Quantum dot
Quantum dots (QD) are a form of nanotechnology. They are very small particles or crystals of a semiconducting material in the range of 2-10 nanometers (10-50 atoms) diameter. They emit light at very specific frequencies depending on their size. They are used in applications such as LCD screens.
According to a new research report published by Allied Market Research, 'Quantum Dot (QD) Market - Global Analysis, Growth, Trends, Opportunities, Size, Share and Forecast through 2020', the global quantum dots (QD) market accrued revenue of $316 million in 2013 and it is expected to grow to $5,040 million by 2020 at a CAGR of 29.9% during 2014-2020.
However, the volume consumption will grow at a much faster rate of 116.5% during the same period to reach 72 ton in 2020. The high volume-value growth gap will be the result of faster price erosion during the analysis period. The decline in prices can be attributed to the refinement of manufacturing technologies and mass production processes and high volume demand.
The key drivers for the growth of the QD market are the 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. Display and lighting equipment manufacturers are keen to bring out QD based products, and currently this is 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.
However, some factors, such as the high cost of technology and slow adoption due to extended research periods are currently serving as the restraints for the market growth. Although, mass manufacturing and bulk purchasing will quickly negate the cost constraints. The further penetration of the technology in newer applications such as security and defense, food, and packaging will provide essential future growth to the market. Furthermore, the future use of newer and cost effective materials will give the QD market a competitive edge over other competitive materials such as organic dyes.
Among geographic markets, North America has the highest revenue share due to early adoption. The region is expected to grow consistently and attain a revenue of $1.92 billion by 2020. However, Asia-Pacific is expected to have the highest CAGR of 30.4% for the analysis period 2013-2020.
[edit] Related articles on Designing Buildings
- Bills of quantities.
- Code of measuring practice.
- Cost consultant.
- Could the buildings of the future be made with bones and eggshells?
- Damages.
- Dispute resolution.
- DurabRoads.
- Nanomaterial.
- NanoPigmy.
- Quantity.
- Quantum meruit.
- Quantum.
- Smart materials.
- Taking off.
- Unprecedented innovation and new technologies on the horizon.
Featured articles and news
Government consultations for the summer of 2025
A year of Labour, past and present consultations on the environment, the built environment, training and tax.
CMA competitiveness probe of major housing developers
100 million affordable housing contributions committed with further consultation published.
Homes England supports Greencore Homes
42 new build affordable sustainable homes in Oxfordshire.
Zero carbon social housing: unlocking brownfield potential
Seven ZEDpod strategies for brownfield housing success.
CIOB report; a blueprint for SDGs and the built environment
Pairing the Sustainable Development Goals with projects.
Types, tests, standards and fires relating to external cladding
Brief descriptions with an extensive list of fires for review.
Latest Build UK Building Safety Regime explainer published
Key elements in one short, now updated document.
UKGBC launch the UK Climate Resilience Roadmap
First guidance of its kind on direct climate impacts for the built environment and how it can adapt.
CLC Health, Safety and Wellbeing Strategy 2025
Launched by the Minister for Industry to look at fatalities on site, improving mental health and other issues.
One of the most impressive Victorian architects. Book review.
Common Assessment Standard now with building safety
New CAS update now includes mandatory building safety questions.
RTPI leader to become new CIOB Chief Executive Officer
Dr Victoria Hills MRTPI, FICE to take over after Caroline Gumble’s departure.
Social and affordable housing, a long term plan for delivery
The “Delivering a Decade of Renewal for Social and Affordable Housing” strategy sets out future path.
A change to adoptive architecture
Effects of global weather warming on architectural detailing, material choice and human interaction.
The proposed publicly owned and backed subsidiary of Homes England, to facilitate new homes.
How big is the problem and what can we do to mitigate the effects?
Overheating guidance and tools for building designers
A number of cool guides to help with the heat.
The UK's Modern Industrial Strategy: A 10 year plan
Previous consultation criticism, current key elements and general support with some persisting reservations.
Building Safety Regulator reforms
New roles, new staff and a new fast track service pave the way for a single construction regulator.
Comments
Thanks for sharing this informative information!! but what is the future use of this quantum Dots and its Market Value