Bridal Gowns Market Key Drivers, Business Insights, Trends And Forecast 2022

For years, there has been a steady spending on bridal gowns as they are considered a vital part of wedding dresses, witnessed in their substantial demand in traditional wedding salons. The demand for bridal gowns is rising, accentuated by the belief that wedding is once-in-a-lifetime experience for families and brides need to look magnificent. This has accelerated the global spending on bridal outfit. A burgeoning wedding market in various developing and developed countries is reflecting positively on the growth of the bridal gown market. In addition, the recurrent belief in the sanctity and institution of marriage among various cultures is a key factor bolstering the spending on wedding. The extensive launch of bridal gowns with exotic designs and innovative styles in recent years has helped brides get a harmonious, majestic look thereby bolstering their demand.

The bridal gowns market is projected to rise from a valuation of US$32,454.2 Mn in 2017 to reach US$43,502.8 by the end of 2022. The market is estimated to expand at a CAGR of 6.0% during the forecast period of 2017–2022.

The rising spending on bridal wear in various cultures world over and the marketization of marriages, fueled by lavish spending on wedding, are key factors driving the bridal gowns market. A large number of millennials constantly entering the marriageable age, combined with the rising spending on bridal outfits, is a key factor fueling the demand for bridal gowns world over.

The entry of online retailers in the market, supported by a burgeoning e-commerce, is expected to be a game-changing strategy for bridal as well as non-bridal companies as they seek to bridge the gap between mass markets and traditional salon experience. The rising relevance of online shopping experience for brides is attributed to some unique benefits they confers on them, such as in expediting the overall marriage planning process. To add to this, the presence of a centralized distribution facility of online retailers may in various parts of the world be an attractive proposition for buyers of bridal gowns. The launch of exotic bridal wear by online retailers is further providing a robust fillip to the market.

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The influx of low-priced bridal gowns may hamper the revenue margins of various retailers. In addition, a growing number of cultures that dissuade lavish spending on weddings is a key factor impeding the demand for bridal gowns.  Nevertheless, bridal gowns with innovative designs and styles are capturing the attention of a rising millennial population. This is expected to open up exciting avenues in the coming years.

Geographically, Asia Pacific excluding Japan (APEJ) is expected to be the most promising market for bridal gowns holding the dominant revenue. The regional market is projected to be worth US$13,529.3 Mn by the end of 2022. The rising spending on bridal wear in various cultures as a part of wedding and a rapidly growing disposable incomes of populations in emerging economies are key factors expected to accentuate the APEJ market.

The major styles of bridal gowns are ball gowns, mermaid-style dresses, trumpet dresses, A-line dresses, sheath wedding dresses, and tea-length wedding dresses. Of these, ball gown is projected to be the most promising segment with its valuation estimated to be US$11,416.2 Mn by the end of 2022.

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Competitive Dynamics

Several players are experimenting with unique workmanship, innovative designs, and better fabrics to design elegant and sophisticated bridal gowns, in order to gain a better foothold in the market. The entry of numerous players is expected to intensify the competition over the years. Some of the leading players operating in the market are Kleinfeld Bridal Corp., David’s Bridal, Inc., Elie Saab France, Harrods Limited, JLM Couture, Inc., Justin Alexander, Inc., Maggie Sottero Designs L.L.C., and Moonlight Bridal Design, Inc.

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Commercial Fitness Equipment Market Trends, Latest Technologies Research And Future Scope 2022

With regards to the vendor landscape, the global commercial fitness equipment market boasts prominent companies such as Brunswick Corporation (Life Fitness), Johnson Health Tech. Co., Ltd., Amer Sports Corporation, Technogym, Cybex, and Matrix Fitness, among others. Considering the presence of several large companies, the global commercial fitness equipment market witnesses the prevalence of a high degree of competition. Therefore, in order to gain a competitive edge many of these enterprises have taken up mergers and acquisitions. Strategic collaborations are favored as well, as they offer the market players to expand their footprint within the industry. For instance, Cybex International was acquired by Brunswick Corporations in 2016. A majority of the companies operating in the global commercial fitness equipment market are more inclined toward forging long term partnerships with hotels and gyms to remain the sole supplier of fitness equipment for a longer term.

