Nanotechnology Market to Register Substantial Expansion By 2030
Allied Market Research, titled, “ Nanotechnology Market By Type, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global nanotechnology market size was valued at $1.76 billion in 2020, and is projected to reach $33.63 billion by 2030, registering a CAGR of 36.4% from 2021 to 2030. The nanotechnology market analysis is currently in its growth stage and is expected to register substantial growth shortly, owing to the high investment in R&D activities by market players and an increase in focus toward the Internet of Things (IoT). Other factors that drive the market growth include increase in demand for automobiles & electronics and the development of smart devices. According to nanotechnology market trends, emerging technologies, such as artificial intelligence (AI) and quantum computing, require nanotechnology to achieve full commercialization. The UK has a rich heritage of microprocessor design, with companies such as...