Rising prevalence of various life-threatening diseases across the globe, rapid advancements in nanotechnology, and increasing demand for nanotechnology based services...
Rising prevalence of various life-threatening diseases across the globe, rapid advancements in nanotechnology, and increasing demand for nanotechnology based services and devices in food and beverage, agriculture and transportation are some key factors expected to drive global nanotechnology market growth.
According to Emergen Research, the global nanotechnology market size was USD 2.4 billion in 2021 and is expected to reach USD 33.7 billion in 2030 and register a robust CAGR of 34.0% during the forecast period, 2022-2030.
Market Dynamics:
Nanotechnology is a branch of science and engineering that deals with designing, producing, and using systems and devices by manipulating atoms and molecules at nanoscale. Over the recent years, there have been rapid advancements in nanotechnology which has opened new avenues and application of nanotechnology across various industrial sectors such as electronics, transportation, healthcare and medicine, manufacturing, communication, consumer goods, and agriculture. Nanotechnology is also used in the automotive sector for improving display screens, reducing power consumption, and increasing fuel consumption efficiency and overall automobile performance.
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Factors such as increasing focus on minimizing greenhouse emissions and environmental concerns, high usage of nanotechnology for drug discovery, and disease diagnosis, rapidly growing electronics and semiconductor sector, and increasing investments in R&D activities are expected to drive global market revenue growth during the forecast period. However, factors such as stringent regulatory guidelines, lengthy product approvals, requirement of high capital investments for deploying advanced systems and devices, and lack of well-trained professionals can hamper overall market to a certain extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Healthcare Segment to Account for largest Revenue Share:
The healthcare segment is expected to account for largest revenue share during the forecast period owing to factors. This can be attributed to rapid adoption of nanotechnology in drug discovery and development, improving healthcare infrastructure across the globe, and high usage of various nanosensors in diagnosis of life-threatening diseases such as cancer, cardiovascular diseases, and genetic disorders.
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Food Safety Segment To Register Rapid Revenue Growth:
The food safety segment is expected to register rapid revenue growth during the forecast period owing to rising concerns about food safety, rising number of catering firms, and increasing need for monitoring and detecting contaminants, and high usage of nanoparticles to encapsulate food ingredients and mask unpleasant flavor or taste.
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market during the forecast period owing to rapid adoption of advanced technologies, high prevalence of life-threatening diseases, presence of well-established healthcare and research facilities, and rapidly expanding IT, healthcare, and manufacturing industries across the region. In addition, rising investments in research and development activities, growing demand for nanomedicine for treating cancer and other infectious diseases, and increasing funds by public and private sectors are expected to drive North America market growth going ahead.
Major Companies in the Market Include:
- Fujitsu
- Altairnano
- Nano Magic, LLC.
- Imina Technologies SA
- Kleindiek Inc.
- eSpin Technologies
- Advanced Nano Products Co., Ltd
- Biosensors International Group, Ltd.
- Nanonics Imaging Ltd.
- Nanosys Inc.
Scope of Nanotechnology Research
| Report Details | Outcome |
| Market size in 2021 | USD 2.4 Billion |
| CAGR (2021–2030) | 34.0 % |
| Revenue forecast to 2030 | USD 33.7 Billion |
| Base year for estimation | 2021 |
| Historical data | 2019–2020 |
| Forecast period | 2022–2030 |
| Quantitative units | Revenue in USD Billion and CAGR in % from 2021 to 2030 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, application, end-use, and region |
| Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Country scope | U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, Rest of MEA |
| Key companies profiled | Fujitsu, Altairnano, Nano Magic, LLC., Imina Technologies SA, Kleindiek Inc., eSpin Technologies, Advanced Nano Products Co., Ltd (ANP), Biosensors International Group, Ltd., Nanonics Imaging Ltd. and Nanosys Inc. |
| Customization scope | 10 hours of free customization and expert consultation |
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For the purpose of this report, Emergen Research has segmented the global nanotechnology market on the basis of type, application, end-use, and region:
Type Outlook (Revenue, USD Billion; 2019–2030)
- Nanosensor
- Optical Nanosensor
- Chemical Nanosensor
- Physical Nanosensor
- Biosensors
- Others
- Nanodevice
- Nanomanipulator
- Nanomechanical Test Instruments
- Nanoscale Infrared Spectrometers
- Nanomaterials
- Others
Application Outlook (Revenue, USD Billion; 2019–2030)
- Information Technology (IT)
- Homeland Security
- Medicine
- Transportation
- Food Safety
- Environmental Science
- Others
End-use Outlook (Revenue, USD Billion; 2019–2030)
- Food & Agriculture
- Energy
- Manufacturing
- Aerospace & Defense
- Healthcare
- Personal Care & Cosmetics
- Others
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Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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About Emergen Research
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