Los Angeles, January 16, 2020 - QY Research recently published a report titled, “Global Quantum Dot Display (QLED) Market Research Report 2020”. The global quantum dot display (QLED) market is valued at US$2 bn in 2020 is expected to reach US$14 bn by the end of 2026, rising at a CAGR of 29.2% during 2021-2026.
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Ultra-high Definition and Brightness to Drive QLED Market
The rising demand for UHD in applications like display and lighting screens are the major factors driving the growth of global quantum dot display (QLED) market. The increasing usage of QLED can be attributed to its various advantages such as ultra-definition, low cost, high brightness, and energy efficiency. Its various features have helped companies implement QLED to achieve faster, cheaper, and stronger television displays in any array of colors than traditional LCDs. Additionally, when under direct light QLED offers much more brightness than OLED devices.
QLED in recent few years has seen major improvements in performance after the development of high-resolution display requiring lower power consumption. Today they are used in renewable energy, optoelectronics, biological imaging, security and surveillance, and quantum optics. Also, multiple advantages have made it ideal for adoption in next-generation electronic displays, which is expected to simply improve its market share drastically.
Smartphone Segment to be Largest Contributor in Global QLED Market
The QLED market will grow significantly due to the rising demand for smartphones with higher efficiency, low power consumption, and enhanced color quality. This is expected to make smartphone segment the largest contributor to the global QLED market.
Asia Pacific Region to Observe Immense Market Growth
Asia Pacific region will hold considerable market share as countries like China, Japan, and South Korea are investing in production of energy-efficient displays to develop innovative products at affordable prices.
Manufacturers to Revolutionize Home Integration through Introduction of Innovative Products
Samsung Electronics, recently unveiled its latest lineup of QLED 8K along with MicroLED and Lifestyle TVs. In the line-up they showcased its 2020 line-ups redefine immersion and revolutionize home integration with the introduction of new display sizes, innovative display orientation technology, 8K AI upscaling capabilities, and much more. Its flagship’s Q950TS QLED 8K TV is the industry’s first 8K TV. It combines premium 8K picture quality, ultra-thin form factor, and impressive surround-sound audio. In Addition, it also have the ‘Infinity Screen’ producing a screen-to-body ratio of 99 percent to create an unprecedented viewing experience.
The major players in the market include Samsung, LG, Sharp, CSOT, AUO, BOE, etc.
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