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(Wireless-NewsWire.Com, May 03, 2017 ) Publisher's research analyst predicts the global quantum dots display market to grow steadily at a CAGR of 76% during the forecast period. Quantum dots are semiconductor nanocrystals having dimensions less than 10nm. They are used in various applications such as healthcare, display, LED lighting, and solar cells. In display applications, quantum dots are used only to filter light from LEDs to backlight LCDs (liquid crystal displays). In 2015, the adoption of quantum dots was very low in display applications because of low quantum dot production. In 2020, Publisher expects the penetration of quantum dots in display applications for smartphones and tablets will be much more significant to drive the quantum dots market.
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Market segmentation by application
- UHD TV
- Smartphone
- Tablet
In 2015, majority of the revenue came from UHD TV applications followed by smartphone and tablet. Publisher expects an increase in revenue contribution from UHD TV segment. UHD TVs are the early adopters of this technology and the amount of quantum dots required for UHD TVs is high compared to quantity required in smartphones and tablet display applications.
Geographical segmentation of the global quantum dots display market
- Americas
- APAC
- EMEA
In 2015, APAC dominated the market with revenue share of 92%, followed by Americas, and EMEA. Publisher expects the APAC region to witness huge demand for quantum dots for display applications as it is a hub of OEMs.
The emergence of Chinese UHD TV manufacturers such as Hisense, Tongfang, TCL, and Haier has propelled the production of quantum dot-based UHD TVs, resulting in an increased demand for quantum dots in the APAC region.
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Vendor landscape of the global quantum dots display market
The global quantum dots display market is dominated by four key vendors including QD Vision, Quantum Materials, Nanoco, and Nanosys.
The vendors in this market are focusing to increase production capacity. They are investing in new processing technologies to produce quantum dots in large amounts, led by growing demand for quantum dots in consumer electronic applications. In 2015, Samsung Venture Investment invested in Nanosys to produce energy-efficient quantum-based displays. However, the capital-intensive nature of this industry makes it difficult for new vendors to enter the market.
Key market driver
- Growing interest in cadmium-free quantum dots
- For a full, detailed list, view our report
Key market challenge
- High cost of production
- For a full, detailed list, view our report
Key market trend
- Joint venture and strategic partnership with OEMs
- For a full, detailed list, view our report
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Priya Sisodia
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