Nanowire – Market Trends, Drivers, and Growth Prospects until 2021

Renewable energy

According to Technavio’s latest market research study, the global nanowire market is expected to grow at a CAGR of close to 31% during the forecast period, 2017-2021.

This report by Technavio provides an in-depth analysis of the global nanowire market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

Technavio research analysts categorize the market based on the application type

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The top three revenue contributing application segments are discussed below:

Global nanowire market by electronics: Nanowires play an important role in nanorobots and quantum computers by helping these tiny machines to perform a specific task repeatedly with nanoscale accuracy. Nanowires can also operate as transistors and hence are ideal to make silicon metal insulator semiconductor devices.

Nanowire FETs can be used in developing high performance, multi-nanowire devices, and sensing devices. A sensor has an active sensing part and transducer. One dimensional property of nanowire is utilized in the transducer,” says Sunil Kumar Singh, a lead analyst at Technavio for research on embedded systems.

Global nanowire market by healthcare: Nanowires are smaller than blood capillaries and hence can be sent to any part of the body through the circulatory system. Devices that use nanowires are emerging as a powerful platform for electrical detection of biological and electrical species. Nanowires are used as sensors for the detection of biological and chemical aspects such as proteins, DNA, viruses, and drug molecules. With the use of nanotechnology, the process of diagnosing a disease is made faster and efficient. Furthermore, nanosensors that use nanowires can detect specific diseases such as cancer and HIV.

Global nanowire market by R&D: Nanotechnology makes use of materials that include two-dimensional films, one-dimensional nanowires, nanotubes, and nanocrystals. These materials are used for various applications such as complementary metal–oxide semiconductor (CMOS) systems and FETs in nanoelectronics, nanophotonics, and in energy harvesting devices. In 2016, researchers at Technical University of Eindhoven of the Netherlands declared the highest conversion efficiency achieved using nanowire solar cell.

The top vendors operating in the global nanowire market are:

  • ACS Material
  • Blue Nano
  • Cambrios Technology Corp.
  • Kemix
  • Novarials
  • Nanostructured & Amorphous Materials

Other prominent vendors in the market include 3M, C3NANO, Innova Dynamics, Minnesota Wire, nanoComposix, Nano Tech Labs, PlasmaChem, Sisco Research Laboratories, and US Nano.

A more detailed analysis is available in the Technavio report titled, ‘Global Nanowire Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.

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