PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1397922
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1397922
Quantum Dot Display Market Assessment, By Material, By Application, By End-user, By Region, Opportunities and Forecast, 2016-2030F
Global quantum dot display market has experienced significant growth in recent years, with a projected revenue of approximately USD 5.02 billion in 2022, the market is forecasted to reach a value of USD 17.8 billion by 2030, displaying a robust CAGR of 17.1% from 2023 to 2030.
Quantum dot display technology improves color accuracy, energy economy, brightness, and extends display lifespans. These advantages make quantum dot displays desirable to consumers and companies since they provide a better visual experience while lowering environmental impact.
The quantum dot display market is expanding rapidly as a result of rising customer demand for vivid, energy-efficient displays. Additionally, quantum dot technology developments improve performance and cost. The increasing demand for 4K and 8K TVs and the need for high-quality pictures drive market development.
The growing popularity of 4K and 8K televisions fuels the development of quantum dot display technologies. There is an increasing desire for displays that can fully use these high-resolution formats as TV screen resolutions improve. Quantum dot displays are especially well-suited for improved color accuracy and brightness, which are critical for a better viewing experience on 4K and 8K panels. For instance, the US Consumer Technology Association (CTA) forecasted a 70% rise in 8K TV sales in 2022, and a potential 200% increase in 2023, highlighting the relevance of advanced display technologies like quantum dots in satisfying this demand and improving overall visual quality.
Likewise, in January 2023, Shoei Electronic Materials, Inc. and Eyesafe launched Eyesafe QD, which uses breakthrough blue quantum dot technology to prevent blue light toxicity while improving display colors. It is the world's first marketed blue quantum dot solution, as certified by healthcare specialists.
Energy-Efficient Quantum Displays Promote the Market
Improved energy efficiency is an important driver for the quantum dot display market owing to its beneficial ecological impact and cost-saving benefits. Quantum dot displays use less power to generate high-quality, bright images, resulting in lower electricity use. It fits with worldwide initiatives to reduce energy usage and carbon footprints and saves individuals and companies money through lower energy costs. The attraction of quantum dot displays grows as energy efficiency rules tighten and environmental consciousness develops, propelling their adoption in a variety of applications ranging from televisions to digital signs and mobile devices.
For example, in January 2022, SGS certified Samsung Display's QD-Display for genuine color tones, pure RGB brightness, and ultrawide viewing angle, setting new benchmarks for premium content watching.
Display Size and Panel Innovations Fuel the Quantum Dot Display Market
The usage of smaller panels and the diversity of sizes are important drivers in the quantum dot display market. Quantum dot technology enables low-cost production, allowing QLED displays to be produced in a broader range of sizes, including gigantic 98-inch panels. Furthermore, applying QLED technology to big, thin, and flexible LCD panels simplifies shipping and installation while broadening the variety of applications. The adaptability meets a wide range of consumer and industrial demands, propelling the use of quantum dot displays in a variety of settings ranging from home entertainment to commercial displays.
For example, in June 2023, Samsung Display's QD-OLED TV panels in 77, 65, and 55-inch sizes were recognized as the industry's first 'Pantone Validated' and 'Pantone SkinTone Validated,' assuring accurate color reproduction. Pantone is known across the world for its color standards.
Dominance of Cadmium-based in Quantum Dot Display Market
Cadmium-based quantum dots have dominated the quantum dot display market owing to their superior optical characteristics. Cadmium-based quantum dots are a popular choice for display applications because of their great color purity, outstanding brightness, and efficiency. They allow displays to attain a broader color range, more accurate color reproduction, and overall image quality improvements. However, it should be noted that using cadmium in quantum dots creates environmental problems. To tackle it, companies are spending on R&D to find cadmium-free alternatives, assuring the quantum dot display market's long-term growth while keeping high-performance requirements.
For instance, in May 2023, Nanoco Technologies and Guangdong Poly Optoelectronics have teamed together to provide cadmium-free quantum dot materials for displays and lighting films, providing ecologically responsible choices for both Chinese and foreign markets.
North America Dominates Quantum Dot Display Market
Due to strong demand and technical advancements, North America is at the forefront of the quantum dot display market. The region has seen significant expenditures in research and development owing to the presence of prominent industrial giants such as Samsung, Quantum Materials Corp, and Nanosys. Quantum dot displays have gained popularity in North America, considering energy-efficient and bright visual performance, making them increasingly common in consumer electronics and business applications. Furthermore, increased consumer awareness of sustainable and high-quality display technology supports the North American market's leadership position.
Government Initiatives Acting as Catalyst for Quantum Dot Display Market
Impact of COVID-19
Future Market Outlook (2024 - 2030F)
Key Players Landscape and Outlook
Table of Contents
1. Research Methodology
2. Project Scope & Definitions
3. Impact of COVID-19 on Global Quantum Dot Display Market
4. Executive Summary
5. Voice of Customer
- 5.1. Product and Market Intelligence
- 5.2. Mode of Brand Awareness
- 5.3. Factors Considered in Purchase Decisions
- 5.3.1. Features and other value-added service
- 5.3.2. IT Infrastructure Compatibility
- 5.3.3. Efficiency of Solutions
6. Global Quantum Dot Display Market Outlook, 2016-2030F
7. Global Quantum Dot Display Market Outlook, By Region, 2016-2030F
8. Market Mapping, 2022
9. Macro Environment and Industry Structure
10. Market Dynamics
11. Key Players Landscape
12. Case Studies
13. Key Players Outlook
14. Strategic Recommendations
15. About Us & Disclaimer
List of Tables
- Table 1. Pricing Analysis of Products from Key Players
- Table 2. Competition Matrix of Top 5 Market Leaders
- Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
- Table 4. About Us - Regions and Countries Where We Have Executed Client Projects
List of Figures
- Figure 1. Global Quantum Dot Display Market, By Value, in USD Billion, 2016-2030F
- Figure 2. Global Quantum Dot Display Market, By Volume, in Thousand Units, 2016-2030F
- Figure 3. Global Quantum Dot Display Market Share (%), By Material, 2016-2030F
- Figure 4. Global Quantum Dot Display Market Share (%), By Application, 2016-2030F
- Figure 5. Global Quantum Dot Display Market Share (%), By End-user, 2016-2030F
