Quantum Dot Sensor Market

The global quantum dot sensor market size was valued at $197.7 million in 2020, and is projected to reach $539.9 million by 2030, registering a CAGR of 11.6% from 2021 to 2030. 

The resistance strain type segment has been adversely impacted by the emergence of COVID-19 pandemic.

Quantum dots (QD) are semiconductor nano-crystals with diameters ranging from 2 to 10 nanometers. Quantum dots are nanostructures with different properties depending on their shape and material. Unique electrical properties of quantum dots allow them to be used as active materials in single-electron transistors. Quantum dot sensors make use of quantum dot-based material and a simple integration method that allows around 95% of a picture to be occupied. Depending on the particle size of quantum dots, they have a broad absorption spectrum with wavelengths ranging from ultraviolet to visible. 

Growth of the quantum dot sensor market revenue throughout the world is driven by rise in interest in cutting-edge and productive sensor improvements, as well as growing awareness of energy-efficient arrangements. In addition, the quantum dot sensor market growth is driven by energy efficiency, super superior quality, low cost, and high magnificence.

Several factors influence the global quantum dot sensor market growth, including increased desire for more energy efficient consumer electrical gadgets. Moreover, carbon quantum dots, which apply antiviral characteristics against extremely pathogenic COVID in a part subservient method are gaining traction in the quantum dot sensor industry. Trend-setters are putting their concerted effort wheels in motion to make a full line of short-wave infrared (SWIR) sensors and cameras available in large quantities at a low cost.

Rise in demand for improved sensor technologies is the prime reason that drives growth of the quantum dot sensor industry. Further, miniature size allows flexibility, which accelerates growth of the quantum dot sensor market. Moreover, surge in consumer electronic product applications is very opportunistic for the market growth. Considering these factors, the quantum dot sensor market is estimated to witness rapid growth in the future. 

Penetration of futuristic quantum dot applications is expected to offer lucrative growth opportunities for the market during the forecast period. However, extended research leading to slow adoption and inconsistent size and instability of quantum dots hamper the market growth. Furthermore, rise in awareness of quantum dot technology, considerable investments by market players to commercialize the technology, and various collaborations of industry players to develop new products and applications propel the quantum dot sensor industry growth. 

The global quantum dot sensor industry has been significantly influenced by the COVID-19 outbreak. Electronics manufacturing hubs have been temporarily shut down to limit the COVID-19 spread among individuals. This has majorly affected supply chain of the semiconductor market by creating shortage of materials, components, and finished goods. Lack of business continuity has ensured significant negative impacts on revenue and shareholder returns, which are expected to create financial disruptions in the quantum dot sensor market.

The quantum dot sensor market share is segmented on the basis of type, application, industry vertical, and region. On the basis of type, the market is fragmented into resistance strain type and piezoelectric type. The resistance strain type segment dominated the market, in terms of revenue in 2020, and is expected to follow the same trend during the forecast period. By application, the market is divided into smartphones & laptops, digital cameras, surveillance cameras, medical imaging devices, and others. The market share for the surveillance cameras segment was highest in 2020, and is expected to grow at a high CAGR from 2021 to 2030. By industry vertical, the market is divided into aerospace & defense, automotive, consumer electronics, healthcare, and others. The market share for the consumer electronics segment was highest in 2020, and the automotive segment is expected to grow at a high CAGR from 2021 to 2030.

Top Impacting Factors

Significant factors that impact growth of the quantum dot sensor market include growth in demand for improved sensor technologies, increased flexibility due to its miniature size, and surge in consumer electronic product applications. However, extended research leading to slow adoption and inconsistent size and instability of quantum dots hamper the market growth. On the contrary, penetration of futuristic quantum dot applications is expected to offer lucrative opportunities for the quantum dot sensor market during the forecast period.

Competition Analysis

Competitive analysis and profiles of the major quantum dot sensor market players such as Apple Inc. (InVisage Technologies Inc.), Nanoco Group PLC, Samsung Group (QD Vision), Merck Group, Teradyne Inc., NN-Labs, Ocean NanoTech, LLC, OSRAM Opto Semiconductors GmbH, Nanosys, and Quantum Solutions are provided in this report.  

Key Benefits For Stakeholders

• This study comprises analytical depiction of the quantum dot sensor market along with the current trends and future estimations to depict the imminent investment pockets.
• The overall quantum dot sensor market analysis is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current quantum dot sensor market forecast is quantitatively analyzed from 2020 to 2028 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the market.
• The report includes the quantum dot sensor market share of key vendors and market trends.

 Quantum Dot Sensor Market Report Highlights