The Quantum Dots Market is estimated to be worth USD 4.0 billion in 2021 and is projected to reach USD 8.6 billion by 2026, at a CAGR of 16.2%. Growing demand for quantum dots in display devices, advantages of quantum dots over conventional displays and the ability to use quantum dots in many products such as lasers, solar cells and LEDs among others are some of the important factors for the growth of the Quantum Dot Market Globally.
The Major Players in the market with a significant global presence in the Quantum Dot Market are Samsung Electronics (South Korea), Nanosys (US), Nanoco Group (UK), NNCrystal US Corporation (US) and QD Laser (Japan). The companies in the quantum dot market have adopted various strategies such as development of advanced products, partnerships, collaborations and acquisitions to strengthen their position in the Quantum Dot Market. The organic and inorganic strategies have helped the market players to expand themselves globally with innovative product offerings in the Quantum Dot Market.
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Samsung Electronics (South Korea) majorly uses organic growth strategies such as product development to strengthen its position in the Quantum Dot Market. Samsung is a leader in the quantum dot market and a pioneer in the commercialization of quantum dot technology. It aims to enter new markets and gain more customers by introducing innovative and technologically advanced products. The company’s diverse portfolio of quantum dot products includes TVs, monitors, and digital signage products. Samsung has maintained its leading position in this market by consistently introducing products with higher resolution, lower power consumption, lower cost, and higher yield rate. Owing to the increasing demand for QLED displays, Samsung is expected to remain the market leader with its technological expertise and the ability to expand its production capabilities quickly. In June 2020, Samsung launched the worlds first curved gaming monitor Odyssey G9. The monitor supports HDR 10+ adaptive technology and has a QLED display equipped with quantum dots. These monitors offer a 1ms response time and a 240Hz refresh rate.
Nanosys (US) is a Major Market Player in developing and delivering quantum dots to the display industry. Nanosys offers Quantum Dot Enhancement Film (QDEF) and Quantum Dot on Glass (QDOG) technologies that have revolutionized the ultra-high-definition (UHD) display ecosystem. The company manufactures and sells high-performance, low-cost quantum dots. The company is focused on providing advanced and innovative products based on quantum dot technology. The company is extensively focused on R&D activities related to quantum dot technology and owns several patents. Nanosys mainly uses inorganic growth strategies such as partnerships, acquisitions, and collaborations with OEMs in different regions to grow its presence in Germany, India, and China. In August 2020, Nanosys and Shoei Chemical announced a supply and service agreement. According to the agreement, Shoei Chemical would manufacture proprietary quantum dot materials for Nanosys. Shoei Chemical is currently the sole manufacturing partner for expanding heavy metal and heavy metal-free quantum dots. In August 2020, Nanosys had also announced a worldwide sales distribution agreement with NAGASE & CO., LTD. According to the agreement, NAGASE was authorized to distribute Nanosys quantum dot materials for various applications globally.
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Nanoco Group (UK) offers a diverse product portfolio of various quantum dots and nanoparticles that are used for several applications. The company offers cadmium-based quantum dots and cadmium-free quantum dots. It also offers fine color quantum dot films and other nanoparticles for various displays, OLED color conversion, security tagging, vertical farming, etc. The company spends extensively on R&D activities and develops quantum dots that can be used in various applications related to consumer, healthcare, and telecommunications verticals. Along with new product development, the company collaborates with other market players to develop innovative solutions to enhance their existing products. For instance, in May 2017, Nanoco Group entered into an agreement with Kyulux, Inc, a material developer for displays to develop next generation displays. This agreement would help Nanoco create next-generation OLED/QLED technologies that can be integrated into existing display products.
NNCrystal US Corporation (US) offers a diverse portfolio of quantum dots that can be used in sensors, transistors, and displays. The company provides cadmium-based and cadmium-free quantum dots. The cadmium-based quantum dots offered by the company include cadmium selenide quantum dots, cadmium telluride quantum dots, and cadmium sulfide quantum dots. Cadmium-free quantum dots include zinc sulfide quantum dots, manganese doped zinc selenides quantum dots, and indium phosphide quantum dots. These quantum dots are manufactured from their patented greener procedures. The company extensively focuses on R&D activities for developing industry-leading quantum dots. For instance, NNCrystal announced the development of environment-friendly metal-free indium phosphide-based quantum dots.
QD Laser (Japan) is a leading manufacturer of optical communication devices based on quantum dot technology. It is a leader in the mass production of quantum dot lasers. In recent years, there has been an increase in the demand for quantum dots in sensing applications; the company is capitalizing on such emerging growth opportunities in the market. It extensively focuses on developing advanced and innovative products to strengthen its position in the Quantum Dot Market. QD Laser is capitalizing on emerging opportunities in optical communication, silicon photonics for optical interconnect in data centers, 5G base stations, automobiles, and LiDAR in robotics by developing quantum dot lasers that majorly find applications in telecommunications.
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