Nanotechnology & MEMS Industry Market Research

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Nanotechnology OVERVIEW

       Nanotechnology is a relatively new materials science that is slowly beginning to revolutionize many sectors of manufacturing.
     The long term outlook is exceptionally promising.
     Only a small number of consumers or business executives realize the extent to which nanotech is going to change the materials they use every day.
     As of 2016, so much progress has been made in nanotech research and development that commercialization is accelerating broadly.
     One factor boosting the adoption of nanotechnology is an increase in the manufacture and availability of carbon nanotubes, a basic nanomaterial that can be used in a wide variety of manufactured goods.
     These nanotubes have been shown to have highly valuable qualities, including incredible strength, extremely light weight and high conductivity of electricity.
     As nanotube supplies increase and costs drop, use will increase significantly.
     (Prices have fallen from about $200 per gram in 1999 to less than $50 by 2016.
     However, this is still too high for broad adoption.) Investment in nanotechnology research and the market for nanotech products have expanded steadily.
     The U.S.
    government alone proposed $1.443 billion in nanotech research grants and projects for fiscal 2017.
     This was up significantly from only $0.464 billion in 2001.
     This budget aids the industry primarily through grants made via the Department of Health and Human Services, the National Science Foundation, the Department of Energy and the Department of Defense.
     However, many


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