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Quantum Dots Market to Grow Over $7 Billion by 2022
April 19, 2017 | PRNewswireEstimated reading time: 2 minutes
Research and Markets has announced the addition of the "Global Quantum Dots Market, Analysis and Forecast: 2017-2022" report to their offering. The report has estimated the quantum dots market to grow over $7 billion by 2022 at a CAGR of 46.4% through 2016-2022, with North America leading the market.
The overall semiconductor market is growing at a significant rate and is expected to reach a substantial level by 2022. In the semiconductor market, quantum dots are gaining immense popularity and is expected to grow with a significant rate in the coming years. This is due to the growing demand of quantum dots from developing countries which is providing ample growth opportunities to the quantum dots market. Growing demand of quantum dots in display devices and energy efficiency offered by the technology are some of the major factors driving the growth of quantum dots market. However, slower adoption of the technology and utilization of heavy metals as raw material are restraining the growth of the global quantum dots market.
The ongoing changes in the industry has led the study to incorporate a detailed chapter on the market dynamics including the key driving and restraining forces, along with the opportunities for the global quantum dots market through the forecast period. The market numbers play an important role in the industry, following which a proper market sizing and estimation by materials, by device types, by applications, and by geographical location has been undertaken for the industry.
The report has skillfully identified the potential for further development in the form of product launches, joint ventures, and partnerships among others. The report has also included a separate section of detailed competitive landscape. The recent activities by the key players in this market have also been tracked in the form of company profiles.
Some of the key companies covered in the report are Thermoelectrics, Invisage Technologies Inc., Nanoco Group plc, Nanosys Inc., Nn-Labs Llc, Ocean Nanotech Llc, QD Laser Inc., QD Vision Inc., Quantum Material Corporation, and Merck KGaA.
The US has always been on the forefront of the world map when it comes to technological advancement. Like other disruptive technologies, quantum dots have also extended its roots in the US market. In terms of manufacturing, most of the prominent companies are US based, offering significant impetus to the growth of this market in the US as well as the whole of North America. Even the companies which are not US based have significant presence in the region, either because of their manufacturing facilities or R&D bases. Asia Pacific is still an emerging market for quantum dots technology.
However, the presence of big players in the Asia Pacific market such as Samsung Electronics, Sony Corporation, and LG is expected to push the growth of quantum dots market in the Asia Pacific region.
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