ID: MRFR/SEM/2097-CR | August, 2017 | Region : Global
Global Quantum Dot Display Market valuation is expected to reach approx. USD 309 Billion by 2023, growing at a 25% CAGR between 2017 and 2023.
Quantum dot displays garner immense popularity and demand due to their energy efficiency and high-quality imaging qualities. Given the present market scenario, it is estimated that the quantum dot display market size is likely to increase further during the review period, witnessing various innovative product launches.
The COVID-19 outbreak severely affected the quantum dot display industry, causing huge revenue losses and closing down several manufacturing facilities worldwide. On the one hand, the coronavirus-driven lockdown put a brake on the production of several key components and materials in the global market.
This further led to QD display manufacturers facing problems ranging from obtaining raw materials to attracting workers from quarantine, witnessing restricted cross-border trade between countries. On the other hand, the lockdown restrictions and work from home mandates increased the sales of various consumer electronics devices, such as laptops, computers, and TVs. Resultantly, the quantum dot display market is again gearing up gradually and witnessing various product launches.
Quantum Dot Display Market Overview Appears Promising
The global quantum dot display market is garnering considerable traction. Major factors influencing the market growth include the increasing adoption of quantum dot technology due to its benefits, such as vibrant displays with low-energy consumption and utilization in various applications. Moreover, the growing demand for quantum dot displays in smartphones, computer monitors, tablets, and TV drives the market growth.
Increasing Adoption of QD Displays to Offer Significant Opportunities
The increasing adoption of energy-efficient solutions and growing demand for enhanced display technologies from consumers is projected to offer significant market opportunities. Besides, increasing awareness about the benefits of low energy consumption is estimated to drive the market demand, increasingly. Increasing R&D investments and the adoption of quantum dot displays in telecommunication, commercial, healthcare, and defense sectors would escalate the market growth.
Lack of Technical Complexities to Restrict Market Growth
Despite lucrative growth opportunities, the quantum dot display industry faces some underlying challenges, such as technological complexities, which act as significant headwinds for the quantum dot display market. Also, high installation costs and compatibility issues are significant challenges slowing down the quantum dot display market share.
High initial investments required for technology upgrades and changing consumer preferences & manufacturing techniques are major factors posing challenges to market growth. Additionally, the slow adoption rate of the technology and utilization of heavy metals as raw material are is a key factor challenging the manufacturers operating in the QD display market.
Quantum Dot Display Market is segmented into Material, Product, Application, and Regions.
Cadmium Free Material is the Largest Segment
The material segment is sub-segmented into cadmium based and cadmium free. The cadmium-free material segment holds the largest market size witnessing vast uptake due to its efficiency.
Consumer Electronics is the Largest Application Segment
The application segment is sub-segmented into consumer electronics, healthcare, automotive, IT & telecommunication, and others. Among these, the consumer electronics segment generates the highest revenue due to the increasing investments from major players like Samsung and LG in various electronics. The consumer electronics segment is expected to retain its dominance in the quantum dot displays market.
Product Segment to Witness Significant Rise
The product segment is bifurcated into smartphones, computer monitors, tablets PC, TV. The growth of the product segment is driven by the immense popularity of quantum dot LED display, quantum dot LCD display, quantum dots for displays, Quantum Dot monitor, Quantum dot OLED, and Dot display in mobile, owing to their efficiency and energy efficiency.
North America is the Largest Regional Segment
By region, the market is bifurcated into the Americas (US, Canada, Mexico, Rest-of-North America) and South America, Europe (the UK, Germany, France, Italy, and Rest-of-Europe), Asia Pacific (China, Japan, India, South Korea, and Rest-of-the-APAC), and Rest-of-the-World. Among these, North America accounts for the largest market share, followed by Europe and the APAC region, respectively.
North America to Maintain its Leading Position
North America is the leader in the global quantum dot display market and would maintain its leading position throughout the assessment period. Factors such as the significant demand for QLED displays and the early adoption of quantum dot technology boost the market growth.
The US market holds the highest market share in the region due to the vast popularity of the QLED displays. Besides, the large presence of technology providers and the growing investments to research and develop the technology influence the quantum dot (QD) display market in the region.
