Quantum Dot Industry worth $23.9 billion by 2029
According to a research report "Quantum Dot Market by Material (Cadmium-based Quantum Dots, Cadmium-free Quantum Dots), Product (Displays, Lasers, Solar Cells/Modules, Medical Devices, Photodetectors/Sensors, LED Products), Display, Vertical and Region - Global Forecast to 2029" The Quantum Dot Industry Size is expected to reach USD 23.9 billion by 2029 from USD 10.6 billion in 2024, at a CAGR of 17.7% during the 2024–2029 period. The major factors driving the growth of the quantum dot industry include the increasing integration of quantum dots in solar cells and surging adoption of quantum dots in image sensors.
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Quantum Dot Industry Segmentation
By Segment, Quantum Dot Industry for Cadmium-free quantum dots is expected to have the largest market size during the forecast period.
Due to the emergence of viable alternatives, manufacturers are transitioning extensively from cadmium-based quantum dots to cadmium-free quantum dots. Cadmium-free quantum dots provide a safer and more sustainable option for both manufacturers and consumers, offering the color benefits that are associated with the technology without the toxicity risks or potential regulatory constraints. These cadmium-free quantum dots are used in displays, lighting/LED products, solar cells, and medical devices which thereby drives the market growth of the cadmium-free quantum dots.
Regional Analysis of Quantum Dot Industry
By Region, Quantum Dot Industry for Asia Pacific is anticipated to register the highest CAGR during the forecast period.
Asia Pacific is expected to project the highest CAGR during the forecast period which is attributed to presence of several established display manufacturers such as SAMSUNG DISPLAY (South Korea), and TCL China Star Optoelectronics Technology Co.,Ltd. (China), along with the surging demand for quantum dots by display manufacturers. Currently, several products are in the pre-commercialization phase, with plans for deployment in batteries, energy storage systems, solar cells, and solid-state lighting solutions in the coming years. As a result, Asia Pacific is expected to lead the quantum dot industry in the near future. Furthermore, accelerating developments and advancements in the quantum dot industry is expected to further drive the market growth in the region.
Key Players
The report profiles key players such as AUO Corporation (Taiwan), BOE Technology Group Co., Ltd. (China), SAMSUNG DISPLAY (South Korea), LG DISPLAY CO., LTD. (South Korea), TCL China Star Optoelectronics Technology Co., Ltd. (China), SHOEI CHEMICAL, INC. (Japan), American Elements. (US), HANSOLCHEMICAL (South Korea), Nanoco Group plc (UK), Avantama AG (Switzerland), NNCrystal US Corporation (US), Ocean Nanotech (US), Quantum Materials Corp (US), Quantum Solutions. (UK), and Merck KGaA (Germany)
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