Quantum dots are semiconductor nanocrystals that are composed of combinations of transition metals.
Quantum dots market is escalating with high growth rate due to several favorable macro-economic factors, such as people’s growing fascination towards new technologies and their increasing disposable incomes. Rising urbanization have been imparting positive impact on electronics market, as people are increasingly adopting new technology to make their daily chores easier and experience better results from the electronics. The application of nanotechnology is growing across several other industries such as optics, healthcare, renewable energy, and security and surveillance. Quantum dots market in developing economies, such as Asia-Pacific, Africa, and Latin America, have been growing at a significant pace due to rising economic active population that is increasing people’s buying power. Research and development activities in the field of quantum dots are further expected to drive the demand during the forecast period.
The continuous research and development conducted by quantum dot manufacturers is resulting in upgradation of these materials. With better products, quantum dots industry is expected to meet the rising demand from several industries, such as electronics and healthcare. For instance, in June 2015, Quantum Materials Corporation introduced rugged quantum dots that are highly resistant to heat, oxidation, and moisture. These quantum dots can withstand 150 degree centigrade of heat for four hours without oxidation performance degradation in the open air.
Rising demand for energy efficient technology and increasing photovoltaic industry are other growth drivers for quantum dots market. Factors hindering the demand for quantum dot materials include their high cost and health hazards with cadmium-based quantum dots.
The key companies operating in the global quantum dots market include QD Vision, Inc., Quantum Materials Corporation, Nanosys Inc., QD Laser Inc., Nanoco Group Plc, Invisage Technologies Inc., Ocean Nanotech LLC, and NN-LABS LLC.
