- Summary
- Table Of Content
- Methodology
Quantum Dot Display Market Size:
Quantum Dot Display Market size is estimated to reach over USD 11,175.61 Million by 2031 from a value of USD 4,029.23 Million in 2023 and is projected to grow by USD 4,559.29 Million in 2024, growing at a CAGR of 13.6% from 2024 to 2031.
Quantum Dot Display Market Scope & Overview:
A quantum dot display is a human-made nanoparticle added to the layers of films, filters, glass, and electronics and emits red, green, or blue light, or sometimes a combination of all three. Moreover, quantum dots are majorly utilized in the sheet of film which is in front of the LED backlight used to illuminate an LCD. Additionally, the advantages include higher peak brightness, improved energy efficiency, longer lifespan, and versatility among others. Also, the advancement in display technology integrated into televisions, smartphones, PC monitors, and others is fueling the quantum dot display market share. Further, the growing demand for high-quality displays is propelling the quantum dot display market.
Quantum Dot Display Market Dynamics - (DRO) :
Key Drivers:
Integration of AR & VR technology drives demand for quantum dot display
The rapid advancement in display technology is driving the integration of quantum dot display into AR and VR technology, in turn driving the quantum dot display market size. Further, AR and VR displays need to provide high-resolution immersive virtual images with a wide field of view that covers the entire human visual field, in turn boosting the quantum dot display market demand. Furthermore, the rising adoption of quantum dot light-emitting diode (QLED) displays is driving the integration of display technology into AR and VR headsets.
- For instance, in August 2023, Saphlux launched NPQD Micro-Display for AR/VR headsets. The NPQD micro-display delivers a peak brightness of 250,000 Nits and a wide color gamut which is favorable for AR/VR applications.
Thus, the rising adoption of quantum dot light-emitting diode (QLED) display and rapid advancement in display technology are proliferating the integration of quantum dot display technology into AR and VR technology.
Key Restraints :
Operational inefficiency is restraining the market growth
The major concern associated with quantum dot type display includes the slower native pixel response time than other panels such as LCD and others, thereby hampering the quantum dot display market expansion. Further, the contrast ratio and energy efficiency rating of the quantum display are much lower than other displays, in turn hindering the overall quantum dot display market expansion. Furthermore, the OLED panels enhanced with quantum dots are susceptible to uneven degradation and shorter overall lifespan, which is restraining the market expansion.
Thus, the aforementioned operational inefficiency associated with the quantum displays is hindering the quantum dot display market growth.
Future Opportunities :
Automotive sector is expected to promote potential opportunities for market growth.
The rapid growth of the automotive sector is propelling manufacturers to adapt to the changing technology. Moreover, the quantum dot type displays have the advantage of enhanced durability and illumination, which is ideal for outdoor applications, in turn fueling the adoption of displays in the automotive sector. Furthermore, emerging technologies in the automotive sector such as heads-up-display, infotainment systems, and electric vehicles are paving the way for quantum dot display market opportunities.
- For instance, in December 2023, Hyundai Mobis launched QL Display combined with quantum dot and local dimming technologies for vehicles. The QL display features a curved 27-inch screen and a slim 14.5 mm design with a thickness of 10mm.
Thus, the emerging display technologies in the automotive sector are anticipated to increase the utilization of quantum displays, in turn promoting the market during the forecast period.
Quantum Dot Display Market Segmental Analysis :
By Material:
Based on the material, the market is segmented into cadmium-based quantum dots, cadmium-free quantum dots, water-soluble quantum dots, and others.
Trends in the Material:
- The government mandate trend towards eco-friendly components is driving cadmium-free quantum dot segment progress.
- The trend towards adoption of flexible display technology is fueling water-soluble quantum dots segment demand.
The cadmium-based quantum dots accounted for the largest revenue share of 37.22% in the year 2023 and it is anticipated to register the fastest CAGR during the forecast period.
- The cadmium-based quantum dots consist of compounds such as cadmium selenide, cadmium sulfide, and others.
- The cadmium quantum dots offer a range of benefits including improved display performance, improved light absorption, and others, in turn boosting the cadmium-based quantum dots segment.
