Quantum dots (QD) are tiny particles (nano-crystals) of a semiconducting material with diameters in the range of 2 to 10 nanometers (10-50 atoms). They can be made by various methods, for instance, collidal synthesis, lithography, and epitaxy. They are extensively used in the TV industry owing to increased effective viewing angles and high definition colors. They have the capability to absorb light in order to increase the output of the photovoltaic, photocatalysts, light sensors, and other optoelectronic devices. Hence they are used in solar chambers to produce energy 24 hours a day.
According to the study, “Global Quantum Dot Market 2019 by Manufacturers, Regions, Type, and Application, Forecast to 2024” the key companies operating in the global quantum dot market is Nanosys, Inc., QD VISION, Inc. (Samsung Electronics Co., Ltd.), Nanoco Group, Quantum materials Corp., QD Laser, ALTAIR nanotechnologies Inc., NN-Labs, Invisage (APPLE Inc.), Ocean Nanotech, OSRAM AG, Crystalplex Corporation, Navillum Nanotechnologies, NANOPHOTONICA, Nano Elements Source, LLC, LG Display co., Ltd., UBIQD, INC., The Dow Chemical Company, Fraunhofer-Gesellschaft, Pacific Light Technologies, American Elements, Avantema, Quantum Solutions, Strem Chemicals Inc.
Based on composition and structure, the quantum dot market is segmented into core-shell quantum dots, core-type quantum dots, and alloyed quantum dots. Based on product type, the market is segmented into QD displays, QD medical devices, QD photo-detectors or QD sensors, QD solar cells, QD lighting (LED) solutions, QD lasers, QD transistors, and batteries & energy storage systems. QD display segment is further sub-segmented into QD filters, QD LCDS/QDEFS and self-emitting QD TVs/true QLEDS. The segment includes monitors, smartphones, TV, and others. QD photo-detectors or QD sensors are further sub-segmented into IR/NIR sensors and visible sensors.
Based on material, the market is segmented into cadmium-free quantum dots and cadmium-based quantum dots. Cadmium-free QD includes indium, zinc sulfide, silicon, and others. Cadmium-based QD includes cadmium sulfide, cadmium selenide, and cadmium telluride. Based on technology, the market is segmented into fabrication, electrochemical assembly, colloidal synthesis, and viral assembly, bulk manufacturing and Cadmium-free quantum dots (CFQD). Based on application, the market is segmented into quantum optics, renewable energy, healthcare application in biological imaging, optoelectronics and QD based security & surveillance. In addition, based on vertical, the market is segmented into healthcare, consumer, defense, telecommunications, commercial and others (manufacturing, agriculture and automotive).
The quantum dot industry is driven by a rise in display-based electronics, followed by growth in demand for energy-efficient solutions, an increase in TV industry expenditures, rise in launches in introducing new products, more-intense competition, growth in advancements in new technologies, and rise in the adoption of quantum dots display. However, the utilization of heavy metals as raw material and a slow rate of adoption of the technology may impact the market. Moreover, the rise in spending on TV, monitor and the smartphone is a key opportunity for the market.
Based on geography, the North-American region holds the major share in the quantum dot market owing to the rise in awareness regarding health & fitness among the population and early adoption of quantum dots technology in the region. Whereas, the Asian-Pacific and European regions are expected to witness higher growth rate due to the presence of major electronics companies over the forecast period. In upcoming years, it is estimated that the future of the market will be optimistic on account of rising in demand for displays with higher efficiency & enhanced color quality during the forecast period.
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Ankur Gupta, Head Marketing & Communications