Research reveals that at the regional level, the US is the most prominent market and accounted for an estimated share of around 35% of the global nanotechnology market before 2020. Although several developing economies such as, China, Korea, India, and Brazil have started to invest in nanotechnology R&D, the US could continue to account for the largest share in the industry in future.
Although developed markets such as, the US, France, Germany etc. have drafted regulations for the nanotechnology industry long time back, the nanotechnology market is still at its nascent stage. Even, developing markets such as, Brazil, China, India, and Taiwan have proposed plans to draft regulations for the industry.
The global nanotechnology market was valued at over£800 million in 2018 and is forecasted to exceed £1,700 million by the middle of the next decade, growing at a CAGR of 10.5% from 2019 to 2025. Nanoscience and nanotechnology are the study of nanoparticles and devices, which find their applications across all the science fields from chemical, bio-medical, mechanics, and material science among others. Nanotechnology market encompasses the production and application of physical, chemical, and biological systems and devices at scales ranging from individual atoms or molecules to around 100 nanometers.
Nanotechnology is an evolving technology that has influenced a large number of industrial segments and is set to play a pivotal role in various industry segments moving forward including communication, medicine, transportation, agriculture, energy, materials & manufacturing, consumer products, and households. The technology has proven its significance in today’s cut throat competitive world. The economic activity generated from nanotech has been high in magnitude and wide in scope. In coming years, nanotechnology based products will have a huge impact on nearly all-industrial sectors and will enter the consumer market in large quantities. Considering the enormous potential of the market, the governments across the world are investing huge money in the industry.Emerging use cases and application is expected to be one of the key factors contributing towards the growth of nanotechnology market size.
The U.S. National Nanotechnology Initiative has estimated that around 20,000 researchers were working in the field of nanotechnology by 2019. For the UK, the Institute of Occupational Medicine estimated that approximately 2,000 people were employed in new nanotechnology companies and universities where they may be potentially exposed to nanoparticles in the 2020’s.
Factors such as surge in adoption of nanotechnology in medical diagnosis & imaging and technological advancements in nanotech devices drive the growth of the global nanotechnology market. However, issues arising in the deployment of nanodevices in extreme conditions and high cost of the technology act as the major barriers, thereby hampering the nanotechnology market growth. On the contrary, increase in support and R&D funding from government organisations and emergence of self-powered nanotech devices are anticipated to offer lucrative opportunities for the nanotechnology market forecast.
The factors such as surge in adoption of nanotechnology in medical diagnosis & imaging, technological advancements in nanotech devices, and issues in deployment of nanodevices in extreme conditions impact the growth of the nanotechnology market. In addition, the growth is expected to be affected by high cost of technology, increase in support and R&D funding from government organisations, and emergence of self-powered nanotech devices. However, each factor is anticipated to either drive or hamper the nanotechnology market growth.
Industry News
- New micromaterial releases nanoparticles that selectively destroy cancer cellson April 20, 2024 at 4:40 am
Researchers at the Universitat Autònoma de Barcelona (UAB), in collaboration with the Sant Pau Research Institute and the CIBER-BBN, have developed micromaterials made up only of proteins, capable of...
- With VECSELs towards the quantum internet Fraunhofer: IAF achieves record output power with VECSEL for quantum frequency converterson April 20, 2024 at 4:40 am
The expansion of fiber optics is progressing worldwide, which not only increases the bandwidth of conventional Internet connections, but also brings closer the realization of a global quantum Internet...
- Utilizing palladium for addressing contact issues of buried oxide thin film transistorson April 20, 2024 at 4:40 am
A novel method that employs palladium to inject hydrogen into the deeply buried oxide-metal electrode contacts of amorphous oxide semiconductors (AOSs) storage devices, which reduces contact resistanc...
- Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memoryon April 20, 2024 at 4:40 am
By Jade Boyd Special Rice News Rice University physicists have discovered a phase-changing quantum material and a method for finding more like it that could potentially be used to create flash...
- A simple, inexpensive way to make carbon atoms bind together: A Scripps Research team uncovers a cost-effective method for producing quaternary carbon molecules, which are critical for drug developmenton April 20, 2024 at 4:40 am
The active ingredient in many drugs is whats known as a small molecule: bigger than water, much smaller than an antibody and mainly made of carbon. Its tough, however, to make these molecules if the...
- Innovative sensing platform unlocks ultrahigh sensitivity in conventional sensors: Lan Yang and her team have developed new plug-and-play hardware to dramatically enhance the sensitivity of optical sensorson April 20, 2024 at 4:40 am
Optical sensors serve as the backbone of numerous scientific and technological endeavors, from detecting gravitational waves to imaging biological tissues for medical diagnostics. These sensors use li...
