Quantum Dots - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)
The Quantum Dots Market size is estimated at USD 5.53 billion in 2024, and is expected to reach USD 12.34 billion by 2029, growing at a CAGR of 17.40% during the forecast period (2024-2029).
Quantum dots are nanoscale semiconductor particles that exhibit quantum mechanical properties. These tiny structures, typically composed of materials like cadmium selenide, can absorb and emit light at specific wavelengths, making them valuable for applications in electronics, medical imaging, and displays. Their size-dependent electronic characteristics allow precise control over their optical and electronic properties.
Optoelectronics and Optical Components to Witness Significant Growth
Quantum dot displays have emerged as a promising alternative to traditional liquid crystal displays (LCDs). By incorporating QDs as color-converting materials, these displays can achieve a wider color gamut, enhanced brightness, and improved energy efficiency. Quantum dot-enhanced LCDs deliver vibrant and more accurate colors, making them suitable for high-quality imaging in televisions, monitors, and mobile devices.
Quantum dots have also revolutionized the lighting field, mainly in developing next-generation light-emitting diodes (LEDs). By utilizing QDs as down-converters, white LEDs can achieve higher color rendering index (CRI) values and better color quality. Quantum dot LEDs offer a wider range of colors, improved efficiency, and longer lifetimes than conventional phosphor-based LEDs. These advancements have paved the way for energy-efficient lighting solutions in homes, offices, and urban environments.
LEDs also form a crucial part of the optical fiber communication systems for transmitting data through modulated light; according to IEA, the penetration rate of LEDs into the international lighting market is rising considerably; it is expected to reach 76% by 2025 and 87.4% by 2030, and these LEDs are also telecommunication lasers, vital in transmitting information through optical communication systems.
Nanometer-scale semiconductor devices have been predicted as next-generation technologies with high integration and functionality. Quantum dots exhibit unique properties due to their quantum confinement. These unique properties have brought to light the potential of quantum dots in optoelectronic applications. Numerous efforts have been dedicated to these favorable nanomaterials for next-generation optoelectronic components, such as lasers, LEDs, photodetectors, amplifiers, and solar cells, highlighting enhancing performance and functionality.
Asia-Pacific is Expected to Hold Significant Market Share
China's investments in semiconductor manufacturing and quantum computing research offer potential growth opportunities for quantum dots. Quantum dots have the potential to advance semiconductor technologies and contribute to the development of quantum computers.
China has made huge advances in quantum technologies, particularly in quantum communication. Vachana is behind the United States in some aspects of quantum computing. Its scientists have made eye-catching achievements and are progressing rapidly. In recent years, there have been reports of advancements in quantum radar and quantum sensors, showcasing China's commitment to quantum technology.
The growth of quantum dots in Japan has been driven by significant advancements in quantum dot technology and its application. For instance, researchers at the Photonic Network Research Institute of Japan's National Institute of Information and Communication Technology have developed a new light source technology using high-quality quantum dots. These quantum dots exhibit higher stability and optical frequency than those created using conventional methods, paving the way for potential application in various fields.
Japan's NITC completes research that could allow fiber optics networks to use quantum dots in new areas of the spectrum. Researchers have successfully transmitted optical data in an untapped frequency band by applying a new approach to quantum dot growth, showing the potential to expand fiber optic network capabilities.
Quantum Dots Industry Overview
The quantum dots market is semi-consolidated and has an increasing number of applications, and the level of market penetration is expected to grow during the forecast period. Major vendors have a global presence, which helps them to gain a substantial market share. Key players in the market include Nanosys Inc. (Shoei Electronic Materials Inc.), NnCrystal US Corporation (NN-Labs), Quantum Materials Corporation, UbiQD Inc., Ocean NanoTech., etc. The businesses are leveraging strategic collaborative actions to improve their market percentage and enhance profitability.
The market estimate (ME) sheet in Excel format
3 months of analyst support
Quantum dots are nanoscale semiconductor particles that exhibit quantum mechanical properties. These tiny structures, typically composed of materials like cadmium selenide, can absorb and emit light at specific wavelengths, making them valuable for applications in electronics, medical imaging, and displays. Their size-dependent electronic characteristics allow precise control over their optical and electronic properties.
- Quantum dots exhibit unique optical properties, such as size-dependent fluorescence and the ability to emit specific wavelengths of light. This makes them valuable in applications like displays and lighting, where precise color control is essential. In addition, the unique composition, tunable property, and size of these semiconducting quantum dots make them highly appealing for a wide variety of applications and new technologies.
