ARLINGTON, VA - Nanotechnology has had an established role in industry for many years. For more than a decade, the National Science Foundation (NSF) has supported cross-disciplinary nanoscale science and engineering research, helping to spawn global growth in nanotechnology research and development.
To help quantify that growth, Lux Research released a new report on global spending for emerging nanotechnology and the next generation of nano-enabled products. The study identifies more than $1 trillion in global revenue from nano-enabled products in 2013.
These findings help illustrate the long-term impact investments in fundamental science and engineering research under an innovative initiative can have on the global marketplace.
NSF is part of the National Nanotechnology Initiative (NNI), a U.S. federal research and development program that coordinates 20 departmental and agency units advancing nanotechnology knowledge. The independent study was funded in part by NSF and NNI's National Nanotechnology Coordination Office.
The survey shows global funding for emerging nanotechnology has increased by 40 to 45 percent per year for the last three years. It shows that revenue from nano-enabled products grew worldwide from $339 billion in 2010 to $731 billion in 2012 and to more than $1 trillion in 2013. Revenue from the United States alone was $110 billion, $236 billion and $318 billion those same years, respectively.