Meanwhile, strategies adopted by the market players leave a profound impact on the way the overall market functions. According to TMR, the global construction fitness equipment market will reach US$2.19 bn by the end of 2017. Exhibiting a CAGR of 4.8%, the market is forecast to value US$2.77 bn by the end of 2022.

According to the report, the commercial fitness equipment market is poised to surge at an impressive pace during the aforementioned forecast period. With people from around the world inclining towards healthier living, they are expected to dedicate more time on fitness and exercise. This is touted by experts as a chief factor enabling the market gain momentum over the last few years. Factors such as the rising incidence of chronic heart disorders and obesity on the back of increasingly prevailing sedentary lifestyle have compelled people to focus more toward their health. Also to benefit their citizens and encourage healthy living, governments from across several nations have introduced myriad initiatives and healthcare awareness programs. Given the scenario, the demand for commercial fitness equipment is expected to surge in the coming years.

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Also rapid urbanization and increasing pollution due to industrialization, which are phenomenon inducing stress and ill health will play significant rolls in making consumers more willing to spend their time and money on fitness and exercise. Against this backdrop, nations around the world have witnessed increased gym membership especially among working and urban population. Furthermore, the rising awareness among geriatric population has helped the market gain pace as well. Besides this, baby boomer generation in Asia Pacific and Europe are increasingly enrolling in specialized health clubs and gyms, which bodes well for the global commercial fitness market.

While technological advancements and advent of connected devices market have fuelled growth in the commercial fitness equipment market, leading companies are wary of the high cost of manufacturing these equipment. It is due to the same factor that a majority of consumers prefer to use public equipment at affordable member costs. Also the market is witnessing high demand for used fitness equipment as these machines can run a long time and are highly durable. These could pose threat to the global commercial fitness equipment market.

Nonetheless, advancements such as advent of wearable technologies and smartphone apps enabling consumers to monitor their vitals and performance, besides providing suggestions for personalized training, will enable the market gain impetus in the coming years.

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Global Commercial Fitness Equipment Market: Key Segments

Among the various product types, the market is expected to witness considerably high demand for treadmills. According to the report, treadmills will hold dominance in the overall market. By the end of 2017, the segment is expected to account for nearly 38.1% of the global commercial fitness equipment market. Regionally North America is expected to offer lucrative prospects. The rising incidence of chronic ailments and obesity will help the market grow in the region. However, exhibiting a CAGR of 5.2% over the forecast period, Asia Pacific is expected to emerge as one of the most lucrative pockets for commercial fitness equipment sales.

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Aircraft Lighting Market Revenue, Growth, Innovation in Process, Key-Players

The demand within the global market for aircraft lighting has been rising on account of advancements in the field of defense and aerospace, finds Transparency Market Research (TMR). The market vendors operating in the global aircraft lighting market have gained key reward points through collaborative functioning. These vendors have been making ardent efforts to ensure a regular inflow of revenues within the global aircraft lighting market in recent times. There is a high possibility of multiple trends and opportunities that could aid the growth dynamics of the global aircraft lighting market. The global market for aircraft lighting is projected to become a lucrative haven in the years to follow.

The global aircraft lighting market is highly consolidated, and the leading vendors have been exercising substantial control over the market forces. In this scenario, there is little possibility of new vendors experimenting in the global market for aircraft lighting.

However, the presence of a seamless industry for aircraft management has given an impetus to the growth of the regional and local vendors. The market dynamics of the global aircraft lighting market largely depend on the strategies and growth plans developed by the market vendors. Some of the key players in the global market for aircraft lighting are UTC Aerospace Systems, Diehl Stiftung & Co. KG, Honeywell International Inc., and Astronics Corporation.