- NRL charters Navys quantum inertial navigation path to reduce drifton April 20, 2024 at 4:40 am
U.S. Naval Research Laboratory (NRL) researchers have developed a patent-pending Continuous 3D-Cooled Atom Beam Interferometer derived from a patented cold and continuous beam of atoms to explore atom...
- Simulating magnetization in a Heisenberg quantum spin chainon April 20, 2024 at 4:40 am
The rapid progress of quantum simulators is now enabling them to study problems that before have been limited to the domain of theoretical physics and numerical simulation. A team of researchers at Go...
- Good as gold - improving infectious disease testing with gold nanoparticleson April 20, 2024 at 4:40 am
By harnessing the power of composite polymer particles adorned with gold nanoparticles, a group of researchers have delivered a more accurate means of testing for infectious diseases.
- Chemical reactions can scramble quantum information as well as black holeson April 20, 2024 at 4:40 am
If you were to throw a message in a bottle into a black hole, all of the information in it, down to the quantum level, would become completely scrambled. Because in black holes this scrambling happens...
- FAU Joins NASA's University Nanosatellite Program for Small Satellite Developmenton April 18, 2024 at 5:34 pm
Florida Atlantic University's College of Engineering and Computer Science is among eight university teams in the United States selected to work with NASA and the U.S. military to foster innovation and expertise in the small satellite sector.
- Custom Nanoparticles That Can Transport Drugs to the Hearton April 18, 2024 at 2:12 pm
With a $2.07 million, four-year grant from the National Institutes of Health, Jianjun Guan, a materials scientist at Washington University in St. Louis’ McKelvey School of Engineering, and his team intend to encase a peptide that prevents fibrosis and a set of proteins that reduce inflammation inside deceptively disguised drug-delivering smart nanoparticles.
- Nanocellulose Is Increasingly Safe for Our Seas, According to Findings From a Study Conducted on Musselson April 18, 2024 at 10:51 am
Cellulose nanofibres represent a promising resource for multiple industrial sectors, but what is their impact on the marine environment? A study published in the prestigious journal Environmental Science Nano of the Royal Society of Chemistry recently addressed this issue in a study on marine organisms considered sentinels of sea health: mussels.
- Novel Approach to Produce Multi-Color Phosphorescent Carbon Dotson April 17, 2024 at 4:04 pm
A new technique for creating carbonized polymer nanodots that can emit multicolored, ultra-long Room-temperature phosphorescent (RTP) from blue to green has recently been developed.
- 14 Angstroms: PI Contributes to Next Semiconductor Technology Node Developmenton April 17, 2024 at 1:30 pm
PI’s new nanopositioning technology advancement initiative supports EU-funded project.
- Rechargeable Afterglow Nanotorches for in-vivo Tracking of Cell-Based Microrobotson April 16, 2024 at 2:13 pm
An afterglow luminescent nanoprobe expands the potential for imaging live cells. According to a study published in the journal Angewandte Chemie, their novel “nanotorch” could light up for more than 10 days following a single excitation.
- Waterproof E-Glove Enables Effective Underwater Communication for Diverson April 15, 2024 at 7:48 pm
Researchers reporting in ACS Nano have constructed a waterproof "e-glove" that wirelessly transmits hand gestures made underwater to a computer that translates them into messages.
- Minus K Congratulates to the following winners of Minus K's 2023/2024 Educational Giveawayon April 15, 2024 at 3:41 pm
With over thirty years in business, Minus K Technology has to-date granted over $75,000 of its superior performing patented Negative-Stiffness low-frequency sub-hertz vibration isolators through their...
- Advancing Quantum Technologies with Magnetic “Butterfly”on April 15, 2024 at 1:56 pm
Researchers at the National University of Singapore (NUS) have created a novel design idea for next-generation carbon-based quantum materials in the form of a small magnetic nanographene with a distinct butterfly-shape that houses strongly correlated spins.
- DECTRIS Celebrates World Engineering Day, Highlighting the Key Roles of Its Engineers in Contributing to a Sustainable Futureon March 4, 2024 at 11:06 am
Today at DECTRIS, we celebrate UNESCO’s fifth World Engineering Day for Sustainable Development.
- The Global Hydrogen Market (Production, Storage, Transport and Utilization) 2024-2035by admin on February 5, 2024 at 9:31 pm
The post The Global Hydrogen Market (Production, Storage, Transport and Utilization) 2024-2035 appeared first on Nanotech Magazine.
- The Global Market for Redox Flow Batteries 2024-2034by admin on February 5, 2024 at 9:27 pm
The post The Global Market for Redox Flow Batteries 2024-2034 appeared first on Nanotech Magazine.
- The Global Market for 3D Printing and Additive Manufacturing 2024-2035by admin on January 12, 2024 at 5:37 pm
The post The Global Market for 3D Printing and Additive Manufacturing 2024-2035 appeared first on Nanotech Magazine.
