The global Quantum Dots Market is likely to garner significant traction. Increasing the implementation of quantum displays in computers and machine learning devices would substantiate the market growth. Market Research Future (MRFR) confirms that the global quantum dots market will reach USD 28.93 billion by 2032, growing at a whopping 26.45% CAGR throughout the assessment period (2023-2032).
The increasing adoption of quantum dots technology in various applications for its vibrant displays with low-energy consumption would increase the market size. Moreover, the growing demand for quantum dots from display devices manufacturing for their energy efficiency drives the quantum dots display market. Also, increasing R&D investments escalate the quantum dots market value.
Rising awareness about the quantum dots technology benefits increases the market demand. Also, the increasing adoption of quantum dots technology in the consumer electronics, telecom, commercial, healthcare, and defense sectors accelerates the region’s market shares. Additionally, government initiatives and support for the development of quantum dots technology act as a significant driving force.
Major Players:
Leading quantum dots market players are
- Nanosys (US)
- Samsung Electronics (South Korea)
- Nanoco Group (UK)
- QD Laser (Japan)
- Crystal US Corporation (US)
- Merck Group (Germany)
- OSRAM Licht (Germany)
- NanoPhotonica (US)
- Crystallex Corporation (US)
- DuPont (US)
- LG Electronics (South Korea)
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Global Quantum Dots Market – Segments
The report is segmented into products, materials, verticals, and regions. The product segment is sub-segmented into displays, solar cells, photodetectors, lasers, LED, transistors, and others. The material segment is sub-segmented into cadmium sulfide, cadmium selenide, cadmium telluride, zinc sulfide, indium, silicon, and others.
The vertical segment is sub-segmented into consumer, telecommunication, commercial, healthcare, defense, and others. By region, the quantum dots market is segmented into the Asia-Pacific, Americas, Europe, MEA, and the rest of the world.
Global Quantum Dots Market – Geographical Analysis
North America leads the global quantum dots market due to the high awareness of health and fitness. Furthermore, the early adoption of quantum dots technology and significant demand for QLEDs boost the region’s market share. The US holds the highest quantum dots market share in the region.
Moreover, the presence of technology providers and growing investments by government agencies and aerospace & defense for the research and development of machine learning technology influence the market growth. The North American quantum dots market will dominate throughout the estimated period.
Global Quantum Dots Market – Competitive Analysis
The highly competitive quantum dots market appears fragmented due to numerous well-established players. These players increasingly focus on product development and incorporate strategic approaches, such as collaboration, mergers & acquisitions, expansions, and product launches, to gain a larger competitive share. Multinational companies and emerging startups are making significant R&D investments. The high growth prospect attracts several new entrants to the market, which would further intensify the market competition.
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Industry/Innovation/Related News:
Sept. 11, 2023 — Shoei Chemical Inc., a leading advanced materials manufacturer, announced the completion of the acquisition of all the assets associated with the Nanosys quantum dot business by its North American subsidiary, Shoei Electronic Materials. The company will acquire Nanosys’ sales and marketing teams, the quantum dot R&D team, and Silicon Valley laboratories per the deal. Shoei will remain a supplier of quantum dot materials to the Nanosys brand.
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