The Global Quantum Dot Display Market size is expected to reach $16.9 billion by 2031, rising at a market growth of 17.6% CAGR during the forecast period.
The North America region witnessed 36% revenue share in the quantum dot display market in 2023. This strong performance can be attributed to the region’s advanced technological infrastructure, high consumer demand for premium electronics, and key market players actively investing in research and development. North American manufacturers are at the forefront of integrating quantum dot technology into consumer electronics, leading to innovative products that resonate with consumers.
The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, In December, 2023, LG Display Co., Ltd. unveiled QNED and QNED Mini LED TVs that offer ultra-large screens, advanced AI-powered processing, and personalized features. The α8 AI Processor boosts performance, Quantum Dot and NanoCell color technologies enhancing AI Picture Pro and Dynamic Tone Mapping Pro for lifelike visuals. AI Sound Pro provides virtual 9.1.2 surround sound, while WOW Orchestra integrates TV and soundbar audio for 3D sound. Moreover, In January, 2024, Sharp Corporation and Nanosys unveiled two QLED(quantum dot light emitting diode) prototype displays, a 12.3" model with 1920×720 resolution and 167ppi, and a 30" model. The NanoLED or QDEL technology offers an extensive color gamut, enhancing color vibrancy and scalability for both small screens and larger TVs while being LCD-compatible.
Additionally, As environmental awareness rises, consumers and businesses increasingly prioritize sustainability in their purchasing decisions. Energy-efficient display solutions, such as these displays, align with these values by providing high-quality visuals while consuming less power than traditional display technologies. This growing emphasis on sustainability drives demand for these displays as consumers seek products that minimize their ecological impact. Governments and regulatory bodies worldwide are implementing stricter energy efficiency standards to combat climate change and reduce carbon emissions. Hence, the rising demand for energy-efficient display solutions is propelling the goth of the market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships & Collaborations.
The Quantum Dot Display Market is highly competitive, driven by technological advancements and innovation. Companies are focusing on enhancing display quality, energy efficiency, and expanding applications in televisions, monitors, and smartphones. Competition intensifies as firms strive for breakthroughs in cost-effectiveness, manufacturing scalability, and environmentally friendly production processes.
The North America region witnessed 36% revenue share in the quantum dot display market in 2023. This strong performance can be attributed to the region’s advanced technological infrastructure, high consumer demand for premium electronics, and key market players actively investing in research and development. North American manufacturers are at the forefront of integrating quantum dot technology into consumer electronics, leading to innovative products that resonate with consumers.
The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, In December, 2023, LG Display Co., Ltd. unveiled QNED and QNED Mini LED TVs that offer ultra-large screens, advanced AI-powered processing, and personalized features. The α8 AI Processor boosts performance, Quantum Dot and NanoCell color technologies enhancing AI Picture Pro and Dynamic Tone Mapping Pro for lifelike visuals. AI Sound Pro provides virtual 9.1.2 surround sound, while WOW Orchestra integrates TV and soundbar audio for 3D sound. Moreover, In January, 2024, Sharp Corporation and Nanosys unveiled two QLED(quantum dot light emitting diode) prototype displays, a 12.3" model with 1920×720 resolution and 167ppi, and a 30" model. The NanoLED or QDEL technology offers an extensive color gamut, enhancing color vibrancy and scalability for both small screens and larger TVs while being LCD-compatible.
KBV Cardinal Matrix - Market Competition Analysis
Based on the Analysis presented in the KBV Cardinal matrix; Samsung Electronics Co., Ltd. is the forerunner in the Quantum Dot Display Market. In June, 2024, Samsung Electronics Co., Ltd. unveiled its 2024 QLED 4K TV series, available in 55", 65", and 75"sizes. Powered by Quantum Processor Lite 4K, it features Quantum HDR, 100% color volume with Quantum Dot and Quantum HDR 4K upscaling, Q-Symphony sound, and Motion Xcelerator for gaming, offering an immersive and premium viewing experience. Companies such as LG Display Co., Ltd., Sony Corporation, and Nanoco Group plc are some of the key innovators in Quantum Dot Display Market.
Market Growth Factors
The rapid evolution of consumer electronics has led to heightened expectations regarding display quality. Consumers increasingly seek devices that offer sharper, more vibrant images with accurate colour reproduction. High-resolution displays, such as 4K and 8K televisions, are becoming the standard, driving manufacturers to incorporate advanced technologies like quantum dots to meet these demands. These displays deliver enhanced colour accuracy and improved brightness, making them highly attractive in the high-resolution industry. Thus, the growing demand for high-resolution displays in consumer electronics is driving the market.Additionally, As environmental awareness rises, consumers and businesses increasingly prioritize sustainability in their purchasing decisions. Energy-efficient display solutions, such as these displays, align with these values by providing high-quality visuals while consuming less power than traditional display technologies. This growing emphasis on sustainability drives demand for these displays as consumers seek products that minimize their ecological impact. Governments and regulatory bodies worldwide are implementing stricter energy efficiency standards to combat climate change and reduce carbon emissions. Hence, the rising demand for energy-efficient display solutions is propelling the goth of the market.
Market Restraining Factors
The production of these displays relies on specialized materials, including cadmium, indium, and other rare elements that are often costly and difficult to source. The prices of these raw materials can fluctuate based on market demand and availability, which can significantly impact the overall production costs. This expense can deter manufacturers from investing in quantum dot technology, limiting the market’s growth potential. Therefore, high production costs associated with quantum dot materials hamper the market's growth.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships & Collaborations.
