$8.4 Billion Quantum Dots Market - Global Forecast to 2023: Key Players are Nanosys, Nanoco, QD Laser, NN-Labs, Ocean NanoTech, QD Vision, Quantum Material, Altair Nanotechnologies and InVisage - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Quantum Dots Market by Product (QD Medical Devices, QD Solar Cells, QD Photodetector/QD Sensors, QD Lasers, QD Lighting, Batteries and Energy Storage Systems, QD Transistors, and QD Tags),Material, Vertical, and geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The quantum dots market is expected to reach USD 8.47 billion by 2023 from USD 2.57 billion in 2018, at a CAGR of 26.97%.

The market growth can be attributed to factors such as the increasing demand for quantum dots in high-quality display devices, growing implementation of quantum dots in numerous applications due to their miniature property, and rising adoption of energy-efficient and less or non-toxic quantum dots in solar cells and photovoltaics. The limited availability of rare earth materials is restraining the market growth to a certain extent.

The key players operating in this market Nanosys (US), Nanoco (UK), QD Laser (Japan), NN-Labs (US), Ocean NanoTech (US), QD Vision (US), Quantum Material (US), Altair Nanotechnologies (US), and InVisage (US),

Market Dynamics

Drivers

Increasing Demand for Quantum Dots in High-Quality Display Devices Rising Adoption of Energy-Efficient and Less Or Non-Toxic Quantum Dots in Solar Cells and Photovoltaics Growing Implementation of Quantum Dots in Numerous Applications Due to Their Miniature Property

Restraints

High Demand for But Limited Availability of Rare Earth Materials

Opportunities

Penetration of Quantum Dots in LED General Lighting Emerging New Application Areas of Quantum Dots Deployment of Quantum Dots Technology in Defense and Security Applications

Challenges

Concerns Regarding the Use of Toxic and Heavy Metals in Quantum Dots Manufacturing Adverse Impact of Falling Prices of Conventional LCD/LED and OLED Displays On QD-Based Displays Slow Adoption of QD Technologies Due to the Lack of Awareness Among Consumers

Companies Mentioned

Altair Nanotechnologies Inc. Crystalplex Corporation Fraunhofer-Gesellschaft (Fraunhofer Institute of Applied Polymer Research(Iap)) Invisage (Apple Inc.) LG Display Co., Ltd. NN-Labs, LLC. Nano Elements Source, LLC Nanoco Group PLC. Nanophotonica Nanosys, Inc. Navillum Nanotechnologies OSRAM Licht AG Ocean NanoTech Pacific Light Technologies QD Laser, Inc. QD Vision, Inc. (Samsung Electronics Co., Ltd.) Quantum Materials Corp. Quantum Solutions The DOW Chemical Company Ubiqd, Inc.

For more information about this report visit https://www.researchandmarkets.com/research/zsxc4p/8_4_billion?w=4