Quantum dots are Nano-order crystals of a semiconducting material with diameters ranging from 2-10 nanometers. The electronic characteristic of quantum dots is determined by their shape, size, and chemical composition. This technology has the capability to change light into any color in a visible spectrum with greater efficiency. The unique composition tunable electronic property and size of these semiconducting materials makes them very appealing for a variety of applications. Quantum dots are increasingly used for targeting, biological imaging, display, monitor and detection applications. Demand for electronic devices integrated with narrow band of frequency spectrum of light and better resolution quality is further expected to drive the demand for quantum dot display products.
Advancements in QD technology to specifically convert and tune a spectrum of light have made them useful for television manufacturers, giving them a competitive edge in the LCD display industry. Moreover, in smaller displays such as in tablet devices and smartphones, adoption of QDs is expected to increase owing to its capabilities in creating effective displays.
Quantum dot ensures less power consumption than LCD displays and OLED due to its electronic property and narrow color-band frequency emission. Major players in television manufacturing are developing Quantum Dot-based devices, reducing the cost in comparison to emerging OLED technology.
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Rise in volume driven display devices and utility in multiple consumer electronics devices such as tablets and mobile phones is increasing the demand for display devices, which is a major factor driving the global Quantum Dot display market. Further, lighting and display equipment manufacturers are willing to introduce QD based products, which is currently the major factor for quantum dot display market growth.
Over the past few years, this technology has undergone critical changes in terms of material used to manufacture the displays. The toxic nature of Cadmium-containing semiconductor-based QDs has raised environmental concerns. Due to rising concerns, manufacturers producing high-performance cadmium-free quantum displays in ample volumes are expected to gain considerable advantage in the market.
The global Quantum Dot (QD) display market is segmented on the basis of component, material, composition, and application. Based on component type, the market can be segmented into tube, film, and LED. Segmentation based on material is Cadmium-containing and Cadmium-free Quantum Dots. On the basis of composition, quantum dots can be classified as Core-type Quantum Dots, core-shell Quantum Dots, and alloyed Quantum Dots. Further, based on application, the Quantum Dot (QD) display market can be segmented into consumer electronics and healthcare.
Geographically, Asia Pacific is expected to witness high growth in the QD display market owing to growing demand for optoelectronics in the region. Further, in countries such as Japan and China, presence of numerous electronic display vendors has positively impacted the regional industry growth. North America and Europe are also expected to contribute to the growth of this market. The U.S. incorporates significant demand for QLEDs owing to early adoption of QD based display devices. Moreover, the country is also expected to contribute high levels of research work for emerging technologically enhanced nanoparticles and their integration across display devices, as well as large business investment for this technology. Due to increased awareness concerning health and fitness among the population, demand for QDs across bio-imaging and medical applications is anticipated to increase. Furthermore, adoption of advanced technologies in these regions is also anticipated to foster the demand for quantum dot display devices over the forecast period.
Growing demand for innovative quantum dots that offer enhanced displays having low power consumption is encouraging various companies to form technology and strategic alliances with other manufacturers. Key players in the global Quantum Dot display market are Nanoco Group, Sony Corporation, NN Crystal Corporation, QD Vision, Quantum Material Corporation, Nanosys, Dow Chemical Company, QD Laser, Ocean Nanotech, InVisage Technologies, Qlight Nanotech, Samsung Electronics Co., Nexxus Lighting Microvision Inc., and Evident Technologies.