The global quantum dots market is anticipated to grow at a CAGR of around 24.1% during the forecast period (2021-2027). Quantum dots (QDs) are human-made nanoscale crystals that can transport electrons. When UV light hits these semiconducting nanoparticles, they can emit light of various colors. These artificial semiconductor nanoparticles have found applications in composites, solar cells, and fluorescent biological labels. Healthcare, electronics, security & surveillance, and sustainable energy source are the end-users of the QD technology. The rising use of QD technology in these end-users is gaining popularity owing to the features provided by them. For instance, the use of QD in healthcare sectors especially in biomedical imaging to detect cancer cells is making them highly demandable. Whereas the high luminescence, narrow emission, and low toxicity and biocompatibility of QDs make them a perfect candidate for bioimaging, diagnostics, and biosensing applications. The adoption of QD technology in consumer applications is also expected to drive market growth. The use of QD in optical applications, light-emitting diodes, photodetectors, photovoltaics, and quantum computing is expected to further boost their value in the market.
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The quantum dots market is also growing due to the introduction of new products by the major players. For instance, in December 2020, LG Electronics has announced that it will launch a new liquid crystal display (LCD) TV called QNED TV that uses MiniLED as the backlight, in an online press event in South Korea. LG QNED TV will have a technology called quantum nano cell color technology, which combines nano cell and quantum dot technologies. Through this new launch, the company will able to drive market growth by fulfilling the market demands and customer needs. Furthermore, in April 2019, Quantum Materials Corp has produced a 100% cadmium-free 55-inch QDX quantum dot display technology that achieves an industry-leading 95% Rec. With the advent of this low-cost, high-performance offering, the company believes that it can materially disrupt the industry and create a market condition wherein QD enhanced technology can become a de-facto standard in consumer displays.
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Global Quantum Dots Market Report Segment
By Type of Devices
- QD Display
- QD Lighting
- QD Solar Cells
- QD Lasers
- QD Medical Devices
By Type of Material Used
- Graphene
- Cadmium Selenide
- Cadmium Sulphide
- Indium Arsenide
- Cadmium Telluride
Global Quantum Dots Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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