nanotech

Nanotech market expected to reach $700 billion by 2007

Filed in archive Business on April 25, 2006

Nanotech market expected to reach $700 billion by 2007
The world's largest market research firm is predicting that the nanotechnology market will grow from $225 billion in 2005 to $700 billion by next year.

That's the remarkable conclusion of Research and Markets' hot-off-the-press report, "Nanotechnology - The Coming Revolution".

"Until only a few decades ago," notes the report, "nanotechnology was an unknown entity in the public space. But now it is widely known to be the next revolutionizing frontier of science."

"It is widely understood to be the propeller of the new century of evolutions," the report concludes.

The report covers nanotech applications in biomedical processes, space science, computing and robotics, drug delivery processes, and chip technology.

And in case you're wondering how a technology market can more than triple in size in just two years, it's because of the billions of dollars that are pouring into nanotech development, primarily through the federal government.

Permalink: Nanotech market expected to reach $700 billion by 2007

Tags: nanotechnology  nanotech 

Vote for Nanotech market expected to reach $700 billion by 2007:

  • Currently 8.50/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 8.50 out of 4 vote(s) cast.
 
Share It
RSSrss
Google google
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
TwitterFollow us on Twitter!
Most Popular   Best of   Biotech   Business   Computing & Infotech   Design   Did you know   Energy   Environment & Health   Events   Government   Information About   Institutions   Investing   Links   Materials   Medical   Military   News   Products   Quick introduction