The global quantum dots market size is expected to grow from $4.70 billion in 2021 to $6.03 billion in 2022 at a compound annual growth rate (CAGR) of 26.35%. The change in the quantum dot market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $14.68 billion in 2026 at a CAGR of 25.02%.
What is the Global Quantum Dot Market?
The quantum dots market consists of sales of quantum dots by entities (organizations, sole traders, and partnerships) that are tiny semiconductor particles or nanoscale crystals of a semiconducting material that have unique optical and electronic properties. As energy is applied to these particles they emit light of various colors, which can be changed by tuning the shape, material composition, and size of the quantum dots. Quantum dots are widely used in displays, including televisions, and smartphones.
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What drives the Global Quantum Dot Market?
The growing demand for smart televisions and mobile phones is expected to propel the growth of the quantum dots market. A smart television is an internet-based TV set in which a user can perform web surfing from the browser. Tiny semiconductor particles or nanoscale crystals of a semiconducting material that have unique optical and electronic properties are mainly used in TVs and mobile phones. According to USA Today, in the first half of 2020, sales of smart TVs of 65 inches and larger were up 50% (in units). Therefore, the growing demand for smart televisions and mobile phones is driving the growth of the quantum dots market.
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Global Quantum Dot Market Segments
The global quantum dot market is segmented:
By Material: Cadmium Selenide (CdSe), Cadmium Sulfide (CdS), Cadmium Telluride (CdTe), Indium Arsenide (InAs), Silicon (Si), Others
By Vertical: Consumer, Commercial, Telecommunications, Healthcare, Defense, Others
By Application: Medical Devices, Displays, Solar Cells, Photodetectors Sensors, Lasers, LED Lights, Batteries and Energy Storage Systems, Transistors, Others
By Geography: The regions covered in the quantum dot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Quantum Dot Global Market Report 2022 provides market size and growth forecasts for the global quantum dot market, global quantum dot market share, quantum dot market segments and geographies, quantum dot market competitive landscape including leading competitors’ revenues, profiles and market shares. The quantum dot market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Quantum Dot Industry Players include Crystalplex Corporation, InVisage Technologies, LG Display Co. Ltd., Nanoco Group plc, NanoPhotonica, Nanosys Inc., Navillum Nanotechnologies, Nexxus Lighting, NN-Labs LLC, Ocean NanoTech., Osram Licht AG, QD Laser, Quantum Materials Corp., Samsung Electronics Co. Ltd., Sony Corporation, Thermo Fisher Scientific Inc., DuPont, 3M Company, Apple Inc., Life Technologies, Merck Group, Nano Elements Source, LLC, Pacific Light Technologies, Sigma-Aldrich Co., Techinstro and Intelligent Materials Private Limited, and Ultra Nano Tec. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
