Market - EUON
Transport - Overview - Market - Text
The commercial applications of nanotechnology in the field of transport include: nanotubes and particles (e.g. for use in capacitors and batteries), nanoporous materials (e.g. for use in fuel cells), thin films and coatings (for multiple transport applications), and nanocomposites (e.g. for use in vehicle parts).
Many companies identify themselves as being active in the area of nanotechnology. Where their product is generic with many applications in a wide range of sectors, one of which is transport, their product will often not appear as transport-specific. Here efforts have been made to identify products that are clearly designated as being used in transport thereby omitting products with unspecified sectoral application areas, increasing the relevance of the products while reducing the total number. Products that are identified as for use in transport applications may also be used in other sectors e.g. energy or ICT.
Global sales for nanotechnology products in the transport sector were estimated to be USD 7.9 billion in 2013 and are forecast to grow to USD 13.8 billion by 2019. The forecast growth by 2019 of commercialised products is to USD 2.3 billion in 2019 and emerging products to USD 0.89 billion in 2019, much of the growth being expected in products that have already been commercialised. A comparison of global sales estimates by type of nanomaterial shows that thin films accounted for the largest share in 2013 but that share is expected to decrease in the time period to 2019. The main reason for this is the predicted slow growth in the market for thin film catalytic converters. The share of nanodevices (i.e. sensors) is expected to increase by 2019 to about four times its size in 2013, while sales of nanocomposites are projected to almost triple in relative share. Carbon nanotubes are currently forecast to play only a marginal role in terms of shares of sales. (BCC Research, 2014)