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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Nanotechnology Market Outlook
The global nanotechnology market was valued at nearly USD 1.60 billion in 2023. The industry is further expected to grow at a CAGR of 10% during the forecast period of 2024-2032.
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Rapid advancement in technology is aiding the growth of the overall nanotechnology market. Nanotechnology finds use in communication, medicine, transportation, agriculture, energy, materials and manufacturing, and consumer products, among others. The growing acceptance and increased application of nanotechnology for diverse purposes is one of the major drivers contributing towards the growth of the nanotechnology market globally.
Global Nanotechnology Market: Properties and Applications
The nanotechnology market includes the production and application of physical, chemical, and biological systems and devices on scales ranging from individual atoms or molecules to around 100 nanometres.
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The global nanotechnology market can be broadly categorised based on its types, applications, and regions.
- Type:
- Nano Sensors
- Optical Nanosensor
- Chemical Nanosensor
- Physical Nanosensor
- Biosensors
- Others
- Nano Device
- Nanomanipulator
- Nanomechanical Test Instruments
- Nanoscale Infrared spectrometers
- Others
- Nano Sensors
- Application:
- Electronics
- Energy
- Chemical Manufacturing
- Aerospace and Defence
- Healthcare
- Others
The EMR report looks into the regional nanotechnology markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Global Nanotechnology Market Analysis
Factors such as the technological advancements in nanotech devices and the rise in the adoption of nanotechnology in medical diagnosis and imaging are driving the growth of the global nanotechnology market. The rise in efforts by the governments across the nations, increased R&D funding, and the advent of self-powered nanotech devices are expected to offer lucrative opportunities for the nanotechnology market growth over the forecast period. Problems arising from the installation of nanodevices under extreme conditions and high technology costs, however, serve as significant obstacles, hampering the growth of the nanotechnology market.
Global Nanotechnology Market: Competitive Landscape
The report presents a detailed analysis of the following key players in the global nanotechnology market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Altair Nanotechnologies Inc.
- Applied Nanotech Inc
- Advanced Nano Products Co Ltd
- Bruker Corporation
- Biosensors International Group Ltd.
- Espin Technology Inc.
- Imina Technologies SA
- Nanonics Imaging Ltd.
- DuPont de Nemours, Inc.
- Arkema Group
- Others
The EMR report gives an in-depth insight into the nanotechnology market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Nanotechnology Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global nanotechnology market attained a value of nearly USD 1.60 billion.
The market is projected to grow at a CAGR of 10% between 2024 and 2032.
The major drivers of the market are development of self-powered nanotech devices, growing preference for nanotechnology in medical imaging and diagnostic applications, favourable policies by various governments, and growing technological advancements.
The growing research and development activities by various governments and private organisations and rising demand from the developing regions are the key trend guiding the growth of the nanotechnology market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Nano sensors and nano device are the major nanotechnology types in the market. Nano sensors are further subdivided by type into optical nano sensor, chemical nano sensor, physical nano senso, and biosensors, among others, while nano devices are subcategorised by type into nanomanipulator, nanomechanical test instruments, and nanoscale infrared spectrometers, among others.
The significant applications of the product include electronics, energy, chemical manufacturing, aerospace and defence, and healthcare, among others.
The major players in the market are Altair Nanotechnologies Inc., Applied Nanotech Inc, Advanced Nano Products Co Ltd, Bruker Corporation, Biosensors International Group Ltd., Espin Technology Inc., Imina Technologies SA, Nanonics Imaging Ltd., DuPont de Nemours, Inc., and Arkema Group, among others.
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