As per the research by Market Research Future Reports (MRFR), the global quantum dots market is estimated to value USD 8,151.07 million thriving at a CAGR of 26.45% by the end of 2025. The increasing demand for quantum dots in display devices is the major factor driving the global quantum dots market 2020. Besides, the efficient energy offered by quantum dots is another cause of expansion of market. Quantum dots are being adopted on a large scale for various applications due to the benefits such as vibrant displays and low energy consumption. Moreover, the quantum dots technology is being adopted across various verticals like medical, defense, electronics, and automotive. In addition to it, the increasing demand for quantum dots for efficient display services and adoption of quantum dots in solar cells is estimated to be another factor which propels the market. However, the heavy and noxious metals and expensive cost of quantum dots is likely to hamper the expansion of market.
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Due to the sudden outbreak of novel coronavirus, there has been an immense change in the market dynamics. Several regions have been affected due to the pandemic. We will provide COVID-19 impact analysis with the report.
The forefront players of the global quantum dots market are Navillum Nanotechnologies (US), Nanoco Group PLC (UK), Nano Elements Source, Nanosys, Inc. (the US), Ocean NanoTech (US), QD Laser, Inc. (Japan), NN-Labs, LLC (US), Altair Nanotechnologies Inc. (US), QD Vision (US), Quantum Material Corp. (US), UbiQD, Inc. (Mexico), OSRAM Licht AG (Germany), Crystalplex Corp. (US), Pacific Light Technologies (US), LG Display Co., Ltd (South Korea), LLC (US), and others.
The global quantum dots market can be classified on the basis of product, material, vertical, and region.
On the basis of product, the global quantum dots market can be classified into solar cells, transistors, displays, led, photodetectors, and others.
On the basis of material, the global quantum dots market can be classified into cadmium sulfide, silicon, cadmium selenide, indium, cadmium telluride, zinc sulfide, and others.
On the basis of vertical, the global quantum dots market can be classified into consumer, telecommunication, commercial, healthcare, defense, and others.
On the basis of region, the global quantum dots market can be classified into Europe, Asia-Pacific, North America, and the Rest of the World (RoW).
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The geographical analysis of Europe, Asia-Pacific, North America, and the Rest of the World (RoW) has been conducted. As per the analysis by MRFR, the North American region dominates the market. It has also been estimated that North America will acquires the largest market share from 2019 to 2025. The US plays an essential role in the regional expansion. The early adoption of quantum dots technology generates a considerable demand. Besides, the rising awareness and concern regarding the health and fitness is estimated to play an important role in expansion. On the other hand, the APAC region is projected to record the maximum CAGR during the review period. The region consists of established players like LG and Samsung who are investing large amounts to develop the quantum dot technology. Moreover, the APAC region consists of fastest growing economies like China and Japan which displays the most significant demands from the region. The European market is estimated to display significant rise during the forecast period. the UK, Germany play a significant role in the regional market expansion.
However, due to the outbreak of pandemic coronavirus, several regions have been adversely affected. The dynamcis of market are changed significantly due to the observation of worldwide lockdown.
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