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Quantum dots are used in several products, including medical devices, sensors, LED lighting devices,
laser devices, chips, and display devices. These dots incorporated into medical devices can be used
for imaging applications that help in the detection of cancer cells. Increasing investments in the
developed of QD medical devices are expected to bode well for the market. QD laser devices are
employed for biological tagging of cells. Quantum dot-based LED display devices find applications in
ultra-flat panel displays. Such displays are increasingly replacing CRTs and LCDs, owing to their
higher efficiency, better color quality, and structural simplicity.
Renewable energy, optoelectronics, security and surveillance, and biological imaging are some of the
areas of application. Rising reliance on solar energy for power generation is boosting the growth of the
renewable energy segment in the QD market. In November 2018, Quantum Materials Corp (QMC)
signed an agreement with Amtronics CC, to develop, manufacture, and commercialize thin-film
quantum dot solar cells (QDSC) in Assam, India. In the agreement, AMTRON, a state-owned venture,
is going to play an important role by providing necessary bank guarantees. The production facility will
be spread over 12,000 sq. feet in the Guwahati Tech City.
Optoelectronics is also a promising application segment. Proliferation of smartphones and smart
televisions is likely to stoke the growth of the market. In biological imaging, these dots are used in in-
vivo and in-vitro imaging.
Developed regions such as North America and Europe are poised to hold prominent position in the global
arena. The growth of these regions can be attributed to early introduction and high acceptan ce of QD
technology coupled with strong presence of key players. Asia Pacific, on the other hand, is projected to
present immense growth potential during the forecast period.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/semiconductors-
and-electronics-industry
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