The Asia Pacific Quantum Dot Display Market would witness market growth of 18.2% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Quantum Dot Display Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,344.7 Million by 2031. The Japan market is registering a CAGR of 17.4% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 19% during (2024 - 2031).
The adoption of these displays is driven by several factors that align with current consumer preferences and technological advancements. The surge in sales of high-end TVs and computer monitors equipped with quantum dot technology reflects growing consumer interest in superior visual quality. With the introduction of 8K resolution displays, consumers increasingly opt for quantum dot technology to enhance their viewing experiences.
Due to their vibrant colour output and high visibility, businesses adopt these displays in digital signage for advertising and information dissemination. Retailers increasingly use quantum dot technology to create engaging displays that attract customers and enhance the shopping experience. Leading smartphone brands are incorporating quantum dot technology in their displays to give users better colour accuracy and energy efficiency. The trend towards hybrid displays that combine OLED and quantum dot technologies is becoming popular in mobile devices, offering superior performance.
India's rising digital advertising industry is poised to influence this market's growth significantly. As per the Investment Promotion and Facilitation Agency, digital advertising revenues experiencing a remarkable growth of 15% in 2023, reaching INR 576 billion, and projections indicating an increase to INR 842 billion by 2026, the demand for high-quality display technologies is expected to surge in tandem. The increase in mobile phone production benefits the mobile manufacturing sector and positively impacts the broader consumer electronics industry. As manufacturers produce more devices, there will be a corresponding rise in the need for high-quality components, including displays. These displays can be utilized in various consumer electronics products, like laptops, tablets, and smart TVs. The synergy between mobile manufacturing and this market will enhance China's consumer electronics landscape, leading to a more competitive and innovative environment. Hence, the quantum dot display market is poised to experience significant growth due to India's robust digital advertising industry and the expanding mobile manufacturing sector in China.
Free Valuable Insights: The Global Quantum Dot Display Market is Predict to reach USD 16.9 Billion by 2031, at a CAGR of 17.6%
Based on Material, the market is segmented into Cadmium Containing, and Cadmium-free. Based on Component, the market is segmented into LED, Film, and Tube. Based on Application, the market is segmented into Consumer Electronics, and Healthcare. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Material
By Component
By Country
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