Nano electronics technology is rising at a considerable rate due to its usage for increasing transmission speed between integrated circuits, reducing power consumption
New York, NY -- (SBWIRE) -- 12/19/2016 -- With the current development in technologies such as mobile wireless devices, IOT, cloud computing, and ubiquitous electronics there has been rise in the demand for Nano materials to harvest energy and sensor integration. Moreover, Nano Electronics technology is demanded to manufacture new devices, network architecture, and to design new manufacturing processes with low cost and time. At present, Nano electronics technology is rising at a considerable rate due to its usage for increasing transmission speed between integrated circuits, reducing power consumption.
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Nano electronics works with the usage of nanotechnology for electronic components utilizing technology less than 100 nm in size that will help in reducing the size of computer systems.
With the changing scenario in electronics market, the manufacturers are emphasizing the development of Nano electronics components such as molecular memory, light weight photovoltaic cells and biosensors.
The major factor driving Nano electronics market is the molecular electronics. The development of this technology and the emergence of spin based computing is helping this market to grow significantly. Another factor driving this Nano electronics market is the development of Spintronics with Nano Electronics that will help in the development of spin based computing in coming ye
This his technology is still in its introductory phase therefore there is less awareness among electronics product manufactures that hinders the Nano electronics market growth. Furthermore, it is not easy to use this technology for various components as in some components scaling could be different.
Some of the key players in Nano Electronics market are Everspin Technologies, IBM, IMEC, HP and OD Vision
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Presently, North America and Europe region holds the largest market share of global Nano Electronics market. The market is growing comprehensively in countries such as U.S., Canada, and in European countries due to the high adoption of Nano Materials in order to improve Nano particles services.
The Asia Pacific region is following the North America region in this Nano Electronics market is expected to have the highest growth rate in coming years due to the growing usage in semi-conductor processes and production of chips.