USD 3.27 Billion
Global Nanotechnology Market Size, Share, Growth Analysis, By Type(Nanodevices, and Nanosensors), By Industry(Electronics, Healthcare), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
SQMIG45J2206 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|
Tables:
95 |
Figures:
76
Global Nanotechnology Market Insights
Global Nanotechnology Market size was valued at USD 3.27 Billion in 2022 and is poised to grow from USD 4.47 Billion in 2023 to USD 53.51 Billion by 2031, growing at a CAGR of 36.4% in the forecast period (2024-2031)
The growth of Nanotechnology is majorly driven by the rise in the adoption of Nano devices in medical diagnostics. As, the nanoparticles and the Nano devices were widely used in the production of the vaccines for covid-19 and in the diagnosis of the cancer. The prominent restraint of this market is the high cost of the nanotechnology, as it has been found that the nanomaterial’s synthesis incur cost, so this can hamper the adoption of the Nano systems and thus restricts the market growth.
In the global nanotechnology market, the major trend is the rise in the adoption of Nano devices in aerospace and defense. This industry requires nanomaterials and Nano devices for the creation of light and durable aircraft.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Healthcare
Fastest Growth
Aerospace & Defense
Growth Rate
36.4% CAGR
Global Nanotechnology Market ($ Bn)
Country Share for North America Region (%)
Global Nanotechnology Market Size By Industry ($ Bn)
Global Nanotechnology Market Size By Industry (%)
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Global Nanotechnology Market Segmental Analysis
Global Nanotechnology Market is segmented by type, by industry, and regions. Based on type, the market is segmented into Nano devices and Nano sensors. By industry, the market is segmented into Electronics, Healthcare, Manufacturing, Energy and power, Automotive, Aerospace and defence, Food & Beverages, and others. Further, based on regions, the market is segmented into North America, Europe, Asia Pacific, and others.
Nanotechnology Market Analysis by Type
By Type, the market is segmented into Nano devices and Nano sensors. The Nano devices dominates the nanotechnology market globally. In 2023, the estimated market share of the Nano devices was 60.1%. This is attributed by the applications of Nano devices in various sectors. As, in healthcare, the Nano devices shows the potential in target drug delivery, diagnostics, imaging, etc. On the other hand, in the electronic industry, the Nano devices shows the applications such as efficient transistors, memory devices, etc. On the other, it has been anticipated that Nano sensors will grow at the fastest rate during the forecasted period.
As, the Nano sensors are widely used in various areas like agriculture, medical technology, diagnostics, and many more. In all these areas, the Nano sensors helps in real-time data collection and provide rapid responses.
Nanotechnology Market Analysis by Industry
By Industry, the market is segmented to Electronics, Healthcare, Manufacturing, Energy and power, Automotive, Aerospace and defence, Food & Beverages, and others. The healthcare sub-segment dominates the nanotechnology market across the globe. As, this sub-segment holds 27.1% of the market share.
This is attributed by the rise in the adoption of the Nano technological devices by the healthcare sectors for various purposes like imaging, diagnosis, cell repairing, drug delivery, etc. On the other hand, the aerospace and defence are considered as the fastest growing sub-segment. This is further attributed by the potential benefits that it provides like improvised sensors, light and the durable materials, advanced systems, etc.
Global Nanotechnology Market Size By Industry, 2022 (%)
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Global Nanotechnology Market Regional Insights
Geographical insights reveal that North America region is considered as the dominant region for the Nanotechnology market. It has been estimated that North America will holds the market share of 40% during the forecasted period. This is driven by the early adoption of the advanced technologies, growing investments in the research and development area, and the presence of healthcare infrastructure. It has been found that the major countries like US and Canada highly investing in the research and the development area. In all, the US has spent $607.8 billion USD in the research and development activities, under which $102.3 billion USD was spent on the basic research.
On the other hand, the Asia-pacific is considered as the fastest growing region, this is attributed by the rise in the government investments in the energy and power sector. This thus, foster the increased demand for the Nanomaterial’s in this region. The extensive production potential of the major countries like China, India, Japan, and South Korea, also results in the increased demand for the Nanomaterial’s.
Global Nanotechnology Market By Region, 2024-2031
- Largest
- Fastest
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Global Nanotechnology Market Dynamics
Nanotechnology Market Drivers
Rise in Adoption of Nanotechnology in Medical Diagnostics
- The increased demand for the nanotechnology in the medical diagnostic surging the demand of the product. During covid-19, the nanoparticles were widely being used in the vaccines. It also has been found that the Nano systems are widely used in the diagnosis of the cancer and in creating the cancer drugs. Due to all these applications, the nanotechnology is widely adopted by the medical industry, which further drives the growth of the market.
Rise in Titanium Nanoparticles Demand
- The growing demand of Titanium nanoparticles is due to its unique potentials such as effective in restricting bacterial growth, corrosion to resistance, and is biological compatible. Due to these characteristics, the titanium nanoparticles widely used in aerospace, medical, petrochemicals, and architecture sectors. All these factors result in the high adoption of the titanium nanoparticles and thus surges the global nanotechnology market growth.
