WASHINGTON A market researcher is projecting that emerging "nanomemory" technology will drive demand for nanoelectronics over the next three years.
NanoMarkets (Sterling, Va.) estimates that nanomemory products will account for $8.6 billion of its projected $10.8 billion in nanoelectronics growth through 2007. It said the main drivers of the technology will be nonvolatile memories for mobile communications and computing. The researchers said IBM Corp., STMicroelectronics and Freescale are all close to shipping memory products based on nanotechnology.
In a report released Thursday (Oct. 28), the researchers also identified nanosensors and displays based on nanotechnology as key drivers of the market. Sensors are expected to find applications in medicine, homeland security and aerospace. Plastic electronics are expected to make possible roll-up displays, and carbon nanotubes could find applications in larger HDTV monitors.
Overall, NanoMarkets projected the nanoelectronics market could grow to $82.5 billion by 2011.