Nanotechnology Market Competitive Analysis 2020 to 2030
The Nanotechnology Market is expected to grow at
a CAGR of 10.1% from 2020-2030, according to a new research report by Next Move
Strategy Consulting
Nanotechnology involves the study of nano sized particles (1-10nm) for
the development of various materials & devices. It is one of the
revolutionary technologies with several benefits and wide applications across
various 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 and
nanodevices. Nanosensors are specialized sensors used for the detection of
nanoparticles and monitoring of physical parameters such as temperature, and
others. Nanosensors find its application in smart devices used for continuous
monitoring, chemical processing, food & waters testing and others.
According to the report, nanotechnology finds its application in various
industries such as healthcare, chemicals, food & beverages & others.
There has been consistent development in nanotechnology owing to the growth in
R&D activities as well as surge in market investments. Furthermore, considerable
demand of smart wearable devices, biosensors, and nanosensors among others from
healthcare and fitness industry for diagnosis & treatment is expected to
augment the market growth. Moreover, growing demand for miniaturized, portable
& powerful devices as well as emerging applications in other industries is
also expected to accelerate the market growth. On the other hand, surge in
government funding and strategic collaboration in the nanotechnology market is expected
to bring changes in market trends.
However, high cost of nanotechnology & nanosensors based devices with
deployment issues in extreme climatic conditions are expected to restrain the
market growth. Moreover, growth in product launches & innovation as well as
strategic collaborations in market is anticipated to provide numerous
opportunities to the market players in the coming few years.
On the basis of type, the nanotechnology market share is segmented into nano
devices and nanosensors. Nanosensors segment dominates the global nanotechnology
market and will be dominant during the forecasted period.
On the basis of application, the nanotechnology market is categorised
into Electronics, Chemical Manufacturing, Energy, Aerospace & Defense,
Healthcare, and Others. The energy segment is expected to develop significantly
and dominate the market growth in terms of growth rate. North America accounts
for the largest market size &share of the nanotechnology market throughout
the forecast period, owing to the technological advancement in nanotechnology and
growth in research & development activities.Furthermore, rising inclination
towards smart wearable devices and presence of developed infrastructure fuels
the market growth. Europe holds the second leading position in the nanotechnology
market in terms of market size. Asia Pacific is expected to be the fastest developing
region in the nanotechnology market, majorly driven by the wide application in
various industries followed by the growth in government funding. Moreover, the
high adoption rate of nanotechnology owing to the emerging applications in
various industries is also expected to enhance the market growth.
According to the report, some of the key players in the nanotechnology
market are Applied Nanotech Holdings Inc., Altair Nanotechnologies Inc., Imina
Technologies Sa, Thermofisher Scientific, BrukerAxs, eSpin Technologies, Inc.,
KleindiekNanotechnikGmbh, Biosensor International, Nanoics Imaging Ltd and
Advanced Nano Products.
Browse key industry insights from the report, “Nanotechnology
Market Size By Type (Nano Devices and
Nanosensors) 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 table
of 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 market
in terms of application and is expected to grow at a significant CAGR to
maintain 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
Get a
free sample on the Nanotechnology Market report
About Next Move Strategy
Consulting
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