Quantum Dot Sensor Market To Reach Valuation Of US$ 972.3 Mn By 2031: Transparency Market Research

October 18 20:28 2021
Quantum Dot Sensor Market To Reach Valuation Of US$ 972.3 Mn By 2031: Transparency Market Research
Quantum Dot Sensor Market is estimated to expand at a CAGR of 20.2% during the forecast period 2021-2031

Transparency Market Research delivers key insights on the global quantum dot sensor market. In terms of revenue, the global quantum dot sensor market is estimated to expand at a CAGR of 20.2% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global quantum dot sensor market.

The global quantum dot sensor market is broadly affected by several factors, including growing demand for more energy efficient consumer electronic devices. Thus, expanding applications of quantum dot sensors in consumer electronics is propelling the global quantum dot sensor market.

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Quantum Dot Sensor Market: Dynamics

Quantum Dots (QD) are semiconductor nano-crystals that have a diameter of around 2-10 nanometers. Quantum dots are nanostructures that carry varied properties based on their shape and material. They are used as active materials in single-electron transistors due to particular electronic properties of the quantum dots. The quantum dot sensor makes use of material that uses the quantum dot technology and a simple method of integration enabling about 95% of an image to be occupied. QDs have a broad absorption spectrum, with wavelengths that range from ultraviolet to visible, depending on the particle size of the quantum dot. QDs are used as active sensor elements in biological applications such as cellular imaging, real-time tracking of cells and molecules, detection of tumors, and observation of cell components.

The past few years have seen substantial increase in demand for more energy-efficient consumer electronic devices such as digital cameras, smartphones, and biological sensors. As quantum dots are efficient acceptors of energy, the increased demand for energy-efficient consumer electronic devices has helped drive the market for quantum dot sensors. For instance, in November 2015, InVisage Technologies Inc. introduced the Quantum 13 camera sensor. This camera sensor records images in low and high light. The camera sensor is an electronic image sensor that uses quantum dot film to capture the light instead of silicon.

Thus, the growing demand for more energy-efficient consumer electronic devices propels the growth of the global quantum dot sensor market. The growing demand from display manufacturers boosts the demand for quantum dot sensors. The use of quantum dots have grown in the past several years, as the display technology enables manufacturers to produce the next generation, high-definition TV, and display screens. Thus, introduction and development of advanced products in the quantum dot sensor market is expected to accelerate the implementation of new products. This is further expected to have a positive impact on the adoption of quantum dot sensors during the forecast period.

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Quantum Dot Sensor Market: Prominent Regions

The quantum dot sensor market in North America is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and growth of the semiconductor industry in the region. The quantum dot sensor market in North America is projected to witness favorable growth during the forecast period backed by sophisticated R&D and manufacturing facilities located in the region. The growth would also be high in the region, due to the high demand for consumer electronics in countries with a large consumer base such as the U.S. and Canada. The tech-savvy nature of consumers in North America also propels the quantum dot sensor market. Furthermore, rising adoption of advanced semiconductor components in developed economies in North America, led by technological advancements and cost efficiency, is projected to drive the market in the region during the forecast period, owing to which, the market is projected to reach US$ 376.6 Mn by 2031. The market in North America is likely to expand at the high CAGR of 20.3% during the forecast period, due to the presence of a large number of players manufacturing quantum dot sensors in the region.

Quantum Dot Sensor Market: Key Players

Key players operating in the global quantum dot sensor market are Apple Inc. (InVisage Technologies Inc.), Nanoco Group PLC., Samsung Group (QD Vision), Merck Group, Teradyne Inc., NN-Labs®, Ocean NanoTech, LLC, OSRAM Opto Semiconductors GmbH, Nanosys, and Quantum Solutions.

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