Home > News > Debunking the trillion dollar nanotechnology market size hype
April 17th, 2007
Debunking the trillion dollar nanotechnology market size hype
Abstract:
There seems to be an arms race going on among nanotechnology investment and consulting firms as to who can come up with the highest figure for the size of the "nanotechnology market". The current record stands at $2.95 trillion by 2015. The granddaddy of the trillion-dollar forecasts of course is the National Science Foundation's (NSF) "$1 trillion by 2015", which inevitably gets quoted in many articles, business plans and funding applications. The "nanotechnology market" as a unified market was first quantified by the NSF in its massive 280-pages report from March 2001 (Societal Implications of Nanoscience and Nanotechnology, pdf download 3.1 MB). The problem with these forecasts is that they are based on a highly inflationary data collection and compilation methodology. The result is that the headline figures - $1 trillion!, $2 trillion!, $3 trillion! - are more reminiscent of supermarket tabloids than serious market research. Some would call it pure hype. This type of market size forecast leads to misguided expectations because few people read the entire report and in the end only the misleading trillion-dollar headline figure gets quoted out of context, even by people who should now better, and finally achieves a life by itself.
Source:
nanowerk.com
Bookmark:
| Related News Press |
Possible Futures
Gold nanostars and immunotherapy vaccinate mice against cancer: New treatment cures, vaccinates mouse in small proof-of-concept study August 18th, 2017
Researchers printed graphene-like materials with inkjet August 17th, 2017
Candy cane supercapacitor could enable fast charging of mobile phones August 17th, 2017
Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers
Gold nanostars and immunotherapy vaccinate mice against cancer: New treatment cures, vaccinates mouse in small proof-of-concept study August 18th, 2017
Researchers printed graphene-like materials with inkjet August 17th, 2017
Candy cane supercapacitor could enable fast charging of mobile phones August 17th, 2017
Human Interest/Art
Weizmann Institute of Science Presents: Weizmann Wonder Wander - 4G - is Online June 21st, 2016
Call for NanoArt and Art-Science-Technology Papers June 9th, 2016
 |
||
 |
||
| The latest news from around the world, FREE | ||
 |
||
|
|
||
| Premium Products | ||
 |
||
|
Only the news you want to read!
Learn More |
||
 |
||
|
University Technology Transfer & Patents
Learn More |
||
 |
||
|
Full-service, expert consulting
Learn More |
||
|
|
||