The global quantum dot market is anticipated to grow at a CAGR of around 23.0% during the forecast period 2020 to 2027 and to reach around US$ 14.9 Bn by 2027.
Rapid technological advancements in electronic devices, increasing investment by major players for development of innovative quantum dot display products, and wide applicability of these display screens in various industry verticals such as healthcare, consumer electronics, defense, etc. are major factors expected to drive the growth of global market.
In addition, major players approach towards business development through strategic merger and acquisition is expected to boost the growth of target market.
In 2020, Samsung a global consumer electronics supplier and manufacturer revealed its latest lineup of QLED 8K and Lifestyle TVs ahead of CES 2020. The product is first to combine a striking, ultra-thin form factor, premium 8K picture quality, and impressive surround-sound audio. This is expected to help the company to enhance the customer base.
In 2019, Nanosys and Yissum signed a strategic agreement for a worldwide patent portfolio related to quantum dot technology. In this agreement the Yissum will grant Nanosys a sub-licensable, royalty-bearing license to its patented technology for quantum dot in the display lighting, and healthcare applications. This is expected to help the company to increase the product portfolio.
In 2019, Quantum Materials Corp a global leader in the design and manufacturing of high-performance nanomaterials acquired Capstan Platform this is expected to help the company to enhance the customer base and increase the revenue share.
In 2019, Nanosys a global leader in developing and delivering state-of-the-art Quantum Dot technology to the display industry expanded its manufacturing facility for increasing the production of quantum dot.
In 2018, the company signed a material development and supply agreement with a large, US-listed corporation with the focus to scale-up and mass-produce novel nano-particles for advanced electronic devices.
Favorable business policies and emergence of small and mid-size enterprises with innovative solutions are factors expected to impact the growth of target market.
However, factors such as high cost of products and concerns regarding use of toxic and heavy metals in quantum dot manufacturing are expected to hamper the growth of global quantum dot market. In addition, lack of awareness among consumers is expected to challenge the growth of target market.
Technological advancements by major players, increasing adoption of quantum dots in LED lighting, and innovative product offerings are factors responsible to create new opportunities for players operating in the target market over the forecast period. In addition, increasing partnership and agreements between regional and international players is expected to revenue support the growth of target market..
Segment Analysis by Region
The market in North America is expected to account for significant revenue share owing to high demand from healthcare sector. In addition, presence of large number of players operating in the country and inclination towards introduction of innovative products are factors responsible to support the growth of target market.
Players focus on enhancing the customer base and increase the revenue share through merger and acquisition along with strategic partnership activities in order to strengthen its distribution channel are factors expected to support the growth of regional market.
The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Global Quantum Dot Market
2016 – 2027
2020 – 2027
Product, Application and Geography
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Quantum Dot Market Segment Analysis, 2019
The global market in segmented into product, material and industry verticals. The product type is further bifurcated into QD medical devices, QD laser devices, QD chips, QD LED display devices, QD sensors, QD photovoltaic devices and QD LED lighting Devices. The QD medical device is expected to account for significant revenue share in the target market due to increasing these displays in medical imaging applications.
The industry vertical segment is divided into biological imaging, quantum optics, optoelectronics, renewable energy, and security and surveillance. The biological imaging segment is expected to account significant revenue share in the global market.
The players profiled in the report LG Display, Altair Nanotechnology Inc., Life Technologies Corporation, QD Laser Inc., Nexxus Lighting, Invisage Technologies Inc., Evident Technologies, Quantum Material Corporation, Sony Corporation, Samsung Electronics Co. Ltd, and Microvision Inc.
Market By Product
QD medical devices
QD laser devices
QD LED display devices
QD photovoltaic devices
QD LED lighting Devices
Market By Industry Vertical:
Security and Surveillance
Market By Region
Middle East & Africa
The global quantum dot market in 2027 is expected to be above US$ 14.9 Bn.
In application segment the biological imaging segment is growing at faster pace.
The CAGR of the global quantum dot market from 2020-2027 is above 23.0%.
In the global market the Asia Pacific region is expected to grow faster.
Some of the players considered in the report scope are LG Display, Altair Nanotechnology Inc., Life Technologies Corporation, and QD Laser Inc.
The report provides insights on global quantum dot market segment by product, industry vertical and major geographic regions.
The quantum dot market is segmented into North America, Europe, Asia Pacific, Latin America and The Middle East & Africa (LAMEA).