Nanotechnology's Commercial Impact: By The Numbers

Aug. 7, 2008
Nano-enabled products' value weigh in at $147 billion in 2007

For all the conversation about nanotechnology over the past 10 years or so, is there any evidence that this enabling technology is gaining a foothold in the production of manufactured goods? The answer is yes, according to the latest report from Lux Research, a strategic advisory firm that describes nanotechnology as "over-hyped earlier in this decade." Lux Research examined the current and future impacts of nanotechnology and offers up these conclusions:

$147 billion value of nano-enabled products produced in 2007

$3.1 trillion estimated value of nano-enabled products in 2015

$13.5 billion amount spent on nanotechnology R&D in 2007

14% percentage increase in nanotech R&D spending from 2006 to 2007

$6.6 billion value of global corporate spending on nanotech R&D in 2007

23% percentage increase in global corporate spending on nanotech R&D from 2006 to 2007

See Also

About the Author

Jill Jusko

Bio: Jill Jusko is executive editor for IndustryWeek. She has been writing about manufacturing operations leadership for more than 20 years. Her coverage spotlights companies that are in pursuit of world-class results in quality, productivity, cost and other benchmarks by implementing the latest continuous improvement and lean/Six-Sigma strategies. Jill also coordinates IndustryWeek’s Best Plants Awards Program, which annually salutes the leading manufacturing facilities in North America.

Sponsored Recommendations

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!