Quantum Dots Market (Product Type - Inorganic Quantum Dots Market, Carbon-based, Perovskite, and Quantum Dot Kits; Material - Cadmium Selenide, Cadmium Sulphide, Cadmium Telluride, Indium Arsenide, and Others; Application - Healthcare, Medicine, Electronics and Energy, Agriculture, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the quantum dots market provides an in-depth analysis of segments and sub-segments in the global as well as regional quantum dots market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional quantum dots market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global quantum dots market. According to the report, the global quantum dots market is projected to grow at a CAGR of about 24% over the forecast period of 2022-2028. 

Market Insight

The global quantum dots market was valued at more than USD 4572 Million in 2022 and is expected to reach nearly USD 16670 Million in 2028, with a CAGR of over about 24% during the forecast period. Quantum dots are basically used for optical applications because of their pure colors, and brightness coupled with their capability to emit several colors. Features such as long lifetimes, high extinction coefficients, and high efficiencies are driving the growth of the market during the forecast period. The growth of the market is attributed to the increasing utilization by various industries to tune the wavelength of the light emitted as per the requirements. Quantum dots central topic in nanotechnology. The composition and shape of the particles make them extremely suitable for display manufacturing and several other commercial applications. Furthermore, the increasing technological advancements in the industry because of the rising end-user applications of the technology will propel the market growth during the forecast period. 

Increasing demand for quantum dots in high-quality display devices is a major driving factor for market growth. The huge utilization of QDs is in the quantum dot enhancement film layer to improve the backlighting in LCD televisions. With the utilization of quantum dots, pure colors can be generated. It creates a considerably wider color gamut. Furthermore, superior energy efficiency is achieved, for the LCD TV owing to which quantum dots will gain importance during the forecast period. Moreover, the increasing need for energy-efficient solutions globally is augmenting the market growth. The exceptional major advantages of Quantum dots like higher stability even in harsh environmental conditions, narrow emission bands, optical stability, and emission tenability are influencing the demand of several end-user industries during the forecast period. Additionally, growing demand for high-resolution and large displays will create ample growth opportunities during the forecast period. However, quantum dots have some disadvantages when used for various applications. The rising use of heavy and toxic metals damages human health and the environment. Cadmium is the utmost efficient raw material used to manufacture quantum dots. Cadmium harms human health and pollutes the environment. Thus the adverse effects of the raw materials used to manufacture quantum dots will hamper the market growth. 

Geographically, the quantum dots market in North America is growing at a faster rate in the region due to the increasing demand for advanced technology by consumers. Increasing demand for solar energy and optoelectronics applications is the major driving factor for the market in the North American region. Exceptional optical properties, like narrow emission band, optical stability, high quantum yield, and emission tenability, are making quantum dots most useful for lighting and display solutions. Due to these factors, the growth of the region will be bolstered in the region. Furthermore, the Asia Pacific region is expected to hold a significant share of the market during the forecast period. Increasing demand for high-quality digital devices by customers and the involvement of various organizations and universities in the Research and Development of the technology are majorly driving the market growth in the Asia Pacific region. 

Segment Covered

The report on the global quantum dots market covers segments such as product type, material, and application. On the basis of product type, the sub-markets include the inorganic quantum dots market, carbon-based quantum dots market, perovskite quantum dots market, and quantum dot kits. On the basis of material, the sub-markets include cadmium selenide, cadmium sulphide, cadmium telluride, indium arsenide, and others. On the basis of application, the sub-markets include healthcare, medicine, electronics and energy, agriculture, and others. 

Companies Profiled:

The report provides profiles of the companies in the market such as Quantum Materials Corp, Merck KGaA, QLight Nanotech, Thermo Fisher Scientific, Nanosys Inc., Nanoco Group Plc., Ocean nanotech LLC, Samsung, CrystalPlex, and Osram Licht AG. 

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the quantum dots market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.