Europe Holds Second-Highest Share in Global Market
Europe accounts for the second-highest share in the global market. The European quantum dot display market is driven by the presence of various notable players and large deployments of quantum dot display quantum dot led display and quantum dot LCD display in smartphones, PC monitors, tablets, and TV. Additionally, the high adoption of quantum dots for displays, quantum dot monitor, quantum dot OLED, and dot display in mobile foster the growth of the regional market.
APAC - A Promising Market for Quantum Dot Display Technology
APAC is rapidly emerging as a promising market expected to exhibit a sharp rise throughout the forecast period. Factors such as the vast presence of quantum dot display technology providers and QD display TV manufacturers in the region impact the market growth positively.
Furthermore, vast R&D investments for innovative product developments and the wide adoption of quantum computers in the telecommunication sector propel the QD display market. Japan, India, China, and South Korea are the leading markets for quantum dot display technology.
Players Focus on Product Development & Expansion
The quantum dot display market appears extremely fragmented, considering the presence of established manufacturers. Eminent players seek opportunities to integrate across the extensive value chain while focusing on expanding production capacities, R&D investments, and M&A activities to gain additional impetus. They deliver reliable, leading-edge solutions and services, substantially investing in developing adept technologies and products.
List of Key Companies
LG Display Co., Ltd. (South Korea), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Sharp Corporation (Japan), 3M Company (U.S.), Microvision, Inc. (U.S.), Evident Technologies, Inc. (U.S.), Altair Nanotechnologies, Inc. (U.S.), Quantum Materials Corporation (U.S.), Nanosys, Inc. (U.S.), and QD Vision, Inc. (U.S.) are some of the affluent contenders holding sizeable quantum dot display market share.
LG Electronics, Inc. is a South Korean manufacturer of display devices, multimedia goods, electronic parts, home appliances, and develops software. LG is focused on developing new innovations across the globe providing electronic products that help customers live better. LG operates through the business area, including home entertainment & appliance, mobile communications, air-conditioning, energy solution, and independent business areas.
Jan. 18, 2021 – The world's two largest TV makers - Samsung Electronics and LG Electronics, are set to intensify their battle in the TV market this year. They unveiled new TVs using mini light-emitting diode (LED) technology ahead of the Consumer Electronics Show (CES) 2021. LG introduced its Mini LED TV, combining its quantum dot and NanoCell technologies, on Dec. 29.
Jan. 15, 2021 – TCL Electronics Holdings Limited launched its TCL 4K Mini-LED TV C825 and its next-generation OD Zero™ Mini-LED display technology at the CES 2021. Featuring quantum dot display technology, C825 combines a higher gamut and more precise light control to achieve the ultimate picture quality effect.
Jan. 15, 2021 – The Samsung Group, a South Korean multinational conglomerate, unveiled its other OLED competitor, the quantum dot/OLED hybrid - QD-OLED. The light and color boosting properties of quantum dots with the perfect blacks and pixel perfect contrast of OLED.
Nov. 13, 2020 – BOE technology, a Chinese display maker, launched 55-inch 4K active-matrix Quantum Dot light-emitting diode (AMOLED) display. The unveiling of an LCD technology is another major progress in the field of BOE electroluminescent quantum dots.
Quantum Dot Display Market analysis feature unique and relevant factors anticipated to significantly impact the market growth during the assessment period. The detailed quantum dot display market forecast report would help industry players to understand the market better. The report defines the historical and current quantum dot display market trends boosting the growth of the market.
Additionally, the COVID-19 impact on the quantum dot display industry is also included in the report. Regional assessment in this report and unlocks several untapped opportunities in regional and international markets. Detailed company profiling enables users to evaluate company shares, emerging product lines, pricing strategies, innovation possibilities, the scope in new markets, and much more.