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Transparency Market Research (TMR) predicts that the global market for aircraft lighting market shall expand at a sluggish CAGR of 4.6% over the period between 2017 and 2026. The cumulative value of the global market for aircraft lighting is expected to reach US$ 3,300 Mn by 2026-end. On the basis of lighting type, signage light is the most common aircraft light that has gained traction in recent times. Based on geography, the market for aircraft lighting in North America has been expanding at a stellar pace.

Improvements in the Aviation Industry Push Market Growth

The manufacture of aircrafts is an immensely meticulous process that involves the use of several intrinsic technologies. This factor has played a key role in the growth of the global market for aircraft lighting in recent times. There is a wide range of opportunities floating in the global aircraft lighting market owing to the increased impetus given on aircraft safety. The wing lights and cockpit lights used in aircrafts are of tremendous value, and this factor has also played a major role in the growth of the global aircraft lighting market. 

Utility of Signage and Reading Lights to Propel Demand

The demand within the global market for aircraft lighting has been rising on account of the need to increase the reliability of aviation training operations. The demand has been escalating to new heights on account of the utility of signage lights and reading lights. Furthermore, flights that cover different time zones are in greater need for better aircraft lighting systems. This factor has also aided the growth dynamics of the global aircraft lighting market in recent times. Interior lights and position lights are a key component of the aircraft lighting system.

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The review is based on TMR’s report titled, “Aircraft Lighting Market (Lighting Type – Signage Light, Ceiling & Wall Lights, Reading Lights, Cockpit Lights, Other Interior Lights, Position Lights, Wings & Engine Inspection Lights, Anti-Collision Lights, Landing Lights, Other Exterior Lights; Aircraft type – Small Widebody Aircraft, Medium/ Large Widebody Aircraft, Narrowbody Aircraft, Propeller Aircraft, Helicopter, Defence and Homeland Security Aircraft, Freighters; Fit Type – Retrofit, Inline Fit; Platform Type – Fixed Wing, Rotary) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026”. 

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Luminaire and Lighting Control Market Growth Opportunities With Global Key Companies

According to a new market report on luminaire and lighting control published by Transparency Market Research , the global luminaire and lighting control market is expected to reach US$ 111.0 Bn by 2026, expanding at a CAGR of 5.6% from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region expanding at a CAGR of 6.0%  during the forecast period.

As energy costs continue to rise, demand for energy-efficient solutions is increasing rapidly, especially in the U.S. In line with the same, many utilities and city governments are deploying LED-based lighting control systems with advanced technology to enhance efficiency and reduce operation and maintenance costs. This has led to rise in adoption of LED- based lighting products and systems.

Luminaire and Lighting Control Market: Scope of the Report

The global luminaire and lighting control market is broadly segmented by product, light, technology, component, application, and region. In terms of product, the market is classified into luminaire and lighting control. The luminaire segment is expected to hold significant market share of 91.2% in 2018. Based on light, the market is categorized into LED, halogen, fluorescent, HID, and others.  The LED segment constituted a prominent market share in 2017 and is anticipated to dominate the market during the forecast period owing to increasing adoption of LEDs in multiple applications.

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In terms of technology, the market is segmented into wired and wireless. Based on component, the market is divided into hardware, software, and service. In terms of application, the market is segmented into indoor and outdoor. The commercial sub-segment of the indoor segment is anticipated to dominate the market owing to upgrade of existing products in commercial spaces with a focus on achieving energy efficiency goals and increase in productivity through lighting control. The roadway lighting sub-segment of the outdoor segment is anticipated to be dominant constituting market share of 35.4% in 2026.

Asia Pacific dominated the luminaire and lighting control market in 2017, with China accounting for a prominent share of 43.1%. The dominance of the market in the region is attributed to its large population base, rapid industrialization and urbanization, expansion in the lighting industry, and increased penetration of wireless devices. China is anticipated to lead the luminaire and lighting control market in Asia Pacific throughout the forecast period.

