Global Quantum dots Market Expected to Grow at a CAGR of 15.3%

The global quantum dots market was valued at USD 4,164.9 million in 2018 and is expected to reach USD xx million by 2026, growing at a CAGR of 15.3% during the forecast period.

Quantum dots enable display offers better color purity, higher resolution, and much better high dynamic range (HDR), and they more energy-efficient than conventional displays. The properties of quantum dots like wide excitation profiles and narrow emission spectra can provide a better resolution than traditional LED displays. Quantum dots have the ability to change the emitted light into different colors with greater efficiency. They also produce better display brightness for smart devices like smartphones, smart TVs, and tablets.

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Quantum dots apply a blue backlight and green & red filters for producing a pure white light, which can be transformed into better-looking colors. This technology requires fewer components for the LED or LCD filtering layer, which will help display manufacturers to drive up the brightness of the display. These factors will help the quantum dots (QD) enabled LED TV to achieve higher color accuracy of LED panels. These benefits of quantum dots will eventually drive their usage in HDR smart TVs.

Lack of awareness about the benefits of quantum dot technology is one of the major challenges faced by the quantum dots market. The adoption of quantum dots products is facing challenges in terms of shortages of rare earth materials and lack of industry standards. The market is also characterized by high competition due to the availability of different technology-based smart TVs like QLED TVs, HDR, OLED. Consumers are facing difficulties to make purchasing decisions owing to the availability of a wide range of energy-efficient display technologies. These factors result in the slow adoption of quantum dots technology.

Key Findings:

• Based on product type, the quantum dots (QD) displays segment is projected to dominate the market during the forecast period
• Based on applications, the optoelectronics segment is expected to grow at a significant CAGR during the forecast period
• Based on end-use industry, the healthcare segment is expected to grow at a significant rate throughout the forecast period
• Asia Pacific accounted for a significant share in the global quantum dots market in 2018 and is expected to grow at the highest rate during the forecast period

Recent News:

• In October 2019, Samsung announced to invest about US$ 11 Bn in quantum dot display technology. Samsung has announced an investment plan for the construction and research & development of quantum dot display production facilities by the next 5-6 years. With the help of this investment, Samsung will shift towards quantum dot-based display from the existing LCD large display technology. These kinds of investments will create lucrative opportunities for the quantum dots market in the coming years.
• In November 2019, UbiQD Inc. has received New Product Innovation Award 2019 from Frost & Sullivan, for their quantum dot product called Ubigro Greenhouse Film. UbiGro greenhouse films can absorb the less utilized portion of sunbeam, mainly blue, UV, and green light and then transform the energy into red and orange light. These quantum dots technology-enabled products can increase crop yield in agricultural sites.