Nanotechnology – Emergence in Automotive Industry
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Since its emergence, Nanotechnology is steadily growing in its importance in the scientific world. It offers highly flexible solutions to complex problems in a wide range of research areas such as Medicine, Electronics, Food, Fuel Cell, Space, Energy, Sensors, Fabrics, Automobiles and many more.
Various factors are helping the Nanotechnology to grow in its size such as research funding, government support and private sector funding and drive for miniaturization. By 2024, Nanotechnology market is expected to cross US$ 125 Billion mark. This study is an attempt to understand the future on Nanotechnology, its relationship and impact to automotive industry in particular.