Driving and Restraining Factors
Drivers- Growing Demand For High-Resolution Displays In Consumer Electronics
- Rising Demand For Energy-Efficient Display Solutions
- Expansion Of The Electronics Industry Worldwide
- High Production Costs Associated With Quantum Dot Materials
- Limited Content Availability For High-Quality Display Technologies
- Expansion Of Digital Signage And Advertising Applications
- Increasing Focus On Customization And Personalization In Consumer Electronics
- High Competition From Alternative Display Technologies
- Lifecycle Management Challenges For Quantum Dot Products
Material Outlook
Based on material, this market is divided into cadmium containing and cadmium-free. The cadmium-free segment procured 49% revenue share in this market in 2023. The rising preference for eco-friendly and safer alternatives, combined with advancements in cadmium-free quantum dot technologies, is driving the growth of this segment. Consumers and manufacturers are becoming more environmentally conscious, likely influencing future market trends.Component Outlook
On the basis of component, this market is segmented into LED, film, and tube. In 2023, the film segment attained 40% revenue share in this market. Quantum dot films are primarily utilized to improve the colour performance of existing display technologies, particularly liquid crystal displays (LCDs). By integrating quantum dots into these films, manufacturers can significantly enhance traditional LCD screens' colour gamut and overall image quality.
Application Outlook
By application, this market is divided into consumer electronics and healthcare. The healthcare segment procured 40% revenue share in this market in 2023. These displays find applications in medical imaging and diagnostics, where precision and clarity are paramount. Providing highly detailed and accurate images is essential for medical professionals, making quantum dot technology valuable.Regional Outlook
Region-wise, this market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Europe region generated 30% revenue share in this market. The European market is characterized by a robust focus on sustainability and eco-friendly technologies, driving interest in cadmium-free quantum dot solutions. Additionally, the growing emphasis on high-quality visual experiences in consumer and professional settings contributes to the region’s expanding quantum dot display market.Market Competition and Attributes
The Quantum Dot Display Market is highly competitive, driven by technological advancements and innovation. Companies are focusing on enhancing display quality, energy efficiency, and expanding applications in televisions, monitors, and smartphones. Competition intensifies as firms strive for breakthroughs in cost-effectiveness, manufacturing scalability, and environmentally friendly production processes.
Recent Strategies Deployed in the Market
- Jun-2023: Samsung Electronics Co., Ltd. announced the partnership with Pantone LLC, an American limited liability company making it the first display panel manufacturer to achieve Pantone Validated status for both Pantone Matching System (PMS) and SkinTone colors. Samsung’s 2023 QD-OLED (Quantum-dot, organic light-emitting diode) panels will authentically reproduce over 2,000 PMS colors and 100+ SkinTone colors, enhancing display accuracy.
- May-2023: Nanoco Group plc announced the partnership with Guangdong Poly Optoelectronics, a company focusing on the research and development, production, and sales of nanomaterials to develop cadmium-free quantum dot products for displays and lighting films. Nanoco will supply its CFQD® quantum dots to the Chinese market, while POE's technology enhances the offering. This collaboration enables eco-friendly solutions for local and global customers.
- Aug-2022: Sony Corporation unveiled the Bravia XR A95K, India’s first QD-OLED(quantum dot organic light emitting diode) TV, featuring a 65-inch 4K display with a Samsung-manufactured panel. It supports 4K gaming at 120Hz, has a Google TV, variable refresh rate, and a versatile stand for soundbar placement.
- Jan-2022: Sony Corporation unveiled its 2022 Bravia XR lineup, featuring its first QD-OLED TV, the Master Series A95K, alongside new Mini LED models. The A95K offers deeper blacks and improved contrast with sizes of 65 and 55 inches, while other models include A90K OLED and A80K OLED TVs.
- Sep-2021: AU Optronics Corporation unveiled an 85-inch 4K TV panel featuring a 240Hz refresh rate. This 31.9" IPS display supports true 10-bit color and uses Quantum Dot technology, covering 96% of the DCI-P3 color space. Its advanced antireflection technology minimizes glare for enhanced viewing.
List of Key Companies Profiled
- Quantum Materials Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- LG Display Co., Ltd. (LG Corporation)
- Sony Corporation
- Nanoco Group plc
- 3M Company
- Sharp Corporation
- AU Optronics Corporation
- Ocean NanoTech, LLC
- NNCrystal US Corporation (Hangzhou Najing Technology Company)
Market Report Segmentation
By Material- Cadmium Containing
- Cadmium-free
- LED
- Film
- Tube
- Consumer Electronics
- Healthcare
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Global Quantum Dot Display Market by Material
Chapter 6. Global Quantum Dot Display Market by Component
Chapter 7. Global Quantum Dot Display Market by Application
Chapter 8. Global Quantum Dot Display Market by Region
Chapter 9. Company Profiles
Companies Mentioned
Some of the key companies profiled in this Quantum Dot Display Market include:- Quantum Materials Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- LG Display Co., Ltd. (LG Corporation)
- Sony Corporation
- Nanoco Group plc
- 3M Company
- Sharp Corporation
- AU Optronics Corporation
- Ocean NanoTech, LLC
- NNCrystal US Corporation (Hangzhou Najing Technology Company)
Methodology
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