The global quantum dot display market Size is projected to register a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing demand for optimized display devices with better resolution quality and performance.
The quantum dots are tiny semiconductor nanomaterials that are primarily designed produce high brightness for various optimized devices such as TVs and large-format displays.
The quantum dot display uses these semiconductor materials to produce a pure blue backlight and exact red and green filters to create a true white light, which can then be filtered into better-looking brightness colors on the range of the displays. Thus, the use of quantum dots has been increased significantly over the last several years as the technology helps build an effective way of producing the next generation of intense, high-definition TV screens.
The quantum dot display is broadly used in the manufacturing of the televisions, smartphones, wearable devices, and medical devices. They exhibit unique characteristics such as high color purity, high resolution RGB array pattering, high brightness with low turn-on voltage, and ultrathin form factors. The technology can be effectively applied to more progressive devices such as flexible white QLEDs. The unconventional QLEDs each technology provides many opportunities in novel electronics and optoelectronics. The QLEDs can be successfully integrated with several wearable electronic devices including wearable sensors, data storage modules, touch interfaces, and flexible wireless data transmission devices for fully integrated systems.
Market Drivers, Restraints, Trends, and Opportunities
- Growing demand for QD-enhanced LED displays around the globe is expected to fuel the market growth.
- Rising demand for advanced consumer electronic items with high resolution displays is a key driver for the market growth.
- Continuous developments in QD performance to increase energy-efficiency and better brightness are driving the market expansion.
- Increasing awareness regarding health and fitness among consumers and wide adoption of the quantum dot display across healthcare applications are boosting the market.
- Quantum dots are gradually used for biotic imaging, detection targeting, and applications. The technology is projected to propel the market development during the forecast period.
- Strict government regulations on the use of cadmium and other heavy metals in the production of QDs is likely to act as a key challenge of the market growth in the coming years.
- Ongoing research and development in quantum dot technologies by some market players is presenting numerous opportunities for the expansion of the quantum dot display market.
Scope of Quantum Dot Display Report
The report on the global quantum dot display market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been involved in the report.
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Attributes
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Details
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Report Title
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Quantum Dot Display Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Components (Film, Tube, and LED), Applications (Consumer Electronics and Healthcare)
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Regional Scope
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Asia Pacific, Latin America, North America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Competitive Landscape, Size, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Nanosys (US), Nanoco Group (UK), NN-Labs (US), OSRAM Licht (Germany), Samsung Electronics (South Korea), Ocean NanoTech (US), Avantama (Switzerland), Quantum Materials (US), and Navillum Nanotechnologies (US)
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Global Quantum Dot Display Market Segment Insights
In terms of components, the market is divided into film, tube, and LED. The film segment is anticipated to expand at a rapid pace during the forecast period as it finds several important applications in the displays for tablets, TVs, and other devices. It offers rich and vivid colors with lower weight and advanced battery life. The QDs are gradually used in innovative televisions that use a thin glass tube occupied with QDs tuned to red and green colors. Meanwhile, the LED segment is projected to hold a substantial share of the market due to developments in technology for the production of silicon QD-LEDs through solution-based procedures. QD LED TVs are price and color-effective. The growing use of QDs in LEDs has led to the emergence of super ultra-high-definition TVs, offering richer and deeper colors.
Based on applications, the global quantum dot display market is segmented into consumer electronics and healthcare. The healthcare segment is anticipated to growth at a robust rate in the coming years due to the wide adoption of the technology in medical field. The use of fluorescent colloidal QDs in genetic tracing is increasing significantly over the past few years owing to their distinguished particle size-dependent optical properties and inventions in bio-functionalization. The adoption of the display in areas including biological imaging contain bimodal magnetic-luminescent imaging, vivo and vitro imaging, and diagnostics. However, the consumer electronics segment is projected to hold a major share of the market owing to the wide adoption of the QDs in consumer electronics due to key features such as high efficiency, lower power consumption, and high quality. They find applications in numerous consumer devices such as hi-vision cameras, image tracing, wearable electronics, LCDs and LED TVs, and smartwatches.
In terms of regions, the market is generally classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominated the market share accounting for over 40% of the global quantum dot display market and is predicted to grow considerably during the forecast period. The market in U.S. is likely to attract huge business investment due to high level of research work for emerging technologically improved nanoparticles and their integration across display devices. However, the market in Asia Pacific is projected to expand significantly during the forecast period due to growing demand of the technology from the optoelectronics sector in this region. The presence of a huge number of electronic display players in countries such as China and Japan are key factors that offer positive impact for the growth of the regional market.
Segments
The global quantum dot display market analysis has been segmented on the basis of
Components
Applications
- Consumer Electronics
- Healthcare
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Nanosys (US)
- Nanoco Group (UK)
- NN-Labs (US)
- OSRAM Licht (Germany)
- Samsung Electronics (South Korea)
- Ocean NanoTech (US)
- Avantama (Switzerland)
- Quantum Materials (US)
- Navillum Nanotechnologies (US)
Competitive Landscape
Major players competing in the global quantum dot display market analysis include Nanosys (US), Nanoco Group (UK), NN-Labs (US), OSRAM Licht (Germany), Samsung Electronics (South Korea), Ocean NanoTech (US), Avantama (Switzerland), Quantum Materials (US), and Navillum Nanotechnologies (US).
Some of these businesses are involved in adopting numerous market strategies such as merger, acquisition, collaboration, partnership, product launch, R&D activities, and capacity expansion to increase market share and global presence.
Recently, Nanosys established its innovation quantum efficiency for heavy metal-free red, green, and blue QDEL devices, and effectively printed displays using ink jet technology in its laboratories. This is a key advancement in the next-generation quantum dot technology.
Lately, a major US-based cadmium-free quantum dot and nanomaterials manufacturer, Quantum Materials Corp. launched a 100% cadmium-free 55inch QDX quantum dot display technology that helps accomplish higher level of performance of QD-enhanced film. The technology is considered to be helping eradicate the costly barrier film that was formerly required for QD-based display designs.
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