Light emitting diode (LED) quantum dots offer diverse applications in modern technology. They enhance color accuracy and efficiency in displays and lighting, leading to vibrant screens and energy-efficient illumination. Quantum dots are pivotal in improving the color gamut and quality of LED displays, making them valuable for televisions, monitors, and smartphones. Their tunable optical properties also find use in medical imaging and sensors. These features enable quantum dots to revolutionize lighting, imaging, and visual technology across a spectrum of industries.
According to Data Bridge Market Research, the Global Light Emitting Diode (LED) Quantum Dots Market accounted for USD 4.37 billion in 2021 and is expected to see a growth of USD 30.33 billion by 2029. The market is expected to grow with a CAGR of 27.40 % in the forecast period of 2022 to 2029.
“Increased research and development endeavors boost the market’s growth”
The growth of the LED quantum dots market is propelled by increased research and development endeavors. Ongoing studies focused on enhancing quantum dot technology's efficiency, color accuracy, and stability drive innovation. These advancements result in improved LED displays, lighting, and imaging applications. As research expands the potential of quantum dots, their integration into various industries gains momentum. The market benefits from these efforts, experiencing growth due to the heightened capabilities and expanding scope of LED quantum dot technology.
What restraints the growth of the global light emitting diode (LED) quantum dots market?
“Scarcity of rare-earth materials restraints the market’s growth”
The scarcity of rare-earth materials poses a constraint on the LED quantum dots market growth. Quantum dots often rely on these materials for their unique optical properties. However, limited global availability and geopolitical factors impact their supply chain and increase costs. This scarcity can hinder large-scale production and the adoption of quantum dot-based LED technologies. As the demand for efficient and sustainable displays and lighting rises, addressing this scarcity becomes crucial to unlocking the full potential of the LED quantum dots market.
Segmentation: Global Light Emitting Diode (LED) Quantum Dots Market
The global light emitting diode (LED) quantum dots market is segmented on the basis of type, material, product, vertical, techniques, and application.
- On the basis of type, the Light emitting diode (LED) quantum dots market is segmented into III-V-semiconductors, II-VI- semiconductors, and silicon (Si).
- On the basis of material, the market is segmented into cadmium-based, cadmium-free.
- On the basis of product, the light emitting diode (LED) quantum dots market is segmented into displays, lasers, solar cells, medical devices, photodetectors/sensors, lighting (LED) products, batteries, and energy-storage systems, transistors, and others.
- On the basis of vertical, the Light emitting diode (LED) quantum dots market is segmented into consumer, commercial, healthcare, defense, telecommunications, and others.
- On the basis of techniques, the market is segmented into colloidal synthesis, fabrication, bio-molecular self-assembly, viral assembly, electrochemical assembly, and bulk manufacturing.
- On the basis of applications, the market is segmented into optoelectronics and optical components, medicine, agriculture, healthcare, and alternative energy.
Regional Insights: Asia-Pacific is expected to grow in the Global Light Emitting Diode (LED) Quantum Dots Market
Asia-Pacific light emitting diode (LED) quantum dots market is expected to grow at the fastest rate as the quantum dots technology sector in Asia Pacific remains in development, the influential presence of key players like Samsung Electronics, Sony Corporation, and L.G. is anticipated to propel regional growth. Notably, Japan and South Korea are poised to lead the market in technology and innovation due to their advanced powers in the electronics and semiconductor domains.
Recent Developments
- In October 2019, Samsung has allocated a substantial $11 billion investment for establishing the world's inaugural specialized manufacturing facility for quantum dot displays. This advanced production unit is slated to commence operations in early 2021, boasting a monthly capacity of 30,000 substrates for quantum dot displays.
- In January 2019, Hewlett-Packard has unveiled a groundbreaking achievement – the introduction of the world's inaugural quantum dot display embedded on glass. Concurrently, the company has introduced its latest innovation, the "Pavilion 27" monitors, featuring quantum dot displays.
- In February 2019, Nanosys has achieved a significant breakthrough by utilizing inkjet technology to successfully print displays within their laboratories. This accomplishment showcases the remarkable quantum efficiency of heavy metal-free red, green, and blue Quantum Dot Electroluminescent (QDEL) systems. This marks a substantial stride in quantum dot engineering that is poised to shape the advancements of the next decade.
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The Prominent Key Players Operating in the Global Light Emitting Diode (LED) Quantum Dots Market Include:
- Zumtobel Group AG (Austria)
- Eaton (Ireland)
- Dialight. (U.K.)
- Advanced Lighting Technologies, LLC (U.S.)
- AIXTRON (Germany)
- OSRAM SYLVANIA Inc. (U.S.)
- TOYODA GOSEI Co., Ltd. (Japan)
- Digital Lumens, Inc. (U.S.)
- Emerson Electric Co. (U.S.)
- Signify Holding. (Netherlands)
- GENERAL ELECTRIC (U.S.)
- Schneider Electric (France)
- ACUITY BRANDS LIGHTING, INC. (U.S.)
- Hubbell (U.S.)
- Ushio America, Inc. (U.S.)
- Litetronics International, Inc. (U.S.)
- Cree Lighting. (U.S.)
- LG INNOTEK. (South Korea)
- Leviton Manufacturing Co., Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global light emitting diode (LED) quantum dots market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Light Emitting Diode (LED) 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.
