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GIA announces the release of a comprehensive global outlook on the Nanotechnology Industry. Nanotechnology products present potential for cheaper, faster, and more environmental friendly applications and therefore continue to retain its importance in the global R&D and commercialization efforts. Backed by huge number of Government sponsored projects, demand for nanotechnology enabled products continues to remain encouraging, thus projecting a positive outlook for the overall market.
The diversity of nanotechnology is far outreaching than other technologies. Nanotechnology is an enabling technology that presents new ways of manufacturing products, overwhelming the available methods in any conceivable technology discipline. Although the recent worldwide economic recession caused significant deceleration in growth momentum, the world market for nanotechnology-enabled products has successfully ridden the worst-ever downturn without recording hurting erosions in market value. This positive trend for the nanotechnology market can be primarily attributed to the demand for these products in Defense and Pharma & Healthcare segments, which displayed greater resilience to the economic turmoil than most of the other end-use markets. Government support for nanotechnology has been the primary motivating factor for the industry in the last few years. Following the resurgence in growth fundamentals such as improvement of business scenario in key markets such as semiconductors, electronics, chemicals, automotives, among others, and increase in government and private sector funding on R&D, the global nanotechnology market is recovering poise and is projected to witness robust growth in demand in the next few years.
Nanotechnology is a well funded industry. Government funding and corporate research and development spending account for the majority of funds. Funds from venture capitalists is however low. The US government leads other governments in terms of nanotechnology spending, followed by the Japanese and German governments. Corporate funding is also the highest in the US. One of the prominent factors hampering rapid commercialization of nanotechnology is the time delay in establishing labs for the necessary R&D. Besides, after obtaining funds, a minimum of another year-and-a-half is consumed in establishing a full-fledged nanotech research laboratory.
Chemical industry currently dominates the Nanotech arena in terms of maturity of R&D efforts and actual product commercialization. Among the product segments, Nanomaterials are emerging as the most lucrative segment with a large number of related technologies already commercialized and earning revenues for the sector. Nanofilms are making rapid strides in the global market driven by their expanding application in a range of commercial sectors including high efficiency solar cells, light-emitting diodes, photonics, wireless communications, and semiconductor technology. While the US and Europe continue to remain the major geographic markets for nanotechnology industry until 2015, their market shares are expected to decline over the next few years. In contrast, the share of Asia Pacific in the nanotechnology market is expected to grow substantially, thanks to the steady investments in this field of science. Governments of Asia-Pacific region have embraced nanotechnology with much enthusiasm and been more favorable to its development compared to the other regions. Recent R&D initiatives by emerging economies such as China, Russia and India in the area of nanotechnology, will significantly contribute to the growth of nanotechnology enabled products in future.
The research report titled "Nanotechnology: A Global Outlook" announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global nanotechnology industry, identifies major short to medium term market challenges, and growth drivers. Market discussions in the report are punctuated with fact-rich market data tables. Regional markets elaborated upon include United States, Canada, Japan, France, Germany, UK, Russia, China, India, and Middle East among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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