Quantum dots refer to semiconductor nanostructures that display unique electronic characteristics between those of discrete molecules and bulk semiconductors, which are partially owing to the high surface-to-volume ratios of these particles. Due to the nanoscale dimensions of quantum dots, the motion of electrons, excitons, or valence band holes is confined in all three spatial directions, imparting quantum dots special electrical and nonlinear optical properties. These quantum electrical characteristics make quantum dots particularly interesting in several electronics applications. The small size of these particles means that electrons do not have to travel as far as they need to in larger particles, resulting in faster operating speeds of electronic devices.
Quantum dots market across the globe has grown impressively in the last few years and is expected to do so in the next few years, even ass key players are starting to look for long-term applications in diverse industries. Quantum dots have been used in a wide range of optoelectronic devices, such as light-emitting devices (LEDs), LCD TVs, photoconductors, solar cells, thermoelectrics, photodiodes, and field-effect transistors, while several quantum solutions have been used in a number of in vitro and in vivo imaging, labeling and sensing techniques.
Key Factors Propelling The Global Quantum Dots Market
The rising demand for quantum dots for resolution and superior performance for tablets, laptops, mobile devices, cameras, and smart TVs is the primary factor driving the global quantum dots market. In addition, the growing need for ultra-power VIsi design and energy efficient technology is anticipated to drive the demand for quantum dots. Further penetration of quantum dots technology in security, defense, and industrial applications is generating potential opportunities. Additionally, quantum dots are being preferred by lighting and display industries, thus driving their demand.
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Healthcare segment accounted for 77.4% of the overall revenue in 2012. However, optoelectronics segment is expected to surpass the healthcare quantum dots market, growing at the fastest CAGR of 71.5% from 2013 to 2023. Superior capabilities in terms of operating life, energy efficiency, and color quality of the emitted light make quantum dots preferred technology to be used in displays and lighting solutions. In addition, unique optical properties exhibited by quantum dots have made them attractive semiconducting material. In terms of products, the QD medical device segment held the highest market share, and was valued at approximately USD 68.5 million in 2012. The QD LED display segment is expected to grow at the highest CAGR of 85.4% from 2013 to 2023 due to tremendous growth expected in optoelectronics segment. North America was the market leader in 2012, and Asia Pacific is expected to be the fastest growing region, with an expected CAGR of 55.4% from 2013 to 2023. The growth in the region is attributed to growing demand from solar energy and optoelectronics application segments.
According to a new market report published by Transparency Market Research “Quantum Dots Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2023,” the quantum dots market was valued at USD 88.5 million in 2011, which is expected to reach USD 8,246.8 million by 2023, growing at a CAGR of 53.8% from 2013 to 2023.
Browse the full Quantum Dots Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2023 report at http://www.transparencymarketresearch.com/quantum-dots.html
Major industry participants include Life Technologies Corporation (U.S.), QD Vision, Inc. (U.S.), Nanosys, Inc. (U.S.), Nanoco Technologies Ltd (U.K.), Ocean NanoTech LLC (U.S), QD Laser, Inc. (Japan), and Quantum Material Corporation (U.S.) among others. The report studies the global quantum dots market, and provides estimates in terms of revenue (USD Million) from 2013 to 2023. Market estimates on the basis of application, product type, and raw materials; have also been provided for each region. The market has been segmented as follows: