Press release
Quantum Dot Display Market Poised for Significant Growth Expected to Reach US$ 13.33 Billion by 2034, Driven by an 10.3% CAGR
Quantum Dot Display Market
Market Preface:
In the context of usage in displays, quantum dots (QDs) showcase many benefits involving elevated illumination productivity and color rendering, economy, and potential for mass production. Additionally, they are eco-friendly. Outstanding gleam and charge transport attributes of QDs brought about application in QD-based light-emitting diodes (LEDs), which have garnered significant attention in display and solid-state lighting applications.
In display technology innovation, QDs have detected considerable usage as a color-improving constituent, providing a broader color scope, elevated color preciseness, and enhanced brightness as contrasted to conventional liquid crystal display (LCD). The distinctive phot luminescent attribute of producing particular wavelengths of light upon excitation sanctions QDs to transform blue light from LEDs into clear red and green, thereby acquiring a more outstanding and accurate color pallet.
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Market Growth Drivers:
Growing Usage of Consumer Electronics: The growing integration of quantum dot technology into exclusive consumer electronics such as laptops, smartphones, and tablets is notably assisting in quantum dot display market growth. For example, as per Pew Research, approximately nine in ten Americans, which is comparable to 91%, own a smartphone. This trend is propelled by consumer demand for gadgets providing exclusive quantum dot color accuracy, radiance, and energy efficiency features enhanced by quantum dot displays.
Growing Approval of In-Vehicle Displays: The growing approval of progressive in-vehicle displays, especially luxury and electric vehicles, is notably contributing to the market growth. For instance, Hyundai Mobis has advanced a progressive vehicle display that integrates quantum dot and local dimming technologies. Consumers growingly demand superior visual interfaces for navigation, enjoyment, and vehicle information systems, driving makers to unite progressive display technologies.
Competitive Insights:
The market is portrayed by fierce competition and strategic development from major players.
Market leaders are enumerated as follows:
• InVisage Technologies (Apple)
• Nanoco Group plc
• NN-Labs (NNCrystal US Corporation)
• Ocean NanoTech
• QD Laser
• QLight Nanotech
• Quantum Materials Corporation
• SAMSUNG
• Shoei Electronic Materials, Inc.
• The Dow Chemical Company
• Toshiba
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Quantum Dot Display Market Report Highlights:
• In terms of component, the LED segment accounted for the largest market share in 2024 due to its widespread adoption of energy-efficient and high-performance display technologies.
• The consumer electronics segment accounted for the largest market share in 2024 due to increasing demand for premium visual experiences in devices such as TVs, laptops, and smartphones.
• In 2024, North America accounted for the largest quantum dot display market share due to rising investments in electronics manufacturing and growing consumer demand for advanced display technologies.
• Asia Pacific is expected to witness the highest CAGR over the forecast period due to its critical role in enhancing brightness and color accuracy in quantum dot-enabled displays.
Market Segmentation:
By Component Outlook (Revenue USD Billion 2020 - 2034)
• Tube
• Film
• LED
By Material Outlook (Revenue USD Billion 2020 - 2034)
• Cadmium Containing
• Cadmium-free
By Application Outlook (Revenue USD Billion 2020 - 2034)
• Consumer Electronics
• Healthcare
• Others
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Market Geography:
The quantum dot display market provides a diverse geographical landscape, with several areas exhibiting unique market characteristics. North America held the largest share of the market in 2024 due to the elevated acquisition of progressive display technologies in sectors such as consumer electronics and automotive.
Asia Pacific is projected to register the fastest growth due to growing production potential and surging consumer demand for superior displays.
• North America
o Component Outlook
• Tube
• Film
• LED
o Applications Outlook
• Consumer Electronics
• Healthcare
• Others
o Material Outlook
• Cadmium Containing
• Cadmium-free
• Asia Pacific
o Component Outlook
• Tube
• Film
• LED
o Applications Outlook
• Consumer Electronics
• Healthcare
• Others
o Material Outlook
• Cadmium Containing
• Cadmium-free
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