Thursday, February 09, 2006

More predictions about nano markets

Rashid Bashir of Purdue University provides an interesting summary of the market potential of nanotech in his recent column:

"The National Science Foundation predicts a global market for nanotech products and services could top $1 trillion by 2015, and up to 1 million jobs related to nanotech in the United States are expected to be created by then.

Nanotech in the food industry alone is estimated to leap from $2.6 billion a year today to $20.4 billion in 2010, according to a recent study by Helmut Kaiser Consultancy. Much of that will focus on detecting possible contaminants and prolonging the shelf life of food.

Federal funding for nanotech research, meanwhile, has quadrupled from about $270 million in 2000 to $1.08 billion in the current fiscal year, with about 4,000 government-funded research projects under way."

Read the complete column