Wednesday, March 21, 2007

Nanotechnology Predictions

Today I thought I’d hit you with a few of my favorite predictions and statistics. While I do not necessarily agree with them all, I do respect the groups and individuals that produced them, and therefore believe that we need to pay attention to them. When taken as a whole, I believe they indicate that great deal of expedient thought needs to be given the field of nanotechnology. If there is one “for sure” you can take away from this, it is that nanotechnologies have the potential to impact society in ways both profound and unfathomable. The time to start planning for the consequent disruptive change is now.

"This technology (nanotechnology) also holds the promise of broad societal implications. By 2015, products in which nanotechnology plays a key role will require more than 2 million workers and produce about $1 trillion in products annually. These estimates are from leading experts in large companies with related nanotechnology programs in the United States, Japan and Europe."

~Mihail C. Roco, Senior Advisor, NSF and Chair, U.S. National Science and Technology Council's Subcommittee on Nanoscale Science, Engineering and Technology.

"Nanotechnology is approaching a phase change that will see it spread exponentially across manufactured goods in the next 10 years. In 2004, $13 billion worth of products will incorporate emerging nanotechnology, less than one-tenth of 1% of global manufacturing output. In 2014, we project that this figure will rise to $2.6 trillion -- 15% of manufacturing output in that year."

From: Sizing Nanotechnology's Value Chain

“Energy is the largest business in the world. The growing thirst for fossil-fuel based energy by developing economies in Asia, compounded by political strife in energy-rich areas of the world, has created an unprecedented demand and a volatile supply. Solar energy has long been recognized as a potential solution - 175,000 terawatts of solar energy hit the earth every day, three-thousand times the amount we would need to power the entire world. Nanotechnology is at the forefront of solar cell development from the mechanism from capturing light to the means to convert it into electricity and conduct the power to the devices that need it.”

From: NanoBusiness 2007 to Focus on CleanTech, Highlighting Nanotechnology’s Role in Improving the Environment

“U.S. demand for nanotechnology medical products will increase over 17 percent per year to $53 billion in 2011, says The Freedonia Group, Inc., a Cleveland-based industry research firm. Afterwards, the increasing flow of new nanomedicines, nanodiagnostics, and nanotech-based medical supplies and devices into the US market will boost demand to more than $110 billion in 2016.”

From: Demand for nanotech-based medicine grows

To view more worthwhile quotes, visit the Quotes page at my consulting team site.

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