Global Quantum Dots Market: Emergence of Cadmium-free Quantum Dots Generating Potential Opportunities for Key Players
The quantum dots market across the globe has grown impressively in the last few years and is expected to do so in the next few years, even ass key players are starting to look for long-term applications in diverse industries. Quantum dots have been used in a wide range of optoelectronic devices, such as light-emitting devices (LEDs), LCD TVs, photoconductors, solar cells, thermoelectrics, photodiodes, and field-effect transistors, while several quantum solutions have been used in a number of in vitro and in vivo imaging, labeling and sensing techniques.
According to a research study by Transparency Market Research, in 2011, the global market for quantum dots was worth US$88.5 mn and is projected to reach a value of US$8.24 bn by the end of 2023. The market is estimated to register a remarkable 53.8% CAGR between 2013 and 2023. In this blog, Transparency Market Research addresses questions related to the growth prospects and potential opportunities in the global quantum dots market.
Q. What are the key factors propelling the global quantum dots market?
The rising demand for quantum dots for resolution and superior performance for tablets, laptops, mobile devices, cameras, and smart TVs is the primary factor driving the global quantum dots market. In addition, the growing need for ultra-power VIsi design and energy efficient technology is anticipated to drive the demand for quantum dots. Further penetration of quantum dots technology in security, defense, and industrial applications is generating potential opportunities. Additionally, quantum dots are being preferred by lighting and display industries, thus driving their demand.
Q. How is cadmium-free quantum dot technology expected to encourage the growth of the global quantum dots market?
The emergence of cadmium-free quantum dots has contributed significantly towards the growth of the global quantum dots market. Cadmium-free quantum dots offer a sustainable and safer option for consumers and manufacturers, providing them with advanced technology and enhanced and vibrant colors. In order to capitalize on the rising interest in cadmium-free quantum dot technology across the lighting industry, several key players are focusing on designing innovative products. For instance, Nanoco Group recently opened a new division entirely dedicated to research and development activities in cadmium-free quantum dot technology. Some of the key aspects on which Nanoco Group has been emphasizing include LED lighting, solar power, electronic display, and biological imaging.
Q. How will the emergence of peptides affect the growth of the global quantum dots market?
The remarkable properties of quantum dots have resulted in their wide use in protein and molecule fluorophores in several biological applications. The overlap of this technology with the peptide arena is expected to contribute extensively towards the robust growth of the global quantum dots market in the next few years. Peptides engineered with apt histidines or cysteines have helped in producing water-soluble quantum dots along with biosensors and protein ligands to quantum dots surfaces. Quantum dots comprising fluorescently labeled peptide substrates are projected to witness utility in the expansion of novel protease assays.
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