Quantum Dot Market
Added: (Thu Jan 20 2022)
Pressbox (Press Release) -
Market Overview
The Global "Quantum Dot Market" is expected to grow at a high CAGR of 23.0% during the forecasting period (2021-2028).
Quantum dots are the semiconductor nanostructures that confine the motion of conduction band electrons, valence band holes, or excitons in all three spatial directions. The properties of the quantum dots vary as per their shape and material. Quantum dots exhibit the optical and electronic properties that differ from larger particles due to quantum mechanics. Quantum dots are widely used in single-electron transistors, solar cells, LEDs, lasers, single-photon sources, second-harmonic generation, quantum computing, and medical imaging.
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Market Dynamics
The market is driven by the increasing usage of the quantum dot to develop several devices such as flat-panel TV screens, digital cameras, smartphones, gaming consoles, and personal digital assistant (PDA) devices. The quantum dot technology provides several advantages: energy efficiency, ultra-high-definition, low cost, and high brightness. Quantum dots involve using the pure blue backlight and accurate red and green filters to produce a true white light that can be filtered into better-looking colors.
There is an increase in the launch of the devices developed by using the quantum dot. For instance, in January 2020, Samsung Electronics had launched the line-up of QLED 8K and Lifestyle TVs. These products comprised of the 8K AI upscaling capabilities, innovative display orientation technology, and others. Home-ready, modular MicroLED, combines next-generation screen technology with unprecedented customization capabilities. MicroLED models are suited for a variety of homes and lifestyles. Samsung’s flagship Q950TS QLED 8K TV combines a striking, ultra-thin form factor, premium 8K picture quality, and impressive surround-sound audio. Q950TS delivers the best LCD picture quality on the market. It is equipped with the AI Quantum Processor 8K, which has the built-in 8K AI upscaling and deep-learning capabilities that can automatically upscale non-8K content to pristine and true-to-life 8K resolution.
In March 2019, SWIR Vision Systems had launched the shortwave infrared camera, i.e., the Acuros SWIR camera built on quantum dot sensor technology. The camera delivers a higher resolution, lower cost, and global exportability to the vision industry. Acuros SWIR camera has an HD resolution of 1,920 x 1,080 pixels (2.1 megapixels). It uses a 400nm to 1,700nm broadband image sensor with colloidal quantum dot (CQD) thin-film photodiodes fabricated monolithically on silicon readout wafers. The quantum dots are layered directly onto CMOS readout integrated circuits using well-established semiconductor deposition techniques to keep costs down.
Several companies are entering into a collaboration with several organizations, associations, institutes, and foundations for quantum dot technology. For instance, in August 2019, Nanosys, the Quantum Dot company, entered into an exclusive license agreement with Yissum, the Technology Transfer Company of the Hebrew University of Jerusalem, for a
worldwide patent portfolio related to Quantum Dot technology. Under the terms of the agreement, Yissum would grant Nanosys an exclusive, worldwide, sub-licensable, royalty-bearing license to its patented technology for Quantum Dots in a display, lighting, and healthcare applications.
Segment Analysis
– By Product Type
• Display*
• Medical devices
• Solar cells
• Lasers
• Photodetectors/ Sensors
• Lighting (LED)
• Batteries and Energy Storage Systems
• Transistors
• Others
– By Material Type
• Cadmium-Based Quantum Dots*
• Cadmium-Free Quantum Dots
Geographical Presentation
By region, the global quantum dot market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the global quantum dot market to the higher adoption of the quantum dot technology in the production of various devices such as display, medical devices, solar cells, lasers, photodetectors/ sensors, lighting (LED), batteries & energy storage, transistors, and others. There is increasing usage of quantum dot technology for vitro imaging and in-vivo imaging to detect cancer cells. Several manufactures prefer the quantum dot technology for display and lighting solutions due to its benefits of providing optical properties, such as high quantum yield, emission tenability, narrow emission band, and optical stability. There is a large number of market players using quantum dot technology for the development of the products.
Asia-Pacific is expected to grow at the highest CAGR during the forecasted period due to the increasing usage of quantum dot technology to develop technologically advanced products. There is a growing demand for optimized devices with better performance and high resolution. There is increasing research and development activities for quantum dot technology. The growing demand for optoelectronics and solar energy shall stimulate market growth. Several players are shifting their manufacturing base to the Asia-Pacific due to skilled and cheap labor. The increasing domestic income and purchasing power of the people shall stimulate market growth.
Competitive Analysis
The global Quantum Dot market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Nanosys, Samsung Electronics, Nanoco Group, Navillum Nanotechnologies, Ocean Nanotech, Quantum Materials Corp., Nanophotonics, and Crystalplex Corporation are the leading market players with significant market share.
The major players are using product development, novel product launches, capacity utilization, market expansion, and product diversification strategies for holding their position in the market. For instance, In July 2019, Nanosys had increased the production capabilities at Nanosys' 60,000 square foot Milpitas, CA plant to more than 50 tons per year of Quantum Dot materials. The additional production capacity would help meet the growing demand for next-generation Heavy Metal-Free Quantum Dot displays for televisions, monitors, and tablets. The facility is currently producing Quantum Dots at mass-production levels to meet customers' needs for display products on retail shelves.
The companies enter into collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for quantum dot and their expansion across the globe. For instance, in August 2020, Nanosys had entered into the Quantum Dot materials supply and service agreement with Shoei Chemical. Under the terms of the agreement, Shoei Chemical would manufacture Nanosys' proprietary Quantum Dot materials exclusively for Nanosys. Shoei Chemical would be the sole manufacturing partner for Quantum Dots' capacity expansion and heavy metal-free Quantum Dots. The symbiotic relationship enables Nanosys to more than double production volumes in the near term and lowers costs by producing closer to its customers in Asia. This new partnership would allow an uninterrupted supply of Quantum Dot materials due to the geographic separation of manufacturing locations, which has become a requirement for end customers who increasingly rely on this technology for their products.
In August 2019, Nanosys signed a license agreement with Yissum, the technology transfer and research development company of the Hebrew University of Jerusalem, for a worldwide patent portfolio related to quantum dot technology. Under the agreement, Yissum will grant Nanosys a sub-licensable, royalty-bearing license to its patented technology for quantum dot in the display, lighting, and healthcare applications.
In August 2019, Quantum Materials Corp., a leading American nanomaterial & cadmium-free quantum dot manufacturer, acquired Capstan Platform assets, a developer of blockchain technology, to capture new market opportunities by bringing physical and digital platforms together. Quantum Materials Corp. intends to leverage the technologies that Capstan has developed to introduce additional products into new global market verticals shortly.
In April 2018, Nanoco Group had entered into the material development and supply agreement with a large, undisclosed US-listed corporation. Under this agreement, Nanoco would scale-up and mass-produce novel nanoparticles for advanced electronic devices and supply them from its state-of-the-art production facility in Runcorn, United Kingdom. The partner would fund the capital expenditure required to expand Nanoco’s Runcorn facility.
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