The global quantum dot market is expected to see substantial growth over the next decade, expanding from USD 6 billion in 2023 to an anticipated USD 28.84 billion by 2033. This rapid increase is largely attributed to ongoing technological advancements. Quantum dots, which are a type of semiconductor, are extremely small, measuring in nanometres. Their unique optical and electrical properties stem from their tiny size, which allows them to exhibit quantum mechanical characteristics. These properties make them ideal for applications requiring precise and vibrant imaging, such as LED TV displays. The ability of quantum dots to emit or reflect specific light colours with high precision has significant implications for industries like healthcare, where they are used in imaging-related diagnoses. Additionally, their role in the efficient conversion of light energy into electrical energy is crucial for solar panel technology. As emerging technologies continue to develop, the potential uses of quantum dots may expand even further.
In 2023, the market saw significant activity across various segments. Colloidal synthesis emerged as the leading technique, capturing a 37% share of the market with revenues of USD 2.22 billion. The QD displays segment also showed strong performance, holding the largest market share of 35% within the product type segment, generating USD 2.10 billion in revenue. Meanwhile, the healthcare sector led the application segment, dominating with a 36% share and revenues of USD 2.16 billion.
With the increasing adoption of quantum dots in various sectors, the market is poised for continued growth, revealing the full potential of this technology in the coming years.
Nanoco Group PLC (LON:NANO) leads the world in the research, development and large-scale manufacture of heavy metal-free nanomaterials for use in displays, lighting, vertical farming, solar energy and bio-imaging.
