Report: Nanostorage devices could reach $65.7B by 2011

Aug. 18, 2004 – A new report predicts nanotechnology-based information storage devices will soon be ready to satisfy increasing demands for fast, cheap and high-capacity memory in consumer electronics.

“Nanostorage: The Impact of Nanotechnology on Memory, Disk Drives and Other Storage Devices — a Technology and Market Assessment for 2004-2011” predicts nanostorage technology will have penetrated nearly 40 percent of the disk drive and memory chip businesses by 2011. The report, published by NanoMarkets LC, forecasts a $65.7 billion market for such devices.

The report also said nanostorage — an umbrella term for many separate technologies, including MRAM, NRAM, and holographic and molecular memory — could be disruptive for the disk drive industry because it alters boundaries between disk drives and memory chips. The nano-based chips could be cheaper replacements for minidisk drives in portable devices, as well as potentially helpful to create devices such as portable HDTV players.


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