USD 88.1 billion
Nanotechnology Market Size, Share, and Growth Analysis
Nanotechnology Market By Type (Nanodevice, Nanosensor), By Application (Healthcare & Pharmaceuticals, Automobile), By End User (Electronics, Energy and Environment), By Region -Industry Forecast 2025-2032
Report ID:
SQMIG45J2206 |
Region:
Global |
Published Date: February, 2025
Pages:
197
|Tables:
68
|Figures:
75
Format -
Nanotechnology Market Insights
Global Nanotechnology Market size was valued at USD 88.1 billion in 2023 and is poised to grow from USD 124.40 billion in 2024 to USD 1965.57 billion by 2032, growing at a CAGR of 41.2% during the forecast period (2025-2032).
The increasing use of nanotechnology in medical diagnostics and image processing, and continuous technological advancements in nanotechnology devices are playing a key role in the expansion of the market. This global nanotechnology market trend highlights the potential of nanotechnology to revolutionize medical practice by enabling more accurate and efficient diagnostic procedures. Additionally, extensive support and funding for research and development (R&D) from government agencies is further driving the market growth. Nanotechnology enables the development of advanced materials with improved properties.
The top players are focusing on extending their geographical footprints across the globe through the introduction of industry-specific solutions. These companies are strategically acquiring and collaborating with local players to secure a strong edge in the market. Furthermore, key market players are keen to introduce new products to attract and retain their customers. In addition, continuous research and product development investments are impelling the global nanotechnology market growth. The adoption of such corporate strategies helps market players sustain the market competition.
Nanotechnology involves building complex structures at the molecular or atomic level to produce high-quality, high-performing goods at reduced costs. It is a cutting-edge and efficient technology involved across diverse industrial sectors, including transportation, manufacturing, agriculture, and pharmaceutical. The global nanotechnology market is anticipated to grow due to the increasing use of nanomaterials in diverse end-use verticals, such as healthcare, electronics, aerospace, and textiles.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Nanodevice
Fastest Growth
Nanosensor
Growth Rate
41.2% CAGR
Global Nanotechnology Market ($ Bn)
Country Share for North America Region (%)
To get more reports on the above market click here to Buy The Report
Nanotechnology Market Segments Analysis
Global Nanotechnology Market is segmented by Type, Application, End User and region. Based on Type, the market is segmented into Nano Composites, Nano Materials, Nano Tools, Nanosensor, Nanodevice and Others. Based on Application, the market is segmented into Healthcare, Environment, Energy, Food and Agriculture, Information and Technology and Others. Based on End User, the market is segmented into Electronics, Cosmetics, Pharmaceutical, Biotechnology and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
As per the global nanotechnology market forecast, the nanodevice segment dominated in 2024, accounting for over 58% of global revenue. Nanodevices have shown significant potential in healthcare and medical applications, such as targeted drug delivery, imaging, diagnostics, and regenerative medicine. These applications have garnered substantial interest and investment, leading to a larger market share for the segment. Furthermore, the electronics industry has been a major driver of nanodevice adoption, with applications such as smaller and more efficient transistors, memory devices, and sensors. As technology continues miniaturizing, nanodevices become indispensable for maintaining and improving device performance. Implantable nanodevices assist in drug delivery systems, targeting specific cells or tissues to enhance therapeutic efficacy and reduce side effects.
The nanosensor segment is estimated to grow significantly over the forecast period in the global nanotechnology industry. Nanosensors are a crucial nanotechnology component, enabling the detection and measurement of various parameters at the nanoscale. Their applications range from medical diagnostics and environmental monitoring to electronics and consumer goods. The rapid advancement of nanotechnology has led to the development of increasingly sophisticated nanosensors with improved sensitivity, selectivity, and miniaturization, which has expanded their usability across diverse industries. Nanosensors are becoming integral to IoT ecosystems, enabling real-time data collection and analysis for smarter decision-making in sectors such as agriculture, manufacturing, and healthcare.
Analysis by Application
As per the global nanotechnology market analysis, the healthcare & pharmaceuticals segment led the market in 2024, accounting for over 26% share of the global revenue. The remarkable upsurge in adopting nanotechnology across diverse medical applications, including surgical nano-robots, nano-diagnostics, nano-biosensors, cell repair, imaging, and targeted drug delivery, stands as the central driving force propelling the robust growth of the segment. Furthermore, the growing prevalence of chronic diseases globally and the rising adoption of surgical procedures among patients is anticipated to fuel the demand for nanotechnology in producing a range of surgical tools and equipment.
