Quantum dot is small semiconductor in crystal format that is used in business verticals that use display and monitor devices and many other types of equipment. Global Nano-optimized market is expected to reach 3 trillion by 2015. Increasing demand for optimized devices with better performance and resolution quality is a major driving force to adopt quantum dot technology into various application areas. Brightness of quantum dots is 10-20 times higher than organic dyes. As the semiconductor material shrink to quantum-dot level, it helps in altering the light wavelength material and covert material from insulator to conductor. Quantum dot is semiconductor that can be used for different devices instead of searching for new semiconductor with special chemical composition. Major application market for quantum dot is Display and Monitor as quantum dots are used in LED. However, the process of manufacturing Blue quantum dots in size that is smaller than average is very difficult over other colors of quantum dots, this is acting as major limiting factor to adopt quantum dots in display and monitor products. Despite of few disadvantages, quantum dots are going to capture attention by major players, but it is very difficult for manufacturers to analyze potential application market of quantum dots. This report covers potential application segment and revenue generated by each segment. The global QD market is expected to grow from $316 million in 2013 to $5,040 million in 2020 at a CAGR of 29.9% for the analysis period (2013-2020).
Global QD market by application
The QD market is segmented into various applications such as biological imaging, optoelectronics, quantum optics, security & surveillance, and renewable energy. The biological imaging market is the most mature market in terms of revenue and it is expected to have consistent growth in the market. However, the optoelectronics application is expected to have the highest growth potential for the analysis period 2013 and 2020. The renewable energy application is the next fastest growing application in the QD market.