Internet of Nano Things Market - Forecast(2024 - 2030)

Internet of Nano Things Market Report Overview

Internet of Nano Things Market size is analyzed to grow at a CAGR of 22.8% during the forecast 2022-2027 to reach $11,148.62 million by 2027. The Internet of Nano Things refers to the integration of nanoscale devices with existing communication networks that provide high-speed internet access. It consists of microscopic sensors that are linked together via a Nano network to collect data from objects. Internet of Nano Things describes how the Internet will grow as nanosensors and nanotechnology are connected to physical items such as physical assets or consumer products connected to the Internet for data collection, processing, and exchange with end-users. The integration of connected devices with cloud computing solutions for transferring, storing, and accessing enormous volumes of data is propelling market expansion. Smart factory and Industry 4.0 initiatives necessitate secure and dependable IoT designs. Near-Field Communication (NFC), Zigbee, femtocells, Li-Fi, and Ultra Wideband are all examples of short-distance communication (UWB). Long-distance communication contains Radio Frequency Identification (RFID) and Wi-Fi Device components. When it comes to the Internet of Nano Things technology, the first thing that should come to thoughts is healthcare. In today's world, the most common use for Internet of Nano Things devices is body sensor networks (BSN). The global Internet of Nano Things market is predicted to develop significantly in the near future, owing to an increase in the number of connected devices, high demand for ubiquitous connection, widespread adoption of IoT across end-user sectors, and a global need for enhanced connectivity.

Report Coverage

The report: “Internet of Nano Things Industry Outlook – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Internet of Nano Things industry.

By Communication Type: Short distance communication (Near Field Communication (NFC), Zigbee, femtocell, Li-Fi, and Ultra Width Band (UWB)), Long distance communication (Radio Frequency Identification (RFID) and Wi-Fi)
By Device: Nano camera, nano phones, scalar nano sensors, nano processors, nano memory card, nano power systems, nano antenna, and transceiver, and others
By Vertical: Healthcare, defense and aerospace, media and entertainment, transportation and logistics, manufacturing, energy and utilities, retail, and others
By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways

• In the year 2021, Nano Sensors account for a large segment of the Internet of Nano Things market. Nanosensors are gaining popularity as a result of their high demand and application in the healthcare industry for data collection and virus or bacterium detection.
• North America is estimated to grow at the fastest CAGR of 26.4% during the forecast period. Various dangerous diseases are posing a significant challenge to modern medicine. This, together with rising consumer health awareness in the region, points to the need for more advanced technology. the cost-effective manufacture of nanosensors due to their compactness is likely to result in a positive transition in the nanosensors market.
• The growing rate of demand for ubiquitous connectivity is a key driver in the worldwide internet of nano things market. As the number of linked devices and computer devices grows, the necessity for improved interconnectivity drives the internet of things concept and, as a result, the Internet of Nano Things market.
• The aging population, combined with high expectations for a higher quality of life and changing lifestyles, has created the demand for better, more efficient, and more inexpensive healthcare and eventually boost the market growth.

Internet of Nano Things Market, By Region, 2021

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Internet of Nano Things Market Segment Analysis – By Device

By Device, the Internet of Nano Things Market has been segmented into Nano camera, nano phones, scalar nano sensors, nano processors, nano memory card, nano power systems, nano antenna and transceiver, and others. In the year 2021, Nano Sensors accounts for a large segment of the Internet of Nano Things market. Nanosensors are gaining popularity as a result of their high demand and application in the healthcare industry for data collection and virus or bacterium detection. The integration of nano-sensors and nano-devices with the internet has resulted in development next-generation standard call the Internet of Nano Things in conjunction with Internet of Nano Things. Nanosensors are used to precisely identify cancer to give therapy or to monitor the changing state of cells in the diseased spot. In comparison to conventional diagnostic procedures, nanosensors have produced more sensitive results for detecting cancer. This is expected to boost the market growth. Furthermore, improvements in sensitivity due to nanomaterials' high surface-to-volume ratio, as well as physical properties of nanomaterials used as the basis for detection, such as nano photnanophotonicse way for advancements in nanosensor detection technology, which act as major Internet of Nano Things market trends globally.

