“Global Quantum Dot Display Market to reach a market value of 16.9 Billion by 2031 growing at a CAGR of 17.6%”
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.
The North America region witnessed 36% revenue share in the quantum dot display market in 2023. This strong performance can be attributed to the region’s advanced technological infrastructure, high consumer demand for premium electronics, and key market players actively investing in research and development. North American manufacturers are at the forefront of integrating quantum dot technology into consumer electronics, leading to innovative products that resonate with consumers.
The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, In December, 2023, LG Display Co., Ltd. unveiled QNED and QNED Mini LED TVs that offer ultra-large screens, advanced AI-powered processing, and personalized features. The α8 AI Processor boosts performance, Quantum Dot and NanoCell color technologies enhancing AI Picture Pro and Dynamic Tone Mapping Pro for lifelike visuals. AI Sound Pro provides virtual 9.1.2 surround sound, while WOW Orchestra integrates TV and soundbar audio for 3D sound. Moreover, In January, 2024, Sharp Corporation and Nanosys unveiled two QLED(quantum dot light emitting diode) prototype displays, a 12.3" model with 1920×720 resolution and 167ppi, and a 30" model. The NanoLED or QDEL technology offers an extensive color gamut, enhancing color vibrancy and scalability for both small screens and larger TVs while being LCD-compatible.
Based on the Analysis presented in the KBV Cardinal matrix; Samsung Electronics Co., Ltd. is the forerunner in the Quantum Dot Display Market. In June, 2024, Samsung Electronics Co., Ltd. unveiled its 2024 QLED 4K TV series, available in 55", 65", and 75" sizes. Powered by Quantum Processor Lite 4K, it features Quantum HDR, 100% color volume with Quantum Dot and Quantum HDR 4K upscaling, Q-Symphony sound, and Motion Xcelerator for gaming, offering an immersive and premium viewing experience. Companies such as LG Display Co., Ltd., Sony Corporation, and Nanoco Group plc are some of the key innovators in Quantum Dot Display Market.
The rapid evolution of consumer electronics has led to heightened expectations regarding display quality. Consumers increasingly seek devices that offer sharper, more vibrant images with accurate colour reproduction. High-resolution displays, such as 4K and 8K televisions, are becoming the standard, driving manufacturers to incorporate advanced technologies like quantum dots to meet these demands. These displays deliver enhanced colour accuracy and improved brightness, making them highly attractive in the high-resolution industry. Thus, the growing demand for high-resolution displays in consumer electronics is driving the market.
Additionally, As environmental awareness rises, consumers and businesses increasingly prioritize sustainability in their purchasing decisions. Energy-efficient display solutions, such as these displays, align with these values by providing high-quality visuals while consuming less power than traditional display technologies. This growing emphasis on sustainability drives demand for these displays as consumers seek products that minimize their ecological impact. Governments and regulatory bodies worldwide are implementing stricter energy efficiency standards to combat climate change and reduce carbon emissions. Hence, the rising demand for energy-efficient display solutions is propelling the goth of the market.
The production of these displays relies on specialized materials, including cadmium, indium, and other rare elements that are often costly and difficult to source. The prices of these raw materials can fluctuate based on market demand and availability, which can significantly impact the overall production costs. This expense can deter manufacturers from investing in quantum dot technology, limiting the market’s growth potential. Therefore, high production costs associated with quantum dot materials hamper the market's growth.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships & Collaborations.
Based on material, this market is divided into cadmium containing and cadmium-free. The cadmium-free segment procured 49% revenue share in this market in 2023. The rising preference for eco-friendly and safer alternatives, combined with advancements in cadmium-free quantum dot technologies, is driving the growth of this segment. Consumers and manufacturers are becoming more environmentally conscious, likely influencing future market trends.
On the basis of component, this market is segmented into LED, film, and tube. In 2023, the film segment attained 40% revenue share in this market. Quantum dot films are primarily utilized to improve the colour performance of existing display technologies, particularly liquid crystal displays (LCDs). By integrating quantum dots into these films, manufacturers can significantly enhance traditional LCD screens' colour gamut and overall image quality.
By application, this market is divided into consumer electronics and healthcare. The healthcare segment procured 40% revenue share in this market in 2023. These displays find applications in medical imaging and diagnostics, where precision and clarity are paramount. Providing highly detailed and accurate images is essential for medical professionals, making quantum dot technology valuable.
Free Valuable Insights: Global Quantum Dot Display Market size to reach USD 16.9 Billion by 2031
Region-wise, this market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Europe region generated 30% revenue share in this market. The European market is characterized by a robust focus on sustainability and eco-friendly technologies, driving interest in cadmium-free quantum dot solutions. Additionally, the growing emphasis on high-quality visual experiences in consumer and professional settings contributes to the region’s expanding quantum dot display market.
The Quantum Dot Display Market is highly competitive, driven by technological advancements and innovation. Companies are focusing on enhancing display quality, energy efficiency, and expanding applications in televisions, monitors, and smartphones. Competition intensifies as firms strive for breakthroughs in cost-effectiveness, manufacturing scalability, and environmentally friendly production processes.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 4.8 Billion |
| Market size forecast in 2031 | USD 16.9 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 17.6% from 2024 to 2031 |
| Number of Pages | 209 |
| Number of Tables | 332 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Type, Advertising Format, Industry Vertical, Region |
| Country scope |
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| Companies Included | Quantum Materials Corporation, Samsung Electronics Co., Ltd. (Samsung Group), LG Display Co., Ltd. (LG Corporation), Sony Corporation, Nanoco Group plc, 3M Company, Sharp Corporation, AU Optronics Corporation, Ocean NanoTech, LLC, and NNCrystal US Corporation (Hangzhou Najing Technology Company) |
By Material
By Component
By Application
By Geography
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