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According to a new report, published by KBV research, The Global Quantum Dot Display Market size is expected to reach $16.9 billion by 2031, rising at a market growth of 17.6% CAGR during the forecast period.
Innovation is at the core of the quantum dot display market, driving advancements that enhance performance and expand application possibilities. Innovations in synthesis methods enable the production of quantum dots with enhanced uniformity and size control, leading to better optical properties and display performance. Researchers are developing environmentally friendly processes for quantum dot synthesis, reducing harmful byproducts and increasing the sustainability of display manufacturing.
The Cadmium Containing segment is experiencing a CAGR of 17.3 % during the forecast period. This segment’s dominance is attributed to the established performance characteristics of cadmium quantum dots, which are known for their superior colour’s accuracy and brightness. Despite regulatory concerns surrounding cadmium toxicity, manufacturers continue to innovate and optimize cadmium-containing materials in display technologies, appealing to high-end consumer electronics and professional display markets.
The LED segment captured the maximum revenue in the Global Quantum Dot Display Market by Component in 2023, thereby, achieving a market value of $7.1 billion by 2031. LED displays are popular for their energy efficiency, longevity, and versatility across various applications, including televisions, monitors, and mobile devices. Integrating quantum dots into LED technology enhances colour reproduction and brightness, making it a favoured choice for consumers seeking high-quality visual experiences.
The Consumer Electronics segment is growing at a CAGR of 17.2 % during the forecast period. The integration of quantum dot technology allows manufacturers to produce displays with a broader colour spectrum, improving the overall viewing experience for consumers. As the trend towards ultra-high-definition (UHD) and 4K displays continues, the role of quantum dots in delivering superior visual quality becomes increasingly critical.
Full Report: https://www.kbvresearch.com/quantum-dot-display-market/
The North America region dominated the Global Quantum Dot Display Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5.9 billion by 2031. The Europe region is anticipated to grow at a CAGR of 17.4% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 18.2% during (2024 - 2031).
By Material
By Component
By Application
By Geography
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