According to a new report, published by KBV research, The Global Internet Of Nano Things Market size is expected to reach $98.22 billion by 2031, rising at a market growth of 20.6% CAGR during the forecast period.
The Long-distance segment is experiencing a CAGR of 21.1% during (2024 - 2031). Nano-sensors deployed for air and water quality monitoring, remote sensing, and disaster prediction systems require efficient long-range communication to transmit critical data over vast distances. IoNT-based surveillance systems and battlefield monitoring technologies leverage long-distance communication to enhance situational awareness and intelligence gathering in defense.
The Hardware segment is leading the Global Internet Of Nano Things Market by Component in 2023; thereby, achieving a market value of $52.59 billion by 2031. The hardware segment is driven by the rising demand for nano-sensors, nano-transceivers, and nano-processors, which form the backbone of IoNT networks. Advancements in nano-materials, miniaturized electronic components, and energy-efficient processors have accelerated the development of highly functional nano-devices used in healthcare, environmental monitoring, and smart industrial applications.
The Energy & Utilities segment exhibits a CAGR of 19.6% during (2024 - 2031). IoNT-based nanosensors in power grids, renewable energy plants, and environmental monitoring systems enable early detection of faults, gas leaks, and pollution levels, ensuring safety and sustainability. The shift toward smart grids, green energy solutions, and carbon footprint reduction has increased the demand for IoNT-driven automation and data analytics in this sector. Governments and industries also leverage nanotechnologies for energy conservation and improved utility management, further propelling market growth.
Full Report: https://www.kbvresearch.com/internet-of-nano-things-market/
The North America region dominated the Global Internet Of Nano Things Market by Region in 2023; thereby, achieving a market value of $31.98 billion by 2031. The Europe region is expected to witness a CAGR of 20.2% during (2024 - 2031). Additionally, The Asia region would register a CAGR of 21.2% during (2024 - 2031).
By Communication Type
By Component
By End-use
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