Several factors contribute to the competitive nature of nanotechnology: 1. Market Potential: The global market for nanotechnology is projected to reach trillions of dollars by 2030, driven by its applications in electronics, medicine, energy, and materials science. 2. Intellectual Property: Patents are crucial for securing a competitive edge. Organizations invest heavily in R&D to protect their innovations. 3. Interdisciplinary Nature: Nanotechnology requires expertise from various fields such as chemistry, physics, biology, and engineering, making it a melting pot of innovation.
