Global Quantum Dots Market : Applications, Technology Trends, Growth Drivers and Challenges – Semiconductor & Electronics Industry Insights
The global quantum dots market was worth $961.4 million in 2014, and it is expected to grow at a CAGR of 30.4% during 2015-2020. Cadmium Selenide (CdSe) based quantum dots dominated the global market in 2014 with 30.3% share; whereas, among applications, the optoelectronics accounted for the highest share of 39.7% in global quantum dots market in the same year. Quantum dots market is escalating with high growth rate due to several favorable macro-economic factors, such as people’s growing fascination towards new technologies and their increasing disposable incomes. Rising urbanization have been imparting positive impact on electronics market, as people are increasingly adopting new technology to make their daily chores easier and experience better results from the electronics. The application of nanotechnology is growing across several other industries such as optics, healthcare, renewable energy, and security and surveillance. Quantum dots market in developing economies, such as Asia-Pacific, Africa, and Latin America, have been growing at a significant pace due to rising economic active population that is increasing people’s buying power.
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