Nanotechnology Overhyped in the Past…Booming Today!

In a press release Lux Research reports that nanotechnology is in the midst of a phenomenal boom, predicted to find its way into an astonishing $3.1 trillion worth of products by 2015. In a 135 page report Lux Research reveals that nanotechnology has quietly moved from an over-hyped phenomenon to a real and established industry that found its way into $147 billion worth of products in 2007 alone.

From the press release:

“Nanotech isn’t a new market or industry – it’s an enabling technology that improves many types of products,” said Jurron Bradley, Ph.D., Senior Analyst at Lux Research. “For example, you find it in coatings boosting the efficiency of automobile engines, in nano-enabled finishes protecting electronic devices, and nanoparticulate reformulations that make cholesterol-reducing drugs more effective. These innovations aren’t always visible to consumers, but they improve products and boost margins. That’s why nanomaterials’ use is only going to keep growing.”

A synopsis of the report can be found here.

Singularity Hub Staff
Singularity Hub Staff
Singularity Hub chronicles technological progress by highlighting the breakthroughs and issues shaping the future as well as supporting a global community of smart, passionate, action-oriented people who want to change the world.
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