Strategy confirming the British government’s commitment to the successful and safe development of nanotechnologies is presented in a new report entitled:“UK nanotechnologies strategy: small technologies, great opportunities" released by the UK Department of Business, Innovation and Skills (BIS).
The report aims to address and deliver successful and safe growth of these technologies, to benefit both industry and consumers. The UK’s economy and consumers will benefit from the development of nanotechnologies through Government’s support of innovation and promotion of the use of these emerging and enabling technologies in a safe, responsible and sustainable way reflecting the needs of the public, industry and academia.
The report aims to address and deliver successful and safe growth of these technologies, to benefit both industry and consumers. The UK’s economy and consumers will benefit from the development of nanotechnologies through Government’s support of innovation and promotion of the use of these emerging and enabling technologies in a safe, responsible and sustainable way reflecting the needs of the public, industry and academia.
The report predicts that global revenues from nanotechnologies will reach $81.4 billion annually in 2015.There are currently around 800 nanotechnologies products or product lines on the market globally; this has increased from approximately 210 in 2006 .
However, there is a wide variation in estimates for the size of the global nanotechnologies market, and predictions of its future size. Despite the variations in forecasts, very rapid growth in the global market for nanotechnologies-enabled products is predicted across the board. Even the more conservative forecasts predict that the total global revenue for nanotechnologies will grow from around $2bn in 2007 to $81bn in 2015. These figures are broken down in Figure 1
However, there is a wide variation in estimates for the size of the global nanotechnologies market, and predictions of its future size. Despite the variations in forecasts, very rapid growth in the global market for nanotechnologies-enabled products is predicted across the board. Even the more conservative forecasts predict that the total global revenue for nanotechnologies will grow from around $2bn in 2007 to $81bn in 2015. These figures are broken down in Figure 1
The UK is ranked third in the world, after theUS and Germany, when it comes to the number of nanotechnologies companies operating. The European Commission completed a study of the economic development of nanoscale technology in 2006. According to this the UK was: fourth in terms of number of patents applied for, after the US, Japan, and Germany; very strong in nano-optics, placed third after the US and Japan; fourth on nanoscale materials after the US, Japan and Germany. The following table shows the number of British companies involved in nanotechnology by sector.
The BIS estimates of the market size for nanotechnologies is a departure from many other predictions of the global market size for nanotechnologies. The table below is a collection of estimates for the worldwide value of nanotechnology that have been reported by other organizations.
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