics, regulatory standards for materials safety..
The quantum dot market size is expected to see exponential growth in the next few years. It will grow to $26.48 billion in 2028 at a compound annual growth rate (CAGR) of 28.2%. The growth in the forecast period can be attributed to customized quantum dot solutions for specific applications, integration of quantum dots in solar cells and leds, sustainable and environmentally friendly quantum dots, expansion in quantum computing and quantum cryptography, adoption of quantum dots in quantum sensors.. Major trends in the forecast period include quantum dot-based quantum computing, regulatory compliance in quantum dot safety, quantum dots in nanomedicine and theranostics, personalized quantum dot applications in healthcare, transparency in quantum dot sourcing and supply chain..
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Market Segmentation:
The components of the quantum dot market covered by material include cadmium selenide (CdSe); cadmium sulfide (CdS), cadmium telluride (CdTe), indium arsenide (InAs), silicon (Si) and others. These are divided into verticals that include consumer, commercial, telecommunications, healthcare, and defense. These are used in various applications that include medical devices, displays, solar cells, photodetectors sensors, lasers, led lights, batteries, energy storage systems, and transistors.
Major Driver - Demand For Smart Tvs And Mobile Phones Increases Quantum Dots Market
The growing demand for smart televisions and mobile phones is expected to propel the growth of the quantum dots market. A smart television is an internet-based TV set in which a user can perform web surfing from the browser. Tiny semiconductor particles or nanoscale crystals of a semiconducting material that have unique optical and electronic properties are mainly used in TVs and mobile phones. For instance, in February 2023, according to Hisense Group, a China-based appliance and electronics manufacturer, in 2022, shipped 24.419 million units worldwide. Furthermore, Hisense TV abroad exports climbed by 12.2% year on year in 2022. Therefore, the growing demand for smart televisions and mobile phones is driving the growth of the quantum dots market.
Competitive Landscape:
Major companies operating in the quantum dot market include Crystalplex Corporation, InVisage Technologies, LG Display Co. Ltd., Nanoco Group plc, NanoPhotonica Inc., Nanosys Inc., Navillum Nanotechnologies, Nexxus Lighting Inc., NN-Labs LLC, Ocean NanoTech., Osram Licht AG, QD Laser Inc., Quantum Materials Corp., Samsung Electronics Co. Ltd., Sony Corporation, Thermo Fisher Scientific Inc., DuPont de Nemours Inc., 3M Company, Apple Inc., Life Technologies Corporation, Merck Group, Nano Elements Source LLC, Sigma-Aldrich Co., Techinstro and Intelligent Materials Private Limited, RTX Corporation, Silicofeller
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Top Trend - Innovative Products Drive Growth In Quantum Dots Market
Major companies operating in the Quantum Dots market are developing innovative products, such as the Q-dot technology, which enables efficiency values >200 lm/W, even at high color rendering. For instance, in October 2021, Ams Osram, a German company that makes electric lights, launched a new Quantum Dot LED. The lighting giant says LED technology has been on the rise for many years, and the demand for high-quality and energy-efficient solutions for general lighting is growing.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Quantum Dot Market Characteristics
3. Quantum Dot Market Trends And Strategies
4. Quantum Dot Market - Macro Economic Scenario
5. Quantum Dot Market Size And Growth
…..
27. Quantum Dot Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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