The
global quantum dot display market size is expected to reach USD 3.96 billion by
2022 according to a new report by Grand View Research, Inc.
Increasing
awareness regarding energy-efficient displays is expected to boost global
quantum dot display market growth. Surge in demand for advanced QLED powered
TVs has propelled industry growth.
Advancements
in quantum dot (QD) technology have made them useful for television
manufacturers giving them a competitive edge in the industry. Creating better
color with color tuning features has become a key selling point for display
manufacturers. Moreover, adoption of QDs is expected to increase in smaller
displays such as in smartphones and tablet devices owing to its capabilities in
creating sharp crisp displays.
Cadmium-containing
semiconductor-based QDs exhibit superior performance as compared to their
cadmium-free counterparts. However, the toxic nature of such heavy metals has
raised environmental concerns. Regulations in EU and Japan restrict the use of
cadmium, compelling vendors to focus on the development of Cadmium Free Quantum
Dots (CFQD). Manufacturers offering high-performance cadmium-free QDs in
adequate volumes are expected to gain competitive advantage in the market
moving forward.
In depth research report on Quantum Dots Market
Further key findings from the report suggest:
·
QD based LEDs or QLEDs segment
dominated the global quantum dot display industry accounting for over 45% of
the market share in 2014. QD LED technology enables OEMs to manufacture UHD TVs
with enhanced color gamut as compared to OLED UHD TVs, at reduced costs and
improved energy-efficiency. In 2014, Samsung progressed from conventional UHD
OLED TVs to QD-based LED 4K TVs to evade high development costs. Competitor TV
companies such as Panasonic, LG,and Sharp have started developing UHD TVs
incorporating QD technology, thereby driving the industry’s growth prospects.
·
QDs are made up of binary
compounds such as cadmium selenide, cadmium sulfide, cadmium telluride, and
indium arsenide. However, toxicity of cadmium and global environmental
regulations like the Restriction of Hazardous Substances (RoHS) Directive and
the Toxic Substances Control Act have limited the amount of heavy metals such
as cadmium, lead, and mercury that can be used in consumer electronic devices
resulting in increased production of CFQD technology, and opened the doors for
OEMs to use QDs in a variety of consumer electronic display devices.
·
Consumer electronics segment
dominates the QD display market accounting for over 70% of the revenue share
owing to increasing use of this technology in TVs and mobile devices. In
healthcare, such display technology is extensively used in activities such as
cancer diagnosis, DNA labeling, cellular labeling, and biological imaging.
·
North America dominated the
global quantum dot display industry acquiring over 40% of the overall global
revenue share in 2014. Key QD manufacturers in the industry are based in the
U.S. owing to extensive R&D spending over advanced QD display technologies
and high production capacities.
·
Key industry participants
include Dow Chemical, Nanoco Group, Nanosys, and Quantum Material Corporation.
In addition to these, consumer electronic giants such as LG and Samsung are
making joint efforts to develop and encourage the use of CFQD, with the latter
already incorporating such advanced technology in its SUHD TV models.
Grand
View Research has segmented the global quantum dot display market on the basis
of component, material, application, and region:
Quantum Dot Display Component Outlook (Revenue, USD
Million, 2012 - 2022)
·
Tube
·
Film
·
LED
Quantum Dot Display Material Outlook (Revenue, USD
Million, 2012 - 2022)
·
Cadmium-containing
·
Cadmium-free
Quantum Dot Display Application Outlook (Revenue,
USD Million, 2012 - 2022)
·
Consumer Electronics
·
Healthcare
Quantum Dot Display Regional Outlook (Revenue, USD
Million, 2012 - 2022)
·
North America
·
Europe
·
Asia Pacific
·
RoW
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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