Quantum Dot Companies - AUO Corporation (Taiwan) and BOE Technology Group Co., Ltd. (China) are the Key Players
The quantum dot market is estimated to be worth USD 10.6 billion in 2024 and is projected to reach USD 23.9 billion by 2029, at a CAGR of 17.7% during the forecast period. The growing deployment of quantum dots in display applications is a key factor that contributes towards the market growth of quantum dots. Moreover, increasing use of quantum dots for biological and medical imaging is expected to provide growth opportunities for market players offering quantum dot products.
The major players in the quantum dot market with a significant global presence are AUO Corporation (Taiwan), BOE Technology Group Co., Ltd. (China), SAMSUNG DISPLAY (South Korea), LG DISPLAY CO., LTD. (South Korea), and TCL China Star Optoelectronics Technology Co., Ltd. (China). The market players have adopted various strategies such as product launches, agreements, collaborations and acquisitions to strengthen their position in the quantum dot market. The organic and inorganic strategies have helped the market players to expand themselves globally by providing innovative and advanced quantum dot devices.
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Major Quantum Dot companies include:
AUO Corporation (Taiwan) integrates cadmium free quantum dots in its LCD panels for TVs which is a 85-inch Bezel-less 8K4K ALCD TV Display that integrates quantum dot wide color gamut technologies to deliver advanced image quality. The company focuses on organic growth strategies, for instance, in August 2018, the company launched its 85-inch Bezel-less 8K4K ALCD TV Display to strengthen its position in the market.
BOE Technology Group Co., Ltd. (China) is a IoT company offers BOE AMQLED Display Technology that is an innovative application of quantum dot technology in the display field. AMQLED possesses inorganic quantum dots as self-luminous materials which deliver longer service life and lower cost as compared to organic light-emitting materials. The AMQLED displays are 5-inch and 14-inch in size. The company focuses on organic growth strategies such as product launches. For instance, in May 2023, BOE Technology Group Co., Ltd. announced that it has successfully developed a 4.7-inch 650 PPI Active-Matrix Quantum Dot Light-emitting Diode (AMOLED) display prototype based on direct photolithography technology of quantum dots in QLED (DP-QLED) to strengthen its position in the market.
SAMSUNG DISPLAY (South Korea) is a state-of-the-art technology company that provides QD-OLED display panels that cater to display applications and medical devices. The QD-OLED is a self-luminous display that consists of a TFT layer which is an electronic circuit that controls the light emitting layer, a light source that emits light, and a QD light emitting layer that expresses colors by using the light emitted from the light source. The company focuses on growth strategies to strengthen its position in the market, for instance, in April 2024, the company launched its new QD-OLED reference monitors in collaboration with renowned broadcast monitor brands SmallHD and Flanders Scientific Inc. (FSI). These monitors are used on film and broadcast productions to check the quality of footage or to calibrate color tones and images to match content concepts. These monitors are essential tools for ensuring the high quality of captured footage, enhanced accuracy in color reproduction, black depth and luminance.
LG DISPLAY CO., LTD. (South Korea) integrates quantum dots in its OLED TV panels which are produced using the EX-technology. These products offer up to 30% higher brightness than conventional OLED displays. The company focuses on organic growth strategies such as product launches. For instance, In December 2021, LG DISPLAY CO., LTD. launched its OLED TV technology ‘OLED EX’. This display uses LG Display’s deuterium and personalized algorithm-based ‘EX Technology,’ which helps to boost the overall picture quality by enhancing brightness up to 30 percent as compared to conventional OLED displays.
TCL China Star Optoelectronics Technology Co., Ltd. (China) is a company that offers quantum dot-based Mini-LED display panels that is used for high-end emissive TV displays. This panel provides an immersive and boundless visual which creates an ecological development with low power consumption.
Related Reports:
Quantum Dot Market by Material (Cadmium-based Quantum Dots, Cadmium-free Quantum Dots), Product (Displays, Lasers, Solar Cells/Modules, Medical Devices, Photodetectors/Sensors, LED Products), Display, Vertical and Region - Global Forecast to 2029
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