Technological advancements and an increasing focus on energy-efficient solutions are driving the quantum dot sensor market.
Globally, the quantum dot sensor market is expected to grow at a CAGR of 12.5% during the forecast period from 2019 to 2027. The increasing demand for energy-efficient sensor technology among consumer electronics is the primary factor accelerating the growth of the market. A quantum dot sensor utilizes minimum energy and captures the maximum portion of an image with high definition and accuracy.
This is encouraging its adoption among consumer electronic products such as smartphones, tablets, and digital cameras. The sensors also offer several advantages over silicon-based sensors, such as higher brightness, higher quality, low cost, and low power consumption, which augment their demand in the market.
The increasing demand for advanced sensor technology with better performance is also a major force propelling the market. The quantum dot sensors offer a higher brightness that is approximately ten times higher than the other semiconductor sensors.
This makes the quantum sensors an ideal choice for a wide array of applications ranging from consumer electronics to healthcare. However, the complex manufacturing process for the development of quantum dot sensors is hindering the growth of the market.
Market Synopsis
The consumer electronics sector is dominating the quantum dot sensor market due to growing demand for high-quality imaging.
The quantum dot sensors market has been categorized on the basis of applications in consumer electronics, aerospace and defense, and the healthcare sector. Consumer electronics are dominating the application segment, holding a share of 45% in the quantum dot sensors market.
The market growth is credited to the growing demand for high-quality image-sensing technology in smartphones and digital cameras. Moreover, the healthcare sector is also estimated to show significant growth during the forecast period. Quantum dot sensors are widely used among medical devices and equipment.
North America is leading the quantum dot sensors market.
North America is dominating the quantum dot sensors market with a market share of more than 50% in 2018. The growth of the market is driven by the early adoption of quantum dot technology in the region. The region is also home to some of the major semiconductor manufacturers, such as Qualcomm and Altair Nanotechnology.
The supportive government initiatives in the region for research and development activities also support the growth of the market. Europe is also one of the prominent regions in the quantum dot sensor market. The growing consumer electronics industry in the region, along with the aerospace sector, is accelerating the demand for quantum dot sensors in the market.
The key vendors operating in the quantum dot sensors market are Ebioscience Inc., Evident Technologies, Altair Nanotechnology Inc., Invisage Technologies Inc., Life Technologies Corporation, LG Display, Microvision Inc., Nanosys Inc., Nano Axis LLC, Nexxus Lighting, Quantum Material Corporation, QD Laser Inc., Samsung Electronics Co., Ltd., Sony Corporation, and Sigma-Aldrich Co., LLC.
Historical and Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The quantum dot sensor market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global quantum dot sensor market based on application and geography. Key segments covered in the report are as follows:
Key questions are answered in this report.
What was the market size of quantum dot sensors in 2018, and what is the forecast up to 2027?
Which is the largest regional market for quantum dot sensors?
What are the major trends followed in the quantum dot sensor market across different regions?
Who are the key companies in the quantum dot sensor market?
What are the key strategies adopted by the leading quantum dot sensor companies on the market?
Unique data points of this report
Statistics on quantum dot sensors and spending worldwide
Recent trends across different regions in terms of the adoption of quantum dot sensors for industries
Notable developments are going on in the semiconductor industry.
Attractive investment propositions for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently Asked Question:
The market for Quantum Dot Sensors Market is expected to reach USD$ XX in 2027.
The Quantum Dot Sensors Market is expected to see significant CAGR growth over the coming years, at 12.5%.
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
Invisage Technologies Inc., Life Technologies Corporation, LG Display, Microvision Inc., Nanosys Inc.are some of the major players in the global market.
