Global Nanosensor Market to Reach $17.2 Billion by 2012, Says New Report

Dec 07, 2004, 00:00 ET from NanoMarkets

    STERLING, Va., Dec. 7 /PRNewswire/ -- According to NANOSENSORS:  A MARKET
 OPPORTUNITY ANALYSIS, a new report from NanoMarkets, LC, an industry analyst
 firm based here, sensors designed and built using nanotechnology will generate
 global revenues of $2.7 billion in 2008 and reach $17.2 billion in 2012.
     Nanosensor arrays are already under development by giant firms such as Dow
 Corning, Samsung, Boeing, Lockheed Martin, IBM, Motorola, and Agilent as well
 as by start-ups such as Nanomix and Ambri. NanoMarkets foresees important
 applications for nanosensors in a wide range of applications including
 medicine and healthcare, military and homeland defense, industrial control and
 robotics, networking and communications, and environmental monitoring.
     NanoMarkets believes that the market opportunities for nanosensors will
 stem, in large part, from unique features that surpass competing technologies.
 In areas such as biomedicine and homeland security, for example, nanosensors'
 ability to detect at the molecular or even atomic level is critical.
 Nanosensors will better detect the onset of diseases such as cancer or heart
 disease, and NanoMarkets expects the market for biomedical nanosensors to
 reach approximately $800 million in 2008 and $1.2 billion in 2012.
 Nanosensors for military and homeland defense applications, where they will be
 used to detect the presence of biotoxins (such as anthrax and smallpox) or of
 radioactive materials, are projected to reach $827 million in 2008 and grow to
 $3.9 billion in 2012.
     The new NanoMarkets report also predicts that nanotechnology will lead to
 a radical reduction in the cost of individual sensors, which enable sensors to
 be used more widely in transportation.  The result is greater sensor
 redundancy and better environmental, ergonomic and fuel-use control in both
 cars and planes.  This will ultimately result in lowered costs and more
 comfort and safety for end users -- all of which are key competitive issues
 for both airlines and automobile companies.  NanoMarkets expects that the
 aerospace segment of the nanosensors market will reach $214 million in 2008
 and $2.1 billion in 2012 and that the automotive segment will grow from $133
 million to $1.5 billion over the same period.
     The new NanoMarkets report covers two kinds of nanosensors:  conventional
 sensors that use nanomaterials as the sensing material and nanosensors that
 utilize nanoelectronics to reduce size and cost and provide a higher level of
 functional integration.  Among the technology/materials platforms studied were
 carbon nanotubes, nanowires, molectronics, spintronics, and "plastic
 electronics."  Types of sensors reviewed include gas/liquid, biomolecular,
 "physical" (motion, pressure, etc.), optical, electrical/magnetic and
 radiation.  The report includes an eight-year forecast of the market broken
 out by application sector, with each of the sector forecasts further broken
 out by type of sensor and material/technology platform.  Also included are
 profiles of 25 firms actively pursuing the development of nanosensors.
     For Additional Information:
     For additional information about this report, please contact Robert Nolan
 at or (571) 434-7520 or visit
 to learn more.
     About NanoMarkets:
     NanoMarkets analyzes the impact of nanotechnology on both established and
 emerging markets with a focus on the realms of communications, IT,
 semiconductors, bio-medical and energy.  The firm provides market research
 reports, customized industry analyses and general market commentary for
 companies looking to capitalize on nanotechnology-based opportunities.

SOURCE NanoMarkets