- Press Release -

A latest revamped report published by Fact.MR projects that the quantum dot display market is expected to grow at a CAGR of 33% from 2022 to 2032, reaching US$ 69.79 Bn by the end of the aforementioned forecast period. The market has gained popularity on the back of the growing need to incorporate enhanced screen visibility across various gadgets.

Over the last few years, the quantum dot displays market has been steadily expanding, with a documented CAGR of over 30% from 2017 to 2021. Fluorescent quantum dot displays have been particularly used in a variety of electronics and healthcare applications. The market experienced some downswings during the COVID-19 pandemic, as shortage of raw materials such as cadmium were experienced due to cessation of manufacturing activity.

Growing demand in downstream markets for energy-efficient display panels such as televisions, smartphones, tablets, personal computers and other electronics has forced OEMs and display manufacturers to build state-of-the-art displays capable of delivering maximum energy efficiency and increasing color quality. Hence, the future looks bright for quantum dot display providers.

Key Takeaways from the Market Study

• By application type, quantum dot displays for television is likely to yield absolute opportunity worth US$ 7.2 Bn
• Quantum dot displays for medical devices are expected to surge at a whopping 47% CAGR
• North America to accumulate 40% of the global quantum dot display market revenue
• Asia Pacific to be the fastest growing market for quantum dot displays, growing at a 32% CAGR
• Global quantum dot display market likely to be valued at over US$ 4 Bn as of 2022

“The adoption of quantum dot displays in several downstream applications will balloon exponentially, irrespective of the environmental implication it carries.” says the Fact.MR analyst.

Competitive Landscape

The quantum dot display market is consolidated with a few prominent manufacturers namely Samsung Electronics Co. Ltd., LG Display Co. Ltd., Sony Corporation, Sharp Corporation and CSOT (China Star Optoelectronics Technology), acquiring a share of more than 70%. Prominent developments are as follows:

• In October 2019, Samsung invested US$ 11 Billion in the world’s first dedicated quantum dot display manufacturing facility. Beginning in early 2021, the new production unit is set to operate with a monthly capacity of 30,000 quantum dot display substrates.
• In January 2019, Hewlett-Packard announced the launch of world’s first quantum dot display on glass. The company also launched its new range of “Pavilion 27” monitors with quantum dot display.
• In February 2019, Nanosys demonstrated its revolutionary quantum efficiency for heavy metal-free red, green, and blue QDEL systems, and successfully printed displays in their laboratories using ink jet technology. This is a major advance in quantum dot engineering of the next decade

More Insights Available

Fact.MR, in its new offering, brings to fore an unbiased analysis of the global quantum dot display market, presenting historical demand data (2017-2021) and forecast statistics for the period, 2022-2032.

The study divulges compelling insights on the quantum dot display market on the basis of material type (cadmium containing, cadmium free), application type (television, monitor, notebook, tablet, smartphone, medical devices) across five major regions (North America, Latin America, Europe, APAC and Middle East & Africa).

Fact.MR’s Domain Knowledge in Technology

Our ICT consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the ICT sector. Our expertise in recognizing the challenges and trends impacting the global ICT industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.

For more information, refer to our market research report or contact the PR author.

Santosh Kumar

Fact.MR

Sr. Consultant – ICT

E-mail: santosh@factmr.com