Quantum Dots Market Report 2024

The quantum dots market size has grown rapidly in recent years. It will grow from $4.02 billion in 2023 to $4.63 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%. The growth observed in the historic period can be attributed to several factors, including the environmental benefits offered by quantum dots, increased demand for flexible electronics, rising applications in security systems, growth in the consumer electronics market, and expansion of the automotive display market.

The quantum dots market size is expected to see rapid growth in the next few years. It will grow to $8.17 billion in 2028 at a compound annual growth rate (CAGR) of 15.2%. During the forecast period, growth is expected due to several factors, the expanding use of displays, increasing demand for high-quality imaging, rising deployment of solar cells, broader applications in healthcare, and a trend towards miniaturization. Key trends anticipated include advancements in nanotechnology, a surge in demand for energy-efficient lighting, increased investments in research and development, regulatory backing for nanotechnology initiatives, and emerging prospects in quantum computing.

The quantum dots market is poised for growth, driven by the expanding automotive industry. This sector encompasses the design, production, and sale of vehicles globally, including cars, trucks, and motorcycles, alongside related parts, components, and services. Growth in the automotive industry is spurred by increasing global demand for both personal and commercial vehicles, advancements in electric and autonomous vehicle technologies, and economic expansion in emerging markets. Quantum dots play a crucial role in automotive applications by enhancing the quality, efficiency, and durability of display systems. They provide vibrant and energy-efficient lighting solutions for vehicle interiors and exteriors. For example, global automobile production reached 79.1 million units in 2021, reflecting a 1.3% increase from the previous year, as reported by the European Automobile Manufacturers Association in March 2022. This growth underscores the driving force of the automotive industry behind the expansion of the quantum dots market.

Key players in the quantum dots market are actively innovating with technologies such as QD-OLED (Quantum Dot OLED), aimed at improving display performance across consumer electronics. QD-OLED integrates quantum dots with OLED displays to boost color accuracy, brightness, and energy efficiency, leveraging quantum dots as emissive materials. For instance, Sony Group Corporation introduced its first Quantum Dot OLED smart TV, the Bravia XR A95K, in January 2022. This 65-inch TV represents a significant leap in OLED capabilities by combining quantum dots with traditional OLED technology, enhancing brightness and color richness. The A95K also features a versatile stand design that accommodates various placement preferences, catering to diverse consumer needs from premium performance to budget-friendly options.

In September 2023, Shoei Chemical, a Japanese company specializing in electronics materials, acquired Nanosys' quantum dot business to bolster its presence in advanced materials and quantum dot technology for next-generation displays. Nanosys, a US-based nanotechnology firm, focuses on developing and manufacturing quantum dots and other nanomaterials.

Major companies operating in the quantum dots market are Samsung Electronics Co., Thermo Fisher Scientific Inc., BOE Technology Group Co. Ltd., LG Display Co. Ltd., AUO Corporation, ams-OSRAM International GmbH, Hansol Chemical Co. Ltd., SHOEI CHEMICAL INC., Quantum Solutions Inc., Nanosys Inc., American Elements, Sigma-Aldrich Corp., MicroVision Inc., InVisage Technologies Inc., Nanoco Group Plc, Ocean Nanotech LLC, Qauantum Materials Corp., UbiQD Inc., Altairnano, Life Technologies, Ultra Nano Tec, TCL China Star Optoelectronics Technology Co. Ltd.

Asia-Pacific was the largest region in the quantum dots market in 2023. The regions covered in the quantum dots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the quantum dots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Quantum dots are semiconductor nanocrystals known for their distinctive optical and electronic properties, influenced by their size and composition. Typically composed of materials such as cadmium selenide (CdSe) or indium arsenide (InAs), quantum dots range in size from 2 to 10 nanometers, enabling them to confine electrons in a three-dimensional space.

The primary types of quantum dots include III-V semiconductors, II-VI semiconductors, and silicon. III-V semiconductors are compound semiconductors made from elements in groups III and V of the periodic table. They encompass both cadmium-based and cadmium-free quantum dots, synthesized using methods such as colloidal synthesis, bio-molecular self-assembly, viral assembly, electrochemical assembly, among others. Quantum dots find applications across diverse industries such as consumer electronics, commercial sectors, healthcare, defense, telecommunications, and more. They are utilized in various technologies including medical devices, displays, solar cells, photodetectors, sensors, lasers, light-emitting diodes (LEDs), batteries, energy storage systems, transistors, and beyond.

The quantum dots market research report is one of a series of new reports that provides quantum dots market statistics, including quantum dots industry global market size, regional shares, competitors with a quantum dots market share, detailed quantum dots market segments, market trends and opportunities, and any further data you may need to thrive in the quantum dots industry. This quantum dots market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The quantum dots market consists of sales of displays, lighting, solar cells, sensors, photodetectors, and markers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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