Quantum dots (QDs) are semiconductor nano-crystals that possess unique optical properties including broad-range excitation, size-tunable narrow emission spectra, and high photo stability, giving them considerable value in various applications. The size and composition of QDs can be varied to obtain the desired emission properties and make them amenable to simultaneous detection of multiple targets. Furthermore, numerous ‘surface functionalizations’ can be used to adapt QDs to the needed application.
The overall market for QD technology is expected to grow at an estimated CAGR of 71.13% from 2014 to 2020, with the ‘Optoelectronics’ industry enjoying the largest market share. At present, the Americas are the market leader; but, by the end of 2020, APAC is estimated to take over the first position.
According to a new market research report, "Quantum Dots Market by Product (QD Displays, Lasers, Medical Devices, Solar Cells, Chip, Sensor), Application (Healthcare, Optoelectronics, Sustainable Energy), Material (Cadmium Selenide, Sulfide, Telluride), and Geography - Forecast & Analysis (2013 - 2020)", published by MarketsandMarkets which focuses on advanced technology, current trends, & opportunities, the total market for Quantum dots is expected to reach $3,414.54 million in 2020, at a CAGR of 71.13% from 2014 to 2020.
Browse 82 market data tables and 79 figures spread through 249 pages and in-depth TOC on "Quantum Dots Market - Forecast & Analysis (2013 -2020)"
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Quantum Dots (QD) comprise the most advanced area of "semiconductor nanoparticles", wherein a host of massive research activities are currently being undertaken. QDs are semiconductor nano particles, and as the name suggests, come in sizes ranging from 2 nm to 10 nm. Due to their miniature property; they are highly versatile and flexible. The uniqueness of QD material lies in the fact that its power intensity depends on the input source and size of QD. There are several ways to confine excitons in semiconductors, resulting in different methods to produce Quantum Dots Market. In general, quantum wires, walls, and the dots are grown by advanced epitaxial techniques in nano crystals produced by chemical methods or by ion implantation, or in nano devices created from state-of-the-art lithographic techniques.
Quantum Dots have fluorescence effect, which occurs when the excited electron moves from the conduction band to its valence band, emitting a photon with a longer wavelength than the one absorbed (electron–hole recombination process). The energy difference between the absorption and emission spectra is known as the “Stokes shift”. Generally, the smaller the crystal size, the larger is the band gap. Therefore, the electron will require more energy to become excited, and in turn, will emit light with a higher energy while returning to a lower energy state. The color and emission wavelength of a QD are determined by its size and composition. QDs can emit light at wavelengths ranging from the ultraviolet (UV) to the infrared (IR).
The QD market is expected to grow from $108.41 million that it accounts for, currently, in 2013 to $3,414.54 million in 2020, at a CAGR of 71.13% from 2014 to 2020. Optoelectronics application is expected to be the major market share holder with an expected revenue generation of $2,458.47 million in 2020.
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