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.
For Full Research Report On Quantum Dot Display Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/quantum-dot-qd-display-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.
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https://www.grandviewresearch.com/industry-analysis/quantum-dot-qd-display-market/request/rs1
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
- Latin America
- MEA
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, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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