This is mainly because it is a major manufacturing hub of lighting products. Apart from China, countries such as India and Japan are also expected to contribute significantly to the market in Asia Pacific. The market in India is expected to expand at a CAGR of 6.9% during the forecast period. This is mainly due to smaller cities, towns, and villages with smart street projects and increased usage of LEDs. North America and Europe collectively held 51.8% share of the global market share in 2018.

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Global Luminaire and Lighting Control Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global luminaire and lighting control market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Key players in the luminaire and lighting control market include  General Electric Co., Philips Lighting N.V., General Electric, Cree,Inc, Legrand S.A., OSRAM Licht AG, Eaton Corporation, Lutron Electronics Co., Inc, Acuity Brands, Inc., Hubbell Incorporated, and LSI Industries Inc.. Companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.

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Digital Substations Market to Witness Huge Growth by 2026

The global digital substations market was valued at US$ 6,134.8 Mn in 2017 and is projected to register compound annual growth rate (CAGR) of over 8.2% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Digital Substations Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” The report suggests that the better reliability and availability of digital substations as compared to conventional substations is likely to spur the demand for digital substations in the coming years (2018 to 2026).

As key players introduce new digital substations and solutions in developed markets such as North America, Europe, and Asia Pacific, these regions are likely to account for dominating share of the global digital substations market. Growing demand for digital substations from the utilities sector in emerging markets such as China and India is likely to boost growth of the Asia Pacific digital substations market at a growth rate of around 9.5% from 2018 to 2026.

Although the conventional substations can bridge the demand for electricity, they are very costly and inefficient. Digital substations on the other hand are much more efficient. Considerable cost is saved on digital substations as there is less copper wiring used. Fiber optic is used in digital substations which work on 61850 protocol that enables communication to other assets as well. These digital substations have a higher penetration in developed economies as compared to developing economies.

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Digital substations are significantly more adopted in utilities sector around the globe

Based on module, the market is segmented into hardware, fiber optic communication network, and SCADA (Supervisory control and data acquisition). Hardware segment in 2026 is expected to hold about three fifths of the total market and expand at a rapid rate throughout the forecast period. Digital substations not only improve efficiency, but also reduce maintenance costs due to comparatively less copper wiring and connections than conventional substations. In terms of type, the market is segmented into transmission substations and distribution substations.

On the basis of voltage, the market is classified into Up to 220 kV, 220-550 kV, and Above 500 kV. Primarily driven by the demand from urban regions, the up to 220 kV segment held the major share of revenue in 2017. On the other hand, the 220-550 kV segment is anticipated to expand at a rapid pace owing to the increasing demand from manufacturing units around the world. Based on industry, the market is segmented into utilities, metal, mining, oil & gas, and transportation. In 2017, utilities held the major share of the total market due to their widespread use in utilities.

North America is the leading contributor to the digital substations market

In terms of value, North America was the leading contributor to the global digital substations market in 2017. The contribution is primarily due to the increased adoption of digital substations with the presence of well-established players across the region, especially across the U.S. and Canada. Asia Pacific which is home to many well-established players from the digital substations market is expected to emerge as the region showcasing the highest CAGR. Furthermore, Asia Pacific is witnessing high adoption of digital substations owing to the increasing demand for energy to support local manufacturing units.

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Major players in the digital substations market include ABB Ltd, Siemens AG, Schneider Electric SE, Eaton Corporation Plc, Emerson Electric Co., Honeywell International Inc., Cisco Systems, Inc., NR Electric Co., Ltd., EFACEC, and Schweitzer Engineering Laboratories, Inc.

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Infrared Sensors Market by Manufacturers, Regions, Type and Application, Forecast To 2026

The global infrared sensors market was valued at US$ 396.98 Mn in 2016 and is projected to register compound annual growth rate (CAGR) of over 9.11% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Infrared Sensors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.”

