Semiconductor nanoparticles of very small size, or quantum dots, exhibit fascinating physical properties, completely different from their bulk varieties, mostly because of the quantum confinement effect. Due to their modified band structure, they particularly show attractive optoelectronic characteristics. Carbon nanotubes are a class of nanomaterials, which also possess wonderful optoelectronic properties and can revolutionize modern semiconductor technology to a great extent. Carbon nanotube fieldeffect transistors (CNTFETs) can replace standard MOSFETs in an array of devices and can function in a more effective way. When these two optoelectronic components combine together in nanocomposites, one may get advanced optoelectronic devices for widespread application in sensors, solar cells, energy storage devices, light-emitting diodes, electrocatalysts, etc.