Global Nanotechnology Market Research Report by Component, by Industry, by Deployment Type, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19

The global Nanotechnology Market is valued at approximately USD 1165.90 million in 2019 and is anticipated to grow with a healthy growth rate of more than 10.50% over the forecast period 2020-2027. Nanoscience and nanotechnology are the studies of devices and nanoparticles which find their application across all scientific fields such as bio-medical, chemical, mechanics, and materials sciences. Also, nanotechnology carries a significant impact and served as a revolutionary and beneficial technology across various industrial domains including medicine, energy, transportation, material & manufacturing, and consumer products. As it allows the technological goal of precisely manipulating molecules and atoms for the fabrication of macroscale products, also now referred to as molecular nanotechnology. Also, the key players are focusing on strategies such as product launch, innovation, and merger & acquisition to sustain themselves amidst fierce competition. The growth of the market is attributed owing to the rise in nanotechnology adoption in medical diagnosis & imaging and technological advances in nanotechnology devices.

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In addition, rising government support and R&D funding and the advent of self-powered nanotechnology devices would drive the growth of the market. In addition, semiconductor manufacturing companies have been at the forefront of adopting advanced technologies to fabricate highly integrated circuits. Further, the constant need for miniaturization and the demand for improving performance and design of a variety of semiconductor and electronics devices are some major factors that broaden up the growth prospects for the market. As published by the National Science and Technology Council, the proposed budget of the National Nanotechnology Initiative for the Fiscal year 2017 will continue to advance US understanding of nanoscale phenomena and the Nation’s ability to engineer nanoscale systems and devices that address national priorities. The proposed National Nanotechnology Initiative (NNI) investments in nanotechnology infrastructure and research facilities in 2017 is USD $235 million, a 7 percent increase from 2015 levels. Nanotechnology activities again account for approximately 10 percent of the NNI budget request. Similarly, as per the ChinaDaily since 2012, the Ministry of Education has incorporated around USD $75 million to universities for nano-research. Thus, high investments in nanotechnology have successfully fostered the transition of nanotechnology discoveries from the lab to the market. However, problems regarding the deployment of nanotech devices in extreme weather conditions and the high cost of the technology are hampering the growth of the market during the forecast period of 2020-2027.

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Major market player included in this report are:
Altairnano
Applied Nanotechsa
Advanced Nano Products
Bruker Corporation
Biosensors International Inc
eSpin Technology
Imina Technology
Kleindiek Nanotechnik GmbH
Nanonics Imaging Ltd
Thermofisher Scientific Inc

By Type:
Nano Devices
Nanosensors

By Application:
Electronics
Chemical Manufacturing
Energy
Aerospace & Defense
Healthcare
Others

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This release was published on openPR.