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Nanosensors Market to Reach $1.32 Bn, Globally, by 2026 at 11.0% CAGR, Says Allied Market Research

Rise in government support and funding, advent of self-powered nanotech device, and surge in adoption of nanosensors in medical diagnosis are expected to propel the growth of the global nanosensors market

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Nov 21, 2019, 09:10 ET

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PORTLAND, Oregon, Nov. 21, 2019 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Nanosensors Market by Type (Optical, Chemical, Physical, Biosensor, and Others) and Application (Electronics, Energy, Chemical Manufacturing, Aerospace & Defense, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2018–2026". According to the report, the global nanosensors industry was pegged at $536.6 million in 2018 and is projected to reach $1.32 billion by 2026, registering a CAGR of 11.0% from 2019 to 2026.

Prime determinants for growing market

Rise in adoption of nanosensors in medical diagnosis and emerging technological advancements in nanotech devices have boosted the growth of the global nanosensors market. However, the issues regarding deployment of nanosensors in extreme weather conditions and high cost of the technology hamper the market. On the contrary, rise in government support and funding and emergence of self-powered nanotech devices are expected to create lucrative opportunities in the near future.

To Explore More, Make Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/197 

Biosensor segment to dominate the market

The biosensor segment held the largest share in 2018, accounting more than one-fourth of the global nanosensors market, owing to rise in adoption of automation in the healthcare industry, which deploys biosensors for medical diagnosis and medical imaging. However, the optical nanosensor segment is projected to register the fastest CAGR of 12.9% during the forecast period, owing to precision and wide area of application of an optical nanosensor, especially in electronics devices and systems.

Aerospace & defense segment to portray fastest growth by 2026

The aerospace & defense segment is expected to manifest the fastest CAGR of 17.2% during the study period, owing to rapid use of nanosensors in the aerospace and defense vertical to increase efficiency in various automated systems such as aircraft design. However, the electronics segment dominated the global nanosensors market in 2018, contributing around one-third of the market.

North America holds lion's share

The global nanosensors market across North America held the largest share in 2018, contributing nearly one-third of the market, owing to rise in adoption of nanosensor technologies and surge in number of research labs and centers coupled with increased financial funding by government. However, the market across Asia-Pacific region is anticipated to register the fastest CAGR of 13.1% during the forecast period, owing to rapid technological advancements related to automotive and healthcare vertical due to government initiatives such as investment in R&D.

Download Sample Report @ https://www.alliedmarketresearch.com/request-sample/197 

Major market players

  • Agilent Technologies, Inc.
  • Applied Nanotech
  • Analog Devices, Inc.
  • Honeywell International Inc.
  • Bruker Corporation
  • Kleindiek Nanotechnik GmbH
  • Biosensors International Group, Ltd.
  • Lockheed Martin Corp.
  • Omron Corp.
  • Texas Instruments

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Explore Similar Studies:

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Smart Sensors Market Anticipated to Grow $61 Billion by 2022 

Photonic Sensors Market Expected to Garner $18 Billion by 2021

Proximity and Displacement Sensors Market Expected to Reach $5.32 Billion by 2020

Window Sensors Market Expected to Reach $15,392.3 Million by 2025

MEMS Sensor Market Expected to Reach $60.6 Million by 2026

Pre-book Offer Flat 10% Discount:

3D Sensor Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

Acoustic Sensor Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]

Web: https://www.alliedmarketresearch.com
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SOURCE Allied Market Research

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