The Global Quantum Dot Sensor Market size is expected to reach $327.7 million by 2027, rising at a market growth of 9.1% CAGR during the forecast period.
Quantum dots (QD) are semiconductor nanocrystals that have a diameter of 2 to 10 nanometers. These dots are nanostructures that have variable properties based on the form and material they are made of. In addition, quantum dots have unique electrical properties that make them suitable for use as active materials in single-electron transistors. Quantum dot sensors use quantum dot-based material and a simple integration method to fill roughly 95% of a picture.
Quantum dots made of semiconductor materials have a straight bandgap, allowing for efficient absorption and emission as well as spectral tenability from blue to red depending on size. As a result, there is an upsurge in demand for compact, high-performance quantum dot sensors, particularly for mobile phones and cameras. As a result, the ease of producing quantum dot sensors and achieving high-performance efficiencies of quantum dot sensors are expected to boost the quantum dot sensor market.
Quantum sensors also provide a number of advantages, such as ease of use, and there is growing awareness of quantum sensor devices among industrial, commercial, and residential end-users. This could help them grow their consumer base, sales, and human-machine connection.
In addition, energy economy, superior quality, low cost, and high magnificence are key reasons that are driving the quantum dot sensor market forward. The global quantum dot sensor market is influenced by several factors, including a rising desire for more energy-efficient consumer electrical products.
COVID-19 has resulted in a worldwide health disaster and multiple deaths. Lockdowns were implemented in various places, causing supply chain disruptions. The onset of the pandemic had a significant impact on key quantum dot manufacturers during the first two quarters of 2020. Due to the enforcement of lockdowns in several places, an imbalance in demand and supply was seen, resulting in enterprises not producing to their full capacity. This factor caused a major downfall in the disruption of the quantum dot sensor market.
However, small and medium-sized manufacturers have yet to gain traction in the industry but are predicted to make a substantial comeback in upcoming years. The number of people visiting shopping malls, retail centers, and hospitality venues is predicted to expand. Due to the increased need for imaging equipment as a result of the pandemic, new growth possibilities for quantum dot producers are projected to emerge in the imaging area as well.
The medical industry's increasing demands are a primary driving force behind quantum sensing's increased market expansion. The use of quantum sensing in the medical field aids in the improvement of medical testing procedures. Because quantum sensing has a higher degree of accuracy, it can be used to boost the efficiency of medical organizations. In addition, traditional procedures such as Magnetic Resonance Imaging make it difficult to diagnose degenerative disorders.
Modern displays not only have higher brightness and contrast ratios than older displays, but they also offer higher resolutions and lesser consumption of electricity. To increase their market position, display makers are designing displays with better characteristics. Quantum dots are widely being employed in display systems due to the fact that they provide color purity, higher color resolution, a highly immersive high-dynamic-range (HDR) experience, and higher energy efficiency than traditional displays.
Resources that are provided by the nature are available in a limited amount. A lot of these resources are not renewable and cannot be generated again. However, alternatives of these resources are broadly being generated; they cannot offer the efficiency that natural resources are providing. Quantum dot sensors are made up of numerous non-renewable natural resources.
Based on the Type, the Quantum dot sensor market is bifurcated into Resistance strain type and Piezoelectric type. In 2020, the resistance strain segment dominated the quantum dot sensor market by accounting for the largest revenue share of the market. It is a new type of carbon nanotube-based Quantum Resistive Strain sensor (QRS sensor) for structural health monitoring (SHM), produced directly on the surface of glass fibers. Under various static and dynamic solicitations, the response of comparable transducers remains examined.
Based on the Application, the Quantum dot sensor market is divided into Smartphones & Laptops, Digital Cameras, Surveillance Cameras, Medical Imaging Devices, and Others. In 2020, the medical imaging devices segment held a substantial revenue share of the quantum dot sensor market. The growth of this segment of the market is result of the rising number of diseases including stomach infection and kidney stones. The identification of these diseases is done through imaging technologies such as ultrasound etc.
Based on the end user, the Quantum sensor market is segmented into aerospace & Defense Automotive, Consumer electronics, Healthcare, and Others. In 2020, the consumer electronics segment dominated the quantum dot sensor market by holding the largest revenue share of the market. Many consumer electronics companies are incorporating quantum dots into their products because this technology has the potential to improve overall display performance by reducing battery consumption and increasing color accuracy.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 190.5 Million |
| Market size forecast in 2027 | USD 327.7 Million |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 9.1% from 2021 to 2027 |
| Number of Pages | 233 |
| Number of Tables | 380 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Type, Application, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
|
| Restraints |
|
Based on the Region, the Quantum dot sensor market is analyzed across North America, Europe, APAC, and LAMEA. In 2020, North America led the quantum dot sensor market by acquiring the largest revenue share in the world. The growth of this region is attributed to the presence of many established display manufacturers, the growing number of market players and research organizations engaged in R&D activities related to quantum dot technology, and the growing demand for quantum dot displays.
Free Valuable Insights: Global Quantum Dot Sensor Market size to reach USD 327.7 Million by 2027
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Quantum Solutions, OSRAM GmbH (AMS AG), Samsung Electronics Co., Ltd. (Samsung Group), Sony Corporation, AU Optronics Corporation, LG Electronics, Inc. (LG Corporation), Merck Group, Nanosys, Inc., Nanoco Group plc, and NNCrystal US Corporation (Hangzhou Najing Technology Company).
By Type
By Application
By End User
By Geography
The global quantum dot sensor market size is expected to reach $327.7 million by 2027.
Rising demand for large displays with higher resolution are driving the market in coming years, however, limited amount of rare resources limited the growth of the market.
Quantum Solutions, OSRAM GmbH (AMS AG), Samsung Electronics Co., Ltd. (Samsung Group), Sony Corporation, AU Optronics Corporation, LG Electronics, Inc. (LG Corporation), Merck Group, Nanosys, Inc., Nanoco Group plc, and NNCrystal US Corporation (Hangzhou Najing Technology Company).
The Surveillance Cameras market acquired maximum revenue share in the Global Quantum Dot Sensor Market by Application 2020, and would continue to be a dominant market till 2027.
The Piezoelectric type market would showcase highest growth rate of 11.3% during (2021 - 2027).
The North America market is the fastest growing region in the Global Quantum Dot Sensor Market by Region 2020, and would continue to be a dominant market till 2027.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 