News Article
Global QD market to shoot up to $7480.25 million by 2022
Apart from in healthcare, where Quantum Dots hold a large market share, the technology is expected to play a major part in LED lighting and solar cells in the future
A new report, "Quantum Dots (QD) Market - Global Forecast & Analysis (2012 - 2022)" published by MarketsandMarkets, says the total market for Quantum dots is expected to reach over $7480 million by 2022, at a CAGR of 55.2% from 2012 to 2022.
Quantum Dots (QD) are one of the most advanced area of "semiconductor nanoparticles", and is currently undergoing massive research.
QDs are semiconductor nanoparticles, and, as the name suggests, have size from 2 nm to 10 nm. Due to their miniature property; they are highly versatile and flexible. The uniqueness of QD material lays in the fact that its power intensity depends on the input source and size of QD.
There are several ways to confine excitons in semiconductors, resulting in different methods to produce quantum dots. In general, quantum wires, wells, and dots are grown by advanced epitaxial techniques in nanocrystals produced by chemical methods or by ion implantation, or in nanodevices made by state-of-the-art lithographic techniques.
In the present scenario of QD technology market, Healthcare is the only industry, which has gained significant market share. Healthcare needs high precision in tissue labelling, cancer therapy, tumour detection, etc. and QD-based devices work for the same.
The lighting industry is huge; and after the introduction of efficient lighting like LED, this industry has taken a huge leap. LED lighting and fixtures market has propelled in the last few years and is expected to expand further.
Now companies are looking for the alternate technology for LED lighting. QD lighting will fulfil the need; it is highly efficient and cost-effective. QD Vision has collaborated with Nexxus Lighting to launch its first QD LED light, and soon it will capture the market. Likewise, the company is also working on QD display.
QD technology will play a crucial role in solar energy-oriented industry as well. Researchers have developed QD-based solar cell, which is 50% as efficient as conventional solar cell. University of Toronto has achieved an efficiency of 4.2% conversion with solar cell based on colloidal QDs (CQD). Researchers are also working on QD-based paint that can be applied to panels or walls to capture solar energy.
The global Quantum Dots Market for technology-products and applications is expected to reach $7480.25 million by 2022, at an estimated CAGR of 55.2% from 2012 to 2022. The Americas are holding a leadership position in QD technology market on the whole; followed by Europe and APAC. In the market of ROW, Middle East and Africa are the largest contributors.
