Global Industry Insight Quantum Dots Market Development and Demand Forecast to 2020 By P&S Market Research
The global
quantum dots market was valued at $961.4 million in 2014 and it is expected to
grow at a CAGR of 30.4% during the period 2015 - 2020. The global quantum dots
market is increasing due to rising demand of nanotechnology in several
industries. Quantum dot being one of the efficient technologies among its
peers, its demand is increasing due to growing display based electronics
market. The increasing urbanization and rising disposable income are further
encouraging the growth of display based devices, as adoption of latest
technology is becoming more affordable.
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Based on
material, the Indium Arsenide (InAs) quantum dots market is expected to witness
the highest growth (CAGR of 31.8%) during the forecast period. Among the
application segments, optoelectronics led the quantum dots market in 2014 with
the market size of $381.6 million. The electronics industry has made large
strides in the recent years, which have been favorable for the display market
as well. This has continuously boosted the demand for quantum dots. The growing
acceptance of smart phones and tablet personal computers (PC) have skyrocketed
the demand for quantum dots. The smart phone market is growing at an average
annual growth rate of over 20%. The tablet PC market on the other hand grew at
a CAGR of 52% during 2010-2013. The emergence of Organic Light Emitting Diode (OLED)
televisions has further laid opportunities for the quantum dots. The LED
television market is also growing at an average annual growth rate of 15%.
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The report represents research and analysis of data from
various primary and secondary sources. Bottom-up approach has been used to
calculate the global quantum dots market by material and application. The
market numbers for countries are obtained through top-down approach. P&S
Market Research analysts and consultants interact with leading companies of the
concerned domain to substantiate every single data presented in this report. The
primary research is based on discussions with prominent professionals and
analysts in the industry, aided by informed and detailed online and offline research.
The
increasing disposable income and rising standard of living of people in developing
countries, such as China, India, and Brazil, are laying significant opportunity
for quantum dots market. However, most of the electronics based products in
Asia-Pacific are manufactured in Japan, China, and South Korea, and their
market in the entire region is expanding. The smartphones, tablets, and
television markets in Asia-Pacific have been rising at high pace; however,
significant underpenetrated rural markets exist in the region, which can be
catered in the near future.
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The key companies operating in the
global quantum dots market include QD Vision, Inc., Quantum Materials
Corporation, Nanosys Inc., QD Laser Inc., Nanoco Group Plc, Invisage
Technologies Inc., Ocean Nanotech LLC, and NN-LABS LLC.
Quantum
Dots market segmentation
Quantum
Dots by material
·
Cadmium
Selenide
·
Cadmium
Sulfide
·
Cadmium
Telluride
·
Indium
Arsenide
·
Others
Quantum
Dots Market by application
·
Optoelectronics
·
Optics
·
Healthcare
·
Renewable
Energy
·
Security
and Surveillance
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