Over the last decade, significant revolutions have been witnessed in the display industry. From the introduction of cathode ray tubes to several upgradations in the display technology, the display industry is always on the lookout for better options. Thin Film Transistor Liquid Crystal Displays (TFT LCDs) and Organic Light Emitting Diodes (OLEDs) are currently among the most widely used technology for the display industry, owing to their enhanced display quality and the consumer preference for them.Various companies, such as Samsung and Apple, have already implemented the OLED display technology in their smartphone series and TVs.

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Further advancements in the OLED and TFT LCD technologies have led the manufacturers to implement Quantum Dots Light Emitting diode (QLED) technology in the display devices. Since the cadmium used in the quantum dots is toxic in nature and has been restricted for use by the European government, therefore manufacturers are at present focusing on cadmium-free quantum dots to obtain the desired image quality in the display devices.

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The efficiency of the next-generation displays materials, such as OLED and QLED, have now become the preferred display materials for consumers to use in their electronic devices. With the rapid advancements and innovations in different display devices such as smartphones, smartwatches, automotive display, and others, the next-generation display materials market is expected to grow at a significant rate during the forecast period (2019 to 2029).

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