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Nanotechnology Market Opportunities, Strategies, and Forecasts, 2004 to 2009
WinterGreen Research, Inc., Pages: 366
This report covers the Nanotechnology market from 2004 to 2009.
Nanotechnology advances range from mundane scratchproof glass to precision drug delivery systems. Computers the size of a sugar cube based on nano-materials could hold the entire Library of Congress. The development of advanced materials based on nanotechnology depends on continued spending on research.
Nano-technology refers to man made structure less than 100 nanometers. One nanometer is one billionth of a meter. Nanoscale materials have exceptional strength and characteristics that depend on the shape of the particle.
Growth is occurring in selected markets that have already developed because of a technological advantage and strong marketing. The market catalyst is sustainable amid competitive pressures. Nanotechnology is converging with information technology, biology and social sciences. Nanotechnology is expected to reinvigorating discoveries and innovation in many areas of the economy.
Nanotechnology has applications across many, many industries. More research is needed for markets to develop to their full potential. The current nanotechnology
product set is illustrative of markets that could evolve. 500 major government, university, and private R&D programs are under way.
Nanotechnology represents the prospect of using existing materials and putting them together in new ways to make new things, everything. First, it is necessary to understand the characteristics of the individual particles as distinct from atoms or macroscopic materials. Some basic science remains to be discovered.
Continued funding of basic chemical research is needed to achieve this basic chemical understanding. Over $3 billion was spent in 2003 on nanotechnology research, at
hundreds of government, university and private centers. Continued research spending is anticipated to lead to development of $750 billion markets by 2015.
Nanotechnology products in semiconductor, energy, healthcare, materials science, and instrumentation have created existing nanotechnology markets of $499 million in 2003 with growth expected to achieve markets of $4.5 billion by 2009.
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