The global quantum dot (QD) display market was valued at around US$ 1,176.2 Mn in 2017and is anticipated to register a stable CAGR of over 23% during the forecast period 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Quantum Dot (QD) Display Market” – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” Benefits provided by quantum dot, increasing adoption of cadmium free quantum dot displays, and growing popularity of consumer electronics devices have increased the penetration and growth of the quantum dot (QD) display market globally. The quantum dot (QD) display market in North America is expanding at a significant CAGR of above 24% on the backdrop of numerous technological innovations in electronics devices and increasing investments in the development of the medical sector.
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Benefits Provided by Quantum Dot Display to Drive Market Growth
The growing demand for enhanced display technologies and increasing awareness about energy efficient solutions has increased the adoption of quantum dot display products. There are numerous advantages of quantum dot displays such as energy efficiency, ultra-definition, low cost, and high brightness. Quantum dots can glow in any array of colors, determined by their sizes. Various companies are implementing quantum dot technology in order to achieve cheaper, faster, and stronger television displays. In North America, a large number of consumer electronics providers are focusing on offering hybrid quantum dot displays in order to meet the increasing demands for flexible displays. In September 2017, Apple Inc. invented quantum dot hybrid pixels technology in order to offer power efficient displays that provide pure color. This technology is ideal for consumer devices that demand a flexible display. Key trends prevalent in the quantum dot (QD) display market are electroluminescent quantum materials-based displays, strategic partnerships, introduction of 4K Ultra HD LED TV’s and UHD TV’s, and growing investments in quantum dot technology.
Cadmium-free Segment to Dominate the Global Quantum Dot (QD) Display Market
The material segment is divided into cadmium-containing and cadmium-free. Cadmium-free segment is anticipated to dominate the market owing to various benefits provides by cadmium free quantum dot displays around the globe. Eco-friendly nature, pure color, and wavelength tenability are some of the key factors driving massive global investment in cadmium-free quantum dot displays. As cadmium is toxic in nature, several major OEMs have started launching products only using cadmium-free technology. Cadmium-free quantum dots offer vibrant color for liquid crystal displays (LCD). Hence, many electronic consumer devices manufacturers are offering cadmium free quantum dot displays in smartphones, tablets, TV’s, and laptop. These factors are expected to boost the growth of the quantum dot (QD) display market. Cadmium-free segment is anticipated to expand at the highest CAGR of over 24% during the forecast period of 2018 to 2026.
Implementation of Quantum Dot Displays in Medical Devices to Boost Growth of the Hardware Segment
The devices segment is fragmented into consumer electronics, medical devices, and others. Consumer electronics segment is expected to continue to be the leading segment globally during the forecast period due to rising implementation of quantum dot displays in various electronic devices such as televisions, laptops, tablets, smart phones, and monitors to deliver better picture quality. Also, demand for quantum dot displays is increasing in various medical applications. Quantum dot displays can also be used in the biomedicine sector to colorfully illuminate tumors in order to improve the safety and efficacy of cancer surgery.
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Growing Adoption of Quantum Dot (QD) Display due to Various Technological Advancements such as Low Energy Consumption and Vibrant Displays in China, India, South Africa, Brazil, and Taiwan to Create More Opportunities in the Market
Geographically, the global quantum dot (QD) display market is divided into five major geographical regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. In 2017, North America was the topmost revenue generating region followed by Asia Pacific. Developed regions such as North America and Western Europe are expected to witness increasing implementation of quantum dot displays. With the rise in the usage of quantum dot (QD) display in North America, large number of utilities are increasingly investing in quantum dot displays in order to improve overall picture quality and operational efficiency. The U.S. held highest market share in 2017 in North America and is estimated to expand at considerable CAGR during the forecast period. Utilities in the U.S. are mainly focusing on development of emerging emissive display technologies. In December 2017, Nanosys Inc. in partnership with DIC launched inkjet-printed quantum dot color conversion devices for LCD and emissive displays in order to improve the LCD technology, as well as accelerate the development of emerging emissive display technologies such as microLEDs.
Europe is anticipated to grow at a significant CAGR during the forecast period as most of the quantum dot display providers are offering electroluminescent quantum material based displays to improve the image quality.The quantum dot (QD) display market in Asia Pacific is further expected to grow at the highest CAGR of 24.5% over the forecast period. Factors such as growing technological innovations and increasing adoption of cadmium-free quantum dot displays and growing popularity of high brightness displaysare expected to drive the Asia Pacific quantum dot (QD) display market. Middle East & Africa and South America are expected to expandat a substantial pace dueto the growing investments in the development of consumer electronics device in the regions.
Key Players Such as Sony Corporation, LG Display Co. Ltd.,and Samsung Electronics Co. Ltdare Likely to Continue to Lead the Global Quantum Dot (QD) Display Market
The company profiling of key players in the global quantum dot (QD) displaymarket includes company overview, major business strategies adopted, SWOT analysis, and market revenues for years 2016 to 2018. The key players profiled in the global quantum dot (QD) display market includes Sony Corporation, LG Display Co. Ltd., Samsung Electronics Co. Ltd, Sharp Corporation, 3M Company, Nanosys, Inc., Quantum Materials Corporation, Microvision Inc., Evident Technologies, Inc. and QD Vision, Inc. Various players are establishing partnerships to provide various quantum dot displays on a large scale in order to provide excellent picture quality at low cost.
The global quantum dot (QD) displaymarket is segmented as follows:
Global Quantum Dot (QD) Display Market, by Material
Global Quantum Dot (QD) Display Market, by Component
- Glass Tube
Global Quantum Dot (QD) Display Market, by Device
- Consumer Electronics
- Wearable Devices
- Medical Devices
Global Quantum dot (QD) display Market, by Geography
- North America
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East &Africa
- South America
- Rest of South America
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