Nano Science and Technology Institute

Industry Analysts Predict Revenues from Products Incorporating Nanotechnology to Reach Close to $3 Trillion US Within 10 Years

In their study, Global Industry Analysts, Inc. (GIA) notes the success of nanotechnology commercialization in the healthcare and electronics section will bolster revenues for all products incorporating nanoscale technologies over the next decade. The GIA’s report also looks at government spending in nanotechnology research and development--from 2006 to 2010, Japan will be the world leader in this category, providing about $6 Billion US for nanotech R&D. The US is not too far behind with a projected $5.6 Billion US dedicated to nanotech R&D, followed by the European Union at about $4.6 Billion US for the same period.

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