The AI in Nanotechnology Market Size is valued at USD 9.30 billion in 2023 and is predicted to reach USD 40.14 billion by the year 2031 at a 20.5% CAGR during the forecast period for 2024-2031.
The AI in Nanotechnology Market is emerging as a crucial segment within the broader nanotechnology and artificial intelligence fields. Integrating AI into nanotechnology enhances precision, efficiency, and scalability in various applications, such as drug delivery, material science, and electronics. One significant driver is the evolving demand for advanced and personalized medical treatments, where AI aids in designing nanoparticles for targeted drug delivery systems. Additionally, AI algorithms optimize the synthesis and characterization of nanomaterials, reducing time and costs.
During the COVID-19 pandemic, the market faced both challenges and opportunities. The disruption of supply chains and a temporary halt in research activities hindered progress. However, the pandemic also underscored the importance of advanced technologies in healthcare, leading to a surge in demand for AI-powered nanotech solutions. AI-driven nanotechnology played a crucial role in developing diagnostic tools, drug delivery systems, and antiviral coatings, demonstrating its potential in addressing global health crises. As the world recovers from the pandemic, the market is poised for accelerated growth, driven by the lessons learned and the increased focus on technological advancements in healthcare and other critical sectors.
Competitive Landscape
Some Major Key Players In The AI in Nanotechnology Market:
- IBM Corporation
- Google LLC
- Microsoft Corporation
- Intel Corporation
- NVIDIA Corporation
- Amazon Web Services (AWS)
- Siemens AG
- Thermo Fisher Scientific Inc.
- ABB Ltd.
- General Electric (GE)
- Samsung Electronics Co. Ltd.
- IBM Research
- NanoString Technologies, Inc.
- Accenture plc
- Fujitsu Limited
- Hewlett Packard Enterprise (HPE)
- Hitachi, Ltd.
- Agilent Technologies, Inc.
- Oracle Corporation
- Huawei Technologies Co., Ltd.
- Baidu, Inc.
- Cognex Corporation
- Qualcomm Incorporated
- Cisco Systems, Inc.
- Dell Technologies Inc.
- Other Market Players
Market Segmentation:
The AI in Nanotechnology market is segmented on the basis of type, application, and end-user industry. Based on type, the market is segmented into machine learning algorithms, deep learning models, natural language processing (NLP) systems, expert systems, robotics, and automation. By application, the market is segmented into Nanomedicine and Drug Delivery, Nanoelectronics and Optoelectronics, Nanomaterials Synthesis and Characterization, Nanorobotics and Nanomanipulation, Nanosensors and Nanodevices, Environmental Monitoring and Remediation, Nanotechnology in Energy Storage and Conversion. By end-user industry, the market is segmented into Healthcare and Biomedical, Electronics and Semiconductors, Energy and Environment, Aerospace and Defense, Manufacturing and Material Science, Consumer Electronics, and Others.
Based On Type, The Machine Learning Algorithms Segment Is Accounted As A Major Contributor To AI In The Nanotechnology Market.
The Machine Learning Algorithmscategory is expected to hold a major share of the global AI in the Nanotechnology market in 2023. Machine learning (ML) algorithms are pivotal in advancing nanotechnology applications by enabling precise analysis and prediction models for nanoscale materials and processes. These algorithms facilitate the design and discovery of new nanomaterials, optimizing properties for specific applications, such as drug delivery, electronics, and energy storage.The integration of ML algorithms enhances the efficiency and accuracy of nanoscale simulations, reducing the need for extensive experimental trials. It leads to faster innovation cycles and cost savings.
The Nanomedicine And Drug Delivery Segment Witnessed Rapid Growth.
The nanomedicine and drug delivery segment is projected to grow at a rapid rate in the global AI in Nanotechnology market owing to the integration of AI technologies that enhance precision, efficiency, and efficacy in medical treatments. AI algorithms facilitate the design and optimization of nanocarriers, improving targeted drug delivery systems, which reduce side effects and enhance therapeutic outcomes.
In The Region, The North American AI In Nanotechnology Market Holds A Significant Revenue Share.
The North American AI in Nanotechnology market holds a significant revenue share, driven by the region's robust technological infrastructure, substantial investment in research and development, and the presence of leading market players. The integration of AI with nanotechnology is revolutionizing various sectors, such as healthcare, electronics, energy, and materials science. AI's ability to analyze vast datasets, optimize nanomaterial properties, and predict outcomes accelerates innovation and application development. The region's regulatory environment also supports innovation, with policies encouraging the development and commercialization of advanced nanotechnologies. Additionally, government funding and initiatives aimed at promoting AI and nanotechnology research further boost the market. The high adoption rate of advanced technologies in North America positions it as a leader in the AI in Nanotechnology market, ensuring sustained growth and a significant revenue share.
Recent Developments:
- In May 2024, Siemens Digital Industries Software introduced Catapult™ AI NN software, which enables the High-Level Synthesis (HLS) of neural network accelerators on Application-Specific Integrated Circuits (ASICs) and System-on-a-chip (SoCs). Catapult AI NN is a comprehensive solution that begins with an AI framework's neural network description, transforms it into C++ code, and then synthesizes it into a hardware accelerator written in Verilog or VHDL for silicon implementation.
- In Oct 2023, Gov. Kathy Hochul unveiled the establishment of the Center for Emerging Artificial Intelligence Systems (CEAIS) at the University at Albany. This collaboration, valued at $20 million, involves UAlbany and IBM. It aims to support cutting-edge AI research initiatives by utilizing advanced cloud computing and emerging hardware from the IBM Research AI Hardware Center.
AI in Nanotechnology Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 9.30 Bn |
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Revenue Forecast In 2031 |
USD 40.14 Bn |
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Growth Rate CAGR |
CAGR of 20.5% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, Application, End-User industry |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
IBM Corporation, Intel Corporation, Google LLC, Microsoft Corporation, General Electric (GE), Siemens AG, Thermo Fisher Scientific Inc., NVIDIA Corporation, Hewlett Packard Enterprise (HPE), Quantum Base Ltd., Cytosurge AG, Accelrys Inc. and Others. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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