The automobile segment is estimated to grow significantly over the forecast period. Integrating nanotechnology into the automotive industry can bring numerous benefits, including improved materials, enhanced energy efficiency, safety advancements, and innovative functionalities. Furthermore, nanotechnology has enabled the development of advanced materials with enhanced properties, such as strength, durability, and lightweight characteristics. These materials can be used in vehicle construction to improve fuel efficiency, safety, and overall performance. Stringent emission norms worldwide, such as Euro 6 and CAFE standards, are pushing automakers to adopt nanotechnology for developing lightweight, fuel-efficient vehicles. The integration of nanocomposites and carbon nanotubes reduces the weight of vehicles, enhancing fuel economy and reducing CO₂ emissions.
Global Nanotechnology Market By Type (%)
To get detailed analysis on other segments, Request For Free Sample Report
Nanotechnology Market Regional Insights
As per the nanotechnology market outlook, North America dominated the market in 2024, accounting for over 38% share of the global revenue owing to increasing research and development (R&D) expenditure by governments in the region. In addition, growing healthcare, IT, and manufacturing industries in countries such as Canada and the U.S. are expected to contribute to the market growth during the forecast period. For instance, in August 2023, the University at Albany unveiled the establishment of the College of Nanotechnology, Science, and Engineering. This newly expanded academic division enhances UAlbany's standing as a frontrunner in engineering, nanotechnology, semiconductor research, computer science, and artificial intelligence.
Asia-Pacific is anticipated to register the fastest CAGR during the forecast period. The Asia-Pacific region's increasing focus on developing its energy and power sector through government investments is anticipated to create a facilitative environment for the demand for nanomaterials over the forecast period. Notably, countries such as China, India, South Korea, and Japan are witnessing substantial demand for nanomaterials, attributed to their extensive manufacturing capacities across various industries. In addition, the region's favorable industrial policies, coupled with factors such as cost-effective labor and accessible production resources, are fostering a surge in Foreign Direct Investments (FDIs). This rise in investment is poised to bolster the manufacturing sector within the Asia-Pacific region significantly, hence driving the utilization of nanomaterials across various applications.
Global Nanotechnology Market By Geography
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Nanotechnology Market Dynamics
Nanotechnology Market Drivers
Increasing Adoption of Nano Devices in the Aerospace & Defense Sector
-
The upsurge in demand for lighter and more effective aircraft has boosted the fast adoption of nanomaterials in airplane manufacturing. Nanomaterials are used on a vast scale in aircraft parts manufacturing, such as aerostructure, textile, and glass, to develop an aircraft's comfort, safety, and affordability. In addition, nanomaterials' lightweight properties, high strength, and fast operating speed are expected to surge their deployment in aerospace applications.
Surge in Adoption of Nanotechnology in Medical Diagnosis
-
The increasing application of nanotech in medical diagnostics is fueling the product demand. In biomedical research, the technology was extensively used against COVID-19, such as in several vaccines that use nanoparticles as a treatment built on the encapsulation of the active ingredient of some drugs. Numerous advanced nanosystems are improved applicants for therapeutic purposes than conventional nanosystems.
Nanotechnology Market Restraints
High Infrastructure Cost of Nanomaterials May Hinder the Market Growth
-
The high cost of nanomaterials and devices is limiting the market growth. Producing nanodrugs is more expensive than traditional drugs. Physical methods for synthesizing nanoparticles are expensive. Furthermore, developing and synthesizing nanomaterials often involves advanced techniques and precise control over their properties. This requires sophisticated equipment and skilled researchers, leading to higher research and development expenses. Hence, the infrastructure costs can make the final products using nanomaterials more expensive, affecting their economic viability and market competitiveness.
Deployment of Nanotech Devices in Extreme Weather Conditions
-
Nanotech devices are expected to work under extreme weather conditions such as electromagnetic noise, radiation, high vacuum, and high temperature. In the field of nanotech devices, the devices must maintain stringent accuracy specifications for displacement, force, and response times. These new requirements present additional challenges in the compensation for elimination of cross-sensitivities. Many devices lose their precision and reliability when exposed to harsh environments. Advanced nanosensors and other devices must maintain maximum autonomy such that the devices can operate independently with low maintenance.
