Quantum dots are recognized as quantum dots that find extensive use in various display devices, including smartphones, PCs, tablets, and TVs. The advantages of display quantum dots, such as their high adoption in LED lighting, ability to cater to larger demands for large-sized and higher resolution displays, as well as their enhanced energy efficiency and high brightness. These factors contribute to the market's growth and adoption of display quantum dots.
According to Data Bridge Market Research, the Display Quantum Dots Market accounted for USD 4.50 billion in 2021 and is expected to reach USD 28.26 billion by 2029, registering a CAGR of 25.82% during the forecast period of 2022-2029.
“The rising popularity of display quantum dots”
The display quantum dots market is experiencing significant growth driven by the increasing global demand for quantum dots. The advanced features of quantum dots, such as enhanced energy efficiency, high brightness, and widespread adoption in LED lighting, contribute to their popularity. Additionally, the growing demands for large-sized and higher-resolution displays further propel the growth of the display quantum dots market. These factors collectively drive the market's expansion in the forecasted period.
What restraints the growth of the display quantum dots market?
“Limited availability of raw materials”
The limited availability of rare-earth materials is a significant restraint for the display quantum dots market. Quantum dot displays rely on rare-earth elements for their production, and the scarcity of these materials poses challenges in procurement and supply chain management. The limited availability increases the costs and complexity of manufacturing quantum dot displays, making them less commercially viable and potentially impacting their overall market growth and adoption.
Segmentation: Display Quantum Dots Market
The display quantum dots market is segmented on the basis of component, product, material, application and vertical.
- On the basis of component, the display quantum dots market is segmented into tube, film, led.
- On the basis of product, the display quantum dots market is segmented into smartphone, pc monitor, tablet pc, and tv.
- On the basis of material, the display quantum dots market is segmented into cadmium-containing, cadmium-free.
- On the basis of application, the display quantum dots market is segmented into optoelectronics, biological imaging, security and Video Surveillance, quantum optics, renewable energy.
- On the basis of vertical, the display quantum dots market is segmented into consumer electronics, healthcare, automotive, information technology (it), and telecommunication, others.
Regional Insights: North America Dominates the Display Quantum Dots Market
North America holds a dominant position in the display quantum dots market due to increasing demand for energy-efficient devices, well-established infrastructure, and a growing interest in cadmium-free quantum dots in the consumer electronics sector. The region's focus on sustainability and advanced technology drives the adoption of quantum dots in displays.
Asia-Pacific is projected to experience significant growth from 2022 to 2029 in the display quantum dots market. This growth is attributed to the rising demand for display quantum dot devices and the increasing need for energy-efficient solutions in the region. The expanding consumer electronics industry and the adoption of advanced display technologies contribute to Asia-Pacific's growth.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-display-quantum-dots-market
Recent Developments in Display Quantum Dots Market
- In 2019, Samsung made a significant investment of US$ 11 Billion to establish the world's first dedicated quantum dot display manufacturing facility. This facility served as a central hub for producing quantum dot displays, showcasing Samsung's commitment to advancing display technology and meeting the growing demand for high-quality displays.
- In 2019, Nanosys made a breakthrough by demonstrating their quantum efficiency heavy metal-free red, green, and blue Quantum Dot Enhanced Luminescence (QDEL) systems. They successfully printed displays using inkjet technology in their laboratories. This development showcased the potential of quantum dots in display technology and paved the way for more efficient and environmentally friendly displays.
The Prominent Key Players Operating in the Display Quantum Dots Market Include:
- Nanosys Inc. (U.S.)
- Dow (U.S.)
- SAMSUNG (South Korea)
- LG DISPLAY CO., LTD. (South Korea)
- Nanoco Group plc (U.K.)
- SHARP COPORATION (Japan)
- Quantum Materials Corporation (U.S.)
- Sony Corporation (Japan)
- 3M (U.S.)
- Ocean NanoTech (U.S.)
- QD Laser (Japan)
- MicroVision (U.S.)
- NNCrystal US Corporation (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of display quantum dots market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Display Quantum Dots Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
