Quantum dots are semi-conductor nanocrystals that have unique optical and electronic properties. When exposed to light or electrical current, quantum dots are able to absorb and emit certain wavelengths of light. This makes them highly attractive for a wide range of applications including displays, lighting, solar cells, biological imaging, and sensing. With further advances in manufacturing techniques, quantum dots are expected to replace traditional materials used in numerous industries. Their nanoscale size gives them superior properties over bulk materials. The global quantum dots market is projected to grow substantially in the coming years due to the growing demand from various end-use industries.
Market Dynamics:
Key drivers propelling the quantum dots market include superior optical properties compared to conventional fluorophores which is boosting their adoption in display applications. Their tunable light emission abilities make them suitable for a variety of applications. Rising government investments in nanotechnology research is also positively impacting the market growth. However, high production costs and toxicity concerns related to certain semiconductor materials act as restraints. On the other hand, growing focus on printed electronics and emerging applications in solar cells and medical devices present lucrative opportunities for market expansion.
Key features of the study:
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