Analyst: Quantum dots market to reach $3,415M by 2020
MarketsandMarkets has released its latest report that shows that the total market for quantum dots is likely to reach $3,414.54 million in 2020. Quantum dots (QD) comprise the most advanced area of "semiconductor nanoparticles" wherein a host of massive research activities are being undertaken.
QDs are semiconductor nanoparticles, and as the name suggests, come in sizes ranging from 2-10nm. Due to their miniature property, they are highly versatile and flexible. The uniqueness of QD material lies in the fact that its power intensity depends on the input source and size of QD. There are several ways to confine excitons in semiconductors, resulting in different methods to produce QD market. In general, quantum wires, walls and the dots are grown by advanced epitaxial techniques in nanocrystals produced by chemical methods or by ion implantation, or in nanodevices created from modern lithographic techniques.
The QD market is expected to grow from $108.41 million that it accounts for in 2013, to $3,414.54 million in 2020, at a CAGR of 71.13 percent from 2014-2020. Optoelectronics application is expected to be the major market share holder with an expected revenue generation of $2,458.47 million in 2020.