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The Quantum Dot Display Market Was Valued At US$ XX Bn In 2019 And It Is Expected To Reach More Than US$ 19.70 Bn By 2028, Likely To Grow With The CAGR Of 24.8% During The Forecast Period.
A quantum dot display is used to produce pure monochromatic red, green, and blue light with the help of a display device that uses quantum dots (QD) and semiconductor nanocrystals. This technology is used in LED-backlit LCDs, which is applicable to other display technologies that use color filters, such as LED.
Quantum Dot displays are used in biological imaging, renewable energy, optoelectronics, security, surveillance, and quantum optics. In-Vitro and in-vivo imaging in biological imaging they are used to detect cancer cells. Across optoelectronics, they are used in LEDs for more vivid color ranges.
The increasing demand and requirement for improved display technologies with several advantages of quantum dot displays, such as ultra-definition, energy efficiency, high brightness, and low cost will drive the Quantum dot display market.
Increase In Demand For Consumer Electronics Devices, Medical Devices Will Drive The Market
The major factors that drive the growth of the quantum dots display market include an increase in adoption energy-efficient solutions, growth in demand for enhanced display technologies, rise in popularity of consumer electronics devices, a surge in investments in the medical sector, and improved lifestyle of people. While, the increase in popularity of smartphones, tablets, and laptops is expected to drive the growth of the quantum dots display market.
QLED Segment Holds The Largest Market Share In Quantum Dot Display Market
QLED Display used widely in manufacturing Television, Wearable Devices, smartphones, and medical devices. QLEDs exhibit unique characteristics that surpass other types of LEDs, such as high color purity, high brightness with low turn-on voltage, high resolution RGB array pattering, and ultrathin form factors. QLEDs can be successfully applied to more advanced devices such as flexible white QLEDs. Unconventional QLEDs each technology provide many opportunities in novel electronics and optoelectronics. QLEDs can be successfully integrated with various wearable electronic devices, including wearable sensors, data storage modules, touch interfaces, and flexible wireless data transfer devices for fully integrated systems. OLED (organic light-emitting diode), QLED is a superior technology with a number of advantages over OLED.
The Smartphones And Television Displays Expected To Grow With Highest CAGR
The biggest commercial application of the quantum dot display is in display electronics. The quantum dot display enables the inventions of the new generation of screens that are rich-colored, efficient, and flexible. The Quantum dots can actually glow in any range of colors, usually determined by their sizes. To achieve faster, cheaper, and stronger TV displays many companies are executing quantum dot technology.
The quantum dot displays are used in mobiles, tablets, PC monitors, and laptops to achieve improved display. In addition, the device with a quantum dot display uses comparatively less amount of battery. Hence, the quantum dot displays boost the battery life and standby time of electronic devices such as smartphones, tablets, PC monitors, and tablets. Therefore, increase in the popularity of smartphones, tablets, and laptops is expected to drive the growth of the quantum dots display market.
North America Is Estimated For The Largest And Most Lucrative Market Share For Quantum Dot Display Market Globally
The global quantum dot display market in North America is likely to dominate the regional share and is projected to develop in the coming years during the forecast period. The U.S. is likely to incorporate momentous demand and requirement for QLEDs due to the early implementation of QD technology. Augmented awareness with regards to health & fitness amongst the inhabitants is presumed to fuel the regional requirement of QDs across bio-imaging and medical applications. The U.S. is projected to attract huge business investment and a high standard of research work for developing technically improved nano-particles as well as their incorporation across display devices.
Asia Pacific Region Is Expected To Grow At The Highest CAGR During The Forecast Period.
The global quantum dot display market in the Asia Pacific region is projected to grow considerably over the 25 % CAGR in the coming years due to increasing demand and popularity from optoelectronics market division in the province and radical growth in rapid industrialization in countries such as China and India. The existence of a huge number of electronic display vendors in regions such as Japan and China has optimistically impacted the provincial industry development. Taiwan, China, and Korea are likely to incorporate high-quality infrastructure and low labor costs, which are envisioned to offer momentous expansion opportunities and prospects for several multinationals to invest as well as install QD R&D facilities across the region.
Nanoco group is one of the leading manufacturers of nanomaterials in the quantum dot display market. The company has a strong presence in the market and invests significantly in R&D. For instance, its agreement with LG and Merck has helped the company to reach a large audience across the world, thereby resulting in a major market share.
In October 2019, Xiaomi announced that it would be implementing Quantum Dot technology in its upcoming MiTV product line. The TVs will feature QDs from Nanosys and will be available in China from the 5th of November 2019, in 55- and 65-inch sizes.
Some of the key players in Quantum Dot Display Market are focusing on technology alliances with other manufacturers in developing innovative quantum dots that offer enhanced displays with lower power consumption. These players include Nanoco Group, QD Vision, Quantum Material Corporation, and Nanosys.
Other companies include QD Laser, NNCrystal U.S. Corporation, Dow Chemical Company, InVisage Technologies, Ocean NanoTech, and Qlight Nanotech.
Quantum Dot Display Market Key segments:
Quantum Dot Display Market, By Product Type
Quantum Dot Display Market, By Component Type
- Glass Tube
Quantum Dot Display Market, By Application
- Smart phone
- Wearable Devices
- Medical Devices
Quantum Dot Display Market, By Region
- North America
- Asia Pacific
- Middle east and Africa
- Latin America