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Internet of Nano Things Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

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    Report

  • 134 Pages
  • August 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 4591698

FEATURED COMPANIES

  • Cisco Systems Inc.
  • Ibm Corporation
  • Intel Corporation
  • Juniper Networks Inc.
  • Nokia Corporation
  • Qualcomm Inc.
The internet of nano things market was valued at USD 13.39 billion in 2021. It is expected to reach USD 47.77 billion by 2027, registering a CAGR of 22.38% over the forecast period (2022 - 2027). The internet of nano things (IoNT) facilitates the interconnection of nano-sensors and nanodevices with the existing communication technologies in the market, including the internet.

Key Highlights

  • The development of nano-machines with communication capabilities and interconnection with micro-and macro-devices will empower IoNT, which is being increasingly seen as the next major technological innovation. These devices have dimensions ranging from 1 nm to 100 nm and are interconnected with classical networks leading to new networking paradigms.
  • The increased government spending in the aerospace and defense sector is expected to drive the IoNT market during the forecast period, as IoNT has found major applications in the fields of nano-drones that could be used for monitoring and carrying explosives sufficient enough to penetrate the targetted subject.
  • The technological advancements over the past few years have primarily led to the rapid growth of smart environments (offices, homes, and cities, among others). This rapid increase in such environments has paved the way for the interconnectivity of applications and the usage of the internet, prompting the emergence of IoT technology. The expansion of the IoT concept has also given access to IoNT, which is a new communication network paradigm that is primarily based on nanotechnology and IoT.
  • With the integration of the autonomous and embedded sensors through a combination of micro and nanosystem technologies, the manufacturing sector is revolutionizing the self-powered, high bandwidth devices used for advanced manufacturing (AM), artificial intelligence (AI), and IoT.
  • As devices become more connected and IoT becomes abundant, the sheer rise in the volume of devices is expected to enable companies to improve service, offer newer products, or streamline existing processes. The IoNT ecosystem is gaining widespread adoption across multiple industries, along with an increased demand for IoNT-enabled devices. The Internet of Nano Things (IoNT) offers a medium to connect various nanodevices with the help of high-speed networks.
  • The number of breaches to private networks and devices via IoT has increased in recent years. The addition of several devices like IoT increases the surface area of a network, thereby creating more potential attack vectors in the process. Any unsecured device connected to a network may serve as a point of entry for an active attack on the network. Most government and public enterprises are dependent on information infrastructure services, and this dependency has become a major vulnerability factor due to cyber security threats.
  • By end user, the healthcare sector is expected to dominate the market. According to US-based Aruba, 73% of healthcare organizations use IoT for maintenance and monitoring.
  • Due to the COVID-19 pandemic, the global supply chain and demand for electronics were disrupted, owing to which the IoNT market’s hardware adoption was severely impacted. Due to the production shutdown in countries such as China, the electronics industry has observed a shortage of electronics supply during the pandemic. However, the demand for IoNT in government-deemed essential industries, such as healthcare, food, agriculture, and education, has been increasing due to the lack of workforce and remote monitoring and working requirements.

Key Market Trends


Healthcare Industry is Expected to Hold a Significant Share

  • Nanotechnology and the Internet of Nano Things (IoNT) have continuously impacted the healthcare sector and its transformation and contributed to better results. Including nanotechnology in medicine through nanomaterials and devices, known as nanomedicine, has brought many benefits to disease prevention, diagnosis, and treatment.
  • Incorporating the concept of IoNT into healthcare has enabled more personalized, timely, and convenient health monitoring and treatment. Therefore, nanotechnology and IoNT have the potential to completely revolutionize healthcare in the 21st century, creating a system that enables early detection and diagnosis of illness, followed by accurate, on-time, and effective treatment, significantly reducing medical costs.
  • The IoNT can also be used to form a body sensor network (BSN) that easily applies internal nano-sensors to monitor patient health and physiological activity. The patient can view this data obtained by the nano-sensor on a wearable gadget with a doctor.
  • Smart wearables have played a significant role in expanding the scope of IoNT in the sector. The massive adoption of fitness tracking devices and growing investments by companies like Apple, Fitbit, and Android enhance the range further by adding more healthcare features. Many startups are also bringing innovation into the sector.


