The global nanotechnology market was valued at USD 1.76 billion in 2020 and is anticipated to expand at a substantial CAGR during the forecast period, between 2021 and 2028. Nanotechnology refers to the study of nanoparticles by using advanced technology and devices to understand the features and behavior of these micro elements. In general, the dimensions of these particles are between the ranges from 1 to 100 nanometers. Nanotechnology and nanoscience can find its applications in various scientific fields such as chemical, bio-medical, mechanics, and material science. Nano matters available in the forms of solids, liquids, and gases normally exhibit unusual chemical, physical, and biological properties. The nanotechnology market comprises a series of applications of nanoparticles in various industries including electronics, energy, and chemical sectors.
The report on the global nanotechnology market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes |
Details |
Report Title |
Nanotechnology Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Nano Sensors [Chemical Nanosensor, Biological Nanosensor, Optical Nanosensor, Physical Nanosensor, and Others] and Nano Devices [Nanomechanical Test Instruments, Nanoscale Infrared Spectrometers, Nanomanipulators, and Others]), Applications (Chemical Manufacturing, Aerospace & Defense, Electronics, Energy, Healthcare, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Altair Nanotechnologies Inc.; Applied Nanotech Holdings Inc.; Thermofisher Scientific; Imina Technologies SA; Bruker Axs; Kleindiek Nanotechnik GmbH; eSpin Technologies Inc.; Advanced Nano Products; Biosensor International; and Nanoics Imaging Ltd. T |
Based on types, the global nanotechnology market is bifurcated into nano sensors and nano devices. The nano sensors segment is further classified as optical nanosensor, biological nanosensor, chemical nanosensor, physical nanosensor, and others. The nano devices segment is further divided into nanomanipulators, nanomechanical test instruments, nanoscale infrared spectrometers, and others. The nano devices segment is projected to hold significant market share during the forecast period due to the wide application of the devices in various industries. The nano sensors segment, however, is expected to witness robust growth in the coming years as nano sensors help in detecting chemical or mechanical information and monitoring physical parameters.
On the basis of applications, the market is classified as electronics, energy, chemical manufacturing, aerospace & defence, healthcare, and others. The aerospace & defense segment is anticipated to account for a key market share during the forecast period owing to the technological advancements in the aeronautical industry. Nanotechnology is widely used in various military projects such as emergence response, casualty care and medical applications, and advanced automation & robotics. Increasing government spending on the defense sector and developments in the scientific field primarily drive the growth of this segment. The integration of nanoscale sensors and devices have paved the way for growth in the communications and transportation segment.
In terms of regions, the global nanotechnology market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific constituted a major share of the market in 2020 and is projected to dominate the market in the coming years due to rapid expansion of various industries, impacted by urbanization and industrialization in the region. Moreover, increase in R&D spending by information technology companies and growing development in scientific research are driving the regional market. The market in North America, however, is projected to expand at a significant CAGR during the forecast period due to growing R&D expenditure and government initiatives in the field of nanotechnology.
Key players competing in the global nanotechnology market are Altair Nanotechnologies Inc.; Applied Nanotech Holdings Inc.; Thermofisher Scientific; Imina Technologies SA; Bruker Axs; Kleindiek Nanotechnik GmbH; eSpin Technologies Inc.; Advanced Nano Products; Biosensor International; and Nanoics Imaging Ltd. These players are widely engaged in various business development strategies including mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence and expand their consumer base globally.
Key players competing in the global nanotechnology market are Altair Nanotechnologies Inc.; Applied Nanotech Holdings Inc.; Thermofisher Scientific; Imina Technologies SA; Bruker Axs; Kleindiek Nanotechnik GmbH; eSpin Technologies Inc.; Advanced Nano Products; Biosensor International; and Nanoics Imaging Ltd. These players are widely engaged in various business development strategies including mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence and expand their consumer base globally.
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