The Global Quantum Dots Market is projected to grow at CAGR of 30.93% till 2023
The recent study on the global quantum dots market covers an in-depth analysis of the market on the basis of product type, material, end-user industry, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. According to the report titled “Global Quantum Dots Market – Forecast from 2018 to 2023”, the market is estimated to grow at a CAGR of 30.93% to reach a market size of US$7.647 billion in 2023 from US$1.1518 billion in 2017. The report has segmented the global quantum dots market by product type (QD solar cells, QD display, QD medical devices, QD lasers, others), material (cadmium-based quantum dots, silicon, graphene, lead sulfide), end-user industry (telecommunication, healthcare, military and defense, consumer electronics, others) and by geography such as North America (United States, Canada, Mexico, others), South America (Brazil, Argentina, others), Europe (Germany, France, United Kingdom, Spain, others), Middle East and Africa (Saudi Arabia, Israel, others), and Asia Pacific (China, Japan, South Korea, India, others). Quantum dots are artificial nanostructures that have the ability to possess many properties depending upon the size and shape of its material. In fact, one of the most important properties of quantum dots is its ability to tune its bandgap and control the light absorbance and emission frequencies. The growing investment by the display technologies manufacturers to improve the color display and accuracy while simultaneously reducing power consumption is significantly driving the demand for quantum dots. Furthermore, its ability to be manufactured cost-effectively is supplementing the investment in quantum dots technology.
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A great proportion of the demand is originating from the consumer electronics industry.
Quantum dots are increasingly being used in a wide range of applications including televisions and displays and light emitting diode (LED) lighting among others. In fact, Samsung and LG have recently launched new televisions based on quantum dots to enhance the picture color quality and improve power efficiency. Simultaneously, a number of lighting companies are developing product applications using quantum dots to create a more natural light for LEDs.
Some of the major players discussed in the reports are Nanosys, Inc., Quantum Material Corporation, QD Laser, and NN-Labs, Inc., among others.
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