Quantum Dots Market Will Grow Rapidly Owing To Increased Demand For Optimized Devices With Better Performance And High Resolution Till 2020: Grand View Research, Inc.

Increased demand for optimized devices with better performance and high resolution is expected to be a key driver for the quantum dots market in various application areas. Quantum dots (QD) exhibit a brightness which is 10-20 times higher than organic dyes. Owing to the shrinkage of semiconductor materials to quantum-dot level, the material gets converted from insulator to conductor due to alteration in the light wavelength. This conversion property enables quantum dots to be integrated in numerous devices instead of searching for new semiconductors possessing a special chemical composition. Blue quantum dots are smaller than other colors of quantum dots in size. Complicated manufacturing process of such blue quantum dots is expected to be a major restraint for the quantum dots market in display and monitor products. 

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This technology has been incorporated in numerous products such as QD medical devices, QD laser devices, QD chips, QD LED display devices, QD sensors, QD photovoltaic devices and QD LED lighting Devices. QD medical devices are used for medical imaging applications which help in the detection of cancer cells. These devices are expected to dominate the quantum dots market due to continuous development for over two decades. QD LED display devices are used in ultra-flat panel displays and are more efficient as well as structurally simpler than traditional cathode ray tubes (CRT) and liquid crystal displays (LCD). The display drivers are expected to witness the highest growth rate owing to higher efficiency and enhanced color quality. QD laser devices are used in biological tagging of cells. QD photovoltaic devices are used in applications such as power stations, buildings, solar roadways, transports and rural electrification among others. QD sensors are used in the detection of chemicals and biochemical molecules.  

The quantum dots market can be segmented into applications such as biological imaging, quantum optics, optoelectronics, renewable energy, and security and surveillance. In biological imaging, quantum dots are used in in-vitro imaging and in-vivo imaging, primarily used for the detection of cancer cells. In the field of optoelectronics, quantum dots are utilized in new generation LED drivers having higher efficiency and a more vivid color range as compared to traditional LCD and LED drivers. The optoelectronics market is expected to witness the highest growth over the forecast period. Quantum optics is applied in quantum information, which utilizes the laws of quantum mechanics in information technology. Quantum dot solar cells are expected to be a source of renewable energy in the near future. The renewable energy application is expected to be the next fastest growing application in the quantum dots market.

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