Quantum Dot Display (QLED) Market Size, Share, Growth, And Industry Analysis, By Type (QDEF and QLED), By Application (TV, Monitor, Smartphone, and Others), and Regional Forecast From 2024 To 2032

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Quantum Dot Display (QLED) Market Report Overview

The global quantum dot display (qled) market size was valued at USD 4.43 billion in 2023 and is projected to grow from USD 5.72 billion in 2024 to USD 45.27 billion by 2032, exhibiting a CAGR of 29.2% during the forecast period. Asia-Pacific holds leading position in quantum dot display (qled) market share in 2023.

Quantum dot displays (QLED) are a type of display technology that uses quantum dots to produce brighter and more vivid colours. A quantum dot is a tiny semiconductor crystal that emits light at a specific wavelength when it is stimulated by energy, such as light or electricity. In a QLED display, a layer of quantum dots is placed between the backlight and the LCD (liquid crystal display) panel. The backlight produces white light, which is then filtered through the quantum dot layer. The quantum dots absorb the light and emit a narrow range of colours, producing more accurate and vibrant colours.

One of the advantages of QLED displays is their ability to produce a wider colour gamut than traditional LCD displays, which allows for more accurate and vibrant colours. They are also more energy-efficient than OLED displays, as they do not require individual pixel illumination. Additionally, QLED displays have a longer lifespan than OLED displays, as they are less susceptible to burn-in.

COVID-19 Impact: Pandemic Hamper the Demand of Quantum Dot Display (QLED) to Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the quantum dot display (QLED) market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic has had an impact on many industries, including the display industry, including QLED displays. One of the effects of the pandemic on the QLED display industry is that it has caused disruptions in the global supply chain. The pandemic has led to lockdowns, restrictions on travel, and factory closures, which have affected the production and delivery of QLED display components, including quantum dots. This has resulted in delays in the production and delivery of QLED displays.

Latest Trends

"Longer-Lasting Quantum Dot MaterialsWill Uplift Market Growth"

QLED technology uses Mini LED backlighting. Mini LED refers to a type of LED that is much smaller than traditional LEDs, with sizes ranging from 100 to 200 microns. By using Mini LED backlighting, QLED displays can achieve even greater contrast ratios and brighter, more vibrant colors. Also, the development of more efficient andlonger-lasting quantum dot materials. Manufacturers are researching and developing new quantum dot materials that can deliver brighter, more accurate colors while also being more durable and energy efficient.

Quantum Dot Display (QLED) Market Segmentation

• By Type Analysis

According to type, the quantum dot display (QLED) market can be segmented intoQDEF and QLED.

In terms of type, the QDEF is anticipated to be the largest segment during the forecast period.

• By Application Analysis

Based on application, thequantum dot display (QLED) market can be divided into TV, monitor, smartphone, and others.

In terms of application, the TV market is projected to hold the largest quantum dot display (QLED) market share through 2028.

Driving Factors

"Improved Color Accuracy and Vibrancy Will Promote Market Growth "

QLED technology delivers a wider color gamut, which allows for more accurate and vibrant colors. This is achieved by using quantum dot particles that emit precise colors when stimulated by light. QLED displays can deliver high levels of brightness and contrast, thanks to their ability to produce pure, saturated colors. This makes them ideal for use in brightly lit environments or for displaying HDR content.

"Awareness About Energy Efficiency Will Boost Market Growth "

Compared to other display technologies, QLED displays are relatively energy efficient. This is because they use quantum dots to produce light, which requires less power than traditional backlighting methods. Quantum dot materials used in QLED displays are highly durable and can resist degradation over time. This means that QLED displays can maintain their color accuracy and brightness levels for a longer period of time than other display technologies.

Restraining Factors

"Increasing of Production Cost Will Impede Market Growth"

The widespread adoption of Quantum Dot Displays (QLED) is the cost of production. Although QLED displays offer many benefits such as wider color gamut, higher brightness, and energy efficiency, they are still more expensive to produce than other display technologies. The production of Quantum Dots, which are the core technology behind QLED displays, requires expensive and sometimes toxic materials such as cadmium or indium. This increases the production costs and limits the scalability of QLED display production.

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Quantum Dot Display (QLED) Market Regional Insights

"The Asia Pacific Region Will Dominate Market Due to Strong Demand of Advanced Display Technologies "

Quantum Dot Displays (QLED) are gaining popularity globally, with Asia Pacific being the largest market for QLED displays. The region has witnessed significant growth in the consumer electronics industry, driven by the increasing demand foradvanced display technologies and rising disposable income.

North America is also a significant market for QLED displays. The growth in these regions is driven by the increasing adoption of advanced display technologies in various industries, such as healthcare, gaming, and automotive. The demand for high-quality displays with advanced features such as higher resolution, wider color gamut, and higher brightness is also driving the growth of the market in these regions.

Key Industry Players

"Adoption Aluminum Recycling Services by Key Players Influencing Market Development"

The top key players in the market areSamsung, AUO, CSOT, Innolux, BOE. Most of the top players hold the quantum dot display (QLED) market share. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the quantum dot display (QLED) market growth in the competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession of market shares by the key players stimulates the quantum dot display (QLED) market.

LIST OF TOP QUANTUM DOT DISPLAY (QLED) COMPANIES

• Samsung (South Korea)
• AUO (China)
• CSOT (China)
• Innolux (Taiwan)
• BOE (China)

Report Coverage

This report examines an understanding of the quantum dot display (QLED) market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.