Comprehensive Quantum Dot Market Forecast 2023-2032: Growth Rate, Drivers, And Trends

The Quantum Dot Global Market Report 2023 by The Business Research Company, provides quantum dot market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Quantum Dot Global Market Report 2023, the market size grew from $6.11 billion in 2022 to $7.84 billion in 2023 at a compound annual growth rate (CAGR) of 28.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global quantum dot is expected to grow to $20.29 billion in 2027 at a CAGR of 26.8%.

The growing demand for smart televisions and mobile phones is expected to propel the growth of the quantum dots market. A smart television is an internet-based TV set in which a user can perform web surfing from the browser. Tiny semiconductor particles or nanoscale crystals of a semiconducting material that have unique optical and electronic properties are mainly used in TVs and mobile phones.

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The quantum dot market is segmented:

1) By Material: Cadmium Selenide (CdSe), Cadmium Sulfide (CdS), Cadmium Telluride (CdTe), Indium Arsenide (InAs), Silicon (Si), Other Material

2) By Vertical: Consumer, Commercial, Telecommunications, Healthcare, Defense, Other Verticals

3) By Application: Medical Devices, Displays, Solar Cells, Photodetectors Sensors, Lasers, LED Lights, Batteries & Energy Storage Systems, Transistors, Other Applications

Increasing R&D investments is a key trend gaining popularity in the quantum dots market. Many companies are nowadays exploring new technologies and undertaking research in the quantum dots market. For instance, in October 2020, Samsung Electronics, a South Korea-based producer of electronic devices through their R&D hub, Samsung Advanced Institute of Technology (SAIT), developed blue Quantum Dot light-emitting diodes (QLEDs). These quantum dots deliver improved luminous efficiency by 20.2%, having maximum luminance of 88,900 nits, and 16,000 hours of QLED lifetime.

The quantum dot market report table of contents includes: