The global quantum dots market is garnering considerable traction. Market growth is attributed to the increasing adoption of quantum dots technology due to its benefits, such as vibrant displays with low-energy consumption and utilization in various applications. Moreover, the growing demand for quantum dots in display devices and energy efficiency offered by quantum dots drive the growth of the quantum dots display market. Also, increasing R&D investments escalate market growth.
According to Market Research Future (MRFR), the global quantum dots market is expected to create a valuation of USD 8,151.07 MN by 2025, growing at a whopping CAGR of 26.45% throughout the forecast period (2019–2025). In its recent COVID19 analysis on the quantum dots market MRFR also confirms that in 2018, the market valuation had reached USD 2,520.98 MN. Increasing implementation of quantum displays in computers and machine learning devices substantiates the market growth.
Global Quantum Dots Market- Competitive Analysis
Highly competitive, the quantum dots market appears to be fragmented due to the presence of numerous well-established players. Comprehensive strategies traced from the study of recent developments of the players include product launch, agreement & partnership, acquisition, and expansion. The research indicates significant investments by multinational companies and emerging startups. The market demonstrates a high growth prospect, which attracts several new entrants to the market that would further intensify the market competition.
Players leading the quantum dots market include Nanoco Group PLC (UK), Nanosys, Inc. (US), QD Laser, Inc. (Japan), Ocean NanoTech (US), NN-Labs, LLC (US), QD Vision (US), Altair Nanotechnologies Inc. (US), Quantum Material Corp. (US), OSRAM Licht AG (Germany), UbiQD, Inc. (Mexico), Crystalplex Corp. (US), LG Display Co., Ltd (South Korea), Pacific Light Technologies (US), Navillum Nanotechnologies (US), and Nano Elements Source, LLC (US), among others.
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Global Quantum Dots Market – Segments
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 Regions : Asia Pacific, Americas, Europe, and the Rest-of-the-World.
Global Quantum Dots Market- Regional Analysis
North America dominates the global quantum dots market. The largest market growth attributes to the increased awareness regarding health and fitness among the population. Furthermore, significant demand for QLEDs due to the early adoption of quantum dots technology boosts the regional market demand. The US, among other North American countries, currently holds the highest market share in the regional quantum dots market.
The Asia Pacific quantum dots market is a promising market expected to show positive growth over the review period. Factors such as the presence of major electronics companies such as LG and Samsung positively impact market growth, attracting more investments in the development of quantum dot technology and innovative products.
TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- Quantum dots Market, By Segments
- Competitive Analysis
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