Published Date : Jul 23, 2018
ALBANY, New York, July 23, 2018: MarketResearchReports.biz has announced the addition of a new market study to its repository, titled, “Global Quantum Dot Display (QLED) Market Research Report 2018.” A new type of display leveraged in flat panel displays, quantum dot display (QLED) is considered highly futuristic. The report predicts the market to rise at a significant 29.2% CAGR over the course of the forecast period starting from 2018 and ending in 2025. At this pace, the market which was worth US$1.42 bn in 2017 is projected to reach US$ 11 bn by 2025-end.
As per the report, the contours of the global market for quantum dot display (QLED) will be shaped by both industry-specific and macro-economic factors. Rising disposable incomes of people worldwide and the increasing number of super sophisticated electronic products inundating the market are positively influencing the market. The downstream industries of quantum dots display (QLED) products are smartphone, TV, and monitor. Popularity of higher display screens and lowering price of QLED products is expected to further stoke the market.
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The report finds that North America is a dominant region in the quantum dot display (QLED) market because of the sweeping technological progress and massive investments in the electronics industry in the region. With the growing popularity of large screen displays that have high degree of brightness, manufacturers in the region are seen collaborating with one another to offer more evolved products. A noticeable trend in the North America quantum dot display (QLED) market is focus by consumer electronics providers on offering hybrid QLED. The state-of-the-art medical sector is having a significant positive impact on the market in North America. The U.S. is mainly driving the region’s market.
Besides North America, Europe, powered by the U.K., is another major market for quantum dot display (QLED). In many European nations, quantum dot display providers are offering electroluminescent quantum material based displays to better the quality of image. On the back of such positive developments, the market in the region is expected to rise at a healthy clip. A noticeable trend is the uptake of cadmium-free quantum dot displays owing to a ban on it by the European parliament. Asia Pacific market, on the other hand, is mostly concentrated in China and India, which have a large consumer base.
As far as the competitive landscape is concerned, the global quantum dots display (QLED) market is concentrated owing to the leading four companies, namely LG, Samsung, CSOT, and Sharp holding almost 70 percent share in it. Among them South Korean giant Samsung accounts for about half the share in the market. The CSOT is the leader of China quantum dots display manufacturers. In future large sums invested by such deep pocketed players into product development will further boost the market.
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