Quantum Dot Display Market Projected To Grow by 2025
Posted by Minakshi on February 22nd, 2021
In this rapidly changing world of technology, quantum dot display market is projected to show major growth prospects during the forecast period. Major factor driving the quantum dot display market is the increasing adoption energy efficient solutions and growing demand for enhanced display technologies from consumers.
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The global quantum dot display market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the quantum dot display market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of quantum dot display market. This is owing to the presence of large number of upcoming key players like QD Vision and Quantum Materials Corporation in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better implementation of advanced technologies. Growing adoption of energy efficient solutions is another major factor driving the growth of quantum dot display market in the region. Growing demand for innovations and improved style of living among people are other factors driving the growth of quantum dot display market in the region.
The Quantum Dot Display Market is growing rapidly over 25% of CAGR and is expected to reach at approx. USD 3.9 Billion by the end of forecast period.
Quantum Dot Display Market Segmentation
The quantum dot display market has been segmented on the basis of material, product and application. The application segment is further bifurcated into consumer electronics, healthcare, automotive, IT & telecommunication and others. Out of which, the consumer electronics segment has generated the highest revenue and is also expected to dominate the quantum dot displays market. This owing to the increasing investments from major players like Samsung and LG in the consumer electronics market.
The prominent players in the quantum dot display market are – Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Sony Corporation (Japan), 3M Company (U.S.), Sharp Corporation (Japan), Microvision, Inc. (U.S.), Altair Nanotechnologies, Inc. (U.S.), Evident Technologies, Inc. (U.S.), Quantum Materials Corporation (U.S.), QD Vision, Inc. (U.S.), Nanosys, Inc. (U.S.) and others.
Market Research Analysis:
The regional analysis of quantum dot display market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in Quantum dot display market in North America is attributed to technological advancements and increasing demand for energy efficient solutions in that region.
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About the AuthorMinakshi
Joined: January 28th, 2021
Articles Posted: 259
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