Home > Press > Rush to Market in Nanosensors, But Most Aren't 'Nano'
True nano-enabled sensors are rare; while size-dependent properties create dramatically improved devices, “good enough” existing alternatives limit opportunity
Rush to Market in Nanosensors, But Most Aren't 'Nano'
San Francisco, CA | May 26, 2005
Nanosensors have been pushed forward as a key early nanotechnology application, with boosters projecting billions of dollars in market opportunity. Sensors happen to be among the simplest electronic devices one can make from nanomaterials, yielding an abundance of development activity. But of 66 companies claiming to offer nanosensors, only 13 actually harness the size-dependent properties of nanomaterials, according to a new report from Lux Research entitled “Putting the ‘Nano’ in Nanosensors.”
Lux Research defines nanosensors as devices that employ nanomaterials, exploiting novel size-dependent properties, to detect gases, chemicals, biological agents, electric fields, light, heat, or other targets. Plenty of investment has gone into nanosensor companies; in March, for example, Nanomix received $16 million in Series C funding, primarily to move a disposable respiratory sensor to market. Homeland security spending has served as a potent catalyst: the $41 billion U.S. homeland security budget – and the creation of centers like MIT’s Institute for Soldier Nanotechnologies, a $50 million research collaboration with the U.S. Army – has convinced entrepreneurs that a large addressable market lies on the other side of a working nanosensor.
“Nanosensors deliver sensitivity orders of magnitude better than conventional devices,” said Lux Research Senior Analyst David Lackner. “But today’s nanosensors aren’t ready for prime time. Until sample handling and selectivity issues are resolved, nanosensors can be deployed only under highly controlled conditions. Plus, costs are high and unlikely to fall in the near term. The mass markets that could deliver enough volume to bring prices down won’t adopt until sensors are cheaper, and the sensors won’t be cheaper until they’re produced in greater volume. Thus nanosensor players are aiming at military projects, where price is less of an issue, to break the cycle.”
For the report, Lux Research constructed an assessment tool categorizing 66 companies identified as offering nanosensors. The report is available immediately to clients of Lux Research’s Nanotechnology Strategies advisory service.
For information on how to become a client, contact Steve Mills at (646) 723-0163.
About Lux Research:
Lux Research is the world's leading nanotechnology research and advisory firm. We help our clients make better decisions to profit from nanoscale science and technology, tapping into our analysts' unique expertise and unrivaled network. Our clients include top decision makers at large corporations, portfolio managers and analysts at leading financial institutions, CEOs of the most innovative start-ups, and visionary public policy makers.
To get connected and for more information, visit www.luxresearchinc.com
For early registration and event details for the Lux Executive Summit, please visit www.luxexecutivesummit.com
Copyright © Lux Research
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Electrical control of single atom magnets December 9th, 2013
Laser light at useful wavelengths from semiconductor nanowires: Nanowire lasers could work with silicon chips, optical fibers, even living cells December 5th, 2013
Applied Nanotech Receives Contract From the Northeast Gas Association to Develop Methane Sensor December 4th, 2013
The promise of nanotechnology December 4th, 2013
ASTM International Nanotechnology Committee Approves Airborne Nanoparticle Measurement Standard December 10th, 2013
Bruker Launches ContourSP 3D Optical Microscope for PCB Industry: Large-Format Metrology System Debuts to Over $5 Million in Orders December 10th, 2013
Nontoxic Quantum Dot Research Improves Solar Cells: Record power-conversion efficiency at Los Alamos from quantum-dot sensitized photovoltaics December 10th, 2013
New Method Presented for Production of Alpha SiAlON Single Phase Nanopowder December 10th, 2013
Dartmouth researchers develop molecular switch that changes liquid crystal colors: Nanotechnology tool may help in in detecting harmful gases, pathogens, explosives August 26th, 2013
Flawed Diamonds Promise Sensory Perfection: Berkeley Lab researchers and their colleagues extend electron spin in diamond for incredibly tiny magnetic detectors May 10th, 2013
Secret of the Crystal's Corners: New Nanowire Structure Has Potential to Increase Semiconductor Applications: University of Cincinnati research describes discovery of a new structure that is a fundamental game changer in the physics of semiconductor nanowires April 23rd, 2013
Notre Dame study explores the potential benefits and threats of nanotechnology research January 25th, 2013
Coal yields plenty of graphene quantum dots: Rice U. scientists find simple method for producing dots in bulk from coal, coke December 6th, 2013
The promise of nanotechnology December 4th, 2013
Stanford engineers show how to optimize carbon nanotube arrays for use in hot spots December 2nd, 2013
When aluminum outshines gold: Two Rice University studies detail aluminum’s valuable plasmonic properties December 2nd, 2013