- The Global Market for Carbon Nanomaterials 2024-2033by admin on January 11, 2024 at 3:56 pm
The post The Global Market for Carbon Nanomaterials 2024-2033 appeared first on Nanotech Magazine.
- The Global Market for Advanced Semiconductor Packaging 2024-2035by admin on January 9, 2024 at 5:01 pm
The post The Global Market for Advanced Semiconductor Packaging 2024-2035 appeared first on Nanotech Magazine.
- The Global Market for Polyhydroxyalkanoates (PHA) 2024-2035by admin on January 8, 2024 at 10:10 pm
The post The Global Market for Polyhydroxyalkanoates (PHA) 2024-2035 appeared first on Nanotech Magazine.
- The Global Market for Bio-based Leather 2024-2035by admin on January 8, 2024 at 1:50 pm
The post The Global Market for Bio-based Leather 2024-2035 appeared first on Nanotech Magazine.
- The Global Market for Advanced Image Sensors 2025-2035by admin on January 4, 2024 at 1:20 pm
The post The Global Market for Advanced Image Sensors 2025-2035 appeared first on Nanotech Magazine.
- Issue 78-December 2023by admin on January 3, 2024 at 12:37 pm
December 2023, 17 pages. Nanotech Investments, Products, and Market Insights. In this issue: Graphene coatings overview – properties, fabrication techniques, end-use applications in automotive, aerospace and marine sectors Recent graphene & nanotube product developments – EV batteries, medical coatings, TV heat management Nanotech investments & commercial deals Graphene cement Carbon nanotube production expansions in Europe [...] The post Issue 78-December 2023 appeared first on Nanotech Magazine.
- The Global Market for Nanotechnology and Nanomaterials 2024-2034by admin on December 19, 2023 at 8:57 pm
The post The Global Market for Nanotechnology and Nanomaterials 2024-2034 appeared first on Nanotech Magazine.
- Innovations in dentistry: Navigational surgery, robotics, and nanotechnologyon October 3, 2020 at 6:18 am
When it comes to cutting-edge tech in dentistry, its all about nanotechnology. Shannon Sommers and Alicia Webb explain the basics and what these exciting new developments could mean for your practice...
- Nano-diamond self-charging batteries could disrupt energy as we know iton August 26, 2020 at 1:13 am
California company NDB says its nano-diamond batteries will absolutely upend the energy equation, acting like tiny nuclear generators. They will blow any energy density comparison out of the water, la...
- Graphene ink may be used to fight coronaviruson May 2, 2020 at 4:53 am
Zen Graphene Solutions (TSXV: ZEN) announced that it has launched an international collaboration with UK-based Graphene Composites to fight the covid-19 pandemic. The initiative involves the develo...
- Carbon nanotubes forecast when vegetables spoil and buds bloomon April 2, 2020 at 10:35 pm
This is where the CNTs come in. Single-walled CNTs have several attributes that make them well-suited for sensing processes that involve the transfer of electrons the basis of any chemical reaction...
- A Carbon Nanotube Microprocessor Mature Enough to Say Hello: Three new breakthroughs make commercial nanotube processors possibleon March 2, 2020 at 5:14 pm
Engineers at MIT and Analog Devices have created the first fully-programmable 16-bit carbon nanotube microprocessor. Its the most complex integration of carbon nanotube-based CMOS logic so far, with...
- NIOSH requests data to help develop exposure limits for nanomaterialson February 1, 2020 at 9:09 pm
NIOSH is seeking scientific information regarding the dangers or safety of engineered nanomaterials as the agency explores the development of occupational exposure limits. ENMs are chemical substan...
- What if the Universe has no end? The Big Bang is widely accepted as being the beginning of everything we see around us, but other theories that are gathering support among scientists are suggesting otherwiseon January 25, 2020 at 5:19 pm
Perhaps the Big Bang was more of a Big Bounce, a turning point in an ongoing cycle of contraction and expansion. Or, it could be more like a point of reflection, with a mirror image of our universe...
- Nanoparticles Inside Samples of Mucus to Measure COPD Developmenton October 5, 2019 at 3:36 am
Researchers at Johns Hopkins University have now used special nanoparticles to test the mucus of COPD patients, which may be an excellent biomarker for COPD progression.
- Journal Nanotechnology Progress International (JONPI), volume 7, issue 1 outon September 17, 2019 at 1:11 am
This issue is a special edition covering the African-nano-conference of Focus Nanotechnologyy Africa-US-EU-Africa-Asia and Caribbean Academy of Nanoscience and Nanotechnology (FONAI-USEACANN) at Shera...
- This new nanotech could help clean up Earths microplasticson August 3, 2019 at 9:51 pm
Now, scientists have designed reusable nano-sized reactors called nanocoils that can trigger microplastic breakdown. The work, published Wednesday in the journal Matter, could someday be applied t...