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.
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.
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From the opportunity pockets stand point, it has been observed that QD LED and QDD are expected to get fully commercialized by the end of 2015-16, as there is a strong R&D going on in this field and in solid-state lighting. QD-based lighting is expected to be the best replacement to the currently available CFL and LED lighting, as this provides better efficiency and high power intensity. The research in this field is at the pilot stage and is anticipated to fully commercialize in the recent future. Quantum dots have a peculiar property to absorb maximum light luminance; hence, they can be used as a technology to provide better efficiency to solar panels. Therefore, QD solar cells and panels are expected to be the biggest revolution in the field of solar energy; and they are anticipated to be fully commercialized by 2016-17.
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.
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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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