MOUNTAIN VIEW, Calif., Feb. 26, 2015 /PRNewswire/ -- Technological advancements have revolutionized the manufacturing sector, giving birth to effective, inexpensive and compact yet powerful solutions. This evolution has encouraged researchers to build small-scale, potent devices, lending momentum to the development of nanomanufacturing.
New analysis from Frost & Sullivan, Innovations in Nanomanufacturing, finds that nanomanufacturing will gain traction in the next three to five years and is likely to approach commercialization between 2018 and 2020. Nanomanufacturing will find vast uses in consumer electronics, healthcare, automotive lighting, building automation, smart fabrics, display technology and positioning systems.
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Current nanomanufacturing techniques do not support mass-scale production, as the fabrication of a large number of nano-devices repeatedly and under precisely controlled conditions remains a challenge. Nanomanufacturing is also very complex, involving several processes and a high level of supervision.
"Bottom-up approaches such as chemical vapor deposition, atomic layer deposition and self-assembly, which ensure high accuracy and minimal material wastage, will accelerate the adoption of nanomanufacturing," said Technical Insights Research Analyst Jabez Mendelson. "Progress in sensor and material coating technologies will also boost nanomanufacturing."
To that end, numerous universities and research institutes are conducting research and actively filing patents. Most R&D activities have emerged from Asia-Pacific, considered the hub for electronic manufacturing.
However, high initial investment and R&D costs inhibit the large-scale deployment of nanomanufacturing. Hence, active funding from governments as well as private investors will boost commercialization of nanomanufacturing.
"Collaboration between various stakeholders in the value chain will propel nanomanufacturing technologies to the next stage of growth," said Technical Insights Senior Research Analyst Sumit Kumar Pal. "The field offers immense scope for technology licensing and partnerships, an avenue that stakeholders must explore to capitalize on this vast opportunity."
Innovations in Nanomanufacturing, a part of the Technical Insights subscription, covers key technological advances in nanomanufacturing evaluated following extensive interviews with market participants. The report captures stakeholder initiatives, key technological trends, innovation hotspots, business implications of innovations with regard to different application segments, and factors influencing development landscape.
Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services.
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SOURCE Frost & Sullivan