Nanoscale Internet of Things Market was valued at USD 13.39 Billion in 2021 and is projected to reach USD 47.77 Billion by 2027, registering a CAGR of 22.38% over the forecast period (2022 – 2027) . The Internet of Nano-Things (IoNT) facilitates the interconnection of nano-sensors and nano-devices with existing communication technologies in the market, including the Internet.
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The development of nano-machines with capabilities to communicate and interconnect with micro- and macro-devices will empower the IoNT, which is increasingly seen as the next big technological innovation. These devices have dimensions ranging from 1 nm to 100 nm and are interconnected with classical networks leading to new networking paradigms.
Rising government spending in the aerospace and defense sector is expected to drive the IoNT market for the forecast period as IoNT has recently found major applications in nano-drone fields that could be used to monitor and carry sufficient explosives to penetrate the target. matter.
Technological advancements in recent years have mainly led to the rapid growth of smart environments (offices, homes, cities, among others). This rapid increase in these environments has paved the way for application interconnectivity and Internet usage, prompting the emergence of Internet of Things (IoT) technology. The expansion of the IoT concept has also given access to the Internet of Nano-Things (IoNT), which is a new paradigm of communication networks mainly based on nanotechnology and IoT.
The manufacturing sector, with the integration of autonomous and embedded sensors through a combination of micro and nanosystems technologies, is revolutionizing high-bandwidth self-powered devices that are used for advanced manufacturing (AM), artificial intelligence ( AI) and the IoT.
As devices become more connected and the Internet of Things (IoT) becomes abundant, simply increasing the volume of devices should allow companies to improve service, offer new products or streamline processes. existing. The IoNT ecosystem is gaining adoption across many industries, alongside an increased demand for IoNT-enabled devices. The Internet of Nano-Things (IoNT) offers a way to connect various nano-devices using high-speed networks.
The number of breaches of private networks and devices via the IoT has increased in recent years. Adding more devices like the IoT increases the surface area of a network, creating more potential attack vectors in the process. Any unsecured device connected to a network can serve as an entry point for an active attack on the network. Most governments and public enterprises depend primarily on information infrastructure services, and this dependency has become a major vulnerability factor due to cybersecurity threats.
By end user, the healthcare sector is expected to dominate the market. According to the American company Aruba, 73% of healthcare organizations use IoT for maintenance and monitoring.
Due to the COVID-19 pandemic, the global supply chain and demand for electronics has been disrupted, which has severely affected the adoption of hardware in the IoNT market. Due to the shutdown of production in countries like China, the electronics industry has observed a shortage of electronics supply during the pandemic. However, the demand for IoNT in industries deemed essential by the government, such as healthcare, food, agriculture and education, has increased due to lack of manpower and monitoring requirements. and remote work.
Main market trends
The healthcare industry is expected to hold a large share
Nanotechnology and the Internet of Nano-Things (IoNT) have had a continuous impact on the healthcare industry and its transformation and contributed to better outcomes. The inclusion of nanotechnology in medicine through nanomaterials and devices known as nanomedicine has brought many benefits to the prevention, diagnosis and treatment of disease.
The integration of the IoNT concept into healthcare has enabled more personalized, timely and convenient health monitoring and treatment. Therefore, nanotechnology and IoNT have the potential to completely revolutionize healthcare in the 21st century, creating a system that enables early detection and diagnosis of disease, followed by accurate, timely and effective treatment, reducing medical costs considerably.
The Internet of Nano-Things can also be used to form a Body Sensor Network (BSN) that easily applies internal nano-sensors to monitor patients’ health and physiological activity. The patient can view this data obtained by the nano-sensor on a portable gadget with a doctor.
Smart wearable devices have played an important role in expanding the reach of IoNT in the industry. Massive adoption of fitness tracking devices and investments from companies like Apple, Fitbit and Android are further improving the lineup by adding more health features. Many startups are also bringing innovation to the sector.
North America is expected to hold the largest share
Modern manufacturing facilities in the United States rely on new technologies and innovations to produce higher quality products at a significant rate, at lower cost.
Fast and secure 5G connectivity should enable agile operations and flexible production. This technology is expected to facilitate automated warehouses, automated assembly, connected logistics, packaging, product handling and autonomous carts.
Among the emerging technologies expected to emerge from existing technologies transforming manufacturing in the United States is expected to be the convergence of AI and IoNT, with companies like SAS Software touting the IoNT as the next wave of IoT based on nanotechnology.
Compared to the United States, Canadian businesses have been slower to adopt advanced technologies, according to the 2020 North American SME Advanced Manufacturing Survey. Canada’s energy sector has procured internet-connected sensors to monitor a range of activities in power plants, distribution networks and smart home meters.
Additionally, emerging 5G standards with New Radio (NR) are targeting capabilities, such as vehicle-to-everything and ultra-reliable low-latency communications, as an industrial use case. Additionally, with IEC-standardized industrial communication buses, such as PROFINET and Modbus, the market is moving towards reliable and more secure industrial adoption.
The Internet of Nano-Things market is highly competitive and consists of several key players such as Schneider Electric, IBM, Intel and many others. However, the market remains consolidated with many players trying to grab the market share. Their ability to continually innovate their products and services by investing significantly in research and development has enabled them to gain a competitive advantage over other players.
January 2022 – Advanced Material Development (AMD) has announced that it has won a major InnovateUK “Analysis 4 Innovators” grant to work on validating its new next-generation nanomaterial-based gas sensors. The company works with the National Physical Laboratory (NPL) on the development and testing of devices using advanced test equipment and measurement and analysis experience.
September 2021 – Siemens AG focuses on improving its distribution capabilities. For example, the company announced that it has entered into a strategic distribution partnership with Digi-Key Electronics to offer its automation and control products.
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