Nanotechnology Market Restraints
High cost`
- It has been found that high cost is associated with the nanotechnology. As, in comparison to the traditional drugs, the Nano drugs production is quite expensive. On the other hand, the synthesis of the nanoparticles also incurs high cost, due to the high expense of the equipment’s as well as the researchers. So, all these factors together restrict the adoption of Nano systems and nanoparticles, which further hampers the growth of the nanotechnology market across the globe.
Installation of Nano devices in Harsh Weather
- The harsh weather conditions can negatively affect the performance of the Nano devices. Due to which, the specialized kind of materials required that can easily withstand the harsh weather conditions, this further limit down the growth potential of the applications of nanotech. Thus restricts the overall growth of the market.
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Global Nanotechnology Market Competitive Landscape
The global Nanotechnology market is characterized by intense competition among key players striving to gain a significant market share. Established companies and new entrants are focusing on product innovation, research and development, and strategic partnerships to stay ahead in the market. Key players are also emphasizing the development of customer-specific and region-specific products to cater to diverse consumer preferences. Mergers and acquisitions are common strategies employed to expand market reach and enhance product portfolios. The competitive landscape is dynamic, with players striving to meet evolving consumer demands and gain a competitive edge in the market.
Nanotechnology Market Top Player’s Company Profiles
- ANP CORPORATION (India)
- Bruker Corporation (US)
- Fujitsu Limited (Japan)
- Kleindiek Nanotechnik GmbH (Germany)
- eSpin Technologies, Inc. (US)
- Altairnano (US)
- Bayer AG (Germany)
- Infineon Technologies AG (Germany)
- Imina technologies SA (Switzerland)
- Altair Nanotechnologies Inc. (US)
- Advanced Nano products Co. ltd (South Korea)
- Applied Nanotech Inc. (US)
- Biosensors International Group, Ltd (Singapore)
- ACS material (US)
- Ansell Ltd. (US)
- Forge Nano (US)
- Fortis life sciences (US)
- Nano magic LLC. (US)
Nanotechnology Market Recent Developments
- September 2023: BASF collaborated with Nanotech Energy, for fostering the CO2 footprint reduction of lithium-ion batteries for the market of North America
- July 2023: OmniV has been acquired by Altair for the expansion of the open model-based systems engineering practice across simulations, test, and development of product.
- July 2023: Advanced test Equipment Corporation expanded its product portfolio through Bruker S1 Titan XRF analyser series. Through this partnership, the client can easily be able to access the analysis solution.
Global Nanotechnology Key Market Trends
Rise in the adoption of the Nano devices in aerospace and defense
- The increased demand for the light as well as durable aircraft surges the fast adoption of the nanomaterials by the aerospace and defence industry. Nanomaterials majorly used in the manufacturing of the aircraft parts like aero structure, glass, etc., to make aircraft comfortable and safe. So, the rise in the nanotechnology adoption by the aerospace industry boosts the growth of nanotechnology market worldwide.
Incorporation of the Artificial Intelligence and IoT
- The incorporation of the AI and IoT supports in bringing advancement to the Nano devices and the nanomaterials. For an example nanotechnology based smart sensors helps in monitoring the environmental condition and detects the pollutants. On the other hand, nanotechnology based wearable devices traces the health parameters and further helps in providing the personalized health therapies. So, leveraging the AI and IoT can helps in the expansion of the potentials of the nanotechnology.
Global Nanotechnology Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Nanotechnology market analysis, the market is witnessing significant growth driven by factors such as the rise in the adoption of the nanotechnology adoption in the medical diagnostics and great demand of titanium nanoparticles. In the past, Nanoparticles were highly used in the vaccine preparation against Covid-19 and nanosystems are widely used in the cancer diagnosis. On the titanium nanoparticles are highly adopted by various sectors, due to its unique potentials like corrosion resistance, hampers bacterial growth, etc.
The restraints of the market are the high-cost nanotechnology and Nano devices installation in the harsh weather conditions. The production of the Nanomaterial’s and Nano systems incur high cost, so this can restrict the market growth. While in the harsh weather conditions, the performance of the Nano devices get negatively influenced, so this can restrict the adoption of the Nano systems, thus hampers the market growth.
Based on industry, the healthcare industry dominates the market, due to the high adoption of Nanotechnology for diagnostics and imaging purposes. On the other hand, the aerospace & Défense is considered as the fastest growing due to the great demand for the light and durable aircrafts, that can be achieved by adopting nanomaterials.
The geographical insights reveal that North America is dominating region, driven by the early adoption of advanced technologies whereas Asia-Pacific is fastest growing, due to the growth in the government investments in the energy and power sector. Moreover, the trends in the market are the rise in the adoption of the Nano devices in aerospace and Défense sector and incorporation of AI and IoT. Aerospace and Defense industry seeks light and durable aircrafts, there they adopt Nano devices. On the other hand, the integration of AI and IoT helps in bringing the advancement to the nanotechnology and results in the development of the smart Nano tech devices.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.27 Billion |
| Market size value in 2031 | USD 53.51 Billion |
| Growth Rate | 36.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| 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:-
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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 Global 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 Global 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 Global 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 Global 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 Global Nanotechnology Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global 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.
Global Nanotechnology Market Report Snapshots
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