Published: Oct, 2018
A new market report presented by Transparency Market Research states that the global nanosensors market is highly competitive in nature with a huge number of companies operating across the globe. The key players in the market are emphasizing on the development of new products, which is likely to support the growth of the market throughout the forecast period. In addition to this, the increasing number of research and development activities and innovations in this field are anticipated to enhance the development of the global nanosensors market in the next few years. Moreover, the rising number of strategic partnerships and collaborations, which is estimated to encourage the growth and strengthen the competitive scenario of the overall market throughout the forecast period. Some of the leading players engaged in the nanosensors market across the globe are Texas Instruments Inc., OMRON Corporation, Honeywell International, Inc., Lockheed Martin Corporation, Analog devices Inc., Oxonica, and Samsung Electronics Co.
In 2014, the global market for nanosensors was worth US$26.9 mn and is projected to reach US$1,500.9 mn by the end of the year 2021. The market is expected to register an enormous 80.70% CAGR between 2015 and 2021, states a new report by TMR. In the last few years, North America led the global nanosensors market and is anticipated to register a strong 81.20% CAGR between 2015 and 2021. The high growth of this region can be attributed to the increasing investments in the research and development activities.
Rise in Demand from Military Segment to Propel Nanosensors Market in Near Future
The global market for nanosensors is growing at a rapid rate in the next few years. A tremendous rise in the demand for nanosensors from the military and home security is projected to encourage the growth of the global nanosensors market throughout the forecast period. The rising focus of the key players on innovations and technological advancements is likely to support the development of the overall market in the near future. The consumers are focusing on designing compact and cost-effective manufacturing of nanosensors, which is estimated to boost the growth of the global nanosensors market in the next few years.
In addition to this, the developing economies hold potential growth opportunities; owing to which, the market players are targeting them, thus enhancing the growth of the nanosensors market across the globe. Moreover, the rising adoption of the Internet of Things and robotics is estimated to generate strong growth prospects for the market players in the next few years.
Growing Demand for Food and Beverages to Support Nanosensors Market
The global nanosensors market is likely to face several challenges, which is predicted to restrict the growth of the global nanosensors market throughout the forecast period. The rising concerns related to the large-scale production of nanosensors is anticipated to hamper the growth of the market in the coming few years. Nonetheless, the rising demand for nanosensors for food management is projected to supplement the growth of the overall market in the next few years.
This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “Nanosensors Market (Product - Optical Nanosensors, Electrochemical Nanosensors, and Electromagnetic Nanosensors; Application - Automotive and Aerospace, Homeland Defense and Military, and Biomedical and Healthcare) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”
- The rising focus on innovations and advancements in technology to encourage the growth of the global nanosensors market in the next few years.
- The introduction of the Internet of Things and the increasing number of applications to support the growth of the global nanosensors market in the coming years.
The global nanosensors market has been segmented as below:
Global Nanosensors Market by Product Type
- Optical Nanosensors
- Electrochemical Nanosensors
- Electromagnetic Nanosensors
Global Nanosensors Market by Application
- Automotive and Aerospace
- Homeland Defense and Military
- Biomedical and Healthcare
Global Nanosensors Market by Geography
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453