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
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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.
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