Quantum Dots Market Research Report - Global Forecast till 2025

Global Quantum Dots Market Research Report: By Product (Displays, Solar Cells, Photodetectors, Lasers, LED, Transistors, and Others), By Material (Cadmium Selenide, Cadmium Sulfide, Cadmium Telluride, Zinc Sulfide, Indium, Silicon, And Others), By Vertical (Consumer, Telecommunication, Commercial, Healthcare, Defense, and Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2025

ID: MRFR/SEM/7236-HCR | February 2021 | Region: Global | 111 pages

Market Synopsis


Global Quantum Dots Market is expected to grow from USD 2,520.98 Million in 2018 to USD 8,151.07 Million by 2025, at a CAGR of 26.45%, during the forecast period.


Quantum dots are tiny crystals that have the ability to convert light from one color to another in an efficient manner. Quantum dots are being increasingly adopted for utilization in various applications due to the benefits such as low energy consumption and vibrant displays. The growing demand for quantum dots in display devices and energy efficiency offered by quantum dots are some of the major factors driving the growth of quantum dots display market. However, the slow rate of adoption of the technology and utilization of heavy metals as raw material are restraining the growth of the global quantum dots market.


The Global Quantum Dots Market has been segmented based on Product, Material, Vertical, and Region.


By Product, the market has been segmented into displays, solar cells, photodetectors, lasers, LED, transistors, and others. The display segment is expected to dominate the market during the forecast period. Quantum dots nanocrystals are a part of the light-emitting technology that consists of nano-scale crystals and are widely used in display technologies as they offer high efficiency and enhanced color quality.


By Material, the market has been segmented into cadmium selenide, cadmium sulfide, cadmium telluride, zinc sulfide, indium, silicon, and others. The cadmium selenide segment is expected to dominate the market during the forecast period. However, the zinc sulfide segment is expected to register the highest CAGR. The market is registering growing investments in the development of quantum dots material that are cadmium free. For instance, in 2019, Nanolumi—a Singapore-based advanced materials company—launched the first cadmium-free, perovskite quantum dot (PeQD) color enhancement film for quantum dot displays.


By Vertical, the market has been segmented into consumer, telecommunication, commercial, healthcare, defense, and others. The consumer vertical is expected to dominate the market during the forecast period. The growing demand for miniaturized display technologies and energy-efficient solutions boost the quantum dot display market growth. Furthermore, quantum dots are increasingly being adopted in displays as they offer benefits such as high brightness and wavelength that maximize both the efficiency and color performance.


Key Players


The Key Players Profiled in the Global Quantum Dots Market research report are Nanosys, Inc. (US), Nanoco Group PLC (UK), QD Laser, Inc. (Japan), NN-Labs, LLC (US), Ocean NanoTech (US), QD Vision (US), Quantum Material Corp. (US), Altair Nanotechnologies Inc. (US), OSRAM Licht AG (Germany), Crystalplex Corp. (US), UbiQD, Inc. (Mexico), LG Display Co., Ltd (South Korea), Navillum Nanotechnologies (US), Pacific Light Technologies (US), and Nano Elements Source, LLC (US). In 2018, UbiQD launched its first commercial quantum dot product— UbiGro greenhouse film. This retrofit luminescent film is spread over crops to redshift the sun's spectrum irrespective of the season and climate.


Global Quantum Dots Market
 Quantum Dots Market


Source: MRFR Analysis


Segmentation


The Global Quantum Dots Market has been segmented based on Product, Material, Vertical, and Region.


Based on the product, the market has been segmented into displays, solar cells, photodetectors, lasers, led, transistors, and others.


Based on material, the market has been segmented into cadmium selenide, cadmium sulfide, cadmium telluride, zinc sulfide, indium, silicon, and others.


Based on vertical, the market has been segmented into consumer, telecommunication, commercial, healthcare, defense, and others.


By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Regional Analysis


The Global Quantum Dots Market is estimated to grow at a significant rate during the forecast period from 2019 to 2025. The geographical analysis of the quantum dots market has been done for North America, Europe, Asia-Pacific, and the rest of the world. 


North America is expected to hold the largest share in the quantum dots market from 2019 to 2025. The US generates a significant demand for QLEDs due to the early adoption of quantum dots technology. Furthermore, increased awareness regarding health and fitness among the population is projected to boost the regional demand for quantum dots across medical and bio-imaging applications.


Asia-Pacific is expected to register the highest CAGR during the forecast period. The region has the presence of major electronics companies such as LG and Samsung who are continuously investing in Quantum dot technology to develop innovative products. China and Japan exhibit the highest demand for Quantum dots in the region.


Competitive Analysis


The Key Players have adopted new product development, partnerships, and collaborations growth strategies to further increase their share in the global quantum dots market. For instance, in 2017, Nanosys, Inc. partnered with Exciton Technologies Inc. to increase the adoption of quantum dot technology for displays in China. This partnership aims at developing optical quantum dot enhancement films (QDEFs) using nanotechnology for display applications.


Intended Audience



  • Technology Investors

  • Research/Consultancy Firms

  • Quantum Dot Technology Providers

  • Original equipment manufacturers (OEMs)

  • Quantum Dot Manufacturers

  • Research institutes, organizations, and consulting companies



Frequently Asked Questions (FAQ) :


The global quantum dots market was valued at USD 2.52 billion in 2018.

The global quantum dots market is expected to record a substantial market valuation of up to USD 8.1 billion by 2025.

The global quantum dots market is projected to register a moderate 26.45% CAGR in the forecast period.

Solar cell segment is slated to expand as the fastest-growing segment.

A few major market players operating in the global quantum dots market are LG Display Co., Ltd (South Korea), Navillum Nanotechnologies (US), Pacific Light Technologies (US), and Nano Elements Source, LLC (US), among others.