Quantum Dot displays are used in biological imaging, renewable energy, optoelectronics, security, surveillance, and quantum optics. In biological imaging, they are used for in-vitro and in-vivo imaging to detect cancer cells. Across optoelectronics, they are used in LEDs for more vivid color ranges. Quantum particles cells are anticipated to be a renewable source of energy in the future.
The increasing demand and requirement for improved display technologies and growing knowledge about energy competent solutions are likely to expand the implementation of quantum dot display products thus acting as a major growth factor for the global market.
Rising demand for consumer electronics devices, medical devices will drive the market. The major factors that drive the growth of the quantum dots display market include an increase in adoption energy-efficient solutions, growth in demand for enhanced display technologies, rise in popularity of consumer electronics devices, a surge in investments in the medical sector, and improved lifestyle of people. While, the increase in popularity of smartphones, tablets, and laptops is expected to drive the growth of the quantum dots display market.
“The Quantum Dot Display Market was valued at USD 2.15 billion in 2018 and it is expected to reach more than USD12.34 billion by 2025, likely to grow with the CAGR of 24.87% during the forecast period.”
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The Smartphones and television displays expected to grow with highest CAGR over 25% during the forecast period .The biggest commercial application of the quantum dot display is in display electronics. The quantum dot display enables the inventions of the new generation of screens that are rich-colored, efficient, and flexible. The quantum dot displays are used in mobiles, tablets, PC monitors, and laptops to achieve improved display. In addition, the device with a quantum dot display uses comparatively less amount of battery. Hence, the quantum dot displays boost the battery life and standby time of electronic devices such as smartphones, tablets, PC monitors, and tablets. Therefore, increase in the popularity of smartphones, tablets, and laptops is expected to drive the growth of the quantum dots display market.
The global quantum dot (QD) display market in North America is likely to dominate the regional share and is projected to develop in the coming years during the forecast period. The U.S. is likely to incorporate momentous demand and requirement for QLEDs due to the early implementation of QD technology. Augmented awareness with regards to health & fitness amongst the inhabitants is presumed to fuel the regional requirement of QDs across bio-imaging and medical applications.
The global quantum dot (QD) display market in the Asia Pacific region is projected to grow considerably over the 25 % CAGR in the coming years due to increasing demand and popularity from optoelectronics market division in the province and radical growth in rapid industrialization in countries such as China and India. The existence of a huge number of electronic display vendors in regions such as Japan and China has optimistically impacted the provincial industry development. Taiwan, China, and Korea are likely to incorporate high-quality infrastructure and low labor costs, which are envisioned to offer momentous expansion opportunities and prospects for several multinationals to invest as well as install QD R&D facilities across the region.
Some of the key players in Quantum Dot Display Market are focusing on technology alliances with other manufacturers in developing innovative quantum dots that offer enhanced displays with lower power consumption. These players include Nanoco Group, QD Vision, Quantum Material Corporation, and Nanosys.
Other companies include QD Laser, NNCrystal U.S. Corporation, Dow Chemical Company, InVisage Technologies, Ocean NanoTech, and Qlight Nanotech.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
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