- In agriculture, it is possible to create light-converting coatings, which are anticipated to increase yield and the speed of maturation of fruit plants in greenhouses. Dutch farmers are increasingly adopting indoor farming, and they can cultivate more crops faster and in a smaller space with advanced greenhouses using LED lights.
- Quantum dot (QD) assisted displays are among the newest technology additions. The adoption is anticipated to grow due to their ability to produce more vivid colors and bring flexibility to modern displays. The unique size-dependent optical, electronic, chemical, and optoelectronic features of QDs make them highly suitable for modern displays owing to their higher power efficiency and wide color gamut with lower barrier protection requirements.
- However, the high costs of lighting solutions have restricted the growth of quantum dot technology to be used only in high-end applications. They are unable to compete with other cheaper technologies, like LEDs. Additionally, technical limitations such as lower contrast ratio and poor viewing angle in comparison to OLEDs also continue to challenge the studied market’s growth.
- The outbreak of COVID-19 has had a notable impact on the growth of the electronics industry. The initial pandemic outbreak disrupted the industry's supply chain, making it difficult for manufacturers to continue their operations in some areas. A pandemic-led growth in the adoption of consumer electronic and computing products drove the demand for display products and LEDs, which was also evident in the quantum dots market. With the adoption of digital solutions anticipated to continue to grow, the market studied will also witness upward growth during the forecast period.
Optoelectronics and Optical Components to Witness Significant Growth
Quantum dot displays have emerged as a promising alternative to traditional liquid crystal displays (LCDs). By incorporating QDs as color-converting materials, these displays can achieve a wider color gamut, enhanced brightness, and improved energy efficiency. Quantum dot-enhanced LCDs deliver vibrant and more accurate colors, making them suitable for high-quality imaging in televisions, monitors, and mobile devices.
Quantum dots have also revolutionized the lighting field, mainly in developing next-generation light-emitting diodes (LEDs). By utilizing QDs as down-converters, white LEDs can achieve higher color rendering index (CRI) values and better color quality. Quantum dot LEDs offer a wider range of colors, improved efficiency, and longer lifetimes than conventional phosphor-based LEDs. These advancements have paved the way for energy-efficient lighting solutions in homes, offices, and urban environments.
LEDs also form a crucial part of the optical fiber communication systems for transmitting data through modulated light; according to IEA, the penetration rate of LEDs into the international lighting market is rising considerably; it is expected to reach 76% by 2025 and 87.4% by 2030, and these LEDs are also telecommunication lasers, vital in transmitting information through optical communication systems.
Nanometer-scale semiconductor devices have been predicted as next-generation technologies with high integration and functionality. Quantum dots exhibit unique properties due to their quantum confinement. These unique properties have brought to light the potential of quantum dots in optoelectronic applications. Numerous efforts have been dedicated to these favorable nanomaterials for next-generation optoelectronic components, such as lasers, LEDs, photodetectors, amplifiers, and solar cells, highlighting enhancing performance and functionality.
Asia-Pacific is Expected to Hold Significant Market Share
China's investments in semiconductor manufacturing and quantum computing research offer potential growth opportunities for quantum dots. Quantum dots have the potential to advance semiconductor technologies and contribute to the development of quantum computers.
China has made huge advances in quantum technologies, particularly in quantum communication. Vachana is behind the United States in some aspects of quantum computing. Its scientists have made eye-catching achievements and are progressing rapidly. In recent years, there have been reports of advancements in quantum radar and quantum sensors, showcasing China's commitment to quantum technology.
The growth of quantum dots in Japan has been driven by significant advancements in quantum dot technology and its application. For instance, researchers at the Photonic Network Research Institute of Japan's National Institute of Information and Communication Technology have developed a new light source technology using high-quality quantum dots. These quantum dots exhibit higher stability and optical frequency than those created using conventional methods, paving the way for potential application in various fields.
Japan's NITC completes research that could allow fiber optics networks to use quantum dots in new areas of the spectrum. Researchers have successfully transmitted optical data in an untapped frequency band by applying a new approach to quantum dot growth, showing the potential to expand fiber optic network capabilities.
Quantum Dots Industry Overview
The quantum dots market is semi-consolidated and has an increasing number of applications, and the level of market penetration is expected to grow during the forecast period. Major vendors have a global presence, which helps them to gain a substantial market share. Key players in the market include Nanosys Inc. (Shoei Electronic Materials Inc.), NnCrystal US Corporation (NN-Labs), Quantum Materials Corporation, UbiQD Inc., Ocean NanoTech., etc. The businesses are leveraging strategic collaborative actions to improve their market percentage and enhance profitability.
