Quantum Dot Market Size to Reach USD 53.16 Billion by 2034, Predicted CAGR of 18.1% - PMR

New York, USA, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Market Overview:

The global quantum dot market size is projected to grow from USD 10.09 billion in 2024 to USD 53.16 billion by 2034, at a CAGR of 18.1%, according to a new report by Polaris Market Research.

Market Overview:

Quantum dots are minute particles of a semiconducting system with diameters spanning from 2-10 nanometers. They showcase distinct electronic attributes halfway between those of massive semiconductors and distinct molecules that are, to some extent outcome of the uncommonly elevated surface-to-magnitude proportion for these particles. The most obvious outcome of this is fluorescence wherein the nanocrystals can generate particular colors decided by the size of the particles. Because of their compact size, the electrons in these particles are restricted to a minute space, and the radii of the semiconductor nanocrystals are more compact than the exciton Bohr radius; there is a convolution of the energy levels.

Key Insights from the Report:

• The market for quantum dot is significantly shaped by its enhanced standard, color preciseness, energy efficiency, and imaging potential.
• The quantum dot market segmentation is based on type, application, product, and region.
• Based on type, the II-VI semiconductors segment is expected to experience the highest CAGR during the forecast period.
• By region, the report provides market insights into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

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Quantum Dot Market Report Scope

Market’s Growth Drivers

Progression of Silicon Quantum Dot Technology: The progression of silicon quantum dot technology by critical industry contenders is notably driving the market. For instance, Diraq, in March 2024, sanctioned quantum computers to function at elevated temperatures. This invention not only improves computational power but also decreases manufacturing prices and enhances energy efficiency, contributing to the quantum dot market growth.

Growing Demand for High-Quality Displays: Growing demand for elevated standard displays in a broad gamut of gadgets is pushing the market growth during the study period. Quantum dots have acquired notable approval in display technology because of their outstanding benefits in improving visual quality. The potential to convey elevated brightness standards, enhanced differentiation ratios, and the broader color spectrum renders them especially alluring to consumers who organize remunerative display episodes involving high dynamic range content.

Amalgamation of Quantum Dot Technology into Solar Panels: The amalgamation of quantum dot technology into solar panels is a notable propeller of market growth in the forecast period. By sanctioning the incorporation of the wider gamut of sunlight, quantum dots improve the productivity of solar panels, permitting a more productive transformation of sunlight into electricity.

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List of Quantum Dot Market Key Players

• Nanosys Inc.
• NnCrystal US Corporation (NN-Labs)
• Quantum Materials Corporation
• UbiQD Inc.
• Ocean NanoTech
• Nanoco Group PLC
• NanoOptical Materials Inc

Geographical Analysis

Asia Pacific accounted for the largest quantum dot market share. This is due to the escalating speedy population occasioned by the demand for consumer electronics, a robust manufacturing foundation, and robust economic growth in the surfacing South Asian nations. Additionally, the continuing research on quantum dots for solar modules to enhance productivity further pushes the market in the region.

North America is also expected to grow at the highest CAGR during the forecast period. This can be attributed to growing funding in quantum dot technology-dependent projects, and its administration in healthcare, consumer electronics, and lasers escalated the demand for quantum dot in the regional market growth during the forecast period.

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Market Segmentation:

By Type Outlook

• III-V-Semiconductors
• II-VI-Semiconductors
• Silicon (Si)

By Product Outlook

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

By Application Outlook

• Optoelectronics and Optical Components
• Medicine
• Agriculture
• Alternative Energy
• Other Applications

By Regional Outlook

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Rest of Asia-Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

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About Polaris Market Research & Consulting, Inc:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

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