QLED Display/QD-OLED Display Market Size (2023 - 2030)

The Global QLED Display/QD-OLED Display Market was estimated to be worth USD 4 Billion in 2022 and is anticipated to reach a value of USD 10.18 Billion by 2030, growing at a fast CAGR of 12.39% during the outlook period 2023-2030.

The revolutionary display technology known as QLED (Quantum Dot Light Emitting Diode) produces light using photoluminescent quantum dots. When exposed to ultraviolet light, tiny crystals known as quantum dots can transport electrons. These semiconducting particles can produce a range of coloured light. Next-generation electronic displays and optical communication technology both provide significant potential for QLEDs. With higher picture resolution precision and customizable colour solutions for display, they generate exact colours. Due to their energy efficiency and longer lifespan, QLEDs outperform traditional liquid crystal displays (LCD) or light-emitting diodes (LED) in terms of contrast ratio. Due to qualities like lightweight, ultra-thin, flexible infrastructure that creates high-definition images, this technology is highly sought after in the healthcare and consumer electronics sectors. The best viewing angle is provided by QLED displays, which are highly recognised for their viewing quality. New developments in this special quantum dot technology raise market product standards and quality. As a result of the widespread adoption of this technology, the market share for QLED displays is anticipated to increase going forward.

Global QLED Display/QD-OLED Display Market Drivers:

Growing demand for Quantum dots in display devices is increasing demand in the QLED Display/QD-OLED Display Market.

In addition to having higher brightness and contrast ratios than older screens, modern displays also come in higher resolutions and use less electricity. To boost their market share, display makers are creating models with better specs. Since quantum dot displays provide richer colour resolution, better colour purity, a more immersive high-dynamic-range (HDR) experience, and more energy efficiency than traditional displays, quantum dots are widely employed in display systems. Because of their wide excitation profiles and narrow emission spectra, quantum dots are more effective in changing light into any visible colour. Quantum dots are widely used by producers of displays because they have several improved features.

Increasing demand for electronic products is bolstering growth in the QLED Display/QD-OLED Display Market.

The demand for energy-efficient displays is on the rise, as is the demand from the electronics and semiconductor industries. QLED displays are also becoming more widely used in smartphones, televisions, and other consumer gadgets. The technological developments in the semiconductor and electronics industries are mostly to blame for the rising demand from these sectors. Due to their greater performance compared to other display types, QLED screens are increasingly being used in televisions and smartphones. The desire to reduce power usage has led to an increase in the demand for energy-efficient displays.

Technological advancements in the sector are driving growth in the QLED Display/QD-OLED Display Market.

Applications for biological imaging, targeting, and detection are using quantum dots more and more. The usage of QDs as efficient substitutes for fluorescent probes in biological imaging is expected to propel the technology's development over the forecasted period. Additionally, market growth for healthcare applications is anticipated to be driven by the increased awareness of health and fitness among the world's population. In addition, QLED display industry companies in the sports and entertainment sectors should benefit financially from developments in this flexible display technology.

Global QLED Display/QD-OLED Display Market Challenges:

Intense competition, comparatively slower response times than OLEDs, maintenance issues due to complex parts brought on by a lack of skilled labour, and strict government regulations regarding the use of toxic cadmium compounds and other heavy metals which are hazardous to human health in the manufacture of quantum dots technology are some of the main factors that restrain the growth of the QLED display market.

Global QLED Display/QD-OLED Display Market Opportunities:

Key market participants have launched new products with enhanced competitive capabilities, such as a larger screen and brighter images with vibrant colours, to increase user viewing experience. Every year, the display sector's technological advancements enable the production of new consumer goods. For instance, the South Korean multinational firm Samsung announced its flagship Q950TS QLED 8K TV in April 2020. It boasts 8K AI upscaling capabilities, an AI quantum processor, voice recognition, and several other features. The 99% body-to-screen ratio of this QLED display is made possible by its ultra-thin form factor, infinite screen, and ultra-thin bezel. As a result, the QLED display market trends benefit from new product launches by market leaders in the sector. Manufacturers are concentrating on creating innovative items for certain uses. A considerable revolution is anticipated in the application of high-quality, high-performance QD-enhanced LED methods for displays in automobile vehicles. Sony debuted its new Vision-S in January 2020. It features easily operated panoramic screens, 360-degree audio speakers, and integrated cloud and AI technology. The entire front dashboard is covered by the panoramic display. The visual experience would be similar to what customers are used to from personal electronics. With direct-lit backlight technology, QLED displays in automobiles may save more power. Flexible lighting is provided to the automobile industry by this scalable, affordable solution, fostering prospects for expansion.

COVID-19 Impact on Global QLED Display/QD-OLED Display Market:

The discovery of the coronavirus, a fatal respiratory illness with Wuhan roots, raised severe concerns about global health. The COVID-19 epidemic has hurt China, the world's leading producer of electronic goods, as a result of a significant slowdown in industrial activity. The regional QLED display market as a whole has been impacted by this. The ongoing epidemic has negatively impacted consumer demand for gadgets with integrated displays. Additionally, consumer electronics consumption has decreased annually by an astounding 6-7%. However, a rise in the demand for displays in the healthcare industry, namely for ventilators and respirators, is anticipated to fuel market expansion in the upcoming months. A larger, higher quality surgical display, the 31.5-inch 8MP radiology monitor was unveiled by LG Electronics in December 2019. With the help of LG Nanocell IPS Display technology, it offers cutting-edge functionality and extremely accurate visual quality. Therefore, it is anticipated that the market would develop as demand for these improved monitors in the healthcare industry increases.

