Nanotechnology $1 trillion market by 2015
20 December 2007Bangalore Nano 2007 was recently held at Bangalore and it provided the opportunity to discuss the various aspects of the nanotechnology. According to Sir Keith O. Nions, Director General Science & Innovation, Dept. for Innovation, University of Skills in UK, the nanotechnology will have a global market of $1 trillion by the year 2015.
Industries such as automotive, steel, textile, energy, health, food, IT, paints, defence etc will provide enormous opportunities for commercialization of nanomaterials. Worldwide governments are now establishing new centres for commercializing new technologies.
In UK, government is funding more than 100 million pounds per annum for research on nanotechnology and government has open up 23 new centres for commercialization of the new technology produced by more than 1300 nanotechnology companies. UK has recently set up ISO technical committee of Nanotechnology.
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