New NanoMarkets Report Projects Quantum Dot Market to Reach $5.5 Billion by 2020
Industry: Market Research
NanoMarkets considers 2014 as the breakout year for QDs which are now a serious challenge to the commercialization of OLEDs for almost every application.
Glen Allen (PRUnderground) December 17th, 2014
According to “Market Opportunities for Quantum Dots: 2015 to 2022,” a new report from industry analyst firm NanoMarkets, the market for quantum dots (QDs) will leap from around $415 million in 2015 to $5.5 billion in 2020. NanoMarkets considers 2014 as the breakout year for QDs, which achieved significant penetrations in smaller mobile displays for the first time and have now been firmly established as a significant threat to the future of OLED technology.
More on this report can be found at: http://nanomarkets.net/market_reports/report/market-opportunities-for-quantum-dots-2015-2022
About the report:
This report identifies and quantifies the opportunities for QDs in displays, solid-state lighting, solar cells and biomedical applications. Eight-year forecasts are provided for each of these applications in volume and value terms and with further breakouts by product type. For example, the projections of QDs in the display sector include TVs, computer monitors, laptops, tablets and smartphones.
The eight-year forecasts for QDs in lighting are separated into QD-LED components (volume and revenue) and QD materials (weight and revenue) for each of the sectors that NanoMarkets anticipates will use QD-LEDs during our forecast period.
This report also analyzes the product market strategies of the leading firms active in the QD space including: 3M, Amazon, Apple, ASUS, BOE Technology, CAN, Dow Electronic Materials, Hisense, Innolume, Irriliant, LG, Life Technologies, LMS, Nanoco, NanoPhotonica, Nanosys, Navillum, NN Labs, Quantum Materials Corporation, Ocean Nanotech, Osram, Pacific Light Technologies, QD Laser, QD Vision, Samsung, ShineOn Holding, Sony, Thermo Fisher Scientific, TPTV Technology and VP Dynamics.
From the report:
QD-enhanced LCDs reached the market back in 2013 and have demonstrated the ability to provide reduced power consumption, enhanced power color gamut at an affordable price. In addition, QDs have shown a marked ability to be integrated into existing LCD manufacturing processes. In its new report, NanoMarkets predicts that by 2020, QD materials used in displays other than TVs will generate revenues of $1.1 billion.
Meanwhile, QDs are now a serious challenge to the commercialization of OLEDs for almost every application. (Korean display maker LG has announced that it will be showing 4K tvs that leverage QD technology at the 2015 Consumer Electronics Show.) OLED TVs – after several years of trying – have failed to make much of a market impact. At the same time, as QDs move into smaller displays, they pose serious competition to OLED displays in areas where it has been assumed that OLED displays would find a ready market.
Considerable R&D interest also continues in using QDs in other areas including solar and biomedical applications. Eventually QDs may be able to help the solar industry in its search for ways to improve efficiency, but the slowdown in the solar industry will likely impede that process. And while there is also some activity within biomedical applications from QD suppliers, NanoMarkets is skeptical about whether significant revenues will be generated there in next decade.
NanoMarkets tracks and analyzes emerging markets in energy, electronics and other area created by developments in advanced materials. Visit www.nanomarkets.net for a full listing of NanoMarkets’ reports and other services.