Rising Demand from Automotive Sector Fuels Global Nanosensors Market

The global nanosensors market is enjoying an exceptional rise in its market valuation, all thanks to the rising demand for nanosensors from the biomedical and healthcare as well as the military and homeland security sectors. According to a research study published by Transparency Market Research (TMR), a market research and intelligence organization, the worldwide nanosensors market is set to expand at a whopping CAGR of 80.70% over the period from 2015 to 2021.

In 2014, the global nanosensors market stood at US$27 mn. Analysts at TMR expect this market to be valued at more than US$1.5 bn by the end of 2021. Here is a snapshot of the performance of the global nanosensors market at the regional level.

North America

North America leads the global market for nanosensors. The rising demand for compact yet highly efficient portable sensing systems for diagnosis from the biomedical and healthcare industry in North America is fueling the nanosensors market in this region.

• The North America nanosensors market occupied 39% of the overall market in 2014.
• It is likely to rise at an impressive CAGR of 81.20% from 2015 to 2021 in terms of revenue.
• The U.S is the biggest nanosensors market in North America.

The declining expenditure on diagnosis and treatment is projected to stimulate the demand for nanosensors in the nation. The compact size, low cost, bulk manufacturing capacity, and energy efficiency that nanosensors offer are other prominent factors driving the nanosensors market in the U.S.

Browse Research Report: http://www.transparencymarketresearch.com/nanosensors-market.html

Europe

Europe is the second largest regional market across the globe. The increasing demand for nanosensors from the automotive industry owing to their miniaturization and enhanced communication capabilities, enabling their integration into vehicles with minimal interference into the basic functionalities, is driving the Europe nanosensors market.

In 2014, the Europe regional nanosensors market held a share of 26% in the worldwide market for nanosensors. Analysts expect this market to maintain its position in the near future.

Asia Pacific

Asia Pacific is the fastest growing regional market for nanosensors among all. Consumers in this region are increasingly demanding products using nanosensors owing to their low cost and power efficiency, propelling the market to a significant extent.

India and China are the key markets for nanosensors in Asia Pacific. While China holds the leading position, India is poised to report the fastest growth in the Asia Pacific nanosensors market.

Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/nanosensors-market.htm

Latin America

The Latin America market for nanosensors is witnessing remarkable growth. The advancement in nanotechnology, augmenting the capacity of nanosensors and reducing the time taken for diagnosis and treatment, is the key reason for this rise. In 2014, Latin America reported a share of 5% in the global market.

Samsung Electronics Co., Analog devices Inc., OMRON Corp., Honeywell International Inc., Texas Instruments Inc., Oxonica, and Lockheed Martin Corp. are the key participants in the global nanosensors market.