• 1-614-588-8538 (Ext: 101)
  • US Toll Free
Nanotechnology Bags its First Nobel Prize: Poised to be a Lucrative Market in the Coming Years and get the Attention of Investors

Published By : IndustryARC | Published On : 2016-09-20
Nanotechnology is emerging as a potential game changer that promises to revolutionize the technology we see in our daily lives. From transportation to electronics, healthcare to aerospace, manufacturing to energy, nanotechnology has immense prospects in all the major aspects of modern civilization. The miniaturization of computers is the precedent for nanotechnology. It aims to make machines smaller than the range of the human eye, in order to reach previously untouched dimensions. The efforts by the numerous scientists at the backstage of nanotechnology have been acknowledged by the Nobel Prize committee.

In 2016, the Nobel Prize in Chemistry was awarded to Jean-Pierre Sauvage, Sir J. Fraser Stoddart and Bernard L. Feringa for their “development of molecular machines that are a thousand times thinner than a hair strand.” They created a miniscule molecular motor that could rotate a glass cylinder 10,000 times bigger than itself. Moreover, they designed a nanocar, molecular muscle, molecular lift and a molecular lift.

According to the Nobel Committee which announced the winners of the Prize in Chemistry 2016, “In terms of development, the molecular motor is at the same stage as the electric motor was in the 1830s, when scientists displayed various spinning cranks and wheels, unaware that they would lead to electric trains, washing machines, fans, and food processors,”. Nanotechnology has been undergoing unprecedented growth for a while now owing to the rising investment both by governments and other entities. Nanotechnology has received a well-deserved impetus with this prize and is certainly evident to grow with leaps and bounds due to the mass attention it gaining now.

The U.S. and Europe have traditionally been at the helm of the research in the field of nanotechnology, however, more and more countries are realizing how it can be a panacea to a multitude of global social problems. Consequently, developing countries are diverting more funds for research in this field. There has been an avalanche of investments from benefactors around the globe. Hence, nanotechnology is poised to be a lucrative market in the coming years, expanding its horizons to virtually every sphere of modern society.


Browse Related Reports:




About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.


Contact Us:

Mr. Venkateshwar Reddy
Business Development Manager 
Contact Sales: 1-614-588-8538 (Ext-101)
Connect with us on LinkedIn - https://www.linkedin.com/company/industryarc