Quantum Dot Market worth $23.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

CHICAGO, May 10, 2024 /PRNewswire/ — The Quantum Dot Market is expected to reach USD 23.9 billion by 2029 from USD 10.6 billion in 2024, at a CAGR of 17.7% during the 2024–2029 period according to a new report by MarketsandMarkets™. The major factors driving the growth of the quantum dot market include the increasing integration of quantum dots in solar cells and surging adoption of quantum dots in image sensors.

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Browse in-depth TOC on “Quantum Dot Market

120 – Tables

65 – Figures

215 – Pages

Quantum Dot Market Report Scope:

Report Coverage


Market Revenue in 2024

$ 10.6 billion

Estimated Value by 2029

$ 23.9 billion

Growth Rate

Poised to grow at a CAGR of 17.7%

Market Size Available for


Forecast Period


Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Material, Product, Display, Vertical and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Existence of environmental regulations for quantum dots

Key Market Opportunities

Growing adoption of quantum dots in healthcare sector

Key Market Drivers

Accelerating demand for quantum dot based displays

Cadmium-free quantum dots is expected to have the largest market size in the quantum dot market during the forecast period.

Due to the emergence of viable alternatives, manufacturers are transitioning extensively from cadmium-based quantum dots to cadmium-free quantum dots. Cadmium-free quantum dots provide a safer and more sustainable option for both manufacturers and consumers, offering the color benefits that are associated with the technology without the toxicity risks or potential regulatory constraints. These cadmium-free quantum dots are used in displays, lighting/LED products, solar cells, and medical devices which thereby drives the market growth of the cadmium-free quantum dots.

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Asia Pacific is anticipated to register the highest CAGR in the quantum dot market during the forecast period.

Asia Pacific is expected to project the highest CAGR during the forecast period which is attributed to presence of several established display manufacturers such as SAMSUNG DISPLAY (South Korea), and TCL China Star Optoelectronics Technology Co.,Ltd. (China), along with the surging demand for quantum dots by display manufacturers. Currently, several products are in the pre-commercialization phase, with plans for deployment in batteries, energy storage systems, solar cells, and solid-state lighting solutions in the coming years. As a result, Asia Pacific is expected to lead the quantum dot industry in the near future. Furthermore, accelerating developments and advancements in the quantum dot market is expected to further drive the market growth in the region.

Key Players

The report profiles key players in quantum dot companies such as AUO Corporation (Taiwan), BOE Technology Group Co., Ltd. (China), SAMSUNG DISPLAY (South Korea), LG DISPLAY CO., LTD. (South Korea), TCL China Star Optoelectronics Technology Co., Ltd. (China), SHOEI CHEMICAL, INC. (Japan), American Elements. (US), HANSOLCHEMICAL (South Korea), Nanoco Group plc (UK), Avantama AG (Switzerland), NNCrystal US Corporation (US), Ocean Nanotech (US), Quantum Materials Corp (US), Quantum Solutions. (UK), and Merck KGaA (Germany).

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