The components of the quantum dot market covered by material include cadmium selenide (CdSe); cadmium sulfide (CdS), cadmium telluride (CdTe), indium arsenide (InAs), silicon (Si) and others. These are divided into verticals that include consumer, commercial, telecommunications, healthcare, and defense. These are used in various applications that include medical devices, displays, solar cells, photodetectors sensors, lasers, LED lights, batteries, energy storage systems, and transistors.
The quantum dot market research report is one of a series of new reports that provides quantum dot market statistics, including quantum dot industry global market size, regional shares, competitors with a quantum dot market share, detailed quantum dot market segments, market trends and opportunities, and any further data you may need to thrive in the quantum dot industry. This quantum dot market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The quantum dot market size has grown exponentially in recent years. It will grow from $7.78 billion in 2023 to $9.8 billion in 2024 at a compound annual growth rate (CAGR) of 26.0%. The growth in the historic period can be attributed to the growth in electronics and display technology, the demand for energy-efficient lighting, the expansion of quantum dot-enabled TVs, adoption in biomedical imaging and diagnostics, and regulatory standards for materials safety.
The quantum dot market size is expected to see exponential growth in the next few years. It will grow to $26.48 billion in 2028 at a compound annual growth rate (CAGR) of 28.2%. The growth in the forecast period can be attributed to customized quantum dot solutions for specific applications, integration of quantum dots in solar cells and LEDs, sustainable and environmentally friendly quantum dots, expansion in quantum computing and quantum cryptography, and the adoption of quantum dots in quantum sensors. Major trends in the forecast period include quantum dot-based quantum computing, regulatory compliance in quantum dot safety, quantum dots in nanomedicine and theranostics, personalized quantum dot applications in healthcare, and transparency in quantum dot sourcing and supply chain.
The quantum dots market is anticipated to experience growth, primarily driven by the increasing demand for smart televisions and mobile phones. Smart televisions, which enable web surfing through an internet-based platform, and mobile phones extensively utilize quantum dots - tiny semiconductor particles or nanoscale crystals with distinctive optical and electronic properties. Notably, Hisense Group, a China-based appliance and electronics manufacturer, reported shipping 24.419 million smart television units worldwide in 2022, with a 12.2% YoY increase in Hisense TV exports abroad. Hence, the surging demand for smart devices, particularly televisions and mobile phones, is a key driver propelling the quantum dots market.
The quantum dots market is also expected to receive a significant boost from the rising demand for consumer electronics. Consumer electronics, designed for daily, non-commercial, or professional use, are increasingly incorporating quantum dots to achieve brighter and more vibrant colors. Notably, data from the Federal Reserve Economic Data reveals that sales of electronics and appliance stores increased from $3,487 million in 2020 to $8,540 million in 2021 in St. Louis. Furthermore, global consumer spending on electronics is projected to reach $505 billion in 2022, a 20% increase from 2020, according to data published by Shopify, a Canada-based e-commerce company. This heightened demand for consumer electronics is a significant factor driving the growth of the quantum dots market.
Innovation remains a key focus for major companies in the quantum dots market, with advancements such as Q-dot technology enabling efficiency values exceeding 200 lm/W, even at high color rendering. Ams Osram, a German lighting company, launched a Quantum Dot LED in October 2021, catering to the growing demand for high-quality and energy-efficient solutions in general lighting.
Strategic partnerships are also shaping the quantum dots market, particularly collaborations aimed at developing low-cost solution-printed microLED and quantum dot materials for advanced displays. In February 2022, Nnaosys, a South Korean nanotechnology company, partnered with Smartkem, a UK-based company, to jointly work on this new generation of display materials. The collaboration aims to combine SmartKem's high-performance organic semiconductor formulations with Nanosys's microLED and quantum dot nano-LED technologies, creating robust, flexible, and lightweight displays with low power consumption.
In September 2023, Shoei Chemical, Inc., a Japanese advanced materials manufacturer, acquired all assets related to the Nanosys quantum dot business. This strategic move is expected to strengthen Shoei Chemical's position in the advanced materials industry, with Nanosys being a US-based nanotechnology company.
Major companies operating in the quantum dot market include Crystalplex Corporation, InVisage Technologies, LG Display Co. Ltd., Nanoco Group PLC, NanoPhotonica Inc., Nanosys Inc., Navillum Nanotechnologies, Nexxus Lighting Inc., NN-Labs LLC, Ocean NanoTech., Osram Licht AG, QD Laser Inc., Quantum Materials Corp., Samsung Electronics Co. Ltd., Sony Corporation, Thermo Fisher Scientific Inc., DuPont de Nemours Inc., 3M Company, Apple Inc., Life Technologies Corporation, Merck Group, Nano Elements Source LLC, Sigma-Aldrich Co., Techinstro and Intelligent Materials Private Limited, RTX Corporation, Silicofeller
North America was the largest region in the quantum dots market in 2023. Asia-Pacific is expected to be the fastest growing region in the quantum dots market share. The regions covered in the quantum dots market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the Quantum Dot market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The quantum dots market consists of sales of cadmium selenide (CdSe) quantum dots, cadmium sulfide (CdS) quantum dots, silicon (Si) quantum dots, indium arsenide (InAs) quantum dots, and other quantum dots. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Quantum Dot Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on quantum dot market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description:
Where is the largest and fastest growing market for quantum dot? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
- Markets Covered: 1) By Material: Cadmium Selenide (CdSe); Cadmium Sulfide (CdS); Cadmium Telluride (CdTe); Indium Arsenide (InAs); Silicon (Si); Other Material 2) By Vertical: Consumer; Commercial; Telecommunications; Healthcare; Defense; Other Verticals 3) By Application: Medical Devices; Displays; Solar Cells; Photodetectors Sensors; Lasers; LED Lights; Batteries & Energy Storage Systems; Transistors; Other Applications
- Companies Mentioned: Crystalplex Corporation; InVisage Technologies; LG Display Co. Ltd.; Nanoco Group plc; NanoPhotonica Inc.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Crystalplex Corporation
- InVisage Technologies
- LG Display Co. Ltd.
- Nanoco Group plc
- NanoPhotonica Inc.
- Nanosys Inc.
- Navillum Nanotechnologies
- Nexxus Lighting Inc.
- NN-Labs LLC
- Ocean NanoTech.
- Osram Licht AG
- QD Laser Inc.
- Quantum Materials Corp.
- Samsung Electronics Co. Ltd.
- Sony Corporation
- Thermo Fisher Scientific Inc.
- DuPont de Nemours Inc.
- 3M Company
- Apple Inc.
- Life Technologies Corporation
- Merck Group
- Nano Elements Source LLC
- Sigma-Aldrich Co.
- Techinstro and Intelligent Materials Private Limited
- RTX Corporation
- Silicofeller
Methodology
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