As per the latest report by IMARC Group, titled “Quantum Dots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global quantum dots market size reached US$ 3.2 Billion in 2019. Also known as fluorescent semiconductor nanocrystals, quantum dots (QDs) are human-made nanoscale crystals that emit light in only one color based on their shape and size. As compared to organic luminescent materials, QD-based materials have purer colors, longer life, and lower manufacturing costs. Consequently, they are extensively used in the production of fluorescence and FRET-based biosensors for ultrasensitive detection of biomolecules, such as acids, sugars, enzymes, antibodies and antigens. In line with this, they find biosensing applications on account of narrow emission band that permits multiplexes detections of DNA strands or antibodies or toxins in pathogen detections or gene parts in DNA fingerprinting.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
Global Quantum Dots Market Trends:
There is currently a rise in the demand for optimized devices that offer better performance and resolution quality. As the brightness of quantum dots is generally 10 to 20 times higher than organic dyes, their sales are escalating around the world. Apart from this, QDs have recently gained traction, owing to their integration with different nanomaterials, such as metal oxides, carbon allotropes, noble metal nanoparticles, metal-organic frameworks (MOFs) and upconversion nanoparticles (UCNPs). This has offered new opportunities and possibilities in the fields of nanoscience and nanotechnology. Furthermore, quantum dot solar cells (QDSC) are widely used to convert the sun’s energy into electricity. This assists in increasing the amount of electricity that is produced by solar cells and providing solar energy in a cost-effective manner while minimizing the amount of wasteful heat generated in the process. Looking forward, the market value is projected to reach US$ 10.5 Billion by 2025, expanding at a CAGR of around 22% during the forecast period (2020-2025).
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Key Market Segmentation:
The competitive landscape of the market has been examined, with some of the key players being Altair Nanotechnologies Inc., InVisage Technologies, Inc., LG Display Co., Ltd., Nanosys Inc., Nanoco Technologies Ltd., Nanophotonica, Inc., Navillum Nanotechnologies, Inc., Ocean NanoTech, LLC, Osram Licht AG, QD Laser Inc., Quantum Materials Corp (QMC), Samsung Electronics Co., Ltd., Sony Corporation and Thermo Fisher Scientific Inc.
Breakup by Processing Techniques:
Based on the processing technique, the market has been segmented into colloidal synthesis, fabrication (lithography, electron beam lithography, soft lithography, stencil lithography and nanolithography), bio-molecular self-assembly, viral assembly, electrochemical assembly, and others.
Breakup by Application:
On the basis of the application, the market has been segregated into medical devices, displays, solar cells, photodetectors sensors, lasers, light-emitting diode (LED) lights, batteries and energy storage systems, transistors, and others.
Breakup by Material:
The market has been bifurcated on the basis of the material into cadmium-based (cadmium-selenide, -sulfide and -telluride), and cadmium-free quantum dots (indium arsenide, silicon, graphene and lead sulfide).
Breakup by End-Use Industry:
Based on the end use industry, the market has been classified into healthcare, optoelectronics, LED lighting, solar modules and others.
Breakup by Region:
Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Indonesia, Philippines, South Korea, North Korea, Malaysia, Vietnam and others), Europe (France, Italy, Russia and others), Middle East and Africa (Saudi Arabia, the United Arab Emirates, South Africa and others), and Latin America (Brazil, Mexico, Argentina, Chile, Peru and others).
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