Quantum Dots Market size was valued at USD 4.15 billion in 2022 and expected to grow USD 8.2 billion by 2029, growing at an 10.3% CAGR from 2023 to 2029. Quantum dots are tiny particle and nanocrystals in semiconductor, having optical and electronic property that differs from large particle used in quantum mechanics. Quantum dots material is segmented into cadmium-based and cadmium-free; cadmium free material is mostly used in the market, and it is expected to dominate in the market in future. The increase in the adoption of quantum dots in the display devices, the advantages of using diverse application of quantum dots are the major factor to drive the market, the use of quantum dots increased for making high resolutions displays and consume less power than the conventional displays, as a result the demand for high resolutions displays, enhanced visual experience, the picture display is increased from HD to 4K and 8K display, creates new opportunity to the key players. Less availability of material such as cadmium, selenium, zinc and indium for manufacturing quantum dots, these materials are expensive for owning which is the major restraints for the quantum dots market. Cadmium free products are expected to dominate in the market due to cost effective factor.
Recent Market Quantum Dots Market Key Developments:
In January 2022, Samsung has presented its latest products, MICRO LED, Neo QLED and Lifestyle TV in Consumer Expo, Samsung, cutting edge display provides 8K display best display.
Fastest Growing Market
The increasing use of high resolutions display tv across the world is the major market driver in the Quantum Dots Market during the forecast period. Growing demands for high resolutions market provide new products in the market based on quantum dots display, quantum dots display is extensively used and offers high color resolutions, high color quality and high HDR (high-dynamic-rate) experience, narrow emission spectra and magic changing color quality this several benefits from quantum dots excites key the quantum display manufacturer. Hence, this will drive global market growth at a significant rate.
The quantum dots market was valued at USD 4.15 billion in 2022 and is expected to grow to USD 8.2 billion by 2029, growing at a 10.3% CAGR from 2023 to 2029
Quantum dots (QDs) are semiconductor nanocrystals that have a reactive core that controls their optical properties. These cores are made of semiconductors, as, for example, cadmium selenide (CdSe), cadmium telluride (CdTe), indium phosphide (InP), or zinc selenide (ZnSe).
The leading players in the Quantum Dots Market are; Samsung Electronics, Nanosys, Nanoco group, NN crystal US corporation, QD Laser, Merck Groups, Ocean Nanotech
Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation, and Seven years forecast is presented from 2023 – 2029.