Dublin, Jan. 31, 2024 /PRNewswire/ — The “Quantum Dot Global Market Report 2024” has been added to ResearchAndMarkets.com’s offering.
The global quantum dot industry is known for its revolutionary impact on display technologies and energy-efficient lighting solutions. It has entered a new era of exponential growth, with the Asia-Pacific sector poised for rapid advancement. This comprehensive quantum dot market report provides detailed insights into this burgeoning sector’s future trajectory.
Illustrating a remarkable forecast, the market is projected to grow from $7.78 billion in 2023 to a robust $9.8 billion by 2024, achieving a Compound Annual Growth Rate (CAGR) of 26%. This report dissects the driving forces of this expansion, such as the rise of quantum dot-enhanced consumer electronics and the escalating need for high-performance semiconductor materials.
Encapsulating the Segmental Analysis:
– This comprehensive framework provides a segmental dissection by material, covering key components like cadmium selenide (CdSe), cadmium sulfide (CdS), silicon (Si), and indium arsenide (InAs).
– It breaks down the market by verticals, including consumer electronics, healthcare, and defense, signifying the multidimensional applications of quantum dots.
– Additionally, an exploration of uses for quantum dots in medical devices, LEDs, and transistors is available, underlining their versatility.
Heading towards an auspicious horizon, the market valuation is projected to swell to $26.48 billion by 2028, cruising at a CAGR of 28.2%. This forward-looking analysis positions quantum dot solutions at the forefront of innovation, with custom solutions and integrations into solar cells and LEDs cited as key growth pillars.
Driving Demand in Consumer Electronics and Telecommunications
Augmenting the quantum dots market size, the report highlights significant demand upticks in smart television and mobile phone verticals across the globe. Such demand is propelling technological advancements, such as Q-dot technology in lighting, demonstrating efficiency values surmounting 200 lm/W with exquisite color rendering.
Equally essential are strategic corporate maneuvers, such as pivotal partnerships shaping the industry landscape. For instance, recent collaborations center on developing cost-effective, solution-printed microLED and quantum dot materials, paving the way for next-gen display technologies.
Furthermore, the acquisition of Nanosys’s quantum dot business by Shoei Chemical, Inc., marks a strategic consolidation within the industry, destined to amplify the advanced materials sector.
Regional Insights:
– North America emerged as the largest market in 2023, with substantial contributions to the quantum dot landscape.
– However, Asia-Pacific is forecasted to be the swiftest growing region, endorsed by burgeoning demand for quantum dot technologies.
With quantum dots’ impressive properties captivating an array of industries, from consumer electronics to healthcare, the detailed analysis within this report showcases the vital market insights needed to understand current dynamics and anticipate future developments in the quantum dot sector.
Report Scope
– Markets Covered
– Countries
– Regions
– Time series
– Data segmentations
Companies Profiled
– Crystalplex Corporation
– InVisage Technologies
– LG Display Co. Ltd.
– And many others
For more information about this report visit https://www.researchandmarkets.com/r/6yz3mk
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