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Posted: November 12, 2007
Global Nanorobotics Market Worth $830 Million By 2011
(Nanowerk News) According to a new technical market research report, Nanorobotics and NEMS, the global market for nanorobots and nanoelectromechanical systems (NEMS), and related materials and equipment, increased from $29.5 million in 2004 to $34.2 million in 2005, with sales reaching an estimated $40.3 million by the end of 2006. By 2011, the market will reach $830.4 million, a compound annual growth rate (CAGR) of 83.1%.
Equipment and tools hold the majority of the market share through 2006, closing out the 2006 year with just over 57% of the total global market. This market share will drop radically through the forecast period as nanorobotic devices come to the forefront. By 2011 nano equipment and devices will hold a mere 9.2% of the global market. Nanorobotic devices have by far the greatest potential for growth the forecast period. By the end of 2006, devices were worth just over $1 million dollars in the global market. By 2011 their value will skyrocket to $560.9 million, a CAGR over 250% and 67.5% share of the total market.
Revenue growth was driven primarily by the utilization of nanodevices, and their fabrication materials and equipment, in the development and production of memory products for the electronics industry. The electronics segment is projected to account for 56.6% of total revenues in 2006. Other key sectors for the application of these nanodevices are sensors and instrumentation, medicine, and life sciences.
Nanorobots and NEMS are ultra-small devices capable of motion (such as translation, rotation, oscillation, forward and backward motion, sensing, or measurement) measurable in nanometers or angstroms. They find application in electronics (configured as memory devices, logic devices, or switches), sensors and instrumentation (e.g., as mass or motion sensors), medicine and life sciences (e.g., drug delivery systems, or intravenous therapy systems), or in molecular manufacturing.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' web site.