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In 2007, the nanotechnology market size was divided into the following areas: Chemicals 53%; semiconductors 34%; aerospace & defense 3%; pharmaceuticals & healthcare 2%; Automotive 1%; Electronics 2% and Conglomerate 1% and Unspecified 4%. The dollar amounts these percentages represent were, however, of very-wide disparity depending upon who was providing the figures. A review of many market estimates through Internet research discloses an even wider range of dollar estimates and commentaries as to how exaggerated many are.

Owing to the tremendous scarcity of space in today's residential and office places, there have been interesting measures to cut costs as regards space consumption in these places. There have been rising costs of spaces and this has led to the bottom lines of the companies being adversely affected. It is in this race for saving valuable office space that the different people in different countries of the world are on a constant lookout for saving space, even if it means spending lots on the research and development of these new devices which save space.

There is no doubt whatsoever that nanotechnology in medicine holds out significant promise since ill health and disease are primarily the result of damage at the molecular and cellular level. Here, current medical tools have little application simply because they are far too large to use in medical applications between 1 and 100 nanometers.

There has been a great increase in the different forms of technology over the ages and there have been a number of different technologies that have come up in recent times. There have bee also a great number of technologies that have failed to make the cut. These technologies have nore often than not vanished in the stage of development itself and they have not survived to see the dawn of commercial production. Technology has been advancing. Technology, over the years also has been becoming smaller. Smaller is better is the new slogan and there have been a number of different companies latching up to the smaller is better slogan.