Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Nanotechnology Poised to Revolutionize Tech

Abstract:
Sales of products incorporating nanotechnology will total $2.6 trillion in 10 years

New Study: Nanotechnology Poised to Revolutionize Tech, Manufacturing Markets

Market will rival sales volume of combined tech and telecom markets

NanoBusiness Alliance

New York, NY – October 29, 2004

Sales of products incorporating nanotechnology will total $2.6 trillion in 10 years, approximately one-sixth of gross manufacturing output in 2014, greatly exceeding previous estimates, according to a new report released by a leading industry analyst. Nano-enhanced products will account for 50 percent of all electronics and information technology products and 16 percent of all healthcare products by 2014, according to the report.

Issued by Lux Research Inc. of New York City and entitled “Sizing Nanotechnology’s Value Chain,” the report predicts nano-enhanced product sales will grow from today’s 0.1 percent of global manufacturing output to 15 percent in 2014. This amount equals the combined size of today’s information technology and telecom industries, and it exceeds biotechnology revenues ten-fold. Within a decade, 11 percent of total manufacturing jobs worldwide will involve nano-enhanced products. The National Science Foundation had previously predicted that nanotechnology would contribute $1 trillion to the global economy by 2015.

“This report documents nanotechnology’s impressive growth and its continuing integration into the marketplace, bringing its benefits to more and more consumers and businesses,” said Sean Murdock, executive director of NanoBusiness Alliance. “As nanotechnology continues to drive innovation, it will reshape today’s products in exciting ways and help solve some of the world’s greatest problems.“

The report promises improvements across a wide range of industry categories including healthcare, water purification, materials, and information technology. Nanotechnology’s initial deployments in products ranging from automobiles to pharmaceuticals highlight its potential to improve consumer goods regardless of sector.

In another significant development, the United States Patent and Trademark Office on October 18 announced a new registration category for nanotechnology inventions.

About NanoBusiness Alliance:

The NanoBusiness Alliance's is the fasting growing industry group in the technology field. Our mission is to create a collective voice for the emerging small tech industry and develop a range of initiatives to support and strengthen the nanotechnology business community. These initiatives include: Research and Education; Public Policy; Public Relations; International Cooperation Activities, Trade Missions, and Events; Industry Support and Development Initiatives; Regional Hub Initiative; and others.

Contact:

Aaron Latham
(202) 715-1538
aaron.latham@dittus.com

Copyright © NanoBusiness Alliance

If you have a comment, please us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Possible Futures

Nanofiltration Membrane Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Nanozirconia Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Self-Healing Nano Anti-rust Coatings Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Nano Spray Instrument Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Announcements

Self-assembling, biomimetic membranes may aid water filtration August 1st, 2015

Transparent, electrically conductive network of encapsulated silver nanowires: A novel electrode for optoelectronics August 1st, 2015

Harris & Harris Group Portfolio Company, HZO, Announces Partnerships with Dell and Motorola August 1st, 2015

Advances and Applications in Biosensing, Sensor Power, and Sensor R&D to be Covered at Sensors Global Summit August 1st, 2015

Patents/IP/Tech Transfer/Licensing

Quantum networks: Back and forth are not equal distances! July 28th, 2015

Reshaping the solar spectrum to turn light to electricity: UC Riverside researchers find a way to use the infrared region of the sun's spectrum to make solar cells more efficient July 27th, 2015

Smarter window materials can control light and energy July 22nd, 2015

Magnetic nanoparticles could be key to effective immunotherapy: New method moves promising strategy closer to clinical use July 15th, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project