Quantum Dots (QD) Market Revenue Will Reach $5.04 Billion, Globally, by 2020
The key drivers for the growth of the QD market are efficient conversion of solar energy into power, rising use volume driven display devices and utility in multiple applications. Additionally, this technology is more efficient than conventional technologies. From the competitive scenario, display and lighting equipment manufacturers are eager to bring out QD based products, which is currently the prime factor for quantum dot market growth. "The QD display market is set to grow exponentially as many companies such as Sony Corp., LG Display etc. are getting into alliance with QD technology providers to commercialize QD displays, especially TV sets," note analysts Shreyas Naidu and Priyanka Gotsurve. "The QD technology enhances the color display by at least 50% and it is also an energy efficient technology," analysts added.