Top 16 Future Technologies: Impacting Industries Watch More With Spherical Insights
Govind Dhaigude
Digital Marketing | 8+ Years Experience | Market Research | Looking Change
Unlike emerging technologies that are currently being developed and adopted by industries, future technologies represent the next frontier. These nascent innovations are poised to significantly enhance business workflows, productivity, and worker safety over the next decade or more. So why should businesses focus on these cutting-edge developments that have yet to become mainstream? Tracking future technologies enables companies to anticipate changes, adapt their business models, and innovate ahead of market shifts. This proactive approach offers competitive advantages such as increased efficiency, the development of new products and services, and more.
In this report, explore 16 future technologies set to revolutionize over 40 industries. For instance, neuromorphic computing, which mimics the human brain's structure and functions, is designed to accelerate compute workloads, while advancements in nuclear fusion and battery technologies will boost clean energy adoption. We will delve into these technologies, highlighting significant advancements, financial forecasts, enabling technologies, and an emerging innovator in each field.
Key Takeaways
Top Future Tech Trends: Some notable future technologies include quantum and neuromorphic computing, generative AI, hyperautomation, voice-activated technology, and autonomous vehicles. Additional trends encompass nuclear fusion, battery technologies, synthetic biology, preventative medicine and well-being, climate tech, zero-latency connectivity, and space exploration, among others.
Future tech in Heavy Industries: Quantum computing and hyperautomation enhance production efficiency, while generative AI automates design processes for autonomous factories, real-time process optimization, and sustainable energy integration.
Future tech in Process Industries: Technologies such as neuromorphic computing, synthetic biology, and hyperautomation enhance product customization, facilitate the development of bio-based products, and enable automated quality control.
Future tech in Light Industries: Generative AI, hyperautomation, and battery technologies enable rapid prototyping, streamline production lines, enhance the safety of consumer products, and facilitate personalized consumer goods and automated logistics.
Future tech in Service Industries: Generative AI, voice-activated technology, and digital trust solutions improve customer interaction, service personalization, and data security, enabling personalized healthcare treatments, automated financial advising, and enhanced retail experiences.
2. Challenges and Ethical Considerations: Major challenges include compatibility issues with legacy systems and the expense of upgrades. Additionally, safeguarding data privacy and ensuring bias-free technologies are crucial.
Top 16 Future Technology Trends 2024 & More
1. Quantum Computing
Quantum computers leverage the principles of quantum mechanics to solve complex problems beyond the capabilities of classical computers, performing calculations at unprecedented speeds and accuracy. This technology enables companies in logistics, pharmaceuticals, and finance to significantly reduce data processing times and enhance decision-making. For instance, quantum algorithms can optimize routes and inventory levels in supply chain management, while cybersecurity teams can use quantum cryptography to implement unbreakable encryption.
Companies Covered: Accenture, Cambridge Quantum Computing, AWS, Fujitsu, Google, Huawei, 1QBIT, IBM, Microsoft, Rigetti Computing, Riverlane, D-Wave Systems, Zapata Computing, Honeywell, QC Ware
Financial Forecast:
Spherical Insights: The Global Quantum computing Market is expected to reach USD 143.44 Billion by 2032, at a CAGR of 26.5% during the forecast period 2022 to 2032.
2. Neuromorphic Computing
Neuromorphic computing mimics the neural structures and functions of the human brain, enabling it to handle complex, sensory-driven tasks more efficiently than traditional computing architectures. This technology offers significant advantages for businesses, especially in industries requiring adaptive learning and rapid data processing, such as robotics, autonomous systems, and real-time analytics.
Companies Covered: BrainChip Holdings Ltd., General Vision Inc., Qualcomm Technologies, Inc., HP Enterprise, Numenta, IBM Corporation, Intel Corporation, Samsung Electronics Ltd., Applied Brain Research Inc., Vicarious FPC, Inc., CEA-Leti, SK Hynix Inc., Hewlett Packard Company, HRL Laboratories, LLC, GrAI Matter Labs, Innatera Nanosystems B.V., Halo Neuroscience, and Flow Neuroscience AB.
Financial Forecast:
Spherical Insights: The Worldwide Neuromorphic Computing Market Size is expected to reach USD 8,275.9 Million by 2030.
3. Generative AI
Generative AI is transforming the way machines understand and create content by generating text, images, audio, and video with human-like qualities. Leading generative AI tools include ChatGPT-4 for content creation, Midjourney and Stable Diffusion for image generation, and GitHub Copilot for streamlining coding workflows. These tools use advanced algorithms to learn from existing data and produce new, unique content. This capability inspires innovative strategies for customer engagement, marketing, and product development.
Companies Covered: Preferred Networks, Abeja, Cinnamon, Ubie, Ascent Robotics, LeapMind, Stockmark, Studio Ousia, Heroz, Autify, Others, and more.
Financial Forecast
2032: Bloomberg Intelligence predicts a market value of USD 1.3 trillion, with a CAGR of 42%.
Spherical Insights: Japan Generative AI?Market Size is anticipated to exceed USD 23444.5 Million by 2033, Growing at a CAGR of 38.26 % from 2023 to 2033.
