Nanotechnology's Contribution to Automotive Industry to Shoot to 560% by 2015
In automotive development there is a high demand asking for use of nanotechnology which is beneficial for high efficiency and performance as well as in emission and safety norms. Nanotechnology is being used in automotive industry to reduce costs in making metallic paints, catalytic converters etc. In fact, the first automotive nanotechnology application, scratch resistant nano paint has been innovated by Daimler Chrysler, a leading automotive company in the world.
Nanotechnology has come to be integrated with developments in automotive sector owing to legal challenges in emission, recycling and safety. In a market research report, "The World Nanotechnology Market 2005" published by RNCOS it is said that the nanotechnology enabled automobile sector which has a 15% stake in the market would reach a high of 84% by 2015. Further it is believed that this stake in the automobile market is expected to be $7 billion.
Shell Hydrogen which has alliances with many automobile manufacturers in the development of nanotechnology based hydrogen cells based auto fuel has its CEO say that these developments was an important opportunity for customers, manufacturers and shareholders to benefit jointly.
System planners who experiment with alternative system configurations can with the help of modeling, design and construction tools predict future performance of those systems, assess their impacts and develop improvements in design in one integrated manner.
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