Quantum Dots Market Dynamics, Growth Drivers, Market Constraints and Challenges 2024

According to Precision Business Insights (PBI), latest report, the quantum dots market was valued at USD 4,527.8 million in 2023 and is expected to grow at a CAGR of 11.3% from 2024-2030. The primary factors that drive the market are the demand for quantum dots in high-quality display systems. A common practical application of quantum dot's is the quantum dot enhancement film (QDEF) layer, which is used to improve the LED backlighting in LCD televisions. Using quantum dots, one may eliminate all in-between hues and obtain pure colours, resulting in a significantly larger colour spectrum. Additionally, the LCD TV's energy efficiency can be improved.

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THE QUANTUM DOTS MARKET DETAILED SEGMENTATION:
Based On the Material, The Market is Segmented into the Following:
• Cadmium Selenide (CdSe)
• Cadmium Sulfide (CdS)
• Cadmium Telluride (CdTe)
• Indium Arsenide (InAs)
• Silicon (Si)
• Others

Based On Technology, The Market is Segmented into the Following:
• Colloidal Synthesis
• Fabrication
• Viral Assembly
• Electrochemical assembly
• Bulk-manufacturing.
• Cadmium-free quantum dots (CFQD)

Based On Application, The Market is Segmented into the Following:
• Healthcare application in biological imaging
• Quantum Optics
• QD based security and surveillance.
• Renewable Energy
• Optoelectronics

Based On End User, The Market is Segmented into the Following:
• Medical devices
• QD Display devices.
• QD Laser Devices
• QD Photovoltaic Devices
• Quantum Dot Chip
• QD Sensors
• QD Light-emitting Devices (Solid State Lighting)

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The market for Quantum Dots is anticipated to be dominated by Technology.
Based on technology, the Biological Imaging segment is expected to maintain its dominance. The biological imaging business is the most mature in terms of revenue, and it is likely to contribute to the expansion of the Quantum Dots market. Semiconductor nanocrystals (QDs) display innovative optical and electrical properties such as size-tunable light emission, simultaneous stimulation of many fluorescence colours, high signal brightness, long-term photostability, and multiplex capabilities. Because of their photobleaching, low signal intensity, and spectrum overlapping, such quantum dot's outperform typical fluorescent organic dyes and green fluorescent proteins in chemical and biological studies. These properties of quantum dots have attracted a lot of attention in biology and medicine in recent years.

Based On Geography, The Market is Segmented into the Following:
• North America
• Europe
• Asia-Pacific
• Middle East and Asia
• Latin America

Europe region is predicted to grow faster than any other region in the coming years. The spike in the number of technical advances that has occurred in the information technology industry over the last two decades has largely characterised market expansion. Several industrial and residential applications have seen an increase in the combined usage of Internet of Things (IoT) and Artificial Intelligence (AI) technologies, which is expected to fuel the region quantum dot market growth. The region quantum dot market is also expected to expand due to a surge in business model transformation, fuelled primarily by an increase in the adoption of advanced telecommunication services such as 5G.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global 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.

On 28th April 2022, Nanosys, Inc. and Nanjing Bready Advanced Materials Technology Co., today Ltd. announced the mass production of the world's first line of completely air-stable, barrier-free, laminated quantum dot film components, Laminate, which delivers no-compromise quantum dot colour and brightness for displays in a new, lower-cost package, thereby expanding the market for quantum dot displays.

Key players in the quantum dots market are Apple Inc, Nanoco Group PLC, Samsung Group (QD Vision), Merck Group, NN-LabsOcean, Ocean NanoTech, LLC, OSRAM Opto Semiconductors GmbH, Nanosys, Quantum Solutions, and QD Laser.

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This release was published on openPR.