LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global quantum dots display market provides an analysis on the most important trends expected to impact the market outlook from 2016-2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The top four emerging trends driving the global quantum dots display market according to Technavio hardware and semiconductor research analysts are:
- Need for more bright, vibrant, and high resolution displays
- Joint venture and strategic partnership with OEMs
- Growing interest of investors in quantum dot technology
- Increased adoption in optoelectronics
Need for more bright, vibrant, and high resolution displays
According to the latest report by Technavio, the demand for large and high-resolution displays is increasing at a rapid pace, which has compelled manufacturers to incorporate high-resolution displays in electronic devices. Some of the display technologies incorporated by OEMs in smartphones, UHD TVs, and tablets are active matrix organic light emitting diode (AMOLED), LCD, OLED, and super AMOLED, which offer better display quality. However, majority of device manufacturers use LCD due to low manufacturing cost and energy consumption. Color quality of LCDs can be enhanced by placing LED or quantum dot light-emitting diode (QLED) backlight. Quantum dots are also used in UHD TVs to enhance the color gamut.
Sunil Singh, a lead analyst from Technavio, specializing in research on displays says, “In 2015, there were only a few number of smartphones and tablets with quantum dot displays due to high cost of incorporating quantum dots in these devices. However, when the quantum dot suppliers achieve economies of scale, the price of quantum dots is expected to decline. As a result, we expect the market for quantum dots for smartphones and tablets to increase over the next four years.”
Joint venture and strategic partnership with OEMs
Quantum dot suppliers are establishing strategic partnerships with OEMs to stay competitive in the market. These strategic partnerships and agreements with several OEMs are leading to high adoption of quantum dots for display applications.
In 2012, Nanosys and 3M Optical Systems entered into a strategic partnership to develop quantum dot enhancement film (QDEF) technology for consumer electronic displays such as smartphones, tablets, and UHD TVs
In 2013, Nanoco signed an agreement to provide Dow Electronic Materials with exclusive worldwide rights for the sale, marketing, and manufacturing of its CFQD for consumer electronic displays
In 2015, Tongfang Global partnered with QD Vision to develop new quantum dot UHD TVs based on QD Vision’s Color IQoptics
Growing interest of investors in quantum dot technology
Quantum dot technology has not only generated interest among vendors and consumers but has also attracted investors worldwide. In 2011, QD Vision received USD 22 million funding from investors, including North Bridge Venture Partners, Highland Capital Partners, In-Q-Tel, DTE Energy Ventures, Passport Capital, Novus Energy Partners, and Capricorn Investment Group. In 2013, it received USD 20 million funding from the same investors to increase the production capacity for quantum dot materials. This trend is expected to relieve some pressure for vendors and will help them increase their production capacity to fulfil quantum dot requirements from OEMs on a timely basis.
Increased adoption in optoelectronics
Quantum dots are used in LCD devices such as TVs, smartphones, and tablets. These devices use LED backlights for display. A film of quantum dots is inserted between the backlight and the display to enhance the color gamut. Size tenability and narrow color-band frequency emission enable quantum dots to manage the brightness of the display while ensuring 80% less power consumption than LCD and OLED displays. Samsung and Sony are developing quantum dot-based 4K and 8K LED LCD TVs due to cost benefits.
“Quantum dots are also used in other optoelectronic devices such as lasers and telecom components to increase their efficiency. The footprint of quantum dots in optoelectronics, which is currently low, is expected to pick up with the growth in product development in the coming years,” adds Sunil.
Browse Related Reports:
- Global Quantum Dots Market 2015-2019
- Global Heads-up Display Market 2016-2020
- Global AMOLED Display Market 2016-2020
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
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