Internet of Nano Things Market Segment Analysis - By Vertical

By Vertical, the Internet of Nano Things Market has been segmented into Healthcare, defense and aerospace, media and entertainment, transportation and logistics, manufacturing, energy and utilities, retail, and others. The Healthcare segment is expected to grow at a faster CAGR during the forecast period. Expectations for a higher quality of life, combined with an ageing population and changing lifestyles, have resulted in an increase in demand for more efficient, affordable, and improved healthcare. The features of a material generated on a nanoscale are largely used in the development of nanomedicine, offering the possibility to bypass natural barriers and access new areas of delivery. This nanometric scale enables interaction with DNA or tiny proteins at various levels in the blood or within organs, tissues, and cells. Advances in nanotechnology have enabled the diagnosis of diseases in extremely small quantities or in their early stages. For example, in April 2019, NJIT inventors Bharath Babu Nunna and Eon Soo Lee were instrumental in inventing a nanotechnology enhanced biochip to identify malignancies, malaria, and viral infections such as pneumonia using a pinprick blood test. The convergence of ICT and medical disciplines reflects the introduction of seamlessly connected sensors and equipment that can improve healthcare services and an increased anticipation of IoT adoption in healthcare. The adoption of IoT in the healthcare industry, as well as the increasing demand for M2M and M2H communication, can be attributed to sophisticated medical equipment.

Internet of Nano Things Market Share Segment Analysis - Geography

By Geography, Internet of Nano Things Market has been segmented under North America, Europe, APAC, South America, and RoW. North America is estimated to grow at the fastest CAGR of 26.4% during the forecast period. North America is expected to be the largest region in the Internet of Nano Things Market in 2021, accounting for 35% of the total share. Various dangerous diseases are posing a significant challenge to modern medicine. This, together with rising consumer health awareness in the region, points to the need for more advanced technology. Nanomedicine was introduced in this business to overcome this barrier because it offers a variety of potential solutions to improve medical diagnostics and therapy, including the regeneration of tissues and organs. Various firms have been instrumental in producing gadgets that significantly aid in the improvement of breathing, particularly for asthma and allergy sufferers. For example, Dr. Goswami, Director of the University of South Florida's Clean Energy Research Center, invented Molekuile's Air purifier, which uses fresh new nanotechnology that is considerably superior to HEPA air filters. One of the major reasons expected to fuel the market's growth throughout the projected period is the increased initiatives by the government and regulatory organizations to boost IoT usage across the region. For example, in July 2019, US senators introduced the "IoT Readiness Act," which instructs the Federal Communications Commission (FCC) to estimate how much spectrum is required to fulfill the demands of IoT device development. Furthermore, the cost-effective manufacture of nanosensors due to their compactness is likely to result in a positive transition in the nanosensors market. Furthermore, one of the primary drivers driving the expansion of nanotechnology in the biomedical and healthcare segments in the North American area is the rapidly increasing demand for smaller and faster portable diagnostic sensing devices.

Internet of Nano Things Market Drivers

The need for increased interconnection drives the internet of things concept and, as a result, the Internet of Nano Things market as the number of linked devices and computer devices grows:

The growing rate of demand for ubiquitous connectivity is a key driver in the worldwide internet of nano things market. As the number of linked devices and computer devices grows, the necessity for improved interconnectivity drives the internet of things concept and, as a result, the Internet of Nano Things market. The worldwide internet of nanothings market has enabled businesses to significantly improve the rate of data transfer between systems while also lowering the level of complexity within various communications systems. The Internet of Nano Things depicts how the Internet will grow in size as nano-sensors and nanotechnology are linked to tangible things like physical assets or consumer gadgets that are connected to the Internet. This vision and model have existed for many years, but there has recently been an increase in the quantity and types of items that are connected, as well as in the technology for gathering, processing, and sharing. Advances in nanotechnology and increased awareness of the benefits of Internet of Nano Things among organizations to improve their rate of data transfer between endpoint devices with the least amount of complexity are projected to provide considerable growth prospects for the Internet of Nano Things market.

