The global quantum dots market was valued at USD 190 million in 2016 and is expected to surpass reach around USD 9,980 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global quantum dots market, under its embedded systems portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like QD Vision, Quantum Materials, Nanoco, and Nanosys.
According to Sharan Raj, a lead analyst for embedded systems research at Technavio, “Global environmental regulations such as restriction of hazardous substances, registration, evaluation, authorization and restriction of chemicals, and Toxic Substances Control Act have kept the limitation on the amount of cadmium, mercury, and lead that can be used in consumer electronic devices. Such developments are spurring an increase in the production of cadmium-free quantum dots, which provides ample opportunity for quantum dots to be used in a variety of consumer electronic display devices.”
Quantum dots that are produced from binary compounds such as cadmium selenide, cadmium sulfide, cadmium telluride, and indium arsenide contain cadmium, which is toxic. Quantum dot manufacturers, such as Nanoco, Nanosys, and Quantum Material, and OEMs, such as Samsung, LG, and others, are also making a concerted effort to push cadmium-free dots. Samsung has incorporated cadmium-free quantum dot technology in its SUHD TVs.
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Growing need for more bright, vibrant, and high-resolution displays
The increase in functionalities and the number of applications that run on smartphones is compelling manufacturers to incorporate high-resolution display in these devices. As of 2016, we have smartphones and tablets that employ 5.5-inch to 7-inch QHD screens with 538 PPI or greater available in the market. Some of the display technologies that have been incorporated by OEMs in smartphones, UHD TVs, and tablets are AMOLED, LCD, OLED, and super AMOLED.
Increased adoption in optoelectronics
Sony and Samsung are developing quantum-dot-based 4K, and 8K LED LCD TVs. Quantum dots are also popular in optoelectronic devices such as telecom components and lasers to increase their efficiency. As of 2016, the adoption of quantum dots in optoelectronics is low but is anticipated to grow in tandem with the increase in product developments.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Quantum Dots Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Display Market for Retail Applications 2016-2020
- Global Automotive Display System Market 2017-2021
- Global AMOLED Display Market 2016-2020
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