Quantum Dot Market Growth to $8.6 Billion by 2026


Posted March 10, 2023 by avinashgogawale14

The Quantum Dots Market Size is anticipated to grow at a CAGR of 16.2% from USD 4.0 billion in 2021 to USD 8.6 billion in 2026.

 
The Quantum Dot Market Size is expected to reach USD 8.6 billion by 2026 from USD 4.0 billion in 2021, at a CAGR of 16.2% during the forecast period.

Due to a number of factors, including increasing consumer demand, quantum dots are becoming more and more popular on the market. Due to the special qualities that quantum dots offer, the market for quantum dots is anticipated to expand rapidly over the course of the forecast period. One of the primary benefits of quantum dots is their potential to establish a bridge between electronics and the physical environment, enabling new options for sensor technology and other applications. Quantum dots are excellent for a number of industrial uses because they are adaptable and can be printed on practically any surface. These advantages are fueling the demand for quantum dots across a range of industries, including healthcare, consumer electronics, and automotive, as well as the rising need for energy-efficient displays and lighting.

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Top Key Players in Quantum Dot Market:

Samsung Electronics (South Korea),
Nanosys (US),
Nanoco Group (UK),
NNCrystal US Corporation (US),
QD Laser (Japan),
Merck Group (Germany),
NanoPhotonica (US), OSRAM Licht (Germany), Crystalplex Corporation (US), LG Electronics (South Korea), and DuPont (US).

Driver: Growing demand for use of quantum dots in display devices

Due to the improved qualities that quantum dot displays offer over traditional displays, the demand for quantum dots in display systems is rising quickly. More colour resolution, improved colour purity, a deeply immersive HDR experience, and greater energy efficiency are all provided by quantum dot displays. Quantum dots have wide excitation profiles and narrow emission spectra, which enhance their ability to efficiently convert light into any visible hue. Quantum dots are widely employed to increase the performance of these displays, which display makers are producing with higher specs to stay competitive in the market.

Opportunity: Increasing demand for large and high-resolution displays

Due to the improved visual experience and decreased cost of LCDs, there has been a substantial rise in the demand for large, high-resolution displays in recent years. Quantum dots, which have benefits including higher image frame rates, better bit depth, and wider colour gamut, are in high demand as a result of display manufacturers concentrating on the manufacturing of 4K and 8K screens. As a result, there is a chance for quantum dots to be used in display technology as the need for large, high-resolution displays grows.

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Quantum dot energy applications

Due to the need for more enduring technical solutions and rising government investment in renewable energy, the market for quantum dots (QDs) is expanding quickly. The use of QDs in solar panels, batteries, clothing materials, construction materials, and other industrial applications is growing because to their special features, which make them perfect for uses like LED and laser technologies.

Market share and pricing of quantum dots, by end use application

Small particles known as quantum dots have numerous potential uses in industries like optics, communication, energy, and medicine. Companies are creating novel new products employing these particles as understanding of their features and possible applications advances.

The market for quantum dots is quickly growing, and there are many different end-use applications available. As a result, depending on the particular application and the businesses involved in production and distribution, pricing and market share for quantum dots can differ significantly.

The market for these particles is anticipated to grow and change over time, with new applications and market players appearing as researchers continue to investigate the characteristics and possible applications of quantum dots.

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https://www.prnewswire.com/news-releases/quantum-dot-market-worth-8-6-billion-by-2026--exclusive-report-by-marketsandmarkets-301388804.html

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Last Updated March 10, 2023