Wireless Charging, Energy Harvesting, Smart Pills and batteries for renewable electricity storage and electric vehicle batteries are some of the top 50 technologies and innovations identified by Frost & Sullivan in their recent research report titled, TechVision 2020.
TechVision 2020 is an annual research initiative of Frost & Sullivan's Technical Insights team. Its primary objective is to identify key technologies that will impact business in this decade.
"Intelligence on several emerging and disruptive technologies and innovations from around the globe was collected and numerous interviews were conducted with innovators and developers. Each technology is then rated and compared across many parameters such as global R&D foot print, Year of Impact, global IP patenting activity, private and government funding, current and emerging applications, and current and potential adoption rate," says Rajiv Kumar, Partner at Frost & Sullivan.
He adds,"Finally, the list was condensed to the Top 50 technologies which we believe have the maximum potential for wide-scale launch and mass commercialization."
The selected technologies are spread across nine Technology Clusters which represent the bulk of Research & Development (R&D) and innovation activity today.
For instance, in the Clean & Green Technology space, one of the hottest trends currently, the advancement in battery technologies for renewable electricity storage and electric vehicle batteries will increase the adoption of zero-emission power generation and automobiles.
Also, the need for increasing mobility has given rise to technologies in the Microelectronics and Information & Communication Technology clusters such as wireless charging and cloud computing.
"With wireless charging, consumers will no longer have to depend on wired chargers to juice-up their mobile phones, tablets and cameras. The technology involves a metal plate, which will charge the device wirelessly, and will be deployed in public places such as airports, cafes, and restaurants," says Kumar.
Likewise, flexible electronics will completely revolutionize our perspective on devices. "Imagine a personal electronics device, which is completely flexible – can be rolled, twisted and does not get damaged; could also have capabilities such as being scratch resistant, hydrophobic, dust repellant etc. – wouldn't that be amazing. It would have applications in multiple sectors such as consumer electronics, healthcare, military, logistics, gaming in the coming years," he says.
In the Life Sciences and Biotechnology cluster, the trend to have personal genome sequencing is catching up. Each individual will have their own DNA sequence analyzed and medical treatment will be personalized for that individual. Future applications will include the best cosmetics to use, the type of food that will provide the best nutrition, which environmental triggers to avoid, and more.
While each Technology Cluster is an independent domain demonstrating excellence in Global R&D and innovation, all clusters are virtually interlocked. The vast arrays of current and future applications of these dynamic technologies are interdependent and overlapping. These technologies are rapidly evolving and form a vortex of innovation driving new concepts, products, and services.
The TechVision 2020 report showcases each selected Technology and offers insights on:
• Technology Maturity and Adoption Ratings;
• Year of Impact;
• Global Patent Landscape;
• Global Technology Development and Adoption Footprint;
• Private and Government Funding Trends;
• Key Stakeholders and Promoters;
• Technology Roadmap;
• Applications Roadmap.
If you are interested in more information on the TechVision 2020 report, please send an email to david.hymers[.]frost.com, or call 61 2 8247 8909
About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.