Global Nanosensors Market Expected to Reach $1,321.3 Million by 2026


quote The global nanosensors market forecast is expected to witness considerable growth, due to technological advancements in nanotech devices and increased government support and funding in nanotechnology. The nanosensors industry is projected to witness significant growth, especially in the emerging economies such as Asia-Pacific and LAMEA, owing to huge demand for advanced medical imaging in these regions. quote

Divyanshi Tewari
Lead Analyst, Semiconductors & Electronics at Allied Market Research

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According to a recent report published by Allied Market Research, titled, "Nanosensors Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2018-2026," the global nanosensors market was worth $536.6 million in 2019, and is projected to reach $1,321.3 million by 2026, to register a CAGR of 11.0% during the forecast period.

Nanosensor is a nanoscale device used to measure physical quantities and convert the measured quantities into signals that can be detected and analyzed in order to initiate further operations.

Nanomaterials-based sensors provide various advantages in specificity and sensitivity over sensors made from traditional materials. Nano sensors have specificity as they function at a scale of natural biological processes, allowing operation with chemical and biological molecules, with recognition sites that cause detectable physical changes. 

Further, enhancements in sensitivity from high surface-to-volume ratio of nanomaterials, as well as physical properties of nanomaterials that are used as the basis for detection, including nano photonics make way for the developments in the nanosensor detection technology, which act as major nanosensors market trends globally. Nano sensors are integrated with nanoelectronics to add accomplished processing capability to the nano sensor. Therefore, creating lucrative nanosensors market opportunity in the future.

One of the most important and useful types of nano sensors is biosensor in the healthcare industry, because of its high ability to cancer diagnosis and even severe disease. In addition, the biosensors can be utilized for identification of DNA. Dendrimers are the sensors made layer-by-layer onto areas with a diameter of fewer than five nanometers and produced by combinate polymers. Due to tiny dimension of these sensors, they can be organized via epidermis

Furthermore, various organizations globally are investing in nano sensor market and its emerging applications. For instance, in 2018, Osaka University-led researchers, combined nanosensor technology and artificial intelligence for rapid diagnose of influenza.

The nanosensors market analysis is studied based on type, application, and region. Based on type, the market is bifurcated into optical, chemical, physical, biosensor, and others. The applications covered in the study include electronics, energy, chemical manufacturing, aerospace & defense, healthcare, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.

The nanosensors market leaders profiled in the report include Agilent Technologies, Inc., Analog Devices, Inc., Applied Nanotech, Bruker Corporation, Honeywell International Inc., Biosensors International Group, Ltd., Kleindiek Nanotechnik GmbH, Omron Corp., Lockheed Martin Corp. and Texas Instruments. These key players adopt several strategies such as, new product launch and development, acquisition, partnership and collaboration and business expansion to increase the nano sensor market share during the forecast period.

Key Findings of the Nanosensors Market: 

  • In 2018, the biosensor segment generated the highest revenue in the global nanosensors market size.
  • By application, the electronics segment was the highest revenue contributor in global nanosensors market growth in 2018.

The key players profiled in the report include Altair Nanotechnologies Inc., Applied Nanotech Holdings Inc., Thermofisher Scientific, Imina Technologies Sa, Bruker Axs, Kleindiek Nanotechnik Gmbh, eSpin Technologies, Inc., Advanced Nano Products, Biosensor International, and Nanoics Imaging Ltd. These key players adopt several strategies such as, new product launch and development, acquisition, partnership and collaboration and business expansion to increase the nanosensors market share during the forecast period. 

In January 2019, Bruker Corporation launched JPK NanoWizard ULTRA Speed 2 advanced AFM system, which combines highest speed and highest resolution AFM with advanced bio-imaging features. In addition, the company acquired Alicona Imaging GmbH, a leading provider of optical-based metrology products. In this agreement, Alicona's optical 3D metrology products are used in Bruker's microCT, stylus profiler, white-light interferometry and atomic force microscope (AFM) product suite in 2018, followed by the acquisition of Berlin-based JPK Instruments AG, a nano-analytical device manufacturer company. This acquisition fueled the Bruker's biotechnology and equipment in the same year.  

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quote Nanosensors Market by Type (Optical, Chemical, Physical, Biosensor, and Others) and Application (Electronics, Energy, Chemical Manufacturing, Aerospace & Defense, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2018-2026 quote

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