Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
share
Email Facebook Twitter Google+ LinkedIn Comments

  • QD Market to Reach $8246.8M by 2023

BioPhotonics
Oct 2014
Growing at a compound annual growth rate of 53.8 percent, the global market for quantum dots (QDs) is expected to reach $8246.8 million by 2023, according to a report published by Transparency Market Research of Albany, N.Y.

The expected increase is due to increasing demand for energy-efficient displays and lighting solutions. Light-emitting QDs are useful in the field of electroluminescent displays for color purity, bright images and energy efficiency. The health care sector is also likely to expand the market as QDs continue to be used for drug delivery, cell tracking and biological imaging. Their use in solar cells and large-scale integration systems is anticipated to further compound this increase.

North America was the QD market leader in 2012, with the Asia-Pacific expected to see the fastest increase at a compound annual growth rate of 55.4 percent from 2013 to 2023. This expansion is attributed to the growing demand for solar energy and optoelectronics.


GLOSSARY
quantum dots
Also known as QDs. Nanocrystals of semiconductor materials that fluoresce when excited by external light sources, primarily in narrow visible and near-infrared regions; they are commonly used as alternatives to organic dyes.  
Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x Subscribe to BioPhotonics magazine - FREE!