Nanoelectromechanical Systems are miniaturized elements of integrated electric and mechanical features with dimensions approaching one nanometer. Used in sensor, actuator and communicational appliances, the unique mechanical properties of nanomaterials employed allow maximize precision and high sensitivity.

The market under consideration is the Nanoscale Chemicals and Materials Market which implies the field of chemicals and materials production and usage on a nanoscale, frequently measuring from one to one hundred nanometers. Such materials have enhanced properties compared to their bulk counterparts and to have potential uses in electronics, pharmaceuticals, energy and the environment. It involves nanoparticle, nanotubes, nanocomposites and other nanostructures are used as a result of their high performance and activities within the market.