Ideas That Generate Results
Rising R&D Funding for Nanotechnology
Oct 26, 2012
Global nanotechnology market has been registering marked increase in funds allocation by the countries across the world, especially with new product development that received huge momentum due to these funding. An increase in global public funding for R&D initiatives supports quick commercialization of nano-based products. Fundings from governments, corporations, and venture capital exhibited a CAGR growth of 1% during 2008-2012. In future, it is expected that nanotechnology funding will grow as the technology is finding applications in many areas that encourage various government agencies and corporate houses across the world to offer more funding for R&D.
According to "Nanotechnology Market Forecast to 2014", global nanotechnology market has been experiencing significant growth creating a plethora of new opportunities for improving the monitoring capabilities, minimizing contaminants in the environment, and many more. The US and Europe are likely to remain the major geographic markets for nanotechnology industry till 2014. However, the share of Asia-Pacific region in the nanotechnology market is expected to grow substantially. With increasing usage of nanotechnology in various applications, global nanotechnology market is anticipated to grow at a CAGR of around 19% during 2011-2014.
As per our findings, nanomaterials would continue to dominate the nanotechnology market in the coming years. However, nano-devices, comprising nanolithographic tools for manufacturing the next generation semi-conductors, are estimated to grow at a much faster rate than nanomaterials in near future.
Our report, "Nanotechnology Market Forecast to 2014", provides an extensive research and cogent analysis of the current status and expected position of the nanotechnology industry in various countries like US, UK, China, and India. It also facilitates the forecasts for the use of nanotechnology in various segments like electronics, cosmetics, and biomedicine, among others, during 2011-2014. The analysis of the global nanotechnology market with respect to major applications has also been included in the study that highlights the industry's recent trends and provides patent analysis.
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