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Nanotechnology

Nanomagnetics: Materials, Devices and Markets

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REPORT HIGHLIGHTS

  • The global market for nanomagnetic materials and devices will rise at an AAGR (average annual growth rate) of 22.6% from $4.3 billion in 2004 to reach nearly $12.0 billion in 2009.
  • Information storage applications account for the vast majority – over 90% – of today’s market and will continue to dominate in 2009.
  • Spurred by growth in bioseparations and magnetic resonance imaging contrast agents, and the emergence of nanomagnetic biosensors and nanoparticles for disease treatment, the 2009 market for biotechnology applications is forecast to reach $310 million.
  • With soft magnetic nanocrystalline transformer cores as its backbone, the industrial products sector is projected to reach $167 million in 2009.

SUMMARY FIGURE
GLOBAL MARKET FOR NANOMAGNETIC MATERIALS AND DEVICES BY SECTOR, 2003-2009
($ MILLIONS)
Source: BCC, Inc.