The Quantum Dot Market is anticipated to grow at a CAGR of 16.2% from 2021 to 2026, from USD 4.0 billion to USD 8.6 billion.
Some of the key drivers for the worldwide quantum dot market are the increasing demand for quantum dots in displays, the benefits of quantum dots over traditional displays, and the wide range of uses for quantum dots.
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The quantum dot market will experience the highest growth throughout the anticipated timeframe for cadmium-free quantum dots.
The increased cadmium content in electronic items is harmful to human health. Cadmium concentrations must be kept within acceptable ranges for regulatory clearances even in quantum dots. However, in order to produce quantum dots, producers are increasingly turning to acceptable alternatives to cadmium. The market is anticipated to increase as a result of the rising demand for cadmium-free quantum dots.
The quantum dot market will be dominated by quantum dot displays between 2021 and 2026.
Quantum dots are ideal for displays due to their high luminous efficacy, great brightness, and low power consumption. Quantum dot displays have a longer lifespan than conventional displays because they can withstand moisture more effectively. As opposed to conventional displays, quantum dots don't have burn-ins because they are made of inorganic materials. One of the main factors influencing the development of quantum dot displays is their many benefits.
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During the anticipated time, the quantum dot market will be dominated by Asia Pacific.
The largest portion of the worldwide quantum dot market is held by Asia Pacific. The presence of numerous well-established display manufacturers, the rising number of market participants and research organisations engaged in R&D activities related to quantum dot technology, the continuing advancements in the display ecosystem, and the rising demand for quantum dot displays are the key factors propelling market growth.
Key players including Samsung Electronics (South Korea), Nanosys (US), Nanoco Group (UK), NNCrystal US Corporation (US), QD Laser (Japan), Merck Group (Germany), NanoPhotonica (US), OSRAM Licht (Germany), Crystalplex Corporation (US), LG Electronics (South Korea), and DuPont (US).
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