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The Quantum Dots Market is segmented by Type (III-V-semiconductors, II-VI- semiconductors, and Silicon (Si)), Application (Optoelectronics and Optical Components, Medicine, Agriculture, Healthcare, and Alternative Energy), and Geography.
2018 - 2026
Fastest Growing Market:
The quantum dots market was valued at USD 652.2 million in 2020 and expected to reach USD 4416 million by 2026 and grow at a CAGR of 40.9% over the forecast period (2021 - 2026). Cadmium-based quantum dots (QDs) are in trend, which have the advantage of broad UV excitation, narrow emission, bright photoluminescence (PL), and high photostability. Thus, cadmium-based quantum dots have applications in bio-imaging, electroluminescence (EL) and photovoltaic (PV) devices, catalytic hydrogen production, sensors, etc.
The quantum dots market is evolving, with newer technological innovations in the production and application aspects. Quantum dots have various applications in biosensors, such as quantum dot biosensors for diagnostics and quantum dot fluorescent biosensors. A rise in the market growth has been observed, owing to the applications of quantum dots in composites, solar cells, medical devices, displays, etc.
|Optoelectronics and Optical Components|
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With increasing led penetration in the lighting market, the quantum dots market is growing, due to the application of quantum dots in manufacturing high-efficiency and color-saturated displays. It is increasingly becoming popular in the consumer electronics segment owing to QDs’ applications in appliances, such as LED TVs, which absorb and emit light in pure colors, as much as four times brighter than any other display technology in the world.
In agriculture, it is possible to produce light-converting coatings, which is expected to increase yield and the speed of ripening of fruit plants in greenhouses. Dutch farmers are increasingly adopting indoor farming, and they are able to grow more crops, faster, and in a smaller space, with advanced greenhouses using LED lights.
Colloidal QD LED, with quantum and power conversion efficiencies in the infrared range, has proven that it can also be integrated in inorganic solar cells, and this may lead to even higher efficiencies. Additionally, such factors have triggered a vast number of applications for QDs, including surveillance, night vision, environmental monitoring, and spectroscopy.
Additionally, significant drop in light output exhibited by green LEDs has often been the cause of efficiency problems and high costs in customer applications, such as fitness trackers. Thus, in order to resolve these issues, in May 2018, Osram Licht AG increased the efficiency of its green LEDs by 40%.
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The Asia-Pacific quantum dots market is expected to register the highest growth rate during the forecast period. The growth of the market in the Asia-Pacific region can be attributed to the inclination of consumers toward the adoption of technologically advanced products, and the involvement of various universities and organizations in R&D of the QD technology, specifically in the display market.
Surging demand from the optoelectronics and solar energy applications is also the key growth factor for the market in this region. Unique optical properties, such as high quantum yield, emission tenability, narrow emission band, and optical stability, are making quantum dots the preferred material for the display and lighting solutions.
In the coming years, there is likely to be an increase in demand for QD displays in Asia-Pacific, especially in China, which is expected to drive the quantum dots market. Rising expenditures of the TV, monitor, and smartphone industries, with the introduction of new products, is increasing the adoption of QD displays, which may enhance the growth of the quantum dots market.
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The quantum dots market is highly fragmented, and the major players have used various strategies such as expansions, new product launches, joint ventures, agreements, partnerships, and acquisitions, to increase their footprints in this market. Key players in the market are Nanosys Inc., NN-Labs LLC, Ocean NanoTech, etc. Given below are some of the recent developments in the market:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
5. MARKET DYNAMICS
5.1 Introduction to Market Drivers and Restraints
5.2 Market Drivers
5.2.1 Demand for Quantum Dots in High-quality Display Devices
5.2.2 Demand for Energy-efficient Solutions
5.3 Market Restraints
5.3.1 Toxicity of Cells in Biological Applications
5.4 Value Chain Analysis
5.5 Industry Attractiveness - Porter's Five Forces Analysis
5.5.1 Threat of New Entrants
5.5.2 Bargaining Power of Buyers/Consumers
5.5.3 Bargaining Power of Suppliers
5.5.4 Threat of Substitute Products
5.5.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
6.1 By Type
6.1.2 II-VI- semiconductors
6.1.3 Silicon (Si)
6.2 By Application
6.2.1 Optoelectronics and Optical Components
6.2.4 Alternative Energy
6.2.5 Other Applications
6.3.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
6.3.4 Rest of the World
220.127.116.11 Latin America
18.104.22.168 Middle-East & Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Nanosys Inc.
7.1.2 NN-Labs LLC
7.1.3 Ocean NanoTech
7.1.4 Quantum Materials Corporation
7.1.5 Osram Licht AG
7.1.6 Nanoco Group
7.1.8 UbiQD Inc.
7.1.9 Navillum Nanotechnologies
7.1.10 Quantum Solutions Inc.
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
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