The worldwide quantum dots market accounted for a revenue of $961.4 million in 2014 and it is anticipated to develop at a CAGR of 30.4% amid the period 2015 – 2020. The worldwide quantum dots market is expanding because of growing demand for nanotechnology in a few commercial ventures. Quantum dots being one of the proficient advances among its associates, its interest is expanding because of the increasing tablets, smartphones, LED screens market. The expanding urbanization and disposable income are further promising the development of showcase based gadgets, as reception of most recent innovation is turning out to be more moderate.
Taking into account material, the Indium Arsenide (InAs) quantum dots market is required to witness the most astounding development (CAGR of 31.8%) amid the forecast period. Among the application fragments, optoelectronics drove the quantum dots market in 2014 with the market size of $381.6 million. The gadgets business has made huge steps in the late years, which have been ideal for the presentation market also. This has constantly supported the interest for quantum dots. The developing acknowledgment of advanced mobile phones and tablet PCs (PC) have soar the interest for quantum dots.
The advanced cell market is developing at a normal yearly development rate of more than 20%. The tablet PC market then again developed at a CAGR of 52% amid 2011-2013. The development of Organic Light Emitting Diode (OLED) TVs has further laid open doors for the quantum dots. The LED TV market is likewise developing at a normal yearly development rate of 15%. The expanding photovoltaic industry is another vital element for quantum dots market development.
The expanding discretionary cashflow over the globe is urging customers to utilize more number of electronic items to build their comfort level. Nonetheless, in the meantime, the expanding number of electronic gadgets in a family unit is additionally bringing about high power utilization. Since TVs are one of the essential hardware of a family, it is getting better for proper energy utilization. The developed nations have as of now overhauled their cathode beam tube (CRT) TVs and screens with Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TVs and screens. The general population in creating nations are likewise supplanting their CRT based gadgets with new innovation based gadgets, which is hence driving the growth of the quantum dots market.
Be that as it may, certain restrictions, for example, high cost of quantum dots and regularly changing administrative environment for cadmium based quantum dots are thwarting the market development. Expanding innovative work, to bring more effective items, is required to make new interest for quantum dots market amid the estimate period.
The expanding extra cash and rising way of life of individuals in creating nations, for example, China, India, and Brazil, are laying huge growth opportunities for quantum dots market. On the other hand, the greater part of the gadgets based items in Asia-Pacific are produced in Japan, China, and South Korea, and their market in the whole area is growing. The cell phones, tablets, and TV markets in Asia-Pacific have been ascending at high pace; on the other hand, huge underpenetrated country markets exist in the area, which can be cooked sooner rather than later. The developing interest for force in the region is raising the photovoltaic business, which is hence expanding the interest for quantum dots. The expanding interest for vitality effective innovation is additionally boosting the interest for quantum dots market.
The nonstop innovative work directed by quantum dots manufacturers is bringing about up gradation of these materials. With better items, quantum dots industry is required to take care of the rising demand from a few commercial enterprises, for example, gadgets and medicinal services. Case in point, in June 2015, Quantum Materials Corporation presented rough quantum dots that are exceedingly impervious to warmth, oxidation, and dampness. These quantum dots can withstand 150 degree centigrade of warmth for four hours without oxidation execution debasement in the outdoors.
The key organizations working in the worldwide quantum dots market incorporate QD Vision, Inc., Quantum Materials Corporation, Nanosys Inc., QD Laser Inc., Nanoco Group Plc, Invisage Technologies Inc., Ocean Nanotech LLC, and NN-LABS LLC.
News Courtesy: P&S Market Research