Global Quantum Dot (QD) Display Market to Set Phenomenal Growth from 2020 to 2025

 Global Quantum Dot (QD) Display Market is expected to grow significantly in the forecast period due to the increasing popularity of consumer electronics that have upraised the use of quantum dots display on the global scale. Quantum dot (QD) displays are the display devices, using QDs and semiconductor nanocrystals that produces pure monochromatic green, red, and blue colors. QD technology used in the mallows wider color length and improved high dynamic range owing to which they are used in photo-emissive, photo-enhanced and electro-emissive display systems.

Quantum dot display market is majorly driven by the growing awareness of energy efficient solutions and increasing adoption of QD display devices. Quantum dot displays offer several benefits like ultra-definition, cost, energy efficient and high brightness. Several existing players are adopting QD technology to obtain faster, quicker and human eye-friendly television display. Most quantum dot (QD) display industry players are stressing on providing hybrid quantum dots display to cater to growing flexible demands. However, strict government regulations for using cadmium and other heavy metals for electronic displays and significant cost of the systems are hampering the growth of the market.

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The advent of 4KUHD TVs and Ultra HD LED TVs and increasing investments in QD technology are the major trends in QD display market. Additionally, the growing demand for smartphones, tablets and televisions with superior clarity & color, improved brightness levels, and better user experience are some other trends witnessed by the market of quantum dot (QD) display.

Quantum dot display industry is categorized on the basis of material, component, device, and geography. On the basis of material, the market is divided into cadmium-free and cadmium-containing. Cadmium-free segment come with various benefits like environment friendly, improved wavelength and tenability and pure color, due to which the segment is expected to dominate the industry of quantum dot (QD) display in future.

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Based on component, quantum dot (QD) display market is split into glass tube, film and LED. Quantum dots are extensively used in televisions with thin glass tubes that turn to green and red colors. Hence, glass tube segment is projected to grow substantially in the coming years owing to its increasing use in televisions.

On the basis of devices, quantum dot (QD) display industry is classified into consumer electronics, medical instruments, and others. Consumer electronics is further classified into smartphone, laptop, television, wearable devices, and others. Owing to the rising demand for consumer electronics due to growing population, consumer electronics segment is predicted to rise significantly in the coming years. Also, the rise in development of medical devices by medical researchers and scientists is propelling the growth of medical devices segment.

Geographically, the market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. Owing to the implementation of modern technology and early adoption of QD technology. North America is expected to lead the market of quantum dot (QD) display. The major players in QD display industry comprise Apple Inc., Samsung, Sharp, Sony, Vizio, Philips, TCL, and Hisense.