Nanotechnology Market Global Research Analysis 2020 to 2030
The Nanotechnology Market is expected to grow ata CAGR of 10.1% from 2020-2030, according to a new research report by Next MoveStrategy Consulting
Nanotechnology involves the study of nano sized particles (1-10nm) forthe development of various materials & devices. It is one of therevolutionary technologies with several benefits and wide applications acrossvarious industries. Nanotechnology finds its application in industries such as chemical,biomedical, transportation, agriculture, manufacturing & others.Nanotechnology market is bifurcated based on types such as nanosensors andnanodevices. Nanosensors are specialized sensors used for the detection ofnanoparticles and monitoring of physical parameters such as temperature, andothers. Nanosensors find its application in smart devices used for continuousmonitoring, chemical processing, food & waters testing and others.
According to the report, nanotechnology finds its application in variousindustries such as healthcare, chemicals, food & beverages & others.There has been consistent development in nanotechnology owing to the growth inR&D activities as well as surge in market investments. Furthermore, considerabledemand of smart wearable devices, biosensors, and nanosensors among others fromhealthcare and fitness industry for diagnosis & treatment is expected toaugment the market growth. Moreover, growing demand for miniaturized, portable& powerful devices as well as emerging applications in other industries isalso expected to accelerate the market growth. On the other hand, surge ingovernment funding and strategic collaboration in the nanotechnology market is expectedto bring changes in market trends.
However, high cost of nanotechnology & nanosensors based devices withdeployment issues in extreme climatic conditions are expected to restrain themarket growth. Moreover, growth in product launches & innovation as well asstrategic collaborations in market is anticipated to provide numerousopportunities to the market players in the coming few years.
On the basis of type, the nanotechnology market share is segmented into nanodevices and nanosensors. Nanosensors segment dominates the global nanotechnologymarket and will be dominant during the forecasted period.
On the basis of application, the nanotechnology market is categorisedinto Electronics, Chemical Manufacturing, Energy, Aerospace & Defense,Healthcare, and Others. The energy segment is expected to develop significantlyand dominate the market growth in terms of growth rate. North America accountsfor the largest market size &share of the nanotechnology market throughoutthe forecast period, owing to the technological advancement in nanotechnology andgrowth in research & development activities.Furthermore, rising inclinationtowards smart wearable devices and presence of developed infrastructure fuelsthe market growth. Europe holds the second leading position in the nanotechnologymarket in terms of market size. Asia Pacific is expected to be the fastest developingregion in the nanotechnology market, majorly driven by the wide application invarious industries followed by the growth in government funding. Moreover, thehigh adoption rate of nanotechnology owing to the emerging applications invarious industries is also expected to enhance the market growth.
According to the report, some of the key players in the nanotechnologymarket are Applied Nanotech Holdings Inc., Altair Nanotechnologies Inc., IminaTechnologies Sa, Thermofisher Scientific, BrukerAxs, eSpin Technologies, Inc.,KleindiekNanotechnikGmbh, Biosensor International, Nanoics Imaging Ltd andAdvanced Nano Products.
Browse key industry insights from the report, “NanotechnologyMarket Size By Type (Nano Devices andNanosensors) By Application (Electronics, Chemical Manufacturing, Energy,Aerospace &Defense, Healthcare, and Others), Regional Outlook (U.S., Canada,Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia,Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia,UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share &Forecast, 2020–2030” in detail along with the tableof contents:
Key Insights from the Nanotechnology Market Report:
- Asia Pacific is the fastest growing region in the Nanotechnologymarket owing to the wide expansion of applications across various industries, development of infrastructure and rising demand for portable devices.
· The energy segment dominates the marketin terms of application and is expected to grow at a significant CAGR tomaintain the lead till 2030.
- Some of the major players in the market are Applied Nanotech Holdings Inc., Altair Nanotechnologies Inc., Imina Technologies Sa, Thermofisher Scientific, Bruker Axs, eSpin Technologies, Inc., Kleindiek Nanotechnik Gmbh, Biosensor International, Nanoics Imaging Ltd and Advanced Nano Products.
The report Nanotechnology market –segmented by type, applicationand geography
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