Nano Internet of Things Market – Growth, Trends, Impact of COVID-19 and Forecast (2022

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The Nanoscale Internet of Things market was valued at US$13.39 billion in 2021 and is expected to reach US$47.77 billion by 2027, registering a compound annual growth rate of 22.38% during the forecast period (2022-2027). The Nanoscale Internet of Things (IoNT) facilitates the interconnection of nanosensors and nanodevices with communication technologies on the market, including the Internet.

NEW YORK, April 26, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the report “Internet of Nano Things Market – Growth, Trends, Impact of COVID-19 and Forecast (2022 – 2027)” – https://www.reportlinker.com/p06271854/?utm_source=GNW

the main points
The development of nanomachines with communication and interconnection capabilities with micro and macro devices would enable the Internet of Things, which is increasingly seen as the next major innovation in technology. These devices have dimensions ranging from 1 nm to 100 nm and are interconnected with classical networks leading to new network models.
Increased government spending in the aerospace and defense sector is expected to drive the IoNT market during the forecast period, as IoNT has recently found major applications in the areas of nano-drones that can be used to detect and carry explosives enough to penetrate targeted subjects.
Technological developments over the past few years have primarily led to the rapid growth of smart environments (offices, homes, cities, etc.). This rapid increase in such environments paved the way for the interconnection between applications and the use of the Internet, leading to the emergence of Internet of Things (IoT) technology. The expansion of the concept of the Internet of Things has also made possible access to the Nano Internet of Things (IoNT), a new model of communication networks based primarily on nanotechnology and the Internet of Things.
By integrating autonomous and embedded sensors through a range of micro and nanosystem technologies, the manufacturing sector is revolutionizing high-bandwidth autonomous devices used in advanced manufacturing (AM), artificial intelligence (AI), and the Internet of Things.
As devices become more connected and plentiful in the Internet of Things (IoT), the exponential rise in devices is expected to enable businesses to improve service, introduce new products, or simplify existing operations. The IoNT ecosystem is gaining widespread adoption across many industries, along with increasing demand for IoNT-enabled devices. The Internet of Nano-Things (IoNT) provides a means to connect various nano-devices with the help of high-speed networks.
The number of hacks to private networks and devices over the Internet of Things has increased in the past few years. Adding multiple devices such as the Internet of Things increases the network surface area, thus creating more potential attack vectors in the process. An unsecured device connected to a network may act as an entry point for an active network attack. Most government and public organizations are mostly dependent on information infrastructure services, and this dependency has become a major vulnerability factor due to cyber security threats.
By the end user, the healthcare sector is expected to dominate the market. According to US-based 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 have been disrupted, resulting in the adoption of IoT market devices being severely affected. With production shutting down in countries like China, the electronics industry has noticed a shortage of electronics supply during the pandemic. However, the demand for IoT in core industries considered by the government, such as healthcare, food, agriculture and education, is increasing due to shortage of manpower, remote monitoring and work requirements.

Major market trends

The healthcare industry is expected to hold a large share

Nanotechnology and the Nano-Internet of Things (IoNT) have continually influenced and transformed the healthcare sector and contributed to better outcomes. The inclusion of nanotechnology in medicine through nanomaterials and devices known as nanomedicine has brought many benefits for disease prevention, diagnosis and treatment.
Incorporating the concept of the Internet of Things into healthcare has enabled more personalized, timely and appropriate health monitoring and treatment. Therefore, nanotechnology and IoNT technology 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, which significantly reduces medical costs.
The nano-IoT can also be used to form a Body Sensors Network (BSN) that easily applies internal nano-sensors to monitor patient health and physiological activity. The patient can view this data obtained by the nano-sensor on a wearable device with the doctor.
Smart wearable devices have played an important role in expanding the reach of the Internet of Things in this sector. The massive adoption of fitness trackers and investments by companies like Apple, Fitbit and Android boosts the range even further by adding more healthcare features. Many startups are also working to bring innovation into this 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 high-quality products at a greater rate at lower costs.
Fast and secure 5G connectivity is expected to enable flexible operations and flexible production. This technology is expected to facilitate automated warehouses, automated assembly, connected logistics, packaging, product handling, and autonomous vehicles.
Among the emerging technologies expected to emerge from current technologies transforming US manufacturing are expected to include the convergence of artificial intelligence and the Internet of Things, with companies, such as SAS Software promoting IoNT as the next wave of nanotechnology-based Internet of Things.
Compared to the United States, Canadian companies have been slower to adopt advanced technologies, according to the 2020 Advanced Manufacturing Survey of North American SMEs. The Canadian energy sector is purchasing internet-connected sensors to monitor a range of activities across generation plants, distribution networks and smart home meters.
Emerging 5G standards with New Radio (NR) are also targeting capabilities, such as car-to-everything and ultra-reliable, low-latency communications, as industrial use cases. In addition, with standardized industrial communication buses by IEC, such as PROFINET and Modbus, the market is moving towards reliable and safe industrial adoption.

Competitive scene

The nanoscale IoT market is very competitive and consists of many major players such as Schneider Electric, IBM, Intel and many more. However, the market remains unified, with many players trying to capture the share. Their ability to continually innovate their products and services by investing heavily in research and development has allowed them to gain a competitive advantage over other players.

January 2022 – Advanced Material Development (AMD) announces that it has won an important InnovateUK “Analysis 4 Innovators” grant to work on validating a new generation of gas sensors based on nanomaterials. The company works with the National Physical Laboratory (NPL) to develop and test devices using advanced testing equipment and measurement and analysis expertise.
September 2021 – Siemens AG focuses on strengthening its distribution capabilities. For example, the company announced that it has entered into a strategic distribution partnership with Digi-Key Electronics to offer automation and control products.

Additional benefits:

Market Estimate Sheet (ME) in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06271854/?utm_source=GNW

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