Quantum Dots Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2023
Albany, NY -- (SBWIRE) -- 02/03/2017 -- A recent market research report published by Transparency Market Research gives a detailed overview of the global market for quantum dots. The report gives an analytical view of the key forces shaping the market's future growth prospects, including the major drivers, challenges, opportunities, trends, regulations and competition, and presents an overview of the projected impact of these factors on the development of the global quantum dots market from 2013 to 2023.The report is titled "Quantum Dots Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2023" and is available on the company website for sale.
The report projects exponential growth for the market over the forecast period and states that the market will develop at an exceptional 53.8% CAGR between 2013 and 2023. If the projections hold true, the market could rise from a valuation of US$88.5 mn in 2011 to US$8.2 bn by 2023.
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Quantum dots refer to semiconductor nanostructures that display unique electronic characteristics between those of discrete molecules and bulk semiconductors, which are partially owing to the high surface-to-volume ratios of these particles. Due to the nanoscale dimensions of quantum dots, the motion of electrons, excitons, or valence band holes is confined in all three spatial directions, imparting quantum dots special electrical and nonlinear optical properties. These quantum electrical characteristics make quantum dots particularly interesting in several electronics applications. The small size of these particles means that electrons do not have to travel as far as they need to in larger particles, resulting in faster operating speeds of electronic devices.
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.
The report examines the global quantum dots market on the basis of the market's segmentation according to product type, raw material, application area, and geography.
Of the major application areas of quantum dots analyzed in the report, the segment of healthcare industry dominated in 2012, accounting for over 77.4% of the global quantum dots market. However, the segment of optoelectronics is expected to surpass the healthcare industry's position in the quantum dots market and expand at a 71.5% CAGR over the report's forecast period.
Of the key product types studied in the report that incorporate quantum dots, the segment of quantum dot medical devices held the largest share in the market. However, over the report's forecast period, the segment of quantum dot LED displays is projected to develop the fastest of all product types, at an estimated 85.4% CAGR, over the report's forecast period.
On a geographical front, Asia Pacific is expected to be the fastest growing regional market for quantum dots over the report's forecast period.
Some of the major vendors in the global quantum dots market are Life Technologies Corporation, Nanosys, Inc., QD Laser, Inc., Ocean NanoTech LLC, QD Vision, Inc., and Nanoco Technologies Ltd.