- They are utilized in displays, lighting systems, solar panels, and other applications that require cadmium-based quantum dot solutions.
- Further, the ability to efficiently convert colors in electronic displays is driving the cadmium-based quantum dot segment.
- For instance, in November 2023, Alfa Chemistry launched its extensive range of quantum dots. The portfolio includes cadmium-based, indium-based, lead-based, and various other types of quantum dots for biotechnology, optoelectronics, catalysis, and other applications.
- Thus, as per the analysis, the ability to efficiently convert colors in electronic displays is driving the cadmium-based quantum dot display market trends.
By Product:
Based on the product, the market is segmented into tablets, pc monitors, TV displays, smartphones, and others.
Trends in the Product:
- The trend toward foldable smartphones is fueling the adoption of quantum dot-type display technology.
- The trend towards 4K and 8K content is fueling the need for high-quality display solutions, in turn driving the market.
The TV display accounted for the largest revenue share in the year 2023.
- The rapid changes in display technology are paving the way for quantum dots to grow in the realm of television displays, in turn proliferating the market for TV displays.
- They offer a range of benefits including pure monochromatic colors, improved efficiency, improved brightness, better color gamut, reduced light loss, and others.
- Further, the growth of the consumer electronics sector is propelling the quantum dot display market growth in the television display segment.
- For instance, in February 2023, Samsung launched the Samsung 77” OLED S95C TV, which is its first quantum dot technology inbuilt 77-inch OLED TV. The TV provides brighter, bolder visuals with 8.3 million self-illuminating pixels.
- Thus, as per the analysis, the development of the consumer electronics sector is driving the TV display segment, which in turn is fueling the quantum dot display market trends.
The PC monitor is anticipated to register the fastest CAGR during the forecast period.
- The quantum dot type display provides lifelike picture quality with more vibrant colors and sharper contrasts, which is ideal for gamers driving the adoption of PC monitors, in turn boosting the market.
- Further, the emerging gaming sector across the globe is propelling monitor manufacturers to develop advanced displays for high-end gaming, in turn fueling the quantum dot display market demand.
- For instance, in January 2024, Alienware launched an Alienware 32 4K QD-OLED gaming monitor and an Alienware 27 360Hz QD-OLED gaming monitor to cater to the emerging gaming culture.
- Therefore, as per the analysis, the growth of the gaming sector and immersive experience provided by quantum dot PC displays are anticipated to boost the market during the forecast period.
By End-User:
Based on the end-user, the market is segmented into consumer electronics, healthcare, automotive, and others.
Trends in the End-User:
- The trend toward the adoption of quantum display technology in bio-imaging applications in the healthcare sector is fueling the market progress.
- The automotive sector is adopting quantum display for manufacturing digital instrument clusters, due to better visibility in difficult lighting conditions.
The consumer electronics sector accounted for the largest revenue share in the year 2023 and it is anticipated to register the fastest CAGR during the forecast period.
- The consumer electronics sector is growing rapidly in emerging economies such as India, Brazil, Mexico, and others, paving the way for the growth of smartphones, TVs, monitors, and others.
- Further, technological advancements in display technology as well as quantum dot technology are driving the adoption in the consumer electronics sector, in turn fueling the market.
- For instance, in October 2024, Samsung Display developed quantum dot ink recycling technology for QD-OLED displays. The technology is designed to reduce the cost associated with the display.
- Thus, according to the quantum dot display market analysis, the technological advancement in the quantum dot technology is driving the quantum dot display market for the consumer electronics sector.
Regional Analysis:
The regions covered are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Asia Pacific region was valued at USD 1,013.95 Million in 2023. Moreover, it is projected to grow by USD 1,150.48 Million in 2024 and reach over USD 2,904.54 Million by 2031. Out of this, China accounted for the maximum revenue share of 34.1%. As per the quantum dot display market analysis, the growing need in the consumer electronic sector is the primary factor fueling the market in the Asia-Pacific region. Additionally, the increasing export of smartphones from India is driving the market.
- For instance, in August 2024, according to IBEF India, smartphone shipments from India increased by 8% YoY which has reaching 35.3 million units as of Q1 24.
