Quantum dots display: Key market research findings
- Rise in demand for 4k UHD TVs
- Growing domination of UHD TV
Technavio has released a new market research report on the global quantum dots display market, which is expected to generate revenues worth $2 billion between 2016 and 2020. Increase in the use of quantum dots in various applications like healthcare, display, LED lighting, and solar cells is boosting the growth of the global quantum dots market. APAC dominates the global market for quantum dots displays, accounting for 92% of the total market share. The presence of prominent UHD TV manufacturers, such as LG Electronics, Panasonic, Samsung Electronics, Sharp, and Sony, in the APAC region is expected to account for its high market share during the forecast period.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the increasing demand for 4k UHD TVs is one of the latest trends in the global quantum dots market. Due to the recent increase in the number of UHD content providers across the globe, the demand for 4k UHD television is on the rise. Its high picture clarity, wide field of view, and extended color pallet are estimated to augment the adoption of UHD TVs over the next few years. Samsung, LG, Panasonic, and Sharp are the major vendors who are developing UHD TVs integrated with quantum dot technology,” says Navin Rajendra, Industry Manager, Hardware & Semiconductor, Technavio Research.
UHD TV segment dominates the quantum dots market, accounting for 98% of the overall market revenue. Several TV manufacturers are collaborating with quantum dot suppliers to bring wide-color-gamut technology to mainstream TVs. UHD alliance is a major factor driving this segment’s growth, where TV manufacturers such as Samsung, Sony, Panasonic come together with content providers such as Disney, Fox, Netflix. This alliance aims to offer superior visual content, driving the demand for high resolution and rich color display TVs.
The leading vendors in the global quantum dots display market include QD Vision, Quantum Materials, Nanoco, and Nanosys. This market is still in its nascent stages and is primarily dominated by key vendors like QD Vision and Quantum Materials. Since this market has immense growth opportunities, many new vendors are entering this market, which in turn is leading to intense competition among these vendors.
A more detailed analysis is available in the Technavio report, Global Quantum Dots Display Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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