The market dominance of North America is attributed to the high demand for nanoelectronics material and equipment from the pharmaceuticals and healthcare industries.Īsia Pacific is expected to show highest growth, during the forecast period. North America was followed by Europe in 2016 in terms of market size. North America accounted for the largest market share of nanoelectronics material and equipment thereby increasing the market growth.
Geographically, the nanoelectronics market is segmented into four different regions namely North America, Asia Pacific, Europe, and the rest of the world. The computer segment is bound to provide some traction as the demand for faster processing needs support from the technology. In the manufacturing of several electronic goods, graphene is getting remarkable traction.īy applications, the report on the nanoelectronics market revealed discussions on data storage and processing, coating and films, electronic packaging, displays, and computers. These segments are known to reveal notable data that can be used to form better strategies in the coming years.īy type, the report on the nanoelectronics market has been segmented into graphene, nanofibers, carbon nanotubes, nanowires, nanobuds, nanosilver, and others. The global Nanoelectronics Market has been studied and analyzed on the basis of segments that include type, application and end users. Furthermore, it is not easy to use this technology for various components as in some components scaling could be different. This his technology is still in its introductory phase therefore there is less awareness among electronics product manufactures that hinders the Nano electronics market growth. Another factor driving this Nano electronics market is the development of Spintronics with Nano Electronics that will help in the development of spin based computing in coming year. The development of this technology and the emergence of spin based computing is helping this market to grow significantly. The major factor driving Nano electronics market is the molecular electronics.
Nano Electronics Market: Drivers and Challenges For the UK, the Institute of Occupational Medicine has estimated that approximately 2,000 people are employed in new nanotechnology companies and universities where they may be potentially exposed to nanoparticles. National Nanotechnology Initiative has estimated that around 20,000 researchers are working in the field of nanotechnology.
Emerging use cases and application is expected to be one of the key factors contributing towards the growth of nanotechnology market size. Nanotechnology market encompasses the production and application of physical, chemical, and biological systems and devices at scales ranging from individual atoms or molecules to around 100 nanometers. Nanotechnology carries a significant impact, and serves as a revolutionary and beneficial technology across various industrial domains, including communication, medicine, transportation, agriculture, energy, materials & manufacturing, consumer products, and households. Nanoscience and nanotechnology involve the study of nanoparticles and devices, which find their application across all the science fields such as chemical, bio-medical, mechanics, and material science among others.
Its application in building faster computers and back the advanced technologies involved in the healthcare sector are expected to set the market for better progress. The global Nanoelectronics market is expected to grow at a CAGR of 12.2% in the forecast period of 2017 to 2023. Market Research Future (MRFR) claims that factors like the rising investment to support research projects, increasing participation from laboratories, the inclusion of it in consumer electronics, and others are expected to transform the outcome of the global market.