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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Qled Display Market
Request Now !QLED (Quantum dot light emitting diode is an advanced display technology that uses photoluminescent quantum dots to emit light. Quantum dots are nanoscale crystals that can transmit electrons when exposed to ultraviolet light. These semiconducting particles can emit light of different colors. QLEDs have high scope in next generation electronic displays and optical communication technology. They produce precise color with better accuracy in picture resolution and tunable color solution to display. Â
QLEDs demonstrate better contrast ratio than conventional liquid crystal displays (LCD) or light emitting diode (LED) as they are energy-efficient with longer lifespan. This technology is in high demand in the healthcare and consumer electronics sector, owing to features such as light-weight, ultra-thin and flexible infrastructure which produces high resolution images. QLED displays are highly praised for their viewing quality and offer the best viewing angle. Innovations in this unique quantum dot technology enhances product standard and quality in the market. Due to extensive use of this technology, the QLED display market share is expected to grow at a significantly high rate in the future.
COVID-19 IMPACT ANALYSIS:
Rise in adoption of ultra-HD and smart displays such as smartphones and TVs; affordability and easy-availability of raw materials for QLED technology; and surge in implementation of quantum dots in display and lighting act as major drivers for the QLED display market analysis. However, stringent government regulations regarding use of toxic cadmium compounds and other heavy metals in manufacture of quantum dots technology; intense competition; comparatively lower response time than OLEDs; and maintenance issues due to lack of skilled workforce are some major factors that hamper the QLED display market growth.
Furthermore, due to ongoing improvements in QD performance, it is being widely adopted for medical imaging as an alternative to fluorescent probes in the healthcare and defense services. In addition, innovations in this flexible display technology is expected to offer lucrative opportunities for the QLED display industry players from the sports and entertainment industry.
Launch of new products with improved competitive capabilities such as larger screen and brighter images with vivid colors have been introduced by key market players to enlighten user-viewing experience.Â
Technology breakthroughs in the display industry are able to produce innovative consumer products every year. For instance, in April, 2020, Samsung, a South Korean multinational conglomerate, unveiled its flagship Q950TS QLED 8K TV, which comes with 8K AI upscaling abilities, AI quantum processor, voice assistance, and various other features. This QLED display is assisted with an ultra-thin form factor and an infinity screen with ultra-thin bezel producing 99% body to screen ratio. Therefore, new product launches by market leaders in the QLED display industry is opportunistic for the QLED display market trends.
Manufacturers are focused on producing new products for specific applications. Use of high-quality, high performance QD-enhanced LED techniques for displays in automotive vehicles is expected to undergo a significant revolution.
In January, 2020, Sony launched its new Vision-S, which comes with intuitively operated panoramic screens, 360 reality audio in speaker with incorporated AI and cloud technologies. The panoramic screen stretches across the front dashboard. Consumers would get the same kind of visual experience that they get on their personal electronics. QLED display within automotive with direct-lit backlight technology allows increased power savings. This cost-effective and scalable solution offers flexible light to the automotive industry, thus promoting growth opportunities.
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Key benefits of the stakeholders:
Questions answered in the QLED Display Market research report:
QLED Display Market Report Highlights
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Key Market Players | Nanoco Group plc, Dow chemical company, Ocean Nanotech LLC, Quantum Materials Corp., LG Display Co. Ltd., Nanosys Inc., Microvision Inc., Sony Corp., TCL Corp., InVisage Technologies, Others |
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