Global Quantum Dot Market Size worth USD 45.4 Billion by 2033: Forecast Analysis Report

Global Quantum Dot Market Size worth USD 45.4 Billion by 2033

According to a research report published by Spherical Insights & Consulting, The Global Quantum Dot Market Size is Expected to Grow from USD 9.0 Billion in 2023 to USD 45.4 Billion by 2033, at a CAGR of 17.57% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Quantum Dot Market Size, Share, and COVID-19 Impact Analysis, By Material (Cadmium-based Quantum Dots and Cadmium-free Quantum Dots), By Product (Displays, Lasers, Solar Cells/Modules, Medical Devices, Photodetectors/Sensors, and LED Products), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.  

The quantum dot market refers to the semiconductor particles that are only a few nanometers in size. Through the use of quantum mechanical processes, their electrical and optical characteristics differ from those of larger particles. Major manufacturers are incorporating quantum dot display technology into their product development strategies, especially in display and lighting applications, as a result of this shift towards efficient lighting solutions. The increasing need for consumable products including mobile phones and tablets is anticipated to provide lucrative market growth opportunities for quantum dot. The growing need for high-performance displays, investment in renewable energy, and development of new quantum dot technologies & products are all factors responsible for driving the quantum dot market. The accelerating need for quantum-based displays in various methods including quantum dot enhancement film (QDEF) or quantum dot color filters (QDCFs) is responsible for propelling the market growth. On the contrary, the increased cost of quantum dots owing to the complex manufacturing process and high-purity materials is challenging the market growth.

The cadmium-free quantum dots segment is anticipated to grow at the fastest CAGR growth during the forecast period.

Based on the material, the global quantum dot market is divided into cadmium-based quantum dots and cadmium-free quantum dots. Among these, the cadmium-free quantum dots segment is anticipated to grow at the fastest CAGR growth during the forecast period. Cadmium-free quantum dots are crucial to the development of optoelectronic devices as they are utilized in solar cells, medical imaging, and household electronics.

The displays segment is anticipated to hold the largest market share during the forecast period.

Based on the product, the global quantum dot market is divided into displays, lasers, solar cells/modules, medical devices, photodetectors/sensors, and LED products. Among these, the displays segment is anticipated to hold the largest market share during the forecast period. The increasing demand for high-resolution screens with excellent picture quality and vivid colors, especially in televisions and smartphones is responsible for driving the market in the quantum dot displays segment.

Asia Pacific is projected to hold the largest share of the global quantum dot market over the forecast period.

Asia Pacific is projected to hold the largest share of the global quantum dot market over the forecast period. The growing industrial and technological advancements along with the presence of established display manufacturers in the region are responsible for driving the market. The surging need for advanced displays including QLED display TV and quantum dot display technology is fueling the market demand.

Europe is predicted to grow at the fastest CAGR in the quantum dot market over the forecast period. This is attributed to the increasing standard of living, improved internet connectivity, and advancement in technology in the region. In addition, the strong investment and government support in the development of innovative QD manufacturing processes contributed to propelling the market growth.

Company Profiling

Major key players in the quantum dot market include AUO Corporation, BOE Technology Group Co. Ltd., SAMSUNG DISPLAY, LG DISPLAY CO. LTD., TCL China Star Optoelectronics Technology Co., Ltd., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In April 2024, Samsung Display unveiled new QD-OLED reference monitors in collaboration with renowned broadcast monitor brands SmallHD and Flanders Scientific Inc. (FSI) at the prestigious National Association of Broadcasters 2024 (NAB 2024) exhibition.

• In September 2023, Shoei Chemical Inc., a leading advanced materials manufacturer, announced that it, together with its North American subsidiary, Shoei Electronic Materials, Inc., has completed a definitive asset purchase agreement with Nanosys, Inc. to acquire substantially all the assets associated with the Nanosys quantum dot business.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global quantum dot market based on the below-mentioned segments:

Global Quantum Dot Market, By Material

• Cadmium-based Quantum Dots
• Cadmium-free Quantum Dots

Global Quantum Dot Market, By Product  

• Displays
• Lasers
• Solar Cells/Modules
• Medical Devices
• Photodetectors/Sensors
• LED Products

Global Quantum Dot Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa