Perpetually increasing demand for quantum dots-based LED displays is the major factor driving the quantum dots display (QD display) market. The increasing demand can be attributed to the superior characteristics offered by quantum dots in terms of energy efficiency, brightness, and color purity. Furthermore, government regulations promoting the use of energy-efficient products have had a positive impact on technology adoption and market demand.
These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 53.1% from 2015 to 2022. Compliance with government regulations regarding the use of heavy metals in QD production initially posed a challenge to market growth. However, with the introduction of cadmium-free quantum dots, the impact of this challenge is expected to subdue over the forecast period. As a result, the quantum dots display market is expected to reach US$ 3.82 Bn by 2022, expanding at a CAGR of 53.1% during the forecast period from 2015 to 2022.
1.1 Report Scope
This report analyzes the global quantum dots display (QD display) market in terms of raw materials, end-use applications, and geographical distribution. On the basis of raw materials, the market is segmented into cadmium-based and cadmium-less/free raw materials. Similarly, based on end-user, the global quantum dots display (QD display) market is further classified into consumer and healthcare application segments. Finally, the geographical distribution of the global quantum dots display (QD display) market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
1.2 Report Description
Purpose of the Report
The purpose of this strategic research study titled “Global Quantum Dots Display (QD Display) Market- Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global quantum dots display market.
- Industry Investors
- Raw Material Suppliers
- Quantum Dots Manufacturers
- QD-based Product Manufacturers
- Display Manufacturers
USP and Key Offerings
The report titled “Global Quantum Dots Display (QD Display) Market – Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” offers strategic insights into the global quantum dots display market along with the market size and estimates for the duration of 2014 to 2022. The research study extensively analyzes multiple market segments based on raw materials, end-use applications, and cross-sectional studies across different geographies.
The research study helps in better analyzing the quantum dots display market by highlighting competitive insights across different participants involved in the value chain. In order to help strategic decision-makers, the report also includes competitive profiling of the leading quantum dots display manufacturers, their SCOT (Strengths, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:
- Current and future market trends to justify the forthcoming attractive markets within the quantum dots display (QD display) market
- Market fuelers, market impediments, and their impact on the market growth
- In-depth competitive environment analysis
- Value Chain Analysis
- SRC (Segment-Region-Country) Analysis
Overall, the research study provides the following:
- A holistic view of the global quantum dots display market.
- Offering market size and estimates for the period from 2015 to 2022.
- Keeping in mind the above-mentioned factors.
End-use Application Segmentation Analysis
Based on end-use application, the quantum dots display (QD display) market is categorized into the following segments:
- Healthcare (In-vivo imaging, In-vitro imaging, etc.)
The following figure represents the contribution of these end-use application segments to the global quantum dots display (QD display) market in 2014 and 2022.
The consumer application segment covering quantum dots technology in LED TVs, LCDs, wearable electronic devices, and hi-vision security cameras was the largest in the global quantum dots display (QD display) market in 2014. The trend is expected to continue throughout the forecast period 2015 – 2022. This is majorly on account of the heavy research and development in the field of nanotechnology, triggering commercial launches of several QD display products. The leading consumer electronics manufacturers across the globe have begun introducing QD display products and have several related products in the pipeline.
The quantum dot technology has the potential to revolutionize the consumer electronics industry, especially the television market. The display manufacturers compete and differentiate their offerings on the basis of color performance, color tuning characteristics, and energy efficiency offered. Quantum dots offer high picture quality, performance efficiency, and lower power consumption, making them a preferred technology for display products. With the advent of technology, quantum dots are anticipated to find increasing use in smartphones, tablets, and other mobile display devices.
Geography Segmentation Analysis
On the basis of geography, the global quantum dots display (QD display) market is segmented into the following regions and countries.
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
The following figure represents the contribution of different regions to the global quantum dots display (QD display) market in 2014.
As of 2014, the world quantum dots display (QD display) market was dominated by North America (comprising U.S. and Canada), accounting for over 35 percent of the global market revenue. The U.S. was the front runner in quantum dots-related research and thus represented the largest individual quantum dots display (QD display) market worldwide.
In recent years, the region has witnessed heavy investment and related research focusing on the development of advanced nanoparticles capable of being integrated into display units. Over 2015 – 2022, North America is expected to remain the largest quantum dots display (QD display) market. However, Asia Pacific is expected to witness maximum growth, outpacing North America and Europe during 2015 – 2022. This is because the governments in the region’s leading countries are promoting energy-efficient solutions to attain energy self-sufficiency. Such initiatives are expected to stimulate the demand for quantum dots in display products.
Raw Material Segmentation Analysis
Based on raw materials used, the global quantum dots display (QD display) market is segmented into the following categories
- Cadmium-based Raw Materials (Cadmium Selenium, Cadmium Tellurium, etc.)
- Cadmium-free Raw Materials
The following figure represents the contribution of different raw materials to the global quantum dots display (QD display) market in 2014 and 2022.
Cadmium-based raw materials (Cadmium Selenium, Cadmium Tellurium, etc.) are the preferred raw materials used for quantum dots production. In 2014, cadmium-based raw materials accounted for over two third of the global quantum dots display (QD display) market revenue. It is expected to remain the preferred raw material segment during the first half of 2015 – 2022. However, by 2022, cadmium free/less is expected to emerge as the major raw material segment.
With the prohibition on the use of heavy metals (ex- Cadmium and Cadmium-based) in electrical and electronic equipment, cadmium-free/fewer quantum dots are anticipated to witness significant growth over the forecast period 2015 to 2022. Thus, in view of future commercial success, manufacturers across the globe have started producing cadmium-less quantum dots having similar optical properties to cadmium-based raw materials. However, the low quantum efficiency offered compared to cadmium-based raw materials is the only shortcoming of these cadmium-free quantum dots.