New commercial & corporate R&D propel nanotech tools' growth

14 Sep '05

3 min read

The Lux Research focuses on remarkable applications ranging from computer displays to cancer treatments. But behind the scenes of nearly all such applications lie sophisticated tools that researchers use to inspect, fabricate, and model matter at the nanoscale. Sales of such tools will grow from $580 million in 2004 to $1.1 billion in 2010, according to a new report from Lux Research entitled 'The Truth about Nanotech Tools.'

Nanotechnologists use three principal categories of tools: inspection tools to visualize nanostructures, fabrication tools used to make nanostructures, and modeling tools to predict nanostructures' properties. The Lux Research report is the first study to rigorously quantify the market for these tools as used for emerging nanotechnology applications – excluding established uses in fields like semiconductors and data storage.

The report presents market sizing and forecast figures for all three nanotech tools categories. For the report, Lux Research conducted confidential interviews with CEOs and marketing executives at 21 leading tool vendors worldwide and with R&D leaders at 49 cutting-edge corporations, start-ups, universities, and national labs active in nanotech.

The team combined data from these interviews with exhaustive secondary research to calibrate top-down, bottom-up, and stocks-and-flows forecasting models for each individual tool type making up each category. Finally, the team put the results through an extensive peer review process with nanotech tool vendors and industry luminaries.

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