If you listen closely you can hear slow fade out of the funeral bells announcing America’s decline. The growth of nanotechnology—a vital piece of varied industries like aerospace and medicine—may just be centered on American soil. Reuters reports via Yahoo News:
Inventors based in the United States led the world in nanotechnology patent applications and grants in 2012, according to a new study by law firm McDermott Will & Emery. [...]
Nanotechnology patents come into play in everything from aerospace to medicine to energy, the study noted. For example, the technology can be used to incorporate antibacterial material into wound dressings, to increase the strength of car parts while decreasing their weight, and to enhance paint colors. [...]
U.S.-based inventors accounted for 54 percent of the nanotechnology patent applications and grants reviewed in the study, followed by South Korea with 7.8 percent, Japan with 7.1 percent, Germany with 6.2 percent and China with 4.9 percent.
The market fueled by nanotech products is slated to be worth anywhere from $500 billion to $3 trillion by 2015, and judging by its striking lead in patents, the U.S. will have a very nice chunk of that pie.
America has always maintained its edge by embracing new technologies and employing them to move forward. Nanotech is one of those fields where the U.S. is on the cutting edge, and this new technology will renew the economy in many ways.
3D printers, driverless cars, nanotech: the 21st century looks to be even more different from the 20th century than the 20th was from the 19th. American politics and institutions are going to change much more rapidly than most pundits and politicos can yet understand.
[Image courtesy of shutterstock.com]