NEW YORK, May 18, 2016 /PRNewswire/ --
Increasing Awareness, Growing Demand for Energy Efficient Devices and Increasing OEM Adoption to Drive Global Quantum Dot Display Market Through 2021
According to TechSci Research report, "Global Quantum Dot Display Market, By Material, By Application, By Region, Competition Forecast and Opportunities, 2012 - 2021", global quantum dot display market is projected to grow at a CAGR of over 64% during 2016-2021, on account of increasing awareness about benefits of quantum dot display, growing adoption of quantum dot display by Original Equipment Manufacturers (OEMs), rising demand for energy efficient devices coupled with mounting per capita spending on consumer electronics. With around 1.86 billion units of smartphones were sold across the globe in 2015, adoption of quantum dot display by smartphone manufacturers is also hugely driving demand for quantum dot display across the globe. New product developments are anticipated to increase the adoption of these displays in healthcare, transportation and other applications through 2021.
Browse 13 market data Tables and 62 Figures spread through 162 Pages and an in-depth TOC on "Global Quantum Dot Display Market"
Over the past few years, quantum dot displays have undergone radical changes in terms of application and material used to manufacture these displays. With European Commission restricting usage of cadmium in manufacturing consumer electronics due to environmental and health concerns, companies involved in manufacturing quantum dot display started manufacturing cadmium free quantum dot displays. This led to robust growth in demand for cadmium free quantum dot displays from different application areas. In 2015, around 3.89 million televisions equipped with quantum dot display were sold across the globe. Anticipated increase in demand for Ultra High Definition (UHD) TVs and Quad High Definition (QHD) is expected to further boost demand for quantum dot display during the forecast period. LG Display Co., Ltd., Samsung Display Co., Ltd., Sony Corporation, QD Vision Inc., Nanoco Technologies Ltd are few of the leading players operating in global quantum dot display market.
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"Technological advancements and new products developments are boosting the adoption of these displays in various applications such as consumer electronics, transportation, healthcare, power, defense, etc. Further, increasing adoption of quantum dot display by smartphone, tablet, and monitor manufacturers, and rising demand for non-toxic quantum dot displays from the healthcare and transportation sectors is projected to drive exponential growth in the global quantum dot display market in the coming years.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Global Quantum Dot Display Market, By Material, By Application, By Region, Competition Forecast and Opportunities, 2012 - 2021" has evaluated the future growth potential of global quantum dot display market and provides statistics and information on market structure, size and future growth of global quantum dot display market. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the global quantum dot display market.
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