With the current development in technologies such as mobile wireless devices, IOT, cloud computing, and ubiquitous electronics there has been rise in the demand for Nano materials to harvest energy and sensor integration. Moreover, Nano Electronics technology is demanded to manufacture new devices, network architecture, and to design new manufacturing processes with low cost and time.
At present, Nano electronics technology is rising at a considerable rate due to its usage for increasing transmission speed between integrated circuits, reducing power consumption.
Nano electronics works with the usage of nanotechnology for electronic components utilizing technology less than 100 nm in size that will help in reducing the size of computer systems.
With the changing scenario in electronics market, the manufacturers are emphasizing the development of Nano electronics components such as molecular memory, light weight photovoltaic cells and biosensors.
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Nano Electronics Market: Drivers and Challenges
The major factor driving Nano electronics market is the molecular electronics. The development of this technology and the emergence of spin based computing is helping this market to grow significantly.
Another factor driving this Nano electronics market is the development of Spintronics with Nano Electronics that will help in the development of spin based computing in coming year.
This his technology is still in its introductory phase therefore there is less awareness among electronics product manufactures that hinders the Nano electronics market growth. Furthermore, it is not easy to use this technology for various components as in some components scaling could be different.
Nano Electronics Market: Segmentation
In this Nano Electronics market companies offer Nano Electronics materials primarily
Segmentation on the basis of material:
- Aluminum Oxide Nanoparticles
- Carbon Nanotubes
- Copper Oxide Nanoparticles
- Gold Nanoparticles
- Iron Oxide Nanoparticles
Segmentation on the basis of application:
- Integrated Circuits
- IOT and wearable Devices
- Electronic textile
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Some of the key players in Nano Electronics market are Everspin Technologies, IBM, IMEC, HP and OD Vision
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