- February 2024 - Quantum Solutions announced the booming demonstration of wafer-level deposition of QDot PbS quantum dot n-type ink on a 200 mm silicon ROIC (read-out integrated circuit) wafer. This groundbreaking work highlights the feasibility of producing SWIR (short-wave infrared) image sensors with high throughput on 200 mm wafer platforms, which is essential for large-scale manufacturing of sensors.
- November 2023 - Nanoco Group has signed a new two-year joint development agreement (JDA) with its existing major Asian chemical partner to optimize and scale up the production of Nanoco’s second-generation quantum dot materials for infrared sensing applications. This marks the company’s latest milestone in becoming a commercial provider of nanomaterials to the sensing market and supports its FY24 forecasts.
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Degree of Competition
4.3 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Demand for Quantum Dots in High-Quality Display Devices
5.1.2 Growing Demand for Energy-efficient Solutions
5.2 Market Challenges
5.2.1 Concerns Regarding the Toxicity of Cells in Biological Applications
6 MARKET SEGMENTATION
6.1 By Type
6.1.1 III-V-Semiconductors
6.1.2 II-VI-Semiconductors
6.1.3 Silicon (Si)
6.2 By Application
6.2.1 Optoelectronics and Optical Components
6.2.2 Medicine
6.2.3 Agriculture
6.2.4 Alternative Energy
6.2.5 Other Applications
6.3 By Geography
6.3.1 North America
6.3.1.1 United States
6.3.1.2 Canada
6.3.2 Europe
6.3.2.1 United Kingdom
6.3.2.2 Germany
6.3.2.3 France
6.3.2.4 Rest of Europe
6.3.3 Asia-Pacific
6.3.3.1 China
6.3.3.2 Japan
6.3.3.3 India
6.3.3.4 Rest of Asia-Pacific
6.3.4 Rest of the World (Latin America and Middle East and Africa)
7 COMPETITIVE LANDSCAPE
7.1 Vendor Positioning Analysis
7.2 Company Profiles*
7.2.1 Nanosys Inc. (Shoei Electronic Materials Inc)
7.2.2 NnCrystal US Corporation (NN-Labs)
7.2.3 Quantum Materials Corporation
7.2.4 UbiQD Inc.
7.2.5 Ocean NanoTech
7.2.6 Thermo Fisher Scientific Inc.
7.2.7 Nanoco Group PLC.
7.2.8 NanoOptical Materials Inc
7.2.9 Merck KGaA
7.2.10 Quantum Solutions Inc.
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Degree of Competition
4.3 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Demand for Quantum Dots in High-Quality Display Devices
5.1.2 Growing Demand for Energy-efficient Solutions
5.2 Market Challenges
5.2.1 Concerns Regarding the Toxicity of Cells in Biological Applications
6 MARKET SEGMENTATION
6.1 By Type
6.1.1 III-V-Semiconductors
6.1.2 II-VI-Semiconductors
6.1.3 Silicon (Si)
6.2 By Application
6.2.1 Optoelectronics and Optical Components
6.2.2 Medicine
6.2.3 Agriculture
6.2.4 Alternative Energy
6.2.5 Other Applications
6.3 By Geography
6.3.1 North America
6.3.1.1 United States
6.3.1.2 Canada
6.3.2 Europe
6.3.2.1 United Kingdom
6.3.2.2 Germany
6.3.2.3 France
6.3.2.4 Rest of Europe
6.3.3 Asia-Pacific
6.3.3.1 China
6.3.3.2 Japan
6.3.3.3 India
6.3.3.4 Rest of Asia-Pacific
6.3.4 Rest of the World (Latin America and Middle East and Africa)
7 COMPETITIVE LANDSCAPE
7.1 Vendor Positioning Analysis
7.2 Company Profiles*
7.2.1 Nanosys Inc. (Shoei Electronic Materials Inc)
7.2.2 NnCrystal US Corporation (NN-Labs)
7.2.3 Quantum Materials Corporation
7.2.4 UbiQD Inc.
7.2.5 Ocean NanoTech
7.2.6 Thermo Fisher Scientific Inc.
7.2.7 Nanoco Group PLC.
7.2.8 NanoOptical Materials Inc
7.2.9 Merck KGaA
7.2.10 Quantum Solutions Inc.
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
