Global Nanotechnology Market Overview
The market is driven by the rising demand for nanotechnology market in medical application imaging and rising investment for the development of nanotechnology-based products have propelled the demand. The market is expected to grow because it becomes important in different industries like Food and Beverages, Biotechnology, Medicine Healthcare Applications, Energy, Automotive Electronics. The competitive rivalry intensifies with 3D Systems, Nanoseedz., 3DIcon, and others operating in the market.
Nanotechnology Market Dynamics
The market for nanotechnology is growing rapidly due to the increasing demand for its use in medical applications and imaging. The European Commission estimates that the nanotechnology development sector has exceeded US$1 trillion in investments, and this number is expected to continue to grow. For example, the National Nanotechnology Initiative (NNI) received around US$27 billion in funding for research and development in 2019.
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Additionally, Massachusetts Institute of Technology (MIT) invested around US$350 million in 2018 for the state-of-the-art nanoscale research center named "MIT.nano." These investments are indicative of the growing interest in nanotechnology and its potential applications.
Nanotechnology Market Segmentation Analysis
By Product
- Nanosensors
- Nanodevices
- Nanocomposites
- Nanomaterials
- Nanotools
- Others
By Application
- Environment
- ICT
- Food and Beverages
- Biotechnology
- Medicine Healthcare Application
- Energy
- Automotive Electronics
- Pharmaceuticals
- Agriculture
- Chemical Manufacturing
- Aerospace Defense
- Others
By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
Major Companies Covered
Nanoseedz, 3DIcon, Agar Scientific, Leadernano, Ancon, Advanced Nano Products Co., Ltd., AnyGen, Nanoshel, Curiox Biosystems, Omniyo, Anosys, 10x Technology Inc, QD Vision, 3rdTech Inc, Arkema, 10Angstroms, 10x MicroStructures and 3M
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