Major companies like Samsung and LG are encouraging usage of cadmium free material for quantum dot display product and are investing into quantum dot display market due to increasing demand from various industry verticals. This is owing to the growing demand for enhanced display technologies and increasing awareness about adoption of energy efficient solutions. Samsung Electronics has been dominating the overall quantum dot display market owing to the increasing demand for consumer electronics.
North America region holds the largest market share of global quantum dot display market followed by Asia Pacific and Europe regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing demand for energy efficient device and increasing interest in cadmium free quantum dots in consumer electronics in the region. The region also has a well-established infrastructure which allows easy implementation of advanced technologies.
Quantum Dot Display Market has been segmented on the basis of material, product and application. The material is further bifurcated into cadmium free, cadmium based and others. Out of which, the cadmium free material has gained immense popularity owing to its efficiency. Growing demand of quantum dots in display devices and energy efficiency offered by quantum dots are some of the major factors driving the growth of quantum dots display market.
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Quantum dots display products are made up of cadmium based material such as selenide, sulfide, telluride, and indium arsenide or cadmium free material. Earlier, cadmium based material was the most commonly used for manufacturing of quantum dot display product. As cadmium based material are heavy metal, toxic in nature and are restricted by the global environmental regulation. Many regulation authorities have limited the amount of cadmium material for usage in the consumer electronics devices for customers. This in turn has stimulated the production of the cadmium free material.
The global quantum dot display market is expected to grow at approx. USD 3.9 Billion by 2023, at 25% of CAGR between 2017 and 2023.
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.
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.
Quantum Dot Display Market Segmentation
The quantum dot display market has been segmented on the basis of material, product and application. The application segment is further bifurcated into consumer electronics, healthcare, automotive, IT & telecommunication and others. Out of which, the consumer electronics segment has generated the highest revenue and is also expected to dominate the quantum dot displays market. This owing to the increasing investments from major players like Samsung and LG in the consumer electronics market.
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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