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December 27th, 2004
Nanosensors full of surprises
Abstract:
The global market for nanosensors - sensors with components only billionths of a meter in size - is predicted to reach only a modest $185 million or so in 2005, but forecasters told United Press International's Nano World they expect it to skyrocket to $2.7 billion in 2008 and $17.2 billion in 2012.
What is really holding back the nanosensor market "is that there is no clear idea in the industry about how long the market will take to evolve," Lawrence Gasman explained. "This makes it very difficult for venture capitalists, investment banks, internal corporate-funding committees and private investors to commit to putting money into nanosensors."
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