May 22, 2012 - ATR-Newswire -- Quantum dots (QD) will grow to a $7480.25 million market by 2022, at a ten-year compound annual growth rate (CAGR) of 55.2%, according to Electronics.ca Publications’ report, "Quantum Dots (QD) Market - Global Forecast & Analysis 2012 - 2022."
Quantum dots are advanced semiconductor nanoparticles that output power/light according to nanoparticle size, from 2 to 10nm, and input source. Quantum dots are produced in a variety of methods, such as advanced epitaxial growth in nanocrystals, ion implant, and advanced lithography patterning. Work is being done on continuous-flow microreactors for QD fab, transfer printing, "cooking," and other process technologies.
Quantum dots are primarily in research stages for most applications, with the exception of healthcare. Healthcare benefits from the high precision in tissue labeling, cancer therapy, tumor detection, etc. that QD-based devices can provide.
Other promising application areas include light-emitting diode (LED) products. LED lighting is growing and set to expand dramatically. QD lighting is highly efficient and cost-effective. QD Vision has collaborated with Nexxus Lighting to launch its first QD LED light. QD displays are a related application area. QD Vision recently sold unspecified "quantum dot electroluminescent devices" to the US Department of Defense.
Solar cells are also incorporating quantum dots to control cell efficiency. University of Toronto has achieved an efficiency of 4.2% conversion with solar cell based on colloidal QDs (CQD). Researchers are also working on QD-based paint that can be applied to panels or walls to capture solar energy.
The Americas hold a leadership position in the QD technology market; followed by Europe and Asia-Pacific and China (APAC). Other areas of activity include the Middle East and Africa.