According to the report published by IndustryARC titled “Nanotechnology Market: By Type (Nano composites, Nano devices, Nano Tools, Nano materials and others), By Applications (Medicine & Healthcare, Environment, ICT, Energy, Nano EHS and others), by End-user Industries (Biotechnology, Cosmetics, Textile, Electronics & Semi-conductor, Automobile and others) — Forecast (2019-2025),” the global nanotechnology market is estimated to surpass $105 billion by 2025.
Browse 65 Market Tables and 177 Figures spread across 179 Pages, and an in-depth TOC on “Nanotechnology Market”
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As per a recent study conducted by IndustryARC, the Nanotechnology market was valued at $50 billion in 2018 and is estimated to grow at a steady CAGR of 13% during the forecast period 2019-2025. The growth can be attributed to the increasing applications of nanotechnology in the electronics and semiconductor sectors. Nanotechnology is extensively used in the miniaturization of electronic gadgets. The installation of silicon nano-photonics in the CMOS integrated circuits provides higher data transmission speed. There are a number of environmentally friendly applications in which nanotechnology is deployed — such as materials used in cleaning polluted water and polluted air.
Nanotechnology refers to the wide variety of technologies incorporated in different end-user industries on a nanometer scale. The nascent technology is expected to exhibit rapid and dynamic growth along with its applications in all the major industries, which include electronics, cosmetics, biotechnology, military and defense, telecommunication, and Information and technology. The electronics and semiconductor segment is anticipated to dominate the nanotechnology market by recording an estimated CAGR of 15% during the forecast period 2019-2025. Electronic devices such as LED screens and smartphones depend on the Quantum Dot nanotechnology as it offers accurate color reproduction along with high resolution. This is one of the major factors for the increased deployment of nanotechnology in the electronics sector, further resulting in the growth of the nanotechnology market.
North America holds the largest market share of the global Nanotechnology market with an estimated global demand share of about 32% in 2018. The steady developments in the Nanotechnology market can be majorly attributed to the increasing R&D investments in nanotechnology. The ever-increasing demand for electronic gadgets in which nanotechnology is deployed makes North America one of the key regions for the nanotechnology market. In the U.S., the increased deployment of nanotechnology in advanced manufacturing has changed the manufacturing scenario and has also enhanced the market size of Nanotechnology. Significant investments have been made in the development of nanotechnology in the country. The U.S. government’s 2019 budget includes a plan to provide $1.4 billion for the National Nanotechnology Initiative in order to facilitate the early-stage development of nanotechnology. The increasing demand and steady investment in nanotechnology is expected to bring about fruitful results in the coming years.
The major players in this market include
- Nanosys Inc.
- QD vision
- 3rd Tech Inc.
- NanoMaterials Ltd.
- Bruker Nano GmbH
- QuantumSphere Inc.
- Acusphere Inc.
Nanotechnology providers have utilized mergers and acquisitions as well as product launches to augment entry into related markets and enhance core competencies through additions to product portfolio as well as leverage capabilities of acquired companies to gain a foothold in the emerging markets.
The various end-user industries covered in the report include
- Electronics and Semiconductor
- Military and Defence
- Food and Agriculture
- Telecom and Information Technology
The overall market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled.
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