Quantum dot technology has contributed significantly to the evolution of display technology. The quantum dot technology has already outperformed several other display technologies and has the potential to replace LCD and OLED technology in the foreseeable future. Over the last few years, quantum dot technology has gained momentum and has attracted hefty investments from some of the major players operating in the technology sector.
Nearly a decade after the first quantum dot display featured in the display market, the technology is now set on a growth trajectory that appears to overwhelm its proponents. The increasing demand for enhanced display technologies and increasing awareness about cadmium free material has prompted major companies such as Samsung and LG to adopt quantum dot technology. According to a report published by Market Research Future (MRFR), the global Quantum Dot Display Market is expected to expand at 25% of CAGR between 2017 and 2023 to raech USD 3.9 Billion by 2023.
Quantum dot display technology does not hinder the manufacturing process as it does not require much adjustments to the prior infrastructure, therefore the supply chain and corresponding costs remain unaffected. It is also more cost-effective as compared to OLED. The quantum dot display technology has many advantages but one prominent criticism of the technology is the environmental implications that it carries. Toxicity is a major issue of quantum dots. Studies suggest that quantum dots accumulate in the liver, kidneys and spleen and also it is not known if quantum dots can be removed from the body. This has garnered it criticism of various regulatory authorities and raised concerns about the use of quantum dot display technology. Regulatory agencies around the world have imposed limitation on the use of cadmium-based QDs.
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Phillips, using quantum dot display technology has launched the world’s first monitor with the HDR 1000 certification. With the help of quantum dot display technology, it would be able to deliver 1,000 nits of peak luminance and 97.6% DCI-P3.
Vizio is all set to launch one of the best, and brightest, Quantum Dot TVs of 2018, which will deliver an incredible 2,000 nits of peak luminance, which will make visual effects such as fire, explosion and others lifelike.
By material, the global market for quantum dot display is segmented into cadmium based, cadmium free and others. By product, it has been segmented into smartphones, PC monitor, tablet, TV and others. Based on application it has been segmented into consumer Electronics, healthcare, automotive, IT & telecommunication and others.
The prominent players in quantum dot display market are – Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Sony Corporation (Japan), 3M Company (U.S.), Sharp Corporation (Japan), Microvision, Inc. (U.S.), Altair Nanotechnologies, Inc. (U.S.), Evident Technologies, Inc. (U.S.), Quantum Materials Corporation (U.S.), QD Vision, Inc. (U.S.), Nanosys, Inc. (U.S.) and others.
Based on region, the market has been segmented into Asia pacific, North America, Europe and Rest of the World. North America currently accounts for the dominant share of the global market. North America’s dominance over the market is due to the growing demand for energy efficient device and increased penetration of cadmium free quantum dots in consumer electronics. The market in Asia Pacific is estimated to grow at a healthy pace during the forecast period. The increasing demand for energy efficient technology in countries such as China and India is also augmenting the demand for quantum dots display technology. There’s also a significant portion of market still untapped in the region, which is expected to emerge as a growth avenue for market players in the forthcoming years.
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- Technology Investors
- Research/Consultancy Firms
- Quantum Dot Technology Providers
- Original equipment manufacturers (OEMs)
- Quantum Dot Manufacturers
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