Nanotechnology can be applied to create sensors of minuscule size. The reduction in sensor size can result in lower materials cost, reduced weight, and lower power consumption, which are key factors driving opportunities for sensors in the marketplace. Nanosensors of highly reduced power consumption are very suitable for integration into wireless communications devices to enable widespread distributed monitoring and control. This report covers the key market drivers, restraints, challenges and trends for this exciting emerging market. It also offers forecasts and projected market share analysis.