North America is Expected to Hold the Largest Share

  • Modern manufacturing facilities in the United States rely on new technologies and innovations to produce higher quality products at a significant rate, with lower costs.
  • Fast and secure 5G connectivity is expected to enable agile operations and flexible production. This technology is expected to facilitate automated warehouses, automated assembly, connected logistics, packing, product handling, and autonomous carts.
  • Among emerging technologies that are expected to emerge out of the existing technologies transforming manufacturing in the United States is expected to include the convergence of AI and IoNT, with companies like SAS Software touting IoNT as the next wave for IoT based upon nanotechnology.​
  • Compared to the United States, Canadian companies have been slower to adopt advanced technologies, as per the 2020 Advanced Manufacturing survey of SMEs in North America. The Canadian energy sector has been procuring internet-connected sensors to monitor a range of activities across generating plants, distribution networks, and smart home meters.
  • Also, the emerging 5G standards with New Radio (NR) are targeting capabilities, such as vehicle-to-everything and ultra-reliable low-latency communications, as industrial use cases. With industrial communication buses standardized by IEC, such as PROFINET and Modbus, the market is headed toward reliable and securer industrial adoption.


Competitive Landscape


The internet of nano things market is highly competitive and consists of several key players like Schneider Electric, IBM, and Intel. However, the market remains consolidated, with many players trying to occupy the share. Their ability to continually innovate their products and services by investing significantly in research and development has allowed them to gain a competitive advantage over other players.
  • January 2022 - Advanced Material Development (AMD) announced that it had won an important InnovateUK “Analysis 4 Innovators” grant to work on validating its next-generation novel nanomaterial-based gas sensors. The company is working with the National Physical Laboratory (NPL) on developing and testing devices using advanced testing equipment and measurement and analysis experience.
  • September 2021 - Siemens AG is focusing on enhancing its distribution capabilities. For instance, the company announced that it entered a strategic distribution partnership with Digi-Key Electronics to offer its automation and control products.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support


This product will be delivered within 2 business days.

FEATURED COMPANIES

  • Cisco Systems Inc.
  • Ibm Corporation
  • Intel Corporation
  • Juniper Networks Inc.
  • Nokia Corporation
  • Qualcomm Inc.

1 INTRODUCTION
1.1 Study Assumption and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
2.1 Research Framework
2.2 Secondary Research
2.3 Primary Research
2.4 Primary Research Approach and Key Respondents
2.5 Data Triangulation and Insight Generation
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Value Chain Analysis
4.4 Assessment of the Impact of COVID-19 on the Market
4.5 Technology Snapshot
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Wide Connectivity in Devices
5.1.2 Emergence of Nanotechnology
5.2 Market Challenges/Restraints
5.2.1 Security Concerns
5.2.2 High Costs of the Technology
6 MARKET SEGMENTATION
6.1 By Component
6.1.1 Hardware
6.1.2 Software
6.1.3 Connectivity/Services
6.2 By End User
6.2.1 Healthcare
6.2.2 Logistics
6.2.3 Defense and Aerospace
6.2.4 Manufacturing
6.2.5 Energy and Power
6.2.6 Retail
6.2.7 Other End Users
6.3 By Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia-Pacific
6.3.4 Latin America
6.3.5 Middle-East and Africa
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Cisco Systems Inc.
7.1.2 Intel Corporation
7.1.3 Ibm Corporation
7.1.4 Siemens AG
7.1.5 Schneider Electric SE
7.1.6 Sap SE
7.1.7 Juniper Networks Inc.
7.1.8 Qualcomm Inc.
7.1.9 Nokia Corporation
8 INVESTMENT ANALYSIS9 MARKET OPPORTUNITIES AND FUTURE TRENDS

A selection of companies mentioned in this report includes:

  • Cisco Systems Inc.
  • Intel Corporation
  • Ibm Corporation
  • Siemens AG
  • Schneider Electric SE
  • Sap SE
  • Juniper Networks Inc.
  • Qualcomm Inc.
  • Nokia Corporation

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