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Global Industry Insight: Quantum Dots Market Development and Demand Forecast to 2020
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.
Certain restraints such as high cost of quantum dots and ever-changing regulatory environment for cadmium based quantum dots are hindering the market growth. Rural areas in the developing countries are emerging as a potential opportunity for quantum dots market. Increasing research and development, to bring more efficient products, is expected to create new demand for quantum dots market during the forecast period.
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
Quantum Dots Market by application
- Renewable Energy
- Security and Surveillance
Quantum Dots Market by Region
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World (ROW)
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