Quantum Dots Market Demand and Forecast to 2027

Ksnehal05 Jan, 2022Business

As per the analysis by Market Research Future Reports (MRFR), the global quantum dots market is projected to value USD 8,151.07 million with a CAGR of 26.45% by during the forecast period from 2018 to 2025. The key players are making and adopting new strategies to strengthen their market presence. Strategies like partnerships, collaboration, and product development are adopted by the players for market expansion. Furthermore, quantum dots technology is being adopted across several sectors such as defense, electronics, medical, and automotive. Increase in demand for quantum dots in display services, increasing demand for energy-efficient equipment, adoption of quantum dots in solar cells are the major factors propelling the global quantum dots market 2020. On the other hand, the usage of toxic and heavy metals, high-cost of quantum dots is the estimated cause of restricting the market from expansion.