In a recently published report, Nanotechnology Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Nanotechnology Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Nanotechnology Market is valued approximately USD 1165.90 million in 2019 and is anticipated to grow with a healthy growth rate of more than 10.50% over the forecast period 2020-2027. Nanoscience and nanotechnology are the study of devices and nanoparticles which find their application across all science fields such as bio-medical, chemical, mechanics and materials sciences. Also, nanotechnology carries a significant impact and served as a revolutionary and beneficial technology across various industrial domains including medicine, energy, transportation, material & manufacturing and consumer products. As it allows to the technological goal of precisely manipulating molecules and atoms for fabrication of macroscale products, also now referred to as molecular nanotechnology. Also, the key players are focusing on strategies such as product launch, innovation and merger & acquisition to sustain themselves amidst fierce competition.
The growth of the market is attributed owing to the rise in nanotechnology adoption in medical diagnosis & imaging and technological advances in nanotechnology devices. In addition, rising government support and R&D funding and the advent of self-powered nanotechnology devices would drive the growth of the market. In addition, semiconductor manufacturing companies have been at the forefront of adopting advanced technologies to fabricate highly integrated circuits. Further, the constant need for miniaturization and the demand for improving performance and design of variety of semiconductor and electronics devices are some major factors that broaden up the growth prospects for the market. As per the published by the National Science and Technology Council, the proposed budget of the National Nanotechnology Initiative for Fiscal year 2017 will continue to advance US understanding of nanoscale phenomena and Nation’s ability to engineer nanoscale systems and devices that address national priorities.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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The proposed National Nanotechnology Initiative (NNI) investments in nanotechnology infrastructure and research facilities in 2017 is USD $235 million, a 7 percent increase from 2015 levels. Nanotechnology activities again account for approximately 10 percent of the NNI budget request. Similarly, as per the ChinaDaily since 2012, the Ministry of Education has incorporated around USD $75 million to universities for nano-research. Thus, high investments in nanotechnology has successfully fostered the transition of nanotechnology discoveries from lab to market. However, problems regarding the deployment of nanotech devices in extreme weather conditions and high cost of the technology is hampering the growth of the market during the forecast period of 2020-2027.
The regional analysis of global Nanotechnology market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region due to revolutionary in modern medicine is owing to the expanding fields such as nanotechnology and regenerative medicine. Also, the dominance of the region is witnessed as governments of various countries across Europe are entering into partnership with companies to develop nanotechnology. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Advanced Nano Products
Biosensors International Inc
Kleindiek Nanotechnik GmbH
Nanonics Imaging Ltd
Thermofisher Scientific Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
Aerospace & Defense
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Nanotechnology Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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