Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button


DHgate

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:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Possible Futures

Host-guest nanowires for efficient water splitting and solar energy storage February 7th, 2016

Graphene is strong, but is it tough? Berkeley Lab scientists find that polycrystalline graphene is not very resistant to fracture February 7th, 2016

Scientists take key step toward custom-made nanoscale chemical factories: Berkeley Lab researchers part of team that creates new function in tiny protein shell structures February 6th, 2016

Discovery of the specific properties of graphite-based carbon materials February 6th, 2016

Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers

Host-guest nanowires for efficient water splitting and solar energy storage February 7th, 2016

UTHealth research looks at nanotechnology to help prevent preterm birth February 7th, 2016

Graphene is strong, but is it tough? Berkeley Lab scientists find that polycrystalline graphene is not very resistant to fracture February 7th, 2016

Lithium battery catalyst found to harm key soil microorganism February 7th, 2016

Human Interest/Art

Rice to enter first international nanocar race: Five teams will participate in October 2016 event in France December 15th, 2015

Bionic liver micro-organs explain off-target toxicity of acetaminophen (Tylenol): Israeli-German partnership aims to replace animal experiments with advanced liver-on-chip devices August 17th, 2015

Omni Nano and Time Warner Cable Partner to Provide Nanotechnology Education to the Boys & Girls Clubs of Los Angeles: A $10,000 Donation to Benefit Youth of Los Angeles County's Boys & Girls Clubs August 4th, 2015

Kalam: versatility personified August 1st, 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







Car Brands
Buy website traffic