The development of Internet of Nano Things technology for healthcare has further increased the demand and awareness of Internet of Nano Things will drive market growth:

Advances in nanomedicine, a strong demand for economical and efficient healthcare facilities, and advances in nanotechnology to identify critical diseases in their early stages are the main contributors driving category revenue growth. The ageing population, combined with high expectations for higher quality of life and changing lifestyles, has created demand for better, more efficient, and more inexpensive healthcare. According to the United Nations, one in every six people worldwide suffers from neurological diseases, and nanotechnology is being employed in the healthcare industry to help them. Nanotechnology can be utilised in chemotherapy, allowing deadly chemicals to be administered directly to cancerous tumours rather than being washed through the body. In December 2019, A physicist from the University of Sussex produced a plan to assist scientists in understanding how to enhance the efficiency of nanomaterials used in health sensors. Nanomaterials have significant promise for providing the key to wearable technology that can wirelessly detect blood pressure, pulse, breathing, and joint movement in real-time.

Internet of Nano Things Market Challenges

The existing significant challenges of security and privacy that hinder the Internet of Nano Things market are a major impediment to faster expansion for the global internet of nano things market:

There are now significant difficulties with security and privacy that are impeding the IoT business in general. Because such vital conversations are carried out over a network of devices, external parties may find it easier to redirect or interrupt communications within a corporation. Another impediment to the market's growth is the large amount of capital necessary to set up an Internet of Nano Things system. The market's expansion is hampered by difficulties with privacy and security mechanisms. There is a need to improve the services provided by the Internet of Nano Things and, as a result, to establish a new service-oriented architecture that will allow nano networks and nano sensors to keep enormous amounts of data without compromising security. High capital investments necessary for the Internet of Nano Things system deployment, as well as the possibility of confidential data breach, cybercrime, and privacy and security issues, are important factors projected to impede market growth to some extent over the projection period. IoNT devices will be used in a smart factory to monitor temperature, humidity, gaseous fumes, water quality, and maybe carbon emissions from system exhaust. In another case, networked automobiles equipped with similar miniature sensors could forecast proximity, ambient conditions, and position data to help ensure the safety and accuracy of vehicle-assistance systems. But a large amount of capital necessary to set up Internet of Nano Things systems is expected to hamper the market growth.

Internet of Nano Things Industry Outlook

Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Internet of Nano Things market. In 2021, the market of Internet of Nano Things Market share has been fragmented by several companies. Internet of Nano Things top 10 companies include

1. Cisco Systems Inc.
2. Intel Corporation
3. IBM Corporation
4. Siemens AG
5. Schneider Electric
6. Gemalto N.V.
7. SAP S.E.
8. Juniper Networks
9. Qualcomm
10. Alcatel-Lucent S.A

Recent Developments

• In January 2021, PV Nano Cell Ltd., an innovative provider of inkjet-based conductive digital printing solutions and a manufacturer of conductive digital inks, announced the launch of an unique 5D (5 Dimensions) Complete Solution. This approach enables Electronics Everywhere by digitally printing a wide range of electronics that fuel the Internet of Nano Things. This newly launched solution makes use of the company's 3D printed electronics technology, which employs conductive additive manufacturing for mass-production applications.
• In 2021, the U.S President's Budget for 2021 requested more than US$1.7 billion for the National Nanotechnology Initiative (NNI), which includes the Internet of Nano Things. The United States government recognises the potential of this technology in defence, healthcare, and textiles, all of which benefit from the same findings.
• In 2019, Tang et al. developed a flexible nanowire-based sensor that is connected to the internet and can detect ammonia (NH3) in real time. The sensor, designed for use in a watch, had a lower detection limit and a faster response time than standard NH3 sensors, owing to the nanowires' extraordinarily high surface area to volume ratio.

Relevant Report Titles:

Global Nanomaterials Market

Report Code: CMR 99741

Carbo Nanomaterials Market

Report Code: CMR 0350

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