Global Quantum Dot Market - 2020-2027
Quantum dots are the semiconductor nanostructures that confines the motion of conduction band electrons, valence band holes, or excitons in the all three spatial directions. The properties of the quantum dots vary as per their shape and material. Quantum dots exhibit the optical and electronic properties that differ from larger particles due to quantum mechanics. Quantam dots are widely used in the single-electron transistors, solar cells, LEDs, lasers, single-photon sources, second-harmonic generation, quantum computing, and medical imaging. The global quantum dot market valued USD XX million in 2019 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2020-2027.
The market is driven by the increasing usage of the quantum dot for the development of the several devices such as flat-panel TV screens, digital cameras, smartphones, gaming consoles, and personal digital assistant (PDA) devices. The quantum dot technology provide the several advantages such as energy efficiency, ultra-high definition, low cost, and high brightness. Quantum dots involve the use of the pure blue backlight and accurate red and green filters to produce a true white light that can be filtered into better-looking colors.
There is increase in the launch of the devices developed by using the quantum dot. For instance, in January 2020, Samsung Electronics had launched the line-up of QLED 8K and Lifestyle TVs. These products comprised of the 8K AI upscaling capabilities, innovative display orientation technology, and others. Home-ready, modular MicroLED, combines next-generation screen technology with unprecented customization capabilities. MicroLED models are suited for a variety of homes and lifestyles. Samsung's flagship Q950TS QLED 8K TV combine a striking, ultra-thin form factor, premium 8K picture quality, and impressive surround-sound audio. Q950TS delivers the best LCD picture quality on the market. It is equipped with the AI Quantum Processor 8K, that has the built-in 8K AI upscaling and deep-learning capabilities that can automatically upscale non-8K content to pristine and true-to-life 8K resolution.
In March 2019, SWIR Vision Systems had launched the shortwave infrared camera i.e., Acuros SWIR camera built on quantum dot sensor technology. The camera delivers the higher resolution, lower cost, and global exportability to the vision industry. Acuros SWIR camera has HD resolution of 1,920 x 1,080 pixels (2.1 megapixels). It uses a 400nm to 1,700nm broadband image sensor with colloidal quantum dot (CQD) thin film photodiodes fabricated monolithically on silicon readout wafers. The quantum dots are layered directly onto CMOS readout integrated circuits using well-established semiconductor deposition techniques, that keep the costs down.
Several companies are entering into the collaboration with the several organizations, associations, institutes, and foundations for the quantum dot technology. For instance, in August 2019, Nanosys, the Quantum Dot company had entered into the exclusive license agreement with the with Yissum, the Technology Transfer Company of the Hebrew University of Jerusalem for a worldwide patent portfolio related to Quantum Dot technology. Under the terms of the agreement, Yissum would grant Nanosys an exclusive, worldwide, sub-licensable, royalty-bearing license to its patented technology for Quantum Dots in display, lighting and healthcare applications.
The global quantum dot market is segmented based on the product type as the display, medical devices, solar cells, lasers, photodetectors/ sensors, lighting (LED), batteries and energy storage systems, transistors, and others. The display segment accounts for the highest market share of XX% in 2019. Displays are the output devices to represent the information in the visual form. These devices are designed to model, display, view, or display information. Quatum dot displays are the next-generation display technology. These displays can produce the pure monochromatic red, green, and blue light. These display devices can absorb and emit light in pure colors brighter in comparison to the other display technology. Quantum dot technology is incorporated into the flat-panel TV screens, digital cameras, smartphones, gaming consoles, and personal digital assistant (PDA) devices. Quantum dot is useful for manufacturing the high-efficiency and color-saturated displays.
Further, the market is also classified based on the material type as the cadmium-based and cadmium-free. The cadmium-based segment accounts for the highest market share of XX% in 2019 owing to the higher adoption of the cadmium-based quantum dots due to their advantages such as broad UV excitation, narrow emission, bright photoluminescence (PL), and high photostability. The cadmium-based quantum dots are widely used in various applications such as bio-imaging, electroluminescence (EL) and photovoltaic (PV) devices, catalytic hydrogen production, sensors, etc.