This is mainly due to increase in the demand for infrared sensors in defense, IoT, and industrial applications across the globe, leading to the robust growth of the infrared sensors market. Moreover, rising demand for infrared sensors in consumer electronics and automation industry is also expected to have a significant impact on the global infrared sensors market. Initiatives taken by different governments to increase the adoption of smart homes are predicted to impact the infrared sensors market in the coming years.

The global infrared sensors market is segmented on the basis of detection, working mechanism, end use, and geography. By detection, infrared sensors can be divided into uncooled infrared sensors and cooled infrared sensors. As per working mechanism, the global infrared sensors market is divided into passive infrared sensors and active infrared sensors. Furthermore, as per end use industry, the market is divided into consumer electronics, aerospace & defense, oil and gas, automotive, mining, pharmaceuticals and others. Others includes food processing, chemicals, robotics, etc. Geographically, the infrared sensors market can be segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America.

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Consumer Electronics Industry Anticipated to be a Significantly Lucrative Market during the Forecast Period

Growing demand for consumer electronics applications including smart televisions, smart phones, and tablets is projected to propel the revenue of the IR sensors market in the coming years. Furthermore, the rising popularity of wearable technology is expected to fuel the demand for infrared sensors in the consumer electronics segment. However, the oil and gas industry in the global infrared sensors market is projected to hold the highest market share for the year 2018 due to its prominent use in offshore applications.

Uncooled Infrared Sensors Expected to Hold a Prominent Share during the Forecast Period

The uncooled infrared sensors type is anticipated to hold the dominant share for the year 2018 Growth in this segment is driven by factors such as relatively smaller size, high reliability, and low cost price. Prominent adoption of infrared sensors in the consumer electronics industry in Asia Pacific is likely to boost the growth of uncooled infrared sensors due to its prominent use. Furthermore, significant adoption of uncooled infrared sensors in commercial and industrial applications is likely to impact the growth of the segment during the forecast period.

North America Holding a Prominent Market Share

By geography, the global infrared sensors market can be classified into five regions namely North America, Europe, Asia Pacific, Middle East & Africa, and South America. Infrared sensors are used in a wide range of applications including night flying, night surveillance, night driving, wildlife search and observation, rescue missions, and sleep laboratory monitoring. Moreover, infrared sensors are used in thermal night vision goggles and motion sensors are used in home alarm systems. The increasing use of these sensors in commercial places including airports, retail shops, libraries, and museums to detect motion, count people, apart from use in security alarms, and night vision cameras have impacted the global market.

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The key players operating in the global infrared sensors market are Murata Manufacturing Co., Ltd, Honeywell International Inc, Teledyne Technologies, Excelitas Technologies,Raytheon Company, Hamamatsu Photonics K.K., InfraTec GmbH, Flir Systems, inc., Omron Corporation, and Texas Instruments Incorporated among others.

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Quantum Dot (QD) Display Market Research, Development and Outlook Report

The global quantum dot (QD) display market was valued at around US$ 1,176.2 Mn in 2017and is anticipated to register a stable CAGR of over 23% during the forecast period 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Quantum Dot (QD) Display Market” – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” Benefits provided by quantum dot, increasing adoption of cadmium free quantum dot displays, and growing popularity of consumer electronics devices have increased the penetration and growth of the quantum dot (QD) display market globally. The quantum dot (QD) display market in North America is expanding at a significant CAGR of above 24% on the backdrop of numerous technological innovations in electronics devices and increasing investments in the development of the medical sector.

The growing demand for enhanced display technologies and increasing awareness about energy efficient solutions has increased the adoption of quantum dot display products. There are numerous advantages of quantum dot displays such as energy efficiency, ultra-definition, low cost, and high brightness. Quantum dots can glow in any array of colors, determined by their sizes. Various companies are implementing quantum dot technology in order to achieve cheaper, faster, and stronger television displays.

