South Korea Quantum Dot Display Market to Grow at CAGR 61% Till 2021: TechSci Research Report
NEW YORK, August 24, 2016 /PRNewswire/ --
According to recently published TechSci Research report titled "Global Quantum Dot Display Market By Material, By Application, By Region, Competition Forecast and Opportunities, 2012 - 2021" South Korea accounted for the largest revenue share of 29% in APAC quantum dot display market which is projected to grow up 31% by 2021. Increasing production of quantum dot display in South Korea coupled with rising number of manufacturing facilities of display manufacturers in the country is expected to drive South Korea quantum dot display market during the forecast period.
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Increasing demand for Cadmium Free Quantum Dots due to government regulations in many countries followed by mounting demand for Ultra High Definition or 4K Television, energy efficient devices and decreasing cost of production is driving demand for Quantum Dot Display market.
Browse 13 market data Tables and 62 Figures spread through 162 Pages and an in-depth TOC on
"Global Quantum Dot Display Market"
Due to increasing demand for quantum dot display based devices, Dow Chemical announced plans to established quantum dot manufacturing facilities with Nanoco Technologies in South Korea in 2015. Further, the company also manufacture cadmium free quantum dot display, which is widely used by Sony Corporation. Further, government support, easy availability of raw material and low labor cost is attracting companies to start quantum dot display manufacturing in the country, highlights TechSci Research report.
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Major electronic products manufacturers including Samsung, LG, etc., have their manufacturing facilities in South Korea. Further, OEM manufacturers are also entering into partnerships with chemical and material suppliers of quantum dot display to increase its production capacity. In 2015, LG entered into a strategic agreement with QD Vision and Dow Electronic Materials for quantum dot materials and chemicals. The strategic agreement between these companies focused on production of cadmium free quantum dot display technology for HDTV. The company also has a quantum dot display manufacturing plant in South Korea. Samsung Display also has its production facilities based in Asan and Cheonan in South Korea. The company uses Nanosys' quantum dot technology to manufacture quantum dot display for its devices.
"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 size, market share, structure and future growth potential not only at global level but at a country level analysis as well. The report is intended to provide cutting-edge market intelligence on the emergence of technology and help decision makers take informed investment evaluations. The report will act as perfect guide in not just analysing the emerging trends but will also highlight the drivers, challenges and opportunities present in the global quantum dot display market.
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