— Latest update: March 2022 —
When it comes to the global market, nanotechnology has had a significant impact as an innovative and informative technology across a variety of industrial sectors, including healthcare, energy, transportation, materials, manufacturing, and consumer products. Key players focus on strategies such as product launches, innovations, and M&A to maintain themselves in fierce competition. The growth of the nanotechnology market is due to the increasing adoption of nanotechnology in medical diagnostics and image processing, as well as technological advances in nanotechnology devices.
In addition, government support, increased R&D funding, and the emergence of self-powered nanotechnology devices are expected to drive market growth.
FNN, Global Nanotechnology Markets-By Type (Nanodevices and Nanosensors), By Application (Electronics, Chemical Manufacturing, Energy, Aerospace and Defense, Healthcare, etc.) and Regions-Forecast 2022-2030, 2021
Japan’s strengths in the nanotechnology market relies mostly in the field of materials in basic and applied research. This is due to its long engagement of many years with the research of materials, bringing to light inventions like Neodymium magnets, lithiumion batteries, blue LEDs, photocatalysts, and carbon fibers. While Japan used to have global dominance in the electronics industry in the past, today the market lives through a downward trend due to the increasing global competition. However, Japan remains active in the nanotechnology field through the identification of present and future issues and challenges in a rapidly changing world.