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Nanotechnology Market Size, Share & Growth | Forecast [2031]

Nanotechnology Market

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Segments - by 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), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023-2031

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Author:

Riddhesh Dani

Fact-checked by:

Harneet Meher

Editor:

Shruti Bhat

Report Description

The Global Nanotechnology Market size was valued at USD 3.02 Billion in 2022 and is expected to surpass USD 34.31 Billion by 2031, expanding at a CAGR of 31% during the forecast period, 2023 – 2031. 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.

Nanotechnology Market Trends, Drivers, Restraints, and Opportunities

Technological innovation has led to the wider application of nanotechnology across various industrial domains such as communication, transportation, and chemical sectors. This is a key factor driving the market.
Cost effectiveness during continuous monitoring of structural performance of infrastructural projects by the use of nanoscale sensors and devices present a main driver of the market.
Surge in the adoption of the technology in medical diagnosis and imaging process as well as increased use of nano devices for healthcare projects are expected to fuel the market growth in the coming years.
Certain complications during the deployment of nanodevices in extreme conditions and high cost of the technology are major challenges that can hamper the market growth during the forecast period.
Increased R&D activities and investments from government organizations towards self-powered nanotech devices are projected to offer lucrative growth opportunities of the market.

Scope of Nanotechnology Market Report

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	2022
Historic Data	2016–2021
Forecast Period	2023–2031
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

Global Nanotechnology Market Segment Insights

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.

Segments

Types

Nano Sensors
- Optical Nanosensor
- Biological Nanosensor
- Chemical Nanosensor
- Physical Nanosensor
- Others
Nano Devices
- Nanomanipulators
- Nanomechanical Test Instruments
- Nanoscale Infrared Spectrometers
- Others

Applications

Electronics
Energy
Chemical Manufacturing
Aerospace & Defense
Healthcare
Others

Regions

North America
Europe
Latin America
Asia Pacific
Middle East & Africa

Key Players

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
Nanoics Imaging Ltd

Competitive Landscape

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.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Nanotechnology Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Nanotechnology Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Nanotechnology Market - Supply Chain
  4.5. Global Nanotechnology Market Forecast
     4.5.1. Nanotechnology Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Nanotechnology Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Nanotechnology Market Absolute $ Opportunity
5. Global Nanotechnology Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Nanotechnology Market Size and Volume Forecast by Applications
     5.3.1. Electronics
     5.3.2. Energy
     5.3.3. Chemical Manufacturing
     5.3.4. Aerospace & Defense
     5.3.5. Healthcare
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Nanotechnology Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Nanotechnology Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Nanotechnology Demand Share Forecast, 2019-2026
7. North America Nanotechnology Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Nanotechnology Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Nanotechnology Market Size and Volume Forecast by Applications
     7.4.1. Electronics
     7.4.2. Energy
     7.4.3. Chemical Manufacturing
     7.4.4. Aerospace & Defense
     7.4.5. Healthcare
     7.4.6. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Nanotechnology Demand Share Forecast, 2019-2026
8. Latin America Nanotechnology Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Nanotechnology Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Nanotechnology Market Size and Volume Forecast by Applications
     8.4.1. Electronics
     8.4.2. Energy
     8.4.3. Chemical Manufacturing
     8.4.4. Aerospace & Defense
     8.4.5. Healthcare
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Nanotechnology Demand Share Forecast, 2019-2026
9. Europe Nanotechnology Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Nanotechnology Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Nanotechnology Market Size and Volume Forecast by Applications
     9.4.1. Electronics
     9.4.2. Energy
     9.4.3. Chemical Manufacturing
     9.4.4. Aerospace & Defense
     9.4.5. Healthcare
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Nanotechnology Demand Share Forecast, 2019-2026
10. Asia Pacific Nanotechnology Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Nanotechnology Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Nanotechnology Market Size and Volume Forecast by Applications
     10.4.1. Electronics
     10.4.2. Energy
     10.4.3. Chemical Manufacturing
     10.4.4. Aerospace & Defense
     10.4.5. Healthcare
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Nanotechnology Demand Share Forecast, 2019-2026
11. Middle East & Africa Nanotechnology Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Nanotechnology Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Nanotechnology Market Size and Volume Forecast by Applications
     11.4.1. Electronics
     11.4.2. Energy
     11.4.3. Chemical Manufacturing
     11.4.4. Aerospace & Defense
     11.4.5. Healthcare
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Nanotechnology Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Nanotechnology Market: Market Share Analysis
  12.2. Nanotechnology Distributors and Customers
  12.3. Nanotechnology Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Altair Nanotechnologies Inc.
     12.4.2. Applied Nanotech Holdings Inc.
     12.4.3. Thermofisher Scientific
     12.4.4. Imina Technologies SA
     12.4.5. Bruker Axs

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