The cadmium-free segment is expected to grow at a higher CAGR during the forecasted period. Cadmium-free quantum dots provide the safer and more sustainable option for the consumers. Cadmium-free quantum dots provide the color benefit without the toxicity or potential regulatory limitations. Cadmium-free quantum dots can be useful for lighting solutions, solar cells, and biomedicine. There is increasing development of the product by using the Cadmium-free quantum dot technology. For instance, in April 2019, Quantum Materials Corp. had produced a 100% cadmium-free 55 inch QDX quantum dot display technology. This superior level of performance was achieved by using the company's proprietary QD-enhanced film. Quantum Material's QDX dots provide long-term reliability without expensive and thick barrier films traditionally used in display applications for protecting the quantum dots from degradation due to exposure to moisture and oxygen that can materially compromise their performance.
By region, the global quantum dot market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the global quantum dot market to the higher adoption of the quantum dot technology in production of the various devices such as display, medical devices, solar cells, lasers, photodetectors/ sensors, lighting (LED), batteries & energy storage, transistors, and others. There is increasing usage of the quantum dot technology for vitro imaging and in-vivo imaging used for the detection of cancer cells. Several manufactures prefer the quantum dot technology for display and lighting solutions due to its benefits of providing the optical properties, such as high quantum yield, emission tenability, narrow emission band, and optical stability. There are presence of the large number of market players using the quantum dot technology for the development of the products.
Asia-Pacific is expected to grow at the highest CAGR during the forecasted period owing the increasing usage of the quantum dot technology for the development of the technologically advanced products. There is growing demand for the optimized devices with better performance and high resolution. There is increasing research and development activities for quantum dot technology. The growing demand for the optoelectronics and solar energy shall stimulate the market growth. Several players are shifting their manufacturing base to the Asia-Pacific due to the presence of skilled and cheap labor. The increasing domestic income and purchasing power of the people shall stimulate the market growth.
The global Quantum Dot market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Nanosys, Samsung Electronics, Nanoco Group, Navillum Nanotechnologies, Ocean Nanotech, Quantum Materials Corp., Nanophotonica, and Crystalplex Corporation are the leading market players with significant market share.
The major players are using product development, novel product launches, capacity utilisation, market expansion, and product diversification strategies for holding their position in the market. For instance, In July 2019, Nanosys had increased the production capabilities at Nanosys' 60,000 square foot Milpitas, CA plant to more than 50 tons per year of Quantum Dot materials. The additional production capacity would help to meet the growing demand for next-generation Heavy Metal Free Quantum Dot displays for televisions, monitors and tablets. The facility is currently producing Quantum Dots at mass production levels to meet the needs of customers for display products on retail shelves.
The companies are entering into the collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for quantum dot and their expansion across the globe. For instance, in August 2020, Nanosys had entered into the Quantum Dot materials supply and service agreement with the Shoei Chemical. Under the terms of the agreement, Shoei Chemical would manufacture Nanosys' proprietary Quantum Dot materials exclusively for Nanosys. Shoei Chemical would be the sole manufacturing partner for capacity expansion of Quantum Dots and heavy metal free Quantum Dots. The symbiotic relationship enables Nanosys to more than double production volumes in the near term, and lower costs by producing closer to its customers in Asia. This new partnership would allow an uninterrupted supply of Quantum Dot materials, due to geographic separation of manufacturing locations, which has become a requirement for end customers who increasingly rely on this technology for their products.
In August 2019, Nanosys signed a license agreement with Yissum, the technology transfer and research development company of the Hebrew University of Jerusalem, for a worldwide patent portfolio related to quantum dot technology. Under the agreement, Yissum will grant Nanosys a sub-licensable, royalty-bearing license to its patented technology for quantum dot in the display, lighting, and healthcare applications.
In August 2019, Quantum Materials Corp., leading American nanomaterial & cadmium free quantum dot manufacturer had acquired assets of Capstan Platform, a developer of blockchain technology, to capture new market opportunities by bringing physical and digital platforms together. Quantum Materials Corp. intends to leverage the technologies that Capstan has developed to introduce additional products into new global market verticals in the near future.
In April 2018, Nanoco Group had entered into the material development and supply agreement with a large, undisclosed US-listed corporation. Under this agreement, Nanoco would scale-up and mass-produce novel nanoparticles for advanced electronic devices and supply them from its state-of-the-art production facility in Runcorn, United Kingdom. The partner would fund the capital expenditure required to expand Nanoco's Runcorn facility.