FLAME 30
Quantum Dots: Global Market Growth and Future Commercial Prospects
Report Highlights
The global market for quantum dots (QDs) in 2010 was worth an estimated $67 million in revenues. This market is projected to grow over the next 5 years at a compound annual growth rate (CAGR) of 59.3%, reaching almost $670 million by 2015, representing a tenfold increase.
SCOPE OF REPORT
Since their simultaneous discovery in Russia and the U.S. almost 30 years ago, SC QDs, until quite recently, have resided exclusively in the domain of solid state physics, where they have been fabricated using expensive and sophisticated molecular beam epitaxy (MBE) or chemical vapor deposition (CVD) equipment. However, in a relatively short time frame this situation has changed dramatically with the recent commercial availability of colloidal QDs synthesized by less expensive wet-chemical processes. Practically, the availability of QDs in a colloidally dispersed form will help demystify these somewhat esoteric materials. Most importantly, colloidal-QDs now provide access to a much broader audience, which promises to further widen their potential market exploitation.
Since their simultaneous discovery in Russia and the U.S. almost 30 years ago, SC QDs, until quite recently, have resided exclusively in the domain of solid state physics, where they have been fabricated using expensive and sophisticated molecular beam epitaxy (MBE) or chemical vapor deposition (CVD) equipment. However, in a relatively short time frame this situation has changed dramatically with the recent commercial availability of colloidal QDs synthesized by less expensive wet-chemical processes. Practically, the availability of QDs in a colloidally dispersed form will help demystify these somewhat esoteric materials. Most importantly, colloidal-QDs now provide access to a much broader audience, which promises to further widen their potential market exploitation.
Current and future applications of QDs impact a broad range of industrial markets. These include, for example, biology and biomedicine; computing and memory; electronics and displays; optoelectronic devices such as LEDs, lighting, and lasers; optical components used in telecommunications; and security applications such as covert identification tagging or biowarfare detection sensors.
This report probes in considerable depth the early pioneers and champions in this field both in industry, government, and academic laboratories. The most active organizations, promising technical applications, and developments realizable within the next 5 years, will all be highlighted.
ANALYST CREDENTIALS
John Oliver, the author of this report, is the founder of Innov8 Solutions, which provides advanced materials consultation services to various clients. He has more than 30 years of industrial research and development (R&D) experience in surface and colloid science, spanning a wide range of materials technology. Primarily while working as a senior scientist at Xerox Research Centre of Canada, he developed an invaluable understanding in advanced materials used in digital printing technologies such as xerography and ink-jet printing. In the past 10 years, following his involvements with the Alberta Research Council and several local universities, his interests have evolved into the realm of nanomaterials and microsystems device integration. He has a Ph.D. in Physical Chemistry from McGill University, a BSc degree in Chemistry from Surrey University, U.K. His publications include more than 40 peer-reviewed technical articles, 20 patents, and one technical book.
Between 2005 and 2009, he was the editor of BCC’s bimonthly Nanoparticle News and has authored four previous BCC technical reports: Quantum Dots: Technical Status and Market Prospects (NAN027A, NANO27B); Carbon Nanotubes: Technologies and Commercial Prospects (NAN024C); and Carbon Nanotubes: Technologies and Global Markets (NANO24D).
Report Highlights
- The global market for quantum dot (QD) technology generated an estimated $28.6 million in 2008. This is expected to increase at a compound annual growth rate (CAGR) of 90.7% to reach $721.1 million in 2013.
- QDs in the optoelectronics sector are expected to have the largest market share in 2013, worth $245.7 million.
- Stand alone colloidal QDs were the only market sector in 2008, worth $28.6 million. This should increase at a CAGR of 30% to reach $106.1 million in 2013.
Report Highlights
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From a total global market of but $10 million in 2004, revenue is projected to reach $500 million by 2009, at an average annual growth rate (AAGR) of well over 100%.
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During the period, applications of QDs will become more pervasive, transcending electronics, optoelectronics, optics, energy and many other industrial sectors.
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Market and technological evolution will cut pricing from $3,000 to $10,000 per gram today to $250/kg.
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The first products, QD-bioconjugates, were launched in 2002. Impending QD-based product launches include flash-memory and solar roofing tiles, with OLED flexible displays, flexible electronics, white LED lighting and IT-photonics three to five years out.
