Nanotech market to reach $3.1 trillion by 2015

By / August 18, 2008

A new report from Lux Research claims that nanotechnology, while perhaps overhyped in the past, has now become pervasive in a broad range of sectors. “Nanomaterials State of the Market Q3 2008: Stealth Success, Broad Impact,” predicts that $147 billion worth of nano-enabled products produced in 2007 will grow to $3.1 trillion by 2015.To estimate nanotech’s commercial impact, Lux looked at the technology’s effect in three major industry sectors – manufacturing and materials, electronics and IT, and healthcare. The firm bases its predictions on more than 1,000 interviews conducted with technology developers and a new survey of 31 leading corporations in the nanotechnology field.

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