North America is estimated to reach over USD 4,149.50 Million by 2031 from a value of USD 1,503.44 Million in 2023 and is projected to grow by USD 1,700.53 Million in 2024. Moreover, the rising need for medical imaging and automotive vehicles is boosting the market progress in North America. Additionally, the technological advancement of AR and VR technology with quantum dot technology is propelling the evolution of the market in the North American region.
- For instance, in August 2020, Nanosys partnered with Shoei Chemical in a supply and service agreement deal for Quantum Dot materials. The aim of the partnership is to cater to the rapidly growing quantum dot display market.
The regional analysis depicts that the growing consumer electronics sector and healthcare sector for medical equipment in Europe are driving the quantum dot display market share. Additionally, the primary factor driving the market in the Middle East and African regions includes the increasing adoption of digital signage which includes quantum dot technology. Further, the growing retail industry is paving the way for the progress of the quantum dot display industry in the Latin America region.
Top Key Players & Market Share Insights:
The global quantum dot display market is highly competitive with major players providing display to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the quantum dot display industry. Key players in the quantum dot display market include-
- Suzhou Xingshuo Nanotech Co. Ltd. (China)
- Avantama AG (Switzerland)
- QD Vision Inc. (US)
- 3M Company (US)
- Sony Corporation (Japan)
- SAMSUNG DISPLAY (South Korea)
- Nanoco Group plc (UK)
- Quantum Materials Corporation (US)
- Sheoi Electronic Materials, Inc. (US)
- LG Electronics. (South Korea)
Recent Industry Developments :
Product launches:
- In June 2024, Samsung launched QLED 4K TV in three sizes including 55”, 65”, and 75” combined with quantum dot and quantum HDR technology for providing high-resolution 4K content.
Mergers & Acquisitions:
- In September 2023, Shoei Chemical, Inc. acquired Nanosys, Inc. which is a leading manufacturer of quantum dot display technology. The acquisition aims to strengthen its position as a key player in the advanced materials industry.
Fundings:
- In March 2024, NanoPattern raised USD 1.5 Million in a seed round and added four new members and aims to improve efficiency towards commercializing a resin-free quantum dot ink for the electronics sector.
Quantum Dot Display Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 11,175.61 Million |
| CAGR (2024-2031) | 13.6% |
| By Material |
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| By Product |
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| By End-User |
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| By Region |
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| Key Players |
|
| North America | U.S. Canada Mexico |
| Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
| APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
| Middle East and Africa | GCC Turkey South Africa Rest of MEA |
| LATAM | Brazil Argentina Chile Rest of LATAM |
| Report Coverage |
|
Key Questions Answered in the Report
How big is the quantum dot display market? +
The Quantum Dot Display Market size is estimated to reach over USD 11,175.61 Million by 2031 from a value of USD 4,029.23 Million in 2023 and is projected to grow by USD 4,559.29 Million in 2024, growing at a CAGR of 13.6% from 2024 to 2031.
What specific segmentation details are covered in the quantum dot display report? +
The quantum dot display report includes specific segmentation details for material, product, end-user, and regions.
Which is the fastest segment anticipated to impact the market growth? +
In the quantum dot display market, the PC monitors are the fastest-growing segment during the forecast period due to the emerging gaming sector across the globe propelling monitor manufacturers to develop advanced displays for high-end gaming in turn fueling the quantum dot market demand.
Who are the major players in the quantum dot display market? +
The key participants in the quantum dot display market are Suzhou Xingshuo Nanotech Co. Ltd. (China), Avantama AG (Switzerland), SAMSUNG DISPLAY (South Korea), Nanoco Group plc (UK), Quantum Materials Corporation (US), Sheoi Electronic Materials, Inc. (US), LG Electronics. (South Korea), Sony Corporation (Japan), QD Vision Inc. (US), 3M Company (US) and others.
What are the key trends in the quantum dot display market? +
The quantum dot display market is being shaped by several key trends including the trend towards adoption of flexible display technology, rising adoption in bioimaging applications of the healthcare sector as well as rising adoption for manufacturing digital instrument clusters of vehicles due to better visibility in difficult lighting conditions and other are the key trends driving the market.
