Quantum Dot Display Market to Grow 64% CAGR till 2021
Increasing awareness, growing demand for
energy efficient devices and increasing OEM adoption to drive global quantum
dot display market through 2021
According
to TechSci Research report, “Global Quantum Dot Display Market, By Material, By
Application, By Region, Competition Forecast and Opportunities, 2012 - 2021”,
global quantum dot display market is projected to grow at a CAGR of over 64%
during 2016-2021, on account of increasing awareness about benefits of quantum
dot display, growing adoption of quantum dot display by Original Equipment
Manufacturers (OEMs), rising demand for energy efficient devices coupled with
mounting per capita spending on consumer electronics. With around 1.86 billion units
of smartphones were sold across the globe in 2015, adoption of quantum dot
display by smartphone manufacturers is also hugely driving demand for quantum
dot display across the globe. New product developments are anticipated to
increase the adoption of these displays in healthcare, transportation and other
applications through 2021.
Browse 13 market
data Tables and 62 Figures spread through 162 Pages and an
in-depth TOC on "Global Quantum Dot Display Market"
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Over the past few years, quantum dot displays
have undergone radical changes in terms of application and material used to
manufacture these displays. With European Commission restricting usage of
cadmium in manufacturing consumer electronics due to environmental and health
concerns, companies involved in manufacturing quantum dot display started
manufacturing cadmium free quantum dot displays. This led to robust growth in
demand for cadmium free quantum dot displays from different application areas. In
2015, around 3.89 million televisions equipped with quantum dot display were
sold across the globe. Anticipated increase in demand for Ultra High
Definition (UHD) TVs and Quad High Definition (QHD) is expected to further
boost demand for quantum dot display during the forecast period. LG Display Co., Ltd., Samsung Display Co.,
Ltd., Sony Corporation, QD Vision Inc., Nanoco Technologies Ltd are few
of the leading players operating in global quantum dot display market.
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“Technological advancements and new products
developments are boosting the adoption of these displays in various
applications such as consumer electronics, transportation, healthcare, power,
defense, etc. Further, increasing adoption of quantum dot display by
smartphone, tablet, and monitor manufacturers, and rising demand for non-toxic
quantum dot displays from the healthcare and transportation sectors is
projected to drive exponential growth in the global quantum dot display market
in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Quantum Dot
Display Market, By Material, By
Application, By Region, Competition Forecast and Opportunities, 2012 - 2021” has evaluated
the future growth potential of global quantum dot display market and provides
statistics and information on market structure, size and future growth of global
quantum dot display market. The report is intended to provide cutting-edge
market intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in the global quantum
dot display market.
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