Global QD technology-products and applications market is expected to reach $7480.25 million by 2022, at an estimated CAGR of 55.2%.
(PRWEB) November 01, 2012
According to a new market research report, “Quantum Dots (QD) Market: Global Forecast and Analysis (2012-2022) By Applications and By Products” published by MarketsandMarkets (http://www.marketsandmarkets.com), the total market is expected to reach $7480.25 million by 2022, at a CAGR of 55.2%.
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Quantum Dots (QD) is the most advanced area of semiconductor nanoparticle, QDs are semiconductor nanoparticle, having size from 2nm to 10 nm, because of its miniature property; they are highly versatile and flexible. One of the uniqueness of QD material is that, its power intensity depends on the input source and size of QD. Most of the application areas of QD are under development stage or R&D stage.
In present scenario of QD technology market, Healthcare is the only industry, which has gained significant market share. There are number of applications in healthcare, which needs high precision like tissue labeling, cancer therapy, tumor detection etc. and QD based devices works for the same. QD is useful in achieving high precision and accuracy in various healthcare activities.
Optoelectronics is the next emerging application in the field of QD market after Healthcare. With the advanced products like QDLED, QD display, QD film etc. are getting commercialized in the market upto some extent. Accuracy in imaging is the fundamental advantage of QD technology and hence it is one of the promising technologies in the field of Healthcare, Optoelectronics and Surveillance etc.
Lighting industry is a very huge industry and after the introduction of efficient like LED lighting, this industry has taken a huge leap. LED lighting and fixtures market is growing significantly from past few years and expected to grow rapidly. Now companies are looking for the alternate technology for LED lighting, QD lighting will fulfill the need of companies; it is highly efficient and cost effective lighting. QD vision has collaborated with Nexxus lighting to launch their first QD LED light, and soon it will capture the market. Likewise, company is also working on QD display.
QD technology will play a crucial role in solar energy industry as well. Researchers have developed QD based solar cell, which is 50% as efficient as conventional solar cell. University of Toronto has achieved an efficiency of 4.2% conversion with a solar cell that is based on colloidal QDs (CQD). Researchers are also working on QD based paint that can be applied to panels or walls to capture solar energy.
Global QD technology-products and applications market is expected to reach $7480.25 million by 2022, at an estimated CAGR of 55.2%. Americas is holding a leadership position in total QD technology market followed by Europe and APAC. In ROW market, Middle East and Africa are the largest contributors.
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