In North America, a large number of consumer electronics providers are focusing on offering hybrid quantum dot displays in order to meet the increasing demands for flexible displays. In September 2017, Apple Inc. invented quantum dot hybrid pixels technology in order to offer power efficient displays that provide pure color. This technology is ideal for consumer devices that demand a flexible display. Key trends prevalent in the quantum dot (QD) display market are electroluminescent quantum materials-based displays, strategic partnerships, introduction of 4K Ultra HD LED TV’s and UHD TV’s, and growing investments in quantum dot technology.

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Cadmium-free Segment to Dominate the Global Quantum Dot (QD) Display Market

The material segment is divided into cadmium-containing and cadmium-free. Cadmium-free segment is anticipated to dominate the market owing to various benefits provides by cadmium free quantum dot displays around the globe. Eco-friendly nature, pure color, and wavelength tenability are some of the key factors driving massive global investment in cadmium-free quantum dot displays. As cadmium is toxic in nature, several major OEMs have started launching products only using cadmium-free technology. Cadmium-free quantum dots offer vibrant color for liquid crystal displays (LCD). Hence, many electronic consumer devices manufacturers are offering cadmium free quantum dot displays in smartphones, tablets, TV’s, and laptop. These factors are expected to boost the growth of the quantum dot (QD) display market. Cadmium-free segment is anticipated to expand at the highest CAGR of over 24% during the forecast period of 2018 to 2026.

Implementation of Quantum Dot Displays in Medical Devices to Boost Growth of the Hardware Segment

The devices segment is fragmented into consumer electronics, medical devices, and others. Consumer electronics segment is expected to continue to be the leading segment globally during the forecast period due to rising implementation of quantum dot displays in various electronic devices such as televisions, laptops, tablets, smart phones, and monitors to deliver better picture quality. Also, demand for quantum dot displays is increasing in various medical applications. Quantum dot displays can also be used in the biomedicine sector to colorfully illuminate tumors in order to improve the safety and efficacy of cancer surgery.

Growing Adoption of Quantum Dot (QD) Display due to Various Technological Advancements such as Low Energy Consumption and Vibrant Displays in China, India, South Africa, Brazil, and Taiwan to Create More Opportunities in the Market

Geographically, the global quantum dot (QD) display market is divided into five major geographical regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. In 2017, North America was the topmost revenue generating region followed by Asia Pacific. Developed regions such as North America and Western Europe are expected to witness increasing implementation of quantum dot displays.

With the rise in the usage of quantum dot (QD) display in North America, large number of utilities are increasingly investing in quantum dot displays in order to improve overall picture quality and operational efficiency. The U.S. held highest market share in 2017 in North America and is estimated to expand at considerable CAGR during the forecast period. Utilities in the U.S. are mainly focusing on development of emerging emissive display technologies. In December 2017, Nanosys Inc. in partnership with DIC launched inkjet-printed quantum dot color conversion devices for LCD and emissive displays in order to improve the LCD technology, as well as accelerate the development of emerging emissive display technologies such as microLEDs.

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Europe is anticipated to grow at a significant CAGR during the forecast period as most of the quantum dot display providers are offering electroluminescent quantum material based displays to improve the image quality.The quantum dot (QD) display market in Asia Pacific is further expected to grow at the highest CAGR of 24.5% over the forecast period. Factors such as growing technological innovations and increasing adoption of cadmium-free quantum dot displays and growing popularity of high brightness displaysare expected to drive the Asia Pacific quantum dot (QD) display market. Middle East & Africa and South America are expected to expandat a substantial pace dueto the growing investments in the development of consumer electronics device in the regions.

Key Players Such as Sony Corporation, LG Display Co. Ltd.,and Samsung Electronics Co. Ltdare Likely to Continue to Lead the Global Quantum Dot (QD) Display Market.

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