Global QLED Display/QD-OLED Display Market Recent Developments:

• In October 2020, Samsung Electronics created industry-leading quantum dots. These quantum dots offer a 20.2% increase in luminous efficiency, a maximum luminance of 88,900 nits, and a lifetime of 16,000 hours for QLEDs.

• In June 2020, Odyssey G9, the first curved gaming display in the world that supports HDR 10+ adaptive technology, was released by Samsung Electronics. It sports a QLED display with quantum dots that provides a 240Hz refresh rate and a 1ms reaction time.

• In May 2021, a major technological business for microLED screens, glo, had been acquired by Nanosys With the acquisition, Nanosys hopes to broaden its product line, improve its development, and use microLED and nanoLED display technology.

• In November 2020, for data communication and industrial applications, QD Laser demonstrated its high-performance semiconductor lasers with high-quality quantum dot/quantum well wafers on a Gallium Arsenide platform.

QLED DISPLAY/QD-OLED DISPLAY MARKET REPORT COVERAGE:

Global QLED Display/QD-OLED Display Market Segmentation: By Material Type

• Cadmium Containing Quantum Dot Display

• Cadmium Free Quantum Dot Display

A new design that could displace LCD panels could be produced as a result of the introduction of quantum display technology to the display market. Leading suppliers of quantum dot displays are creating products with cadmium-free quantum dot technology. Adoption of quantum dots displays will be constrained by strict restrictions limiting the use of cadmium, which will also keep manufacturers from taking advantage of this technology's advantages. In many places, cadmium used in displays has been outlawed. As a result, cadmium-free technology is being adopted by manufacturers of quantum dot displays.

Global QLED Display/QD-OLED Display Market Segmentation: By Type

• QDEF

• QLED

The quantum dot display (QDEF), a kind of flat panel display that use quantum dots to produce images, is upgraded by QLED. In QLEDS, quantum dots are positioned in front of blue LEDs and, depending on their size, emit various colours of light. A sophisticated form of quantum dot display is QLED. Compared to conventional LED displays, it provides superior brightness, contrast, and colour accuracy. A coating of quantum dots is used to create QLED panels, which generate light when an electric current is applied.

Global QLED Display/QD-OLED Display Market Segmentation: By Application

• Quantum Dot Displays for Television

• Quantum Dot Displays for Monitors

• Quantum Dot Displays for Notebooks

• Quantum Dot Displays for Tablets

• Quantum Dot Displays for Smartphones

• Quantum Dot Displays for Medical Devices

The television display market is witnessing an incredible uptake of quantum dot technology. The demand for televisions is rising significantly over the world, and manufacturers are always coming up with new parts to enhance the functionality and aesthetics of contemporary televisions. The quantum dot display's ultra-high quality is turning into a major technological trend in the global television industry. Colours are also a crucial component of displays and are a prominent area of focus for manufacturers when it comes to enhancing displays and raising image quality. Over the projected period, the segment is expected to grow by a factor of six. The use of a Quantum Dot Display in the Monitor aids in boosting the colour accuracy and brightness of the image. With conventional LCDs, it is impossible to produce high-quality images with vibrant colours and deep blacks. Smartphones with Quantum Dot Displays provide higher colour accuracy and contrast. Additionally, it contributes to a larger colour gamut, which results in richer and more vivid colours on the screen. Additionally, it uses less power than conventional LCDs, extending battery life.

Global QLED Display/QD-OLED Display Market Segmentation: By Region

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• South America

Regionally, the North American regional market had a dominant position and is anticipated to expand throughout the projection period. Due to the country's early adoption of QD technology, there is a considerable demand for QLEDs in the U.S. It is anticipated that greater regional demand for QDs in medical and bioimaging applications will result from increased public awareness of health and fitness. To create technologically advanced nanoparticles and integrate them into display systems, the United States is likely to draw significant business investment and high-level research activity. Due to the region's expanding demand from the optoelectronics market segment, the Asia Pacific regional market is expected to expand significantly over the course of the forecast period. The proliferation of the regional sector has been facilitated by the vast number of electronic display providers that are present in nations like China and Japan. Low labour costs and high-quality infrastructure in China, Taiwan, and Korea are thought to present considerable growth prospects for multinationals to invest in and establish QD R&D facilities in the region. China also has an optics valley with over 2,000 high-tech businesses, 70 research institutions, and universities dedicated to advances in optics and photonics.

Global QLED Display/QD-OLED Display Market Key Players:

1. Samsung Electronics

2. Nanosys

3. Nanoco Group

4. NNCrystal US Corporation

5. QD Laser

6. Merck Group

7. NanoPhotonica

8. OSRAM Licht

9. Crystalplex Corporation

10. LG Electronics