Promising Adoption of Cutting Edge Gadgets to Grow the Quantum Dot Display Market Beyond US$67.79 Billion by 2032

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NEW YORK, February 22, 2022 /PRNewswire/ — The global quantum dot display market is expected to reach a value of approximately US$4.03 billion in 2022. Growing application of quantum dot display in TV screen industry is expected to drive the market.

According to Fact.MR, global quantum dot display sales are expected to exceed $69.79 billion by the end of 2032. The demand in the global quantum dot display market is poised to grow at a CAGR of 33% during the forecast period (2022-2032).

With the growing need for better screen visibility in various gadgets, the focus on display quality has increased. For this reason, the global quantum dot display market will grow more than 17 times between 2022 and 2032.

The demand for energy-efficient display panels in TVs, tablets, smartphones, personal computers and other electronic devices is expected to encourage OEMs and display manufacturers to develop cutting-edge quantum dot displays.

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Subsequently, the growing demand for large screens with high resolution to enhance the viewing experience is expected to create an environment conducive for the growth of the market.

Additionally, the growing presence of technology vendors and growing investments by aerospace and defense and government agencies in research and development (R&D) of machine learning technology are expected to drive growth.

In addition to this, the increasing emphasis of display companies on the production of 4K and 8K is expected to drive the adoption of quantum dot displays worldwide. Strict government regulations regarding the use of cadmium in quantum dot displays will also increase sales of cadmium-free quantum dot technology.

Report attributes

Details

Base year value (2021A)

US$3.1 billion

Estimated annual value (2022E)

US$4.03 billion

Projected year value (2032F)

US$69.79 billion

World growth rate (2022-2032)

CAGR 33%

Key points to remember:

  • Asia Pacific quantum dot display market is expected to register growth at a CAGR of over 32% during the forecast period.
  • Based on applications, the TV segment is expected to generate a market valuation of US$7.2 billion.
  • North America is expected to hold nearly 40% of the overall market share due to the growing demand for QLED and advancements in technology.
  • In terms of material type, the cadmium-free quantum dot segment is expected to dominate the market owing to its performance, safety, and environmental benefits.
  • Sales of quantum dot displays in Medical equipement expected to grow at a staggering CAGR of 47% through 2032

Growth drivers:

  • Growing social media and internet penetration among millennials is supporting the demand for TVs and smartphones, propelling sales in the quantum dot display market.
  • The growing demand for energy efficient technologies in developing regions such as China and India is expected to drive the quantum dot display market.

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Competitive Landscape:

The quantum dot display market manufacturers are focused on adopting numerous marketing strategies such as mergers and acquisitions, collaborations, partnerships, and joint ventures.

Some of the key players are focusing on improving their manufacturing processes to expand their presence in the market. They also incorporate advanced technologies such as artificial intelligence to expand their product portfolio to gain a competitive edge in the industry.

For instance,

  • In January 2022Samsung and Sony announced the launch of Quantum Dot Display-OLED technology with the most vivid and vibrant colors to improve color accuracy in products.
  • In June 2021LG has unveiled its first OLED TV and a new range of Quantum Dot miniLED TVs for improved color and brightness.

Top Companies Featured by Fact.MR

  • Samsung Electronics Co.Ltd.
  • LG Display Co.Ltd.
  • Sharp Corporation
  • TCL China Star Optoelectronics Technology Co. Ltd.
  • Nanosys Inc.
  • Nanoco Technologies
  • TCL Company
  • LG Electronics Inc.
  • StoreDot Ltd.

More Valuable Insights on Quantum Dot Display Market

Fact.MR in its report offers an unbiased market analysis on the global quantum dot display for the forecast period of 2022 to 2032. This survey also reveals the growth of the technology in the dot display market quantum with a detailed segmentation:

By type of material:

  • Quantum dot display containing cadmium
  • Cadmium-free quantum dot display

By type of application:

  • Television
  • Monitors
  • Notebooks
  • Tablets
  • smartphones
  • Medical equipement

By region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • AEM

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Key questions answered in the Quantum Dot Display market report

  • What are the key factors driving the growth of the Global Quantum Dots Display Market?
  • At what rate will the global quantum dot display market grow during the forecast period?
  • What was the CAGR value for the quantum dot display market during the period 2017-2021?
  • Who are the key players operating in the global quantum dot display market?
  • Which region is dominating the quantum dot display market?

Check out Fact.MR’s technology coverage

Quantum Dots Market TrendsGrowing demand for a unique size and composition that refines the electronic properties of these nano-crystals of a semiconductor material is expected to drive growth. Moreover, the increasing requirement for electronic devices with high resolution quality and narrow band of light frequency spectrum will further increase the sales of quantum dot technology products.

Head Mounted Displays Market Forecast – The global head-mounted display market is driven by the growing demand for Augmented Reality/Virtual Reality (AR/VR) technologies in the gaming industry. In addition to this, the low price of micro-screens will pave the way for market growth in the coming years.

Scope of the head-up display marketThe head-up display market is expected to grow at a steady pace in the coming years. Growing demand for autonomous vehicles is expected to continue to propel sales in the years to come. The integration of connective technologies including artificial intelligence (AI) and augmented reality (AR) in head-up displays to improve road safety and driving experience will drive the market growth over the period of ‘Evaluation.

Flat panel display market overviewThe growing demand for high pixel density displays for diagnostic platforms and new surgeries in healthcare will create new avenues for market expansion. The application of LCDs in various devices such as smartphones, laptops, TVs, curved TVs, tablets, digital signage and others is increasing the demand for flat panel displays.

About Fact.MR

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SOURCE Fact.MR

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