1 MARKET INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH NETWORK TYPE
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
5 MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 SUPPLY CHAIN ANALYSIS
6 GLOBAL QLED MARKET, BY SEGMENTS
6.2 MARKET STATISTICS
6.2.1 BY COMPONENT
6.2.2 BY TYPE
6.2.3 BY APPLICATION
6.2.4 BY GEOGRAPHY
126.96.36.199 NORTH AMERICA
188.8.131.52 REST OF THE WORLD
7 COMPETITIVE ANALYSIS
7.1 MARKET SHARE ANALYSIS
7.2 COMPANY PROFILES
7.2.1 SONY CORPORATION (JAPAN)
7.2.2 ALTAIRNANO (U.S.)
7.2.3 EVIDENT TECHNOLOGIES INC (U.S.)
7.2.4 LG DISPLAY (SOUTH KOREA)
7.2.5 SAMSUNG ELECTRONICS CO. LTD (SOUTH KOREA)
7.2.6 MICROVISION INC (U.S.)
7.2.7 QUANTUM MATERIALS CORPORATION (U.S)
8 List of Tables
TABLE 1 QLED MARKET, BY COMPONENT
TABLE 2 QLED MARKET, BY TYPE
TABLE 3 QLED MARKET, BY APPLICATION
TABLE 4 QLED MARKET, BY GEOGRAPHY
TABLE 5 NORTH AMERICA QLED MARKET, BY COMPONENT
TABLE 6 NORTH AMERICA QLED MARKET, BY TYPE
TABLE 7 NORTH AMERICA QLED MARKET, BY APPLICATION
TABLE 8 U.S QLED MARKET, BY COMPONENT
TABLE 9 U.S. QLED MARKET, BY TYPE
TABLE 10 U.S QLED MARKET, BY APPLICATION
TABLE 11 CANADA QLED MARKET, BY COMPONENT
TABLE 12 CANADA QLED MARKET, BY TYPE
TABLE 13 CANADA QLED MARKET, BY APPLICATION
TABLE 14 EUROPE QLED MARKET, BY COMPONENT
TABLE 15 EUROPE QLED MARKET, BY TYPE
TABLE 16 EUROPE QLED MARKET, BY APPLICATION
TABLE 17 GERMANY QLED MARKET, BY COMPONENT
TABLE 18 GERMANY QLED MARKET, BY TYPE
TABLE 19 GERMANY QLED MARKET, BY APPLICATION
TABLE 20 FRANCE QLED MARKET, BY COMPONENT
TABLE 21 FRANCE QLED MARKET, BY TYPE
TABLE 22 FRANCE QLED MARKET, BY APPLICATION
TABLE 23 U.K. QLED MARKET, BY COMPONENT
TABLE 24 U.K. QLED MARKET, BY TYPE
TABLE 25 U.K. QLED MARKET, BY APPLICATION
TABLE 26 REST OF EUROPE QLED MARKET, BY COMPONENT
TABLE 27 REST OF EUROPE QLED MARKET, BY TYPE
TABLE 28 REST OF EUROPE QLED MARKET, BY APPLICATION
TABLE 29 ASIA-PACIFIC QLED MARKET, BY COMPONENT
TABLE 30 ASIA-PACIFIC QLED MARKET, BY TYPE
TABLE 31 ASIA-PACIFIC QLED MARKET, BY APPLICATION
TABLE 32 REST OF THE WORLD QLED MARKET, BY COMPONENT
TABLE 33 REST OF THE WORLD QLED MARKET, BY TYPE
TABLE 34 REST OF THE WORLD QLED MARKET, BY APPLICATION
9 List of Figures
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 QLED MARKET, BY COMPONENT (%)
FIGURE 3 QLED MARKET, BY TYPE (%)
FIGURE 4 QLED MARKET, BY APPLICATION (%)
FIGURE 5 QLED MARKET, BY REGIONS (%)
FIGURE 6 NORTH AMERICA QLED MARKET, BY COMPONENT (%)
FIGURE 7 NORTH AMERICA QLED MARKET, BY TYPE (%)
FIGURE 8 NORTH AMERICA QLED MARKET, BY APPLICATION (%)
FIGURE 9 EUROPE QLED MARKET, BY COMPONENT (%)
FIGURE 10 EUROPE QLED MARKET, BY TYPE (%)
FIGURE 11 EUROPE QLED MARKET, BY APPLICATION (%)
FIGURE 12 ASIA-PACIFIC QLED MARKET, BY COMPONENT (%)
FIGURE 13 ASIA-PACIFIC QLED MARKET, BY TYPE (%)
FIGURE 14 ASIA-PACIFIC QLED MARKET, BY APPLICATION (%)
FIGURE 15 REST OF THE WORLD QLED MARKET, BY COMPONENT (%)
FIGURE 16 REST OF THE WORLD QLED MARKET, BY TYPE (%)
FIGURE 17 REST OF THE WORLD QLED MARKET, BY APPLICATION (%)