Global Quantum Dots (QD) market accrued earnings worth 865 (USD Million) in 2019 and is set to record a CAGR of about 62.4% over the period from 2020 to 2026.
global quantum dots (QD) market was capitalized at USD 865 million in 2019 and is forecast to expand at a CAGR of 62.4% during 2020–2026. The cadmium-based quantum dots are in demand, which has the advantage of large UV excitation, intense photoluminescence, narrow emission, and higher photostability. Therefore, cadmium-based quantum dots are used in electroluminescence & photovoltaic devices, bio-imaging, catalytic hydrogen production, and sensors, etc.— According to Zion Market Research, the
Some of the key players in the market are Nanoco Group plc, Nanosys, Inc., NN-Labs, LLC, QD Laser, Inc., QD Vision, Ocean NanoTech., Altair Nanotechnologies Inc., Quantum Material Corp., OSRAM Licht AG, InVisage, Nano Elements Source, LLC, Crystalplex Corp., UbiQD, NanoPhotonica Inc., Navillum Nanotechnologies, LG Display, Pacific Light Technologies, The Dow Chemical Company, Fraunhofer-Gesellschaft, Quantum Solutions, American Elements, Avantama, and Strem Chemicals Inc.
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Increasing Demand For Optimized Devices For Various Applications To Boost The Global Quantum Dots (QD) Market
The rising demand for optimized devices having better resolution quality and performance is a key driving aspect to adopt this technology in different application areas. The brightness of quantum dots is almost 10–20 times greater compared to organic dyes. As the material of semiconductor shrink to the quantum-dot level, it aids in changing the light wavelength material and conceal the material from insulator to conductor. Therefore, the demand for the quantum dots market has surged in the last 5–6 years. The quantum dots are semiconductors that can be utilized for various devices rather than searching for a new semiconductor having special chemical composition.
The global quantum dots (QD) market is bifurcated on the basis of type, application, and regional analysis. Based on the type, the market is divided into II-VI-semiconductors, III-V-semiconductors, and Silicon (Si). Based on the application, the market is divided into medicine, optoelectronics & optical components, alternative energy, agriculture, and other applications.
Asia-Pacific Region Projected To Witness A Major Share In The Global Quantum Dots (QD) Market
Based on the geographical analysis, the global quantum dots (QD) market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The quantum dots market in Asia-Pacific region is anticipated to witness the highest development rate in the forecasted period. The augmentation of the market across the Asia-Pacific region can be accredited to the inclination of customers toward the implementation of technologically developed products, and the association of various organizations and universities in the research & development of the quantum dots technology, exclusively in the display market. The rising demand from solar energy & optoelectronics applications is also the major growth aspect for the market across this region. The unique optical characteristics, like high quantum yield, narrow emission band, emission tenability, and optical stability, are making quantum dots the ideal material for the lighting solutions.
The global quantum dots (QD) market is segmented as follows:
Optoelectronics & Optical Components
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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