BCC: "RGB-290 Nanotechnology: A Realistic Market Evaluation"
February 16, 2004
According to a soon-to-be-released report from Business Communications Co., Inc. (BCC), "RGB-290 Nanotechnology: A Realistic Market Evaluation," the total global demand for nanoscale materials, tools and devices was estimated at $7.6 billion in 2003 and is expected to grow at an average annual growth rate of 30.6% to reach $28.7 billion in 2008. Comparing nanotechnology to other key emerging technologies, the global nanotechnology market, at about $7 billion in 2002, was roughly comparable in size to the biotechnology sector, but far smaller than the $800 billion global informatics market. However, the nanotechnology market is believed to be growing more than twice as fast as either of the other two.
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