- The global market for quantum dots (QDs) totaled $610.0 million in revenue in 2016. The market should total over $3.4 billion by 2021, increasing at a compound annual growth rate (CAGR) of 41.3% from 2016 to 2021.
- The electronics sector totaled $470.0 million revenue in 2016. The market should total $1.1 billion by 2021, increasing at a CAGR of 18.5% from 2016 to 2021.
- The optoelectronics market for QDs totaled $14.0 million in 2016, and should total just over $1.8 billion in 2021, increasing at a CAGR of 164.3% from 2016 to 2021.
Introduction & Scope
Among the many subsets of nanomaterials, quantum dots (QDs) are like no other. At dimensions typically below 10 nanometers, nanocrystalline (NC) semiconductors (SCs), metals and magnetic materials can all exhibit extraordinary quantum confinement phenomena. Basically, at these dimensions, their physical size encroaches upon the fundamental quantum confinement dimensions of orbiting electrons that are uniquely prescribed by their atomic nucleus. Within the regime of these critical dimensions, QDs exhibit distinctly different behavior from their bulk form, which manifests itself, for example, in distinctly different optical, electronic and magnetic properties.
Today, scientists can precisely synthesize NC materials at these critical dimensions and thereby systematically tune their quantum confining behavior. As a result, there is currently enormous interest to exploit and capitalize on the unique properties exhibited by QD materials. As a harbinger for future business developments, colloidal quantum dot (CQD) bioconjugates were among the first wave of commercial product applications stimulating market interest. Primarily, these have quickly established a niche market in the life sciences and biomedical communities, where they provide unrivalled cellular imaging and therapeutic detection capabilities. Other more recent commercial launchings of SC QDs include: a new generation of flash-memory devices; nanomaterial enhancements for improving the performance of liquid crystal display (LCD) TV and monitor display backlights; flexible organic LEDs, as well as solid-state white-LED lighting; and in rigid and flexible solar panel coatings.
With these latest commercial developments and their enormous business potential, this report provides a timely assessment of quantum dot materials—where they are currently at, and where they might be in the foreseeable future.
STUDY GOAL AND OBJECTIVES
The primary objective of this report is threefold: to assess the current state-of-the-art in synthesizing QDs; to identify the current market players seeking to exploit QD behavior; and to evaluate actual or potential markets in terms of application, type and projected commercial market revenues.
SCOPE AND FORMAT
Since their parallel discovery in Russia and the U.S. over 30 years ago, SC QDs, until quite recently, have resided exclusively in the domain of solid-state physics, where they have been fabricated using expensive and sophisticated molecular beam epitaxy or chemical vapor deposition equipment. However, in a relatively short time frame, this situation has changed dramatically with the recent commercial availability of CQDs synthesized by less expensive wet-chemical processes. Practically, the availability of QDs in a colloidally dispersed form has helped demystify these somewhat esoteric materials. Most importantly, CQDs now provide access to a much broader industrial audience, which promises to further widen their potential market exploitation. Current and future applications of QDs impact a broad range of industrial markets. These include, for example: biology and biomedicine; computing and memory; electronics and displays; optoelectronic devices such as LEDs, lighting and lasers; optical components in telecommunications and image sensors; and security applications such as covert identification tagging or biowarfare detection sensors.
This report probes in considerable depth the early pioneers and champions in this field in industry, government and academic laboratories. The most active organizations, promising technical applications and developments realizable within the next five years, will all be highlighted.
CONTRIBUTIONS OF THE STUDY AND TARGET AUDIENCE
This report represents a major update of the BCC Research report (NAN027D) Quantum Dots: Technologies and Commercial Prospects, published in April 2014. The most significant revisions in the new edition include:
- An extensive updated patent analysis (2014 through 2015).
- An in-depth assessment of the unfolding commercial markets.
- Progress in the synthesis and commercial scale-up by QD producers.
- Interviews with leading producers.
- Updated company profiles of the producers and end users dictating market development.
- Updated five-year market projection analysis of the emerging QD market.
This is the fifth exclusive report to focus on QD nanomaterials from the perspective of their technology, applications and future business prospects. Thus, this up-to-date, technical assessment and business analysis should prove an especially valuable resource to individuals and organizations seeking more insight into the current status of QDs, their stand-alone capabilities within the spectrum of nanomaterials and time-to-market commercial development. The report's comprehensive technical and business assessment on the current status of the QD-based industry should prove informative to nanomaterials manufacturers, investors seeking near-term commercialization opportunities, technologists confronted with nanomaterial device integration issues and companies specifically interested in exploiting QDs in biological, biomedical, electronics, energy, optics, optoelectronics, security and other applications.
METHODOLOGY AND SOURCES OF INFORMATION
Both primary and secondary research methodologies were used in preparing this report. This report is derived primarily from the enormous amount of patent and technical literature relating to QDs disclosed in the public domain. In addition, complementary information has also been drawn from the business community, such as company investment news, company profiles, press releases and personal telephone interviews with selected companies.
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