Press release
Internet Of Nano Things Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
What industry-specific factors are fueling the growth of the internet of nano things market?The anticipated growth of the Internet of Things market can be attributed to the increasing number of interconnected devices and computers. Devices and computers interconnected to the internet via different communication systems such as Bluetooth, Wi-Fi, cellular and wired networks are referred to as linked devices and computers. The expansion of the Internet of Things is triggered by a rise in the count of computers and such linked devices that facilitate wireless data conveyance from a computer or cellular network to the cloud. For instance, in 2023, 64% of internet users engaged with smart home entertainment devices like internet-connected TVs, gaming consoles, home audio systems, and smart speakers, as reported by Eurostat, a Luxembourg-based government administration. This statistic showed an upsurge from the previous year. Hence, the escalating number of interconnected devices and computers is propelling the market of Internet of Things.
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What Is the projected market size and growth rate for the internet of nano things market?
The market size of the internet of nano things has seen significant expansion recently. The market will escalate from $23.24 billion in 2024 to $28.04 billion in 2025, with a compound annual growth rate (CAGR) of 20.7%. The surge in the previous timeline can be credited to the escalating demand for intelligent devices, healthcare tracking applications, environmental surveillance solutions, effective energy administration in smart grids, innovative agri-techniques, and industrial automation and control.
We anticipate tremendous expansion in the internet of nano things market in the forthcoming years. The market value is predicted to reach "$66.37 billion by 2029, growing at a compound annual growth rate (CAGR) of 24.0%. Factors such as the advent of healthcare nanobots and nanomedicine, the growth in environmental monitoring networks, improvements in security and surveillance, the use of IoNT in smart homes and buildings, and the emergence of bio-inspired nanosystems are expected to fuel this growth in the forecast duration. Throughout the same prediction period, we foresee trending developments such as the incorporation of nanotechnology into IoT, advancements in nanosensor technology, increased cooperation in IoNT research and development, the fusion of precision farming with AI and IoNT, and the application of IoNT in wearable tech.
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What new trends are reshaping the internet of nano things market and its opportunities?
Leading firms in the Internet of Things (IoT) market are introducing 5G NB-IoT satellite connectivity to boost IoT reach within remote and rural regions, allowing for efficient, low-energy, broad network transmission for interconnected devices. The addition of 5G NB-IoT satellite connectivity gives a boost to IoT by enhancing coverage in remote locations, enabling power-efficient communication for reliable long-range data transfer, and facilitating various applications like asset monitoring and environmental surveillance, thereby substantially enlarging the impact of IoT solutions. Take for example Sateliot, a Satellite telecommunications enterprise based in Spain, which in August 2024, unveiled new satellites providing worldwide IoT connectivity and linked over eight million devices across sectors like agriculture and logistics. These satellites boast advancements over earlier versions, utilizing proprietary store and forward technology, while fully compliant to GSMA and 3GPP standards. Their relevance in the IoT market entails confirming 100% global coverage, which positions Sateliot to reshape the IoT field and encourage the widespread employment of IoT solutions across different sectors.
What major market segments define the scope and growth of the internet of nano things market?
The internet of nano things market covered in this report is segmented -
1) By Product: Nano Phones, Nano Cameras, Nano Processors, Nanosensors, Nano Power System, Nano Memory Cards, Nano Antennas And Receivers, Other Products
2) By Network Architecture: Nano-Nodes, Nano-Routers, Nano-Micro Interface Devices, Gateway
3) By Communication Type: Short Distance, Long Distance
4) By End User: Healthcare, Logistics, Defense And Aerospace, Manufacturing, Energy And Power, Retail, Other End Users
Subsegments:
1) By Nano Phones: Smart Nano Phones, Basic Nano Phones
2) By Nano Cameras: High-Resolution Nano Cameras, Low-Light Nano Cameras
3) By Nano Processors: Low-Power Nano Processors, High-Performance Nano Processors
4) By Nanosensors: Chemical Nanosensors, Biological Nanosensors, Physical Nanosensors
5) By Nano Power System: Nano Energy Harvesters, Nano Batteries
6) By Nano Memory Cards: Nano SD Cards, Nano MicroSD Cards
7) By Nano Antennas And Receivers: Nano Antennas, Nano Receivers
8) By Other Products: Nano Actuators, Nano Drones, Other Nano Devices
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Which region dominates the internet of nano things market?
North America was the largest region in the internet of nano things market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global internet of nano things market during the forecast period. The regions covered in the internet of nano things market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the internet of nano things industry growth?
Major companies operating in the internet of nano things market include Cisco Systems Inc., IBM Corporation, Siemens AG, Intel Corporation, Qualcomm Technologies Inc., Schneider Electric Industries SAS, Juniper Networks Inc., Nokia Corporation, Robert Bosch GmbH, Microsoft Corporation, Bruker Corporation, Agilent Technologies Inc., Infineon Technologies AG, Dell Technologies Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., SAP SE, Alcatel-Lucent SA, Gemalto N.V., Texas Instruments Inc., Analog Devices Inc., STMicroelectronics N.V., NXP Semiconductors N.V., TE Connectivity Ltd., Broadcom Inc., Renesas Electronics Corporation, Atmel Corporation, Cypress Semiconductor Corporation, Microchip Technology Inc., Maxim Integrated Products Inc., ON Semiconductor Corporation, ARM Holdings plc, Marvell Technology Group Ltd., MediaTek Inc., Murata Manufacturing Co. Ltd., TDK Corporation, Fujitsu Limited, Toshiba Corporation
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What Is Covered In The Internet Of Nano Things Global Market Report?
• Market Size Forecast: Examine the internet of nano things market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the internet of nano things market for a structured understanding.
• Key Players Overview: Analyze major players in the internet of nano things market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the internet of nano things market.
• Segment Contributions: Evaluate how different segments drive overall growth in the internet of nano things market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the internet of nano things market.
• Industry Challenges: Identify potential risks and obstacles affecting the internet of nano things market.
• Competitive Landscape: Review strategic developments in the internet of nano things market, including expansions, agreements, and new product launches.
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