The Global Nanotechnology Market size was valued at USD 1.15 billion in 2019 and is predicted to reach USD 3.31 billion by 2030, with a CAGR of 10.1% from 2020-2030.
Nanotechnology is the manipulation of matter at atomic level, with the dimension of nanoparticles ranging from 1-100 nanometres. Nanotechnology offers benefits such as compact design, higher efficiency, light weight, energy conservation, and many more. Nanotechnology holds wide application in electronics & communication, telecommunication, industrial manufacturing & processing, defence & military sector, healthcare, engineering, as well as in all the branches that advanced science covers.
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Top Companies: Applied Nanotech Holdings Inc., Altair Nanotechnologies Inc., Imina Technologies Sa, Thermofisher Scientific, Bruker Axs, eSpin Technologies, Inc., Kleindiek Nanotechnik Gmbh, Biosensor International, Nanoics Imaging Ltd., and Advanced Nano Products and others.
The global nanotechnology market share has been analyzed based on type, application, and geography. Based on type, the nanotechnology market is segmented into nano devices and nano-sensors. The nano devices segment is sub segmented into Nanomechanical Test Instruments, Nanomanipulators, Nanoscale Infrared Spectrometers, and others. The nano-sensors segment is further divided into optical nano-sensors, biological nano-sensors, chemical nano-sensors, physical nano-sensors, and others. Based on application, the nanotechnology market is divided into electronics, chemical manufacturing, energy, aerospace & defense, healthcare, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
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North America is expected to account for the major market share in the global nanotechnology market throughout the forecast period owning to increased penetration of nanotechnology in medical imaging, higher adoption of wearables and smart electronic gadgets. Asia Pacific is estimated to show rapid growth with developing market size in the global nanotechnology market over the forecast period, owing to upsurge in clinical research practices, increase in product launches by market players, and rising investments by private and public sector for development of cutting-edge nanotechnologies.
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