Further penetration of the technology in other seg

Further penetration of the technology in other segments such as defense, quantum computing and memory will provide the essential future growth thrust to the market. QDs defense market is expected to contribute modest revenues initially but is expected to grow at a CAGR of approximately 52 percent by 2022. There is also a growing need for a clean and green source of energy to reduce the carbon footprint. As a result, QDs based photovoltaics are gaining huge interests. QDs technology in healthcare is expected to become a one-billion-dollar industry by 2022. Market for QDs is continuously growing both at industry as well as application level. Today’s market is focusing on QD displays, but tomorrow may bring in new era of medical, laser and photovoltaics. QDs will keep on evolving with newer innovations in production and application aspects.