Blogger's Note: UPI's Charles Choi gives us another sneak preview into his latest Nano World column. -- Howard
Nanomagnets have not received anywhere near the attention of nanoelectronics or nanobiotechnology, but nanomagnets have a potential that makes them extraordinarily attractive. The global market for nanomagnetic devices and materials totaled roughly $4.3 billion in 2004, and could reach nearly $12 billion in 2009. The largest take of the cake by far lies in information storage, but the markets in biotech and industrial applications will grow by double-digit figures as well.