Request Free Customization of this report to help us to meet your business objectives.
Nanotechnology Market Competitive Landscape
The nanotechnology market is characterized by intense competition with key players focusing on research and development (R&D), strategic partnerships, and product innovation to strengthen their market presence. Prominent firms have used product launches and developments, followed by expansions, mergers and acquisitions, contracts, agreements, partnerships, and collaborations as their primary business strategy to increase their market share. The companies have used various techniques to enhance market reach and boost their position in the competitive industry. For instance, in April 2023, ITA-International, LLC announced the acquisition of Nanosafe Inc., an enterprise known for its expertise in nanotechnology's environmental health and safety aspects.
Top Players in Nanotechnology Market
- Nanoco Group plc (UK)
- Applied Materials, Inc. (US)
- Evonik Industries AG (Germany)
- BASF SE (Germany)
- Clariant AG (Switzerland)
- Nano-X Imaging Ltd. (Israel)
- Oxford Instruments plc (UK)
- Thermo Fisher Scientific Inc. (US)
- Bruker Corporation (US)
- Nanoco Group plc (UK)
- Arkema (France)
- Solvay (Belgium)
- Dow Inc. (US)
- 3M (US)
- Honeywell International Inc. (US)
- Air Products and Chemicals, Inc. (US)
- Merck KGaA (Germany)
- Sumitomo Chemical Co., Ltd. (Japan)
Nanotechnology Market Recent Developments
- September 2023: Battery materials manufacturer BASF partnered with Nanotech Energy to significantly reduce the CO2 emissions of Nanotech lithium-ion batteries supplied to the market.
- July 2023: Altair, an artificial intelligence company and computer science, acquired OmniV to expand its open model-based system technology across simulation, design, testing, control engineering, and product development through development and formalizing models to inform the company.
- July 2023: Advanced Test Equipment Corporation, a measurement and testing solutions provider, announced the expansion of its product portfolio via Bruker S1 Titan XRF Analyzer Series to its product offerings. The collaboration provides clients with analysis solutions that deliver consistent results and unmatched versatility.
Nanotechnology Key Market Trends
- Increase in Government Support and Funding: Nanoscience and nanotechnology are a priority field for innovation leaders. Nanotechnology is a key element of advanced manufacturing, which is being pursued by a widening circle of industrial countries that include Australia, Canada, China, France, Germany, Japan, the Republic of Korea, and the USA. Advanced manufacturing is the focus of one of China’s 16 mega-engineering programs leading up to 2020, by which time the country plans to be innovation driven.
- Emergence of Self-Powered Nanotech Devices: The expected increasing requirement for self-powered nanotech devices in the near future is one of the key opportunities in the market. A system should utilize energy from its surrounding environment, thus not requiring any maintenance, and be able to store the energy for later use. For instance, implantable biosensors are being used to monitor a patient’s glucose level, and environmental sensors assist in detecting toxins without the need for replacement batteries.
Nanotechnology Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the global nanotechnology market is highly competitive, owing to the strong presence of existing vendors. Nanotechnology vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals. The competitive environment in this market is expected to further intensify with an increase in technological innovations, product extensions, and different strategies adopted by key vendors. The global nanotechnology market holds high potential for the automotive and healthcare industry. The market growth is also attributed to an increase in R&D investments by the large players to deploy enhanced specifications in the product portfolio. Moreover, companies are projected to indulge in mergers, collaboration, and partnership to make the most use of technology, which is further projected to propel market growth. North America exhibits the highest adoption of nanotechnology and nanodevices and has been experiencing massive expansion of the market. On the other hand, Asia-Pacific is expected to grow at a faster pace, predicting lucrative growth due to emerging countries such as China, Japan, and India investing in these technologies. 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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 88.1 billion |
| Market size value in 2032 | USD 1965.57 billion |
| Growth Rate | 41.2% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Nanotechnology Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Nanotechnology Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Nanotechnology Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Nanotechnology Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Nanotechnology Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Nanotechnology Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Nanotechnology Market Report Snapshots
REQUEST FOR SAMPLE
Want to customize this report?
REQUEST FREE CUSTOMIZATION
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
