Nanotechnology is a relatively new sector, and future growth is dependent largely on growing government support and heavy investments in R+D initiatives. Nanotechnology plays a central role is the development of desktop manufacturing, cellular repair, artificial intelligence, inexpensive space travel, clean + abundant energy, and environmental restoration. Global nanotechnology market is increasingly witnessing a move towards consolidation, as players reorient strategies and realign their businesses to better reflect the changing competitive dynamics, and remain viable and competitive in the maturing market.
Micro-electro-mechanical systems (MEMS), and Microsystems Technology (MST) represent rapidly evolving niche technology areas with considerable potential. The field is gradually transforming from being 'technology-driven' to 'application-driven'. Banking on the 'top-down' technology, both the concepts grew on the microelectronics technologies. Significant applications are in communication, industrial, medical, chemical and automotive industries. Nanotechnology is an attempt by science to manipulate the world at its intimate level. A notion that matters can be dealt at the levels of atoms and molecules led to the invention of instruments such as Atomic Force Microscopes (ATM), Scanning Tunneling Microscope (STM), and Near Field Microscope.
Chemicals and Advanced Materials are projected to emerge as the largest and rapidly emerging application area for nanotechnology. Other key application areas include transportation industry, health and life science industries, electronics and communications, research, energy, consumer products, and tools. Manufacturing processes continue to emerge using nanotechnology, leading to cost reductions and increasing new applications for the technology. A wide range of new applications from sporting goods to fuel catalysts, contribute for the growth of nanomaterials market. In the food-packaging area, nanomaterials are currently being developed with improved thermal and mechanical properties to ensure better food protection.
Nanotubes is the most promising nanotech product category with numerous potential applications. Nanotubes are touted as plausible replacements for silicon in integrated circuits. Nanotubes exhibit exceptional thermal, mechanical, and electrical properties. These are primarily used in the production of plastic-based equipment for semiconductor wafers, mechanical memory (RAM), and computer disk drives. The improvements exhibited by the introduction of carbon fibers are likely to be dwarfed by the evolution of nanotubes. Nanotubes exhibit tremendous tensile strength that is finding numerous applications in the aerospace, automobiles and construction industries. The potential for nanotubes market is enormous in the delivery of medicine, manufacturing of computer circuitry, and heat reflective material.
The report titled "Nanotechnology: A Global Outlook Series", published by Global Industry Analysts Inc, provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a bird's eye view of this new, promising, and pulsating, potential laden industry. The report provides a rudimentary insight into the concept of nanotechnology, providing selective insights into major technology trends, and its impact on commercial applications in key end-use industries. Annotated with 20 market data-rich tables enumerating key research findings, the global and regional level of discussion culminates to provide a macro-level perception of the industry in its totality. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 1,049 companies worldwide.
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