|By PR Newswire||
|April 21, 2014 10:13 AM EDT||
PORTLAND, Oregon, April 21, 2014 /PRNewswire/ --
According to a new research report published by Allied Market Research titled "Quantum Dot (QD) Market - Global Analysis, Growth, Trends, Opportunities, Size, Share and Forecast through 2020," the global quantum dots (QD) market accrued revenue of $316 million in 2013 and it is expected to grow to $5,040 million by 2020 at a CAGR of 29.9% during 2014-2020. However, the volume consumption will grow a much faster rate of 116.5% during the same period to reach 72 ton in 2020. The high volume-value growth gap will be resultant of faster price erosion during the analysis period. The decline in prices can be attributed to the refinement of manufacturing technologies & mass production processes and high volume demand.
To read more, get a sample copy or to purchase the complete report, visit: http://www.alliedmarketresearch.com/quantum-dots-market
The key drivers for the growth of the QD market are efficient conversion of solar energy into power, rising use volume driven display devices and utility in multiple applications. Additionally, this technology is more efficient than conventional technologies. From the competitive scenario, display and lighting equipment manufacturers are eager to bring out QD based products, which is currently the prime factor for quantum dot market growth. "The QD display market is set to grow exponentially as many companies such as Sony Corp., LG Display etc. are getting into alliance with QD technology providers to commercialize QD displays, especially TV sets," note analysts Shreyas Naidu and Priyanka Gotsurve. "The QD technology enhances the color display by at least 50% and it is also an energy efficient technology," analysts added.
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However, some of factors such as high cost of technology and slow adoption due to extended research are currently serving as the restraints for the market growth. Although, mass manufacturing and bulk purchasing will quickly negate the cost constraints. The further penetration of the technology in newer applications such as security & defense, food, and packaging will provide the essential future growth thrust to the market. Furthermore, future use of newer and cost effective materials will provide the QD market an added competitive edge over other competitive materials such as organic dyes.
Among geographic markets, North America has the highest revenue share due to early adoption. The region is expected to grow consistently and attain revenue of $1.92 billion by 2020. However, Asia-Pacific is expected to have the highest CAGR of 30.4% for the analysis period 2013-2020.
Similar market studies by Allied Market Research
Real Time Locating Systems Market
The global real time locating system (RTLS) market provides tracking technologies for assets and human resource of the organizations to increase their operational efficiency. The RTLS market is expected to grow at a CAGR of 20.7% for the analysis period of 2012 to 2020. The key driving factor for the growth of the market is the provision for precise asset tracking. For example, healthcare facilities have to invest more money for lost devices in the absence of tracking technologies. When an efficient RTLS is implemented, the devices can be easily tracked, amounting to savings of at least 25 to 30 percent.
Global Ultracapacitors Market
Ultracapacitor is an electrical component that can hold hundred times more charge quantity compared to a normal capacitor. Global capacitor market having a 2.5% CAGR is expected to touch $20.2 Billion revenue mark by 2018. A major driver for ultracapacitor market is in electrical smart meters. The smart meters market has CAGR of 18.7% and the market is expected to reach a demand of 148 million units by 2018.
IP Video Surveillance and VSaaS Market
IP Video Surveillance and VSaaS Market, is growing at significant growth rate. Increasing adoption of advance surveillance systems by the government sector and increased maintenance cost of existing surveillance system are major driving forces assisting in adoption of IP surveillance system. This report provides information about growth potential of the market for global players and researchers. The report delivers key intelligence about future trends in IP surveillance market.
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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