Nanoelectronics market to hit $10.8 billion by 2007 - report

Chicago (IL) - Market research firm Nanomarkets estimates worldwide revenues for nanoelectronics devices to exceed $10 billion in three years and to $82 billion by 2011.

The report to be released on Thursday forecasts substantial revenue increases for electronics firms from nanoelectronics through the ability to further scale CMOS with nano-enabled production processes. Additionally, improved solutions for thermal management and high-speed interconnection issues, and the ability to churn out nano-engineered products that meet specialized applications better than conventional products, will enable firms to rake in new profits, Nanomarkets said.

The firm estimates total market volume of nanoelectronics to be about $10.8 billion in 2007 and grow to $82.5 billion in 2011.

The increasing opportunity for electronics firms is attributed especially to an emerging market for nanomemory products. Revenues in this segment are predicted to reach $8.6 billion by 2007 and $65.7 billion by 2011, according to Nanomarkets.

Additional factor for the growth of nanoelectronics are a strong demand for nano-sensors (revenues of $446 million in 2007 and $5.6 billion by 2011) for medical, homeland security and aerospace applications as well as nano-engineered display technology ($1.6 billion / $7.5 billion).