Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 60 Billion | USD 475 Billion | 26% | 2023 |
The global display quantum dots market size was evaluated at $60 billion in 2023 and is slated to hit $475 billion by the end of 2032 with a CAGR of nearly 26% between 2024 and 2032.
Display quantum dots are widely utilized in various display equipment such as tablets, smartphones, and PCs. Apart from this, they are tiny semiconductor particles about 2 nanometers to 10 nanometers in size. Moreover, these products display exceptional optical & electronic features that differ substantially from their bigger counterparts. Key product features include high quantum output, size-tunable emission, photo-stability, and a narrow emission spectrum.
Humungous demand for 4K & 8K high-resolution displays to boost the global market trends
Need for excellent image quality and surging demand for high-resolution displays will propel the expansion of the global display quantum dots market. Moreover, the escalating use of high-resolution displays such as 4K and 8K, along with the flourishing gaming & entertainment sectors, is projected to drive the growth of the market globally.
Furthermore, the growing need for improving energy efficiency and minimizing operational prices can create a profitable growth map for the global market. In addition, technological breakthroughs, along with a rise in promotional activities, will prop up the global market surge.
Huge manufacturing prices impede the global industry surge over the analysis timeline
Surging production costs and rising environmental & health concerns are expected to restrict the expansion of the global display quantum dots industry. Furthermore, strict competition from new technologies such as OLED & MicroLED will deter global industry expansion.
Demand for enhancing visual display feels in automotive to generate new growth opportunities for the global market
Coining environment-friendly production processes, along with developing recycling methods for quantum dot materials to reduce ecological impact, will create new growth avenues for the global display quantum dots market. Need to improve visual experiences in automotive displays. along with the demand to improve color accuracy & brightness in car infotainment systems & ADAS, will prop up the market space globally.
Patent issues led to escalating product prices can challenge the global industry upsurge by 2032
Interoperability challenges and a lack of standardization in the production processes can challenge the expansion of the global display quantum dots industry. Moreover, copyright issues leading to high product costs and reduction in innovations can deter the global industry surge. Scarce availability of rare earth metals for developing quantum dots can challenge the global industry elevation.
Report Attributes | Report Details |
---|---|
Report Name | Display Quantum Dots Market |
Market Size in 2023 | USD 60 Billion |
Market Forecast in 2032 | USD 475 Billion |
Growth Rate | CAGR of 26% |
Number of Pages | 228 |
Key Companies Covered | TCL China Star Optoelectronics Technology Co. Ltd., LG Display Co. Ltd, The Dow Chemical Company, Quantum Materials Corporation, Nanoco Group plc, The 3M Company, Sony Corporation, Samsung Electronics Co. Ltd., Sharp Corporation, Nanosys Inc., UbiQD Inc., AUO Corporation, QD Vision Inc., Ocean NanoTech, BOE Technology Group Co. Ltd., Evident Technologies Inc., and others. |
Segments Covered | By Material, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global display quantum dots market is divided into material, application, and region.
In terms of material, the display quantum dots market across the globe is segmented into cadmium-based quantum dots and cadmium-free quantum dots segments. Apparently, the cadmium-based quantum dots segment, which accrued approximately 45% of the global market proceeds in 2023, is predicted to account for the fastest CAGR in the next couple of years as a result of outstanding performance, unique optical features, and high quantum efficacy of the product.
Based on application, the global display quantum dots industry is sectored into televisions, smartphones & tablets, monitors, and automotive displays segments. Furthermore, the televisions segment, which dominated the global industry size in 2023, is likely to contribute noticeably towards the global industry elevation over 2024-2032. This can be due to the extensive use of quantum dots in high-end TVs, thereby improving the latter’s brightness, color accuracy, and contrast features. Surging customer preference for high-quality viewing experience has increased the application of quantum dots in TV production.
Asia-Pacific is projected to maintain leading position in the global market over the analysis timeframe
Asia-Pacific, which accounted for about 656% of the global display quantum dots market size in 2023, is expected to establish a leadership post in the global market during the forecast period.
In addition to this, the regional market progress in the coming eight years can be ascribed to the presence of a strong production base for electronic manufacturers in countries such as Taiwan, China, Japan, and South Korea. A rapid expansion of the consumer electronics goods sector with a surge in demand for high-quality consumer electronics goods such as TVs and display equipment is likely to expedite the regional market progress.
The North American display quantum dots industry is anticipated to register the highest CAGR in the expected timeline. The swift upsurge of the industry in North America can be credited to escalating demand for cadmium-free quantum dots in the production of consumer electronics products such as TVs and display equipment. Adoption of quantum dot systems in customer electronics, along with technological breakthroughs, will steer the industry space in the region.
The global display quantum dots market profiles key players such as:
The global display quantum dots market is segmented as follows:
By Material
By Application
By Region
FrequentlyAsked Questions
Display quantum dots are widely utilized in various display equipment, such as tablets, smartphones, and PCs. They are tiny semiconductor particles about 2 nanometers to 10 nanometers in size.
The global display quantum dots market will grow over the forecast period due to supportive government policies, technological breakthroughs in genetic testing, and enhanced therapeutic interventions.
According to a study, the global display quantum dots industry size was $60 billion in 2023 and is projected to reach $475 billion by the end of 2032.
The global display quantum dots market is anticipated to record a CAGR of nearly 26% from 2024 to 2032.
The North American display quantum dots industry is set to register the fastest CAGR over the forecasting timeframe owing to escalating demand for cadmium-free quantum dots in the production of consumer electronics products such as TVs and display equipment. The adoption of quantum dot systems in customer electronics, along with technological breakthroughs, will steer the industry in the region.
The global display quantum dots market is led by players such as TCL China Star Optoelectronics Technology Co., Ltd., LG Display Co., Ltd, The Dow Chemical Company, Quantum Materials Corporation, Nanoco Group plc, The 3M Company, Sony Corporation, Samsung Electronics Co., Ltd., Sharp Corporation, Nanosys Inc., UbiQD Inc., AUO Corporation, QD Vision, Inc., Ocean NanoTech, BOE Technology Group Co., Ltd., and Evident Technologies, Inc.
The global display quantum dots market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, cash-benefit analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, factor analysis, and value chain analysis. It provides an apt scenario about demand and factor conditions in the country impacting the profitability of the firms in the domestic and international markets.
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