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Nanotechnology Industry Impact Research Service
Frost & Sullivan, March 2003
Nanotechnology Initiatives in Limelight with its Wide-ranging Applications
With the steadily increasing importance of nanotechnology across a broad spectrum of applications, this promising technology is likely to witness greater commercialization in the coming decade. Since nanotechnology is cross-disciplinary, research programs are aiming to discover and perfect the science, engineering, and manufacturing of sub-micrometer systems that perform designed-for tasks analogous or related to diverse electrical, mechanical, biological, and computing systems. With the help of nanotechnology and its associated tools and techniques, scientists are gaining proficiency in manipulating atoms to create new molecules-the building blocks of our natural world-and produce new materials that are smaller, stronger, tougher, lighter, and more resilient than what is currently available.
This Technical Insights' report by Frost & Sullivan provides a detailed coverage of key nanotechnology developments and trends. Readers can get a broad perspective of the upcoming market opportunities with the help of comprehensive information on emerging applications in different sectors. Besides these, the report also provides the current status on technologies, investment and funding, a detailed list of pertinent patents along with abstracts, and profiles of key developers and their contact information.
Industry Buoyant and Opportunities Galore
Nanotechnology is where computer technology was in the 1970's. Existing silicon-based technology's potential to fabricate smaller and faster chips will plateau before 2015 and this is where nanotechnology is expected to make a difference, says the analyst. Nanopowders, nanoparticles, plastic nanocomposites, and other nanoscale materials are finding niche applications in various industries. Manufacturers are gaining a competitive edge due to the utility of products in efficient waste management, protection of people and environment, and its molecular size.
Nanotechnology's growing stature is reflected by the research initiatives undertaken in various industries. It is already being used in the development of denser hard drives, superior optical switches, nanostructured fuel cells, novel fibers, and unstainable fabrics. Initiatives to develop scaled down genes and protein array-based diagnostics indicate its prominent use in the healthcare industry. Given the defense and security requirements, the next five to seven years is likely to see the development of surveillance equipment, and biosensors for detecting DNA, protein, lipids, and anthrax. Fabrication and instrumentation industry is in the process of developing nanometrology tools and new lithography techniques.
Revival in Funding will Set the Stage for Nanotechnology Revolution
The industry is dominated by small start-ups that are greatly dependent on government grants and venture capital funding for research processes. The analyst adds, After the dot-com bubble burst, investors are cautiously optimistic about nanotechnology and it is a challenge for such companies to secure adequate funding. As information available on novel nanotechnologies is insufficient, companies should focus on customer education and find ways to add value to their existing processes for finding a foothold in the market.
There is no doubt that nanotechnology has the potential to eventually lead to remarkable scientific developments. Advancements can extend from a mundane item such as scratchproof glass to precision drug delivery systems to a computer of the size of a sugar cube. Nanotech companies that can develop cost-effective and readily 'implementable' technological processes are likely to enjoy the cream of the market share.
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