The Quantum Dots market is expected to grow at a compound annual growth rate of 18.44% over the analyzed period to reach a market size of US$10.843 billion in 2026 from US$3.316 billion in 2019. Quantum Dots are artificial nanoparticles that have semi-conductor properties. The size of the dot, which ranges from 2 to 10 nanometres, influences the wavelength of light emission.
Their shape, structure, and composition also affect their light emission capabilities. Based on these electronic properties, they can be an active material in single-electron transistors. Quantum dots are widely used in electronics, information storage, imaging, catalysis, sensing devices, and medicines. Further, its capability of churning large quantities of nanocrystals in batches based on exact parameters increases the demand for the technology.
The Consumer Electronics segment of the market is anticipated to provide the huge market potential for Quantum Dots Technology.
Based on product type, the global Quantum Dots market is segmented into healthcare, telecommunication, military and defense, consumer electronics, and others. The consumer electronics segment of the market is anticipated to grow at a significant rate owing to the rising demand for technologically advanced consumer electronic goods. A surging disposable income along with increased awareness will also boost the demand for technologically updated consumer electronic goods, which employ Quantum Dot technology, especially in the developing economies. The advertisement also plays a significant role in the growth of this market, as it helps in attaining awareness. Moreover, an increased standard of living involves the adoption of advanced technology, such as Quantum Dots, for a better viewer experience. The increased adoption of smart devices also plays a significant role in the market.
The healthcare sector as well is predicted to show a noteworthy growth during the forecasted period, owing to rising health and safety standards, along with technological up-gradation for better diagnosis and treatment.
OLED technology may hinder the market growth of QLED technology, constraining the Quantum Dots Market.
OLED technology or the Organic Light Emitting Diode may hinder the growth of QLED or the Quantum Dots Light Emitting Diode. While both the technologies provide a range of colors, successfully delivering an eye-popping vision, QLED has an advantage over OLED as it can deliver a full range of colors at peak brightness. OLED technology fails to deliver 30% of colors at full brightness, therefore compromising the color quality. However, when it comes to raw material availability and accessibility, QLED gets beaten up by OLED technology. Materials such as Silicon and Cadmium are employed in the production of QLED or Quantum Dots. While Silicon is abundantly available, be the 2nd most available element on the Earth, it rarely occurs in a pure form of the element. Cadmium, on the other hand, is a quite toxic element. It is listed in the European Restriction of Hazardous Substance Directives. Carbon nanodots could be used to produce Quantum Dots, but they emit less light. OLED technology deploys thin sheets of glass, plastics, and other metals, which are sandwiched in between electrodes and are easily available and accessible. Hence, OLED technology can be an alternative for QLED technology, which may decrease the market for Quantum Dots technology.
The Asia Pacific region holds a significant market during the forecasted period.
Based on geography, the market is segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The Asia Pacific region is predicted to grow at the fastest rate during the forecasted period. The prime driver of the market in the region is growing technological advancement and innovation. Surging disposable income along with increasing awareness will also drive a significant market. Moreover, the emerging of the region as a manufacturing hub, especially for consumer goods and telecommunication, will significantly impact the market. The developing healthcare sector will also play a key role in the diversification of the market. Especially in the countries such as India, China, Japan, and South Korea.
The North American region is anticipated to hold dominating share of the market, owing to the region's state-of-art infrastructure and early adoption of advanced technology. The European region holds a noteworthy share and is anticipated to grow at a notable rate during the forecasted period.
COVID pandemic and Quantum Dots industry.
The coronavirus pandemic had a positive impact on the Quantum Dots industry, particularly the adoption of Quantum Dots technology in the healthcare sector for early location and treatment of the virus. However, toxic and expensive raw materials used in production may increase the cost of healthcare equipment, increasing the healthcare cost and hence constraining the market.
|Market size value in 2019||US$3.316 billion|
|Market size value in 2026||US$10.843 billion|
|Growth Rate||CAGR of 18.44% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Product Type, Material, End-User Industry, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Nanosys Inc., Quantum Materials Corporation, Quantum Laser, NN-Labs Inc., Crystalplex Corporation, Nanoco Group Plc, Ocean NanoTech, NanoPhotonica|
|Customization scope||Free report customization with purchase.|
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for quantum dots market?
A1. The quantum dots market is expected to grow at a CAGR of 18.44% during the forecast period.
Q2. What will be the quantum dots market size by 2026?
A2. The global quantum dots market is expected to reach a market size of US$10.843 billion by 2026.
Q3. What is the size of global quantum dots market?
A3. Quantum Dots market was valued at US$3.316 billion in 2019.
Q4. Which region holds the maximum market share in the quantum dots market?
A4. The Asia Pacific region expected to hold a significant share in the quantum dots market owing to the growing technological advancement and innovation.
Q5. What factors are anticipated to drive the quantum dots market growth?
A5. The consumer electronics segment of the market is anticipated to provide the huge market potential for quantum dots technology.