The growth of the Nanoelectronics industry is mainly due to the advancements in technology, increased government and private sector funding, and miniaturization of devices, as well as strategic alliances among countries. As chronic diseases and an aging population increase, this market is also influenced by its wide application in the biomedical sector. Nanotechnology Used in electronic components utilizing technology, smart mobile penetration, and Internet of Things adoption have also positively impacted nanoelectronics evolution. Nanotechnology commercialization is expected to encounter challenges related to environmental, health, and safety risks.
Global Nanoelectronics industry is divided into Carbon Nanotubes, Nanosilver Graphene, Nanofibers, Nanobuds, Nanowires, and Others. Among these, into Carbon Nanotubes type segment accounted for the highest market share in 2020. Growth is primarily due to increased application within lithium-ion batteries because of their high capacity and reversibility. In a wide variety of pharmaceutical and medical applications, carbon nanotubes are used because of their large surface area and ability to absorb and conjugate therapeutic and diagnostic agents, such as drugs, genes, vaccines, and biosensors.
Major players operating in this industry include Everspin Technologies Inc., IBM, Buhler, HP Development Company L.P., PARTEC GmbH, Robert Bosch GmbH, STMicroelectronics, Intel Corporation, Koninklijke Philips N.V, Siemens AG, Hewlett-Packard Development Company, L.P., Infineon Technologies AG, Everspin Technologies Inc, and OD Vision.
Leading players have been using a variety of business strategies to stay competitive, including expanding their businesses, collaborating, acquiring companies, and developing applications. To explore the manufacturing of electronic devices, photonic devices, and sensors incorporating graphene and layered nanomaterials in the region, the European Commission has established a new USD 23.0 million collaborative project, the 2D-Experimental Pilot Line (2D-EPL).