Nanosensors use components like an analyte, sensor, transducer and detector to detect changes in electrical signals or other physical properties when molecules interact with sensor materials like carbon nanotubes or graphene. They can function as chemical or mechanical sensors and are used in applications such as pollution monitoring, medical diagnosis, MEMS devices, and more. Future applications of nanosensors include rapid COVID-19 detection and continued development in clinical diagnostics and other fields.