Light Emitting Quantum Dots Are Becoming an Increasingly Popular Choice for Next-Generation Displays

Albany, NY -- (SBWire) -- 09/19/2016 --A recent market research report published by Transparency Market Research, the global quantum dots market stood at US$88.5 milion. Aided by the soaring demand for lighting applications and energy-efficient displays, the market for quantum dots is expected to register an exceptional CAGR of 53.8% during the period from 2013 to 2023 and reach a market value of US$8,246.8 million by the end of the forecast period.

The healthcare industry accounted for a 77.4% share in the overall revenue generated in the global quantum dots market in 2012. However, the market for optoelectronics is likely to surpass the healthcare industry in the near future, expanding at an impressive CAGR of 71.5% over the forecast period.

On the basis of products, the QD medical devices market led the overall quantum dots products market, occupying the biggest share in 2012 and reaching a market value of US$68.5 million. However, the market for QD LED displays is expected to outdo the QD medical devices market, reporting the highest CAGR of 85.4% during the forecast period due to the rapid rise of the optoelectronics industry, fueling the demand for QD LED displays.

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The global market for quantum dots is being driven by the rising demand for energy-efficient display devices and lighting solutions. Light emitting quantum dots are becoming an increasingly popular choice for next-generation displays, as they offer energy-efficient operations, brighter images, and improved color purity. In addition to this, increased demand for quantum dots from the healthcare industry is also expected to positively impact the overall development of the global quantum dots market over the report's forecast period. The rising demand for quantum dots in the healthcare industry can be attributed to the increased applications of quantum dots in specialty fields such as biological imaging, cell tracking, and drug delivery.

Healthcare segment represented the largest quantum dots application segment in 2012. However, optoelectronics segment is expected to exhibit the fastest growth over the forecast period from 2013 to 2023. Their unique optical properties such as high quantum yield, emission tenability, narrow emission band, and optical stability make quantum dots preferred materials for display and lighting solutions. In terms of products, QD medical device was the largest product segment in 2012 owing to dominant healthcare applications. However, with exponential growth forecast in optoelectronics segment, QD LED displays and QD lighting solutions are expected to grow at the fastest growth rate. In 2012, cadmium selenium (CdSe) was the most preferred ram material used in quantum dots. However, with restrictions on the use of cadmium getting more stringent, the use of cadmium free (non-toxic) quantum dots is expected to swell in the coming years.

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North America accounted for the largest market share in 2012, which is expected to lure heavy investment and at the same time high end research is expected to be carried out in the field of quantum dots. In addition, growing demand from optoelectronics segment and regulated demand from healthcare sector in the region has ensured its dominance. The Asia Pacific quantum dots market was valued at USD 22.4 million in 2012, and is expected to be the fastest growing quantum dots market in the coming years. Surging demand from optoelectronics and solar energy applications is the key growth factor for this geography.

Major industry participants include Life Technologies Corporation (U.S.), QD Vision, Inc. (U.S.), Nanosys, Inc. (U.S.), Nanoco Technologies Ltd (U.K.), Ocean NanoTech LLC (U.S), QD Laser, Inc. (Japan), and Quantum Material Corporation (U.S.) among others.