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|Source: BCC Research|
According to a new technical market research report, NANOTECHNOLOGY: A REALISTIC MARKET ASSESSMENT (NAN031D) from BCC Research (www.bccresearch.com), the global market value for nanotechnology is an estimated $15.7 billion in 2010, but is expected to increase to nearly $27 billion in 2015, for a 5-year compound annual growth rate (CAGR) of 11.1%.
The largest segment of the market, made up of nanomaterials, is expected to increase at a 5-year CAGR of 14.7%, from nearly $10 billion in 2010 to nearly $19.6 billion in 2015.
The second-largest segment, nanotools, is expected to reach a value of more than $6.8 billion in 2015. The market in 2010 is estimated at $5.8 million. Thus, the 5-year CAGR is projected to be 3.3%.
The smallest segment of the market, nanodevices, will have the highest 5-year CAGR, at 45.9%. It is projected to increase from an estimated $35.4 million in 2010 to nearly $234 million in 2015.
Nanotechnology, the creation and utilization of materials, devices and systems through the manipulation of matter at scales of less than 100 nanometers, is an enabling technology, which is important chiefly due to its impact on established industries and markets. Nanotechnology is not an "industry" or a "market," per se, in the same sense that biotechnology is, for example.
This report covers nanomaterials (nanoparticles, nanotubes, nanostructured materials, and nanocomposites), nanotools (nanolithography tools and scanning probe microscopes), and nanodevices (nanosensors and nanoelectronics).
The goal of the report is to provide investors and others with information on the commercial potential of various nanotechnologies and to complement the growing body of technical information. Specific objectives include identifying segments of the nanotechnology market with the greatest commercial potential in the near to mid-term (through 2015), projecting future demand in these segments, and evaluating the challenges that must be overcome for each segment to realize its potential in order to estimate the probability of successful commercialization.
The report is especially intended for entrepreneurs, investors, venture capitalists, and other readers with a need to know where the nanotechnology market is headed. Other readers who should find the report particularly valuable include nanotechnology marketing executives and government officials associated with the National Nanotechnology Initiative and other state-level programs that promote the development of the nanotechnology industry. The report's findings and conclusions should also be of interest to the broader nanotechnology community.
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