The Business Research Company’s report on the Quantum Dot Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the quantum dot market further?
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 surf web 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. For instance, in February 2023, according to Hisense Group, a China-based appliance and electronics manufacturer, in 2022, shipped 24.419 million units worldwide. Furthermore, Hisense TV exports abroad climbed by 12.2% year on year in 2022. Therefore, the growing demand for smart televisions and mobile phones is driving the growth of the quantum dots market.
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What are the key factors influencing the forecasted market size of the quantum dot industry?
The quantum dot market size has grown exponentially in recent years. It will grow from $9.66 billion in 2024 to $12.09 billion in 2025 at a compound annual growth rate (CAGR) of 25.2%. The growth in the historic period can be attributed to growth in electronics and display technology, demand for energy-efficient lighting, expansion of quantum dot-enabled tvs, adoption in biomedical imaging and diagnostics, regulatory standards for materials safety.
The quantum dot market size is expected to see exponential growth in the next few years. It will grow to $33.88 billion in 2029 at a compound annual growth rate (CAGR) of 29.4%. The growth in the forecast period can be attributed to customized quantum dot solutions for specific applications, integration of quantum dots in solar cells and leds, sustainable and environmentally friendly quantum dots, expansion in quantum computing and quantum cryptography, adoption of quantum dots in quantum sensors. Major trends in the forecast period include quantum dot-based quantum computing, regulatory compliance in quantum dot safety, quantum dots in nanomedicine and theranostics, personalized quantum dot applications in healthcare, transparency in quantum dot sourcing and supply chain.
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Who are the leading competitors in the quantum dot market?
Major companies operating in the quantum dot market include Crystalplex Corporation, InVisage Technologies, LG Display Co. Ltd., Nanoco Group plc, NanoPhotonica Inc., Nanosys Inc., Navillum Nanotechnologies, Nexxus Lighting Inc., NN-Labs LLC, Ocean NanoTech., Osram Licht AG, QD Laser Inc., Quantum Materials Corp., Samsung Electronics Co. Ltd., Sony Corporation, Thermo Fisher Scientific Inc., DuPont de Nemours Inc., 3M Company, Apple Inc., Life Technologies Corporation, Merck Group, Nano Elements Source LLC, Sigma-Aldrich Co., Techinstro and Intelligent Materials Private Limited, RTX Corporation, Silicofeller
Which emerging trends are set to transform the quantum dot market landscape?
Major companies operating in the quantum dots market are developing innovative products, such as the Q-dot technology, which enables efficiency values >200 lm/W, even at high color rendering. For instance, in November 2022, UbiQD Inc., a US-based technology company, launched two new greenhouse film products- UbiGro Inner-625 and UbiGro Inner-650 for its greenhouse industry-focused brand, UbiGro. UbiGro’s new films, Inner-625 and Inner-650, use quantum dot technology to improve light conditions in greenhouses. The Inner-625 suits all light levels, while the Inner-650 is ideal for crops needing moderate sunlight.
How do different geographies compare in terms of market share and growth potential in the quantum dot market?
North America was the largest region in the quantum dots market in 2024. Asia-Pacific is expected to be the fastest growing region in the quantum dots market share. The regions covered in the quantum dot market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Which major segments of the quantum dot market are experiencing the fastest growth?
The quantum dot market covered in this report 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
Subsegments:
1) By Cadmium Selenide (CdSe): Nanocrystals, Nanoparticles
2) By Cadmium Sulfide (CdS): Quantum Dots, Thin Films
3) By Cadmium Telluride (CdTe): Quantum Dots, Thin Films
4) By Indium Arsenide (InAs): Quantum Dots, Nanowires
5) By Silicon (Si): Quantum Dots, Nanocrystals
6) By Other Materials: Lead Sulfide (PbS) Quantum Dots, Lead Selenide (PbSe) Quantum Dots, Other Emerging Quantum Dots
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What defines the structure and scope of the quantum dot market?
Quantum dots are defined as tiny semiconductor particles or nanoscale crystals of a semiconducting material that have unique optical and electronic properties. As energy is applied to these particles, they emit light of various colors, which can be changed by tuning the shape, material composition, and size of the quantum dots. Quantum dots are widely used in displays, including televisions, and smartphones.
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