Quantum dot market to grow 30.4 percent CAGR to 2020
The global quantum dots market was valued at $961.4 million in 2014 and it is expected to grow at a CAGR of 30.4 percent during the period 2015 - 2020, according to a new report by P&S Market Research, a market research and consulting company'.
Based on material, the InAs quantum dots market is expected to witness the highest growth (CAGR of 31.8 percent) during the forecast period. Among the application segments, optoelectronics led the quantum dots market in 2014 with the market size of $381.6 million, according to the report 'Global Industry Insight: Quantum Dots Market developments and demand forecast to 2020'.
The growing acceptance of smart phones and tablet personal computers (PC) have skyrocketed the demand for quantum dots. The smart phone market is growing at an average annual growth rate of over 20 percent. The tablet PC market on the other hand grew at a CAGR of 52 percent during 2010-2013. The emergence of OLED televisions has further laid opportunities for the quantum dots. The LED television market is also growing at an average annual growth rate of 15 percent.
The primary research is based on discussions with prominent professionals and analysts in the industry, aided by informed and detailed online and offline research.
The key companies operating in the global quantum dots market include QD Vision, Quantum Materials Corporation, Nanosys, QD Laser, Nanoco Group, Invisage Technologies, Ocean Nanotech, and NN-LABS.
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