Published Date : Mar 26, 2018
Albany, New York, March 26, 2018: Recent technological advances are spoiling consumers with myriad choices. This has rendered discerning consumers more cautious. In a bid to woo customers, and sustain a steady growth, businesses seldom shy away from investing in technological advancements. A product of this trend is quantum dot LED (QLED) display, which is likely to be a more durable version of the currently available OLED displays. MarketResearchReports.biz has recently added to its repository a report, titled “Quantum Dot LED (QLED) Display Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” which provides an reports of the various factors fuelling the demand for QLEDs. The report also gauges its trajectory over a period, covering various growth drivers, restrains, and potential opportunities.
In order to keep pace with dynamic business trends, companies often maintain a competitive pricing. This has bolstered available choices for customers, same is true in case of ultra-high definitions. This, coupled with the rising use of quantum dots in various applications such as lighting and display, will offer lucrative prospects for growth. Several benefits can be achieved from using quantum dots, which has led to their increasing application in optoelectronics instruments such as LEDs. This in turn has increased the scope of adoption in optical communication technology and next generation electronic displays.
On the downside, the OLED display market often involves the use of toxic cadmium compounds. Stringent regulations curbing the use of cadmium compounds and other heavy metals, which can cause hazards, in the manufacturing of quantum dot technology may hinder the market’s trajectory to an extent.
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For the purpose of the study, the report has segmented the global quantum dot LED display market based on various parameters. In terms of application, the market is expected to witness significant growth in the cameras segment. The rising demand for high resolution images, which is triggered by the increasing fondness to post high definition images in social media websites will augur well for the QLED display market. Besides this, the application in the television segment is forecast to increase considerably in the forthcoming years giving market lucrative scope for expansion.
Regionally, North America is likely to remain one of the most lucrative markets for QLED display through the course of the forecast period. Its involvement in various research and development activities to develop scientifically superior nanoparticles and upgrade display technologies will catapult North America to the global market’s fore. While North America may enjoy an early adopter advantage, Asia Pacific will soon catch up exhibiting a high CAGR during the coming years. The QLED display market in Asia Pacific is likely to gain from expansion witnessed in the region’s electronics & semiconductor industry. Also the presence of several electronic display vendors in countries such as India, China, Japan, and South Korea will seal Asia Pacific’s position as a lucrative regional market in the global sphere.
To update readers on the prevailing competitive landscape, the report also profiles some of the leading players operating in the global quantum dot LED display market. These include Dow Chemical Company, QD Vision, Nanosys, Inc., Quantum Materials Corp., Sony Corporation, LG Electronics, Samsung Electronics, and TCL Corporation, among others. Some of the other prominent players operating in the global QLED display market are QD Laser, Quantum Materials, NNCrystal U.S. Corporation, Qlight Nanotech, Ocean NanoTech, and InVisage Technologies.
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