According to the new market research report "Quantum Dots Market by Product (QD Medical Devices, QD Solar Cells, QD Photodetector/QD Sensors, QD Lasers, QD Lighting, Batteries and Energy Storage Systems, QD Transistors, and QD Tags),Material, Vertical, and geography - Global Forecast to 2023", The quantum dots market is expected to grow from USD 2.57 Billion in 2018 to USD 8.47 Billion by 2023, at a CAGR of 26.97% between 2018 and 2023. Major drivers for the market are the increasing demand for quantum dots in high-quality display devices, growing implementation of quantum dots in numerous applications due to their miniature property, and rising adoption of energy-efficient and less or non-toxic quantum dots in solar cells and photovoltaics.

The adoption of QD products in lighting, automotive, consumer electronics applications drives the quantum dots market growth. Asia Pacific is expected to be the fastest-growing region in the quantum dots market owing to the rapid developments and innovations taking place in the display industry. Chinese, Japanese, and South Korean panel makers are investing more in producing more energy-efficient displays, which, in turn, also drives the quantum dots market growth in Asia Pacific.

The key players in the quantum dots market include Nanosys (US), Nanoco (UK), QD Laser (Japan), NN-Labs (US), Ocean NanoTech (US), QD Vision (US), Quantum Material (US), Altair Nanotechnologies (US), InVisage (US), and OSRAM Licht (Germany).

Top 2 Players in Quantum Dots Market

Nanosys (US) is one of the significant players offering quantum dot technology. The company also has its focus on product launches and developments with respect to QD display technology, such as quantum dot enhancement film (QDEF), which enriches the visual experience of the viewers. Nanosys has a large number of patents, over 200, issued and pending worldwide. It entered into many agreements with many big giants to increase its revenue and expand its business. For instance, the company signed an agreement with Samsung (South Korea) in January 2015 to give access to its patents. The collaborations of the company with Philips-Lumileds (Netherlands) and Life Technologies (US) as well as with other partners such as the Massachusetts Institute of Technology (MIT) (US), the Lawrence Berkeley National Labs (US), and the Hebrew University (Israel) has helped the company to broaden its product portfolio.

Nanoco (UK) is one of the leading manufacturers of nanomaterials in the quantum dots market. The company has a robust presence in the market and invests significantly in R&D. The company is mostly focused on demonstrating strong inorganic growth strategies. For instance, its agreement with Merck and LG has helped the company to reach a large audience across the world, thereby resulting in a major market share.

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