Quantum Dots Market is Expected to Grow Substantially due to Wide Range of Applications
The Quantum Dots Market is estimated to be valued at USD 6.05 billion in 2024 and is expected to reach USD 19.98 billion by 2031, growing at a compound annual growth rate (CAGR) of 18.60% from 2024 to 2031.
This steady growth can be attributed to rising demand for quantum dot displays as well as increasing investments in quantum dot solar cells.
Key Takeaways
Key players operating in the Quantum Dots Market are Altairnano, Apple Inc., Dow, Intelligent Materials Private Limited, LG Display Co., Life Technologies, MicroVision, Nanoco Group plc, Nanosys Inc., NNCrystal, Ocean NanoTech LLC, OSRAM GmbH, QD Laser, Quantum Materials Corp., Samsung Display Co. Ltd., Sigma-Aldrich Co., Sony Corporation, Techinstro, and Thermo Fisher Scientific Inc.
Market Drivers
The widespread use of quantum dots in LCD televisions and smartphones is one of the key drivers propelling market growth. Another major factor is rising demand for energy efficient lighting solutions, which is fueling adoption of quantum dot LEDs. Growing investments in quantum dot solar technology by government as well as private players is opening new avenues for market participants.
Get More Insights on Quantum Dots Market
The Quantum Dots Market is estimated to be valued at USD 6.05 billion in 2024 and is expected to reach USD 19.98 billion by 2031, growing at a compound annual growth rate (CAGR) of 18.60% from 2024 to 2031.
This steady growth can be attributed to rising demand for quantum dot displays as well as increasing investments in quantum dot solar cells.
Key Takeaways
Key players operating in the Quantum Dots Market are Altairnano, Apple Inc., Dow, Intelligent Materials Private Limited, LG Display Co., Life Technologies, MicroVision, Nanoco Group plc, Nanosys Inc., NNCrystal, Ocean NanoTech LLC, OSRAM GmbH, QD Laser, Quantum Materials Corp., Samsung Display Co. Ltd., Sigma-Aldrich Co., Sony Corporation, Techinstro, and Thermo Fisher Scientific Inc.
Market Drivers
The widespread use of quantum dots in LCD televisions and smartphones is one of the key drivers propelling market growth. Another major factor is rising demand for energy efficient lighting solutions, which is fueling adoption of quantum dot LEDs. Growing investments in quantum dot solar technology by government as well as private players is opening new avenues for market participants.
Get More Insights on Quantum Dots Market
Quantum Dots Market is Expected to Grow Substantially due to Wide Range of Applications
The Quantum Dots Market is estimated to be valued at USD 6.05 billion in 2024 and is expected to reach USD 19.98 billion by 2031, growing at a compound annual growth rate (CAGR) of 18.60% from 2024 to 2031.
This steady growth can be attributed to rising demand for quantum dot displays as well as increasing investments in quantum dot solar cells.
Key Takeaways
Key players operating in the Quantum Dots Market are Altairnano, Apple Inc., Dow, Intelligent Materials Private Limited, LG Display Co., Life Technologies, MicroVision, Nanoco Group plc, Nanosys Inc., NNCrystal, Ocean NanoTech LLC, OSRAM GmbH, QD Laser, Quantum Materials Corp., Samsung Display Co. Ltd., Sigma-Aldrich Co., Sony Corporation, Techinstro, and Thermo Fisher Scientific Inc.
Market Drivers
The widespread use of quantum dots in LCD televisions and smartphones is one of the key drivers propelling market growth. Another major factor is rising demand for energy efficient lighting solutions, which is fueling adoption of quantum dot LEDs. Growing investments in quantum dot solar technology by government as well as private players is opening new avenues for market participants.
Get More Insights on Quantum Dots Market
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