Bharatbook.com : Latent demand for nanotechnology on worldwide basis

Bharatbook.com : Latent demand for nanotechnology on worldwide basis

 

The 2009-2014 World Outlook for Nanotechnology
 
 This econometric study covers the world outlook for nanotechnology across more than 200 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved. This study does not report actual sales data (which are simply unavailable, in a comparable or consistent manner in virtually all of the 230 countries of the world). This study gives, however, my estimates for the worldwide latent demand, or the P.I.E. for nanotechnology. It also shows how the P.I.E. is divided across the world’s regional and national markets. For each country, I also show my estimates of how the P.I.E. grows over time (positive or negative growth). In order to make these estimates, a multi-stage methodology was employed that is often taught in courses on international strategic planning at graduate schools of business. ( http://www.bharatbook.com/Market-Research-Reports/World-Outlook-for-Nanotechnology.html )
 
 WHAT IS LATENT DEMAND AND THE P.I.E.?
 
 The concept of latent demand is rather subtle. The term latent typically refers to something that is dormant, not observable or not yet realized. Demand is the notion of an economic quantity that a target population or market requires under different assumptions of price, quality, and distribution, among other factors. Latent demand, therefore, is commonly defined by economists as the industry earnings of a market when that market becomes accessible and attractive to serve by competing firms. It is a measure, therefore, of potential industry earnings (P.I.E.) or total revenues (not profit) if a market is served in an efficient manner. It is typically expressed as the total revenues potentially extracted by firms. The “market” is defined at a given level in the value chain. There can be latent demand at the retail level, at the wholesale level, the manufacturing level, and the raw materials level (the P.I.E. of higher levels of the value chain being always smaller than the P.I.E. of levels at lower levels of the same value chain, assuming all levels maintain minimum profitability).
 
 The latent demand for nanotechnology is not actual or historic sales. Nor is latent demand future sales. In fact, latent demand can be lower or higher than actual sales if a market is inefficient (i.e. not representative of relatively competitive levels). Inefficiencies arise from a number of factors, including the lack of international openness, cultural barriers to consumption, regulations, and cartel-like behavior on the part of firms. In general, however, latent demand is typically larger than actual sales in a country market. For reasons discussed later, this report does not consider the notion of “unit quantities”, only total latent revenues (i.e. a calculation of price times quantity is never made, though one is implied). The units used in this report are U.S. dollars not adjusted for inflation (i.e. the figures incorporate

A Short History Of Nanotechnology

A Short History Of Nanotechnology

The idea of building machines in microscopic sizes and making them function like construction bots for producing organizing and rearranging objects at molecular level is not easy to believe when there is no such technology present. This concept was put forward by Richard Feynman in 1959 in his talk ‘There’s Plenty of Room at the Bottom’. This was the first talk to deal with the principles of nanotechnology but this was not a new idea.

Before Feynman had talked about this concept of nanotechnology, it was already proposed by James Clerk Maxwell in 1867. He had proposed an experiment of little entity called Maxwell’s Demon capable of handling individual molecules.

Richard Adolf Zsigmondy was the first to use nanometer for characterizing particle size in 1914. He determined it as 1/10,00,000 of millimeter from which he developed the first system classification based on particle size in the nanometer range.

Moore’s Law had best codified the concept of the influences. Gordon Moore predicted on Intel in 1965 about how modern circuitry would pack more features as more devices were produced for the market. This law has held strong for nearly 50 years.

Nanotechnology was first defined by Norio Taniguchi of the Tokyo Science University in 1974. It was the processing of, separation, consolidation and deformation of materials by one atom or one molecule.

The concept of nanotechnology to engineering through the concept of molecular manufacturing was for the first time applied by Eric Drexler. He suggested that if atoms were viewed like marbles then molecules would be tight collections of these marbles. These molecules became normal scaled tools like motors when snapped together. Despite the size of nanoscale, these tools operated in the same way as their large counterparts did. The moving parts of the nano machines were formed by atoms held together by the strength of their own bonds. Drexler had finally envisioned that these nano bots would be used as assemblers for the purpose of putting together atoms into any shape.

By applying this simple vision of molecule manufacturing to industries, Drexler claimed that coal can change into diamond and computer chips can be made from sand. By reorganizing the atoms that make these materials, the process will be considerably shortened and their valuable products would be produced at a faster speed. This was the reason nanotechnology was presented by Drexler as a scientific field that exclusively revolved around molecule manufacturing.

Mental_floss’ step-by-step guide to destroying civilization with nanotechnology. 3D animation created with motion capture technology.
Video Rating: 4 / 5

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