How Nanotechnology Could Change the World

  What is Nanotechnology and What Can It Do?

Nanotechnology is the term given to those areas of science and engineering where phenomena that take place at dimensions in the nanometre are utilized in the design, characterization, production and application of materials, structures, devices and systems. 

Nanotechnology is a field of research and innovation concerned with building things - generally, materials and devices - on the scale of atoms and molecules. A nanometre is one-billionth of a metre: ten times the diameter of a hydrogen atom. The diameter of a human hair is, on average, 80,000 nanometres.  

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The major drivers which help in surging the growth of nanotechnology market are the increase in demand for consumer and industrial electronic products across the globe and substantial demand for nanotechnology in energy sector. Whereas high price of product act as a restraining factor for this market. Nanotechnology have potential future in healthcare industry which will add new opportunities for this market in the coming years.

Nanotechnology is hailed as having the potential to increase the efficiency of energy consumption, help clean the environment, and solve major health problems. It is said to be able to massively increase manufacturing production at significantly reduced costs. Products of nanotechnology will be smaller, cheaper, lighter yet more functional and require less energy and fewer raw materials to manufacture, claim nanotech advocates.

The Key Players Influencing the Market Are ONEX Global Nanotechnologies S.A, Nanosys, Altair Nanotechnologies, NanoScale Corporation, Unidym, Acusphere, Particular GmbH, Isotron Corporation, Nanometrics, and Luna Innovations Incorporated among others.

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The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

 

Reference: The Insight Partners

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