4. Hyperautomation
Advancements in robotics, intelligent process automation (IPA), and other autonomous systems are extending automation beyond routine tasks. Hyperautomation integrates AI, machine learning, and other technologies to optimize operations and create flexible business processes. This approach allows companies to automate entire workflows, including both operational and strategic tasks, leading to a more competitive, innovative, and resilient organization.
Key Companies: UiPath; Wipro Ltd.; Tata Consultancy Services Ltd.; Mitsubishi Electric Corp.; OneGlobe LLC; SolveXia; Appian; Automation Anywhere Inc.; Allerin Tech Pvt. Ltd.; PagerDuty, Inc.; Honeywell International Inc.
Financial Forecast:
The Global?Hyperautomation Market Size was valued at USD 32.79 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 15.95% from 2022 to 2030.
5. Voice-Activated Technology
This technology allows users to interact with systems using voice commands, enhancing the accessibility, intuitiveness, and efficiency of digital services. By leveraging artificial intelligence and natural language processing (NLP), voice technology enables hands-free operations for workers, boosting operational efficiency while offering a more natural and engaging interaction experience for customers. These systems are applicable in various industries, including retail, healthcare, automotive, and home automation.
Companies Covered: Amazon.com, Inc., Apple Inc., Google LLC, Microsoft Corporation, Alibaba Group Holding Limited, Baidu, Inc., Nuance Communications, Inc., Samsung Electronics Co., Ltd., Sony Electronics, Xiaomi Corporation, IBM Corporation, and other key companies.
Financial Forecast:
The Global Voice Assistant Market Size is Anticipated to Exceed USD 54.83 Billion by 2033, Growing at a CAGR of 30.49% from 2023 to 2033.
6. Autonomous Vehicles
Once viewed as a futuristic concept, autonomous driving systems now utilize advanced vision, AI, and machine learning to make self-driving vehicles a reality. These systems enhance road safety, improve mobility for the elderly and disabled, and alleviate traffic congestion. In the business sector, autonomous vehicles are transforming logistics and delivery services, providing a more efficient, cost-effective, and reliable method for transporting goods.
Companies Covered: Audi AG, BMW AG, Daimler AG, Ford Motor Company, General Motors Company, Google LLC, Honda Motor Co., Ltd., Nissan Motor Company, Tesla, Toyota Motor Corporation, Uber Technologies, Inc., Volvo Car Corporation, Volkswagen AG, Others, and Key venders.
Financial Forecast:
Spherical Insights the Global Autonomous Vehicles Market Size is anticipated to exceed USD 2,796.33 Billion by 2032, growing at a CAGR of 37.1% from 2022 to 2032.
7. Nuclear Fusion
Nuclear fusion is often hailed for its potential to deliver a virtually limitless supply of sustainable, clean, and secure energy. Unlike nuclear fission, which splits atoms, fusion combines light atomic nuclei, such as hydrogen, to form heavier nuclei. This process generates a substantial amount of energy with minimal radioactive waste and carbon emissions. By providing a scalable and stable energy source, nuclear fusion has the potential to bolster energy infrastructures and economies, supporting industrial and technological progress.
Companies Covered: A.L.M.T. Corp., BETEK GmbH & Co. KG, Buffalo Tungsten Inc., H.C. Starck Tungsten GmbH, Materion Corporation, GUANGDONG XIANGLU TUNGSTEN CO LTD, ATI Inc., CMOC, Chongyi ZhangYuan Tungsten Co. Ltd., NGK Metals, Ulba Metallurgical Plant, and other key companies.
Financial Forecast:
The Global Nuclear Fusion Market Size is expected to be worth around USD 843.46 billion by 2040 and it is growing at a healthy CAGR 6% during the forecast period from 2030 to 2040.
8. Battery Technologies
As the world shifts towards electric mobility and renewable energy, the demand for advanced battery technologies is growing. Innovations in battery technology enhance energy density and efficiency while focusing on cost reduction, safety, and environmental impact. These advancements significantly affect industries such as automotive, consumer electronics, and grid-scale energy storage. Additionally, improved battery storage solutions address the intermittent nature of renewable energy sources, providing a more stable and reliable energy supply.
Companies Covered: LG Chem (South Korea), Hitachi Ltd. (Japan), SAMSUNG SDI CO. LTD. (South Korea), GS Yuasa International Ltd. (Japan), Enersys (US), Panasonic Holdings Corporation (Japan), and Contemporary Amperex Technology Co., Ltd. (China), among others - total 25 players have been covered.
Financial Forecast:
The Global Battery Technology Market Size is expected to grow from USD 100.7 billion in 2024 to USD 140.6 billion by 2030, at a CAGR of 7.4%.
9. Synthetic Biology
Synthetic biology, which merges biology and engineering, is driving progress in environmental management, agriculture, and healthcare. This technology enables scientists and engineers to create new biological components, devices, and systems by redesigning organisms. Its applications include environmental remediation, sustainable production of chemicals and fuels, and disease treatment, among others. Each of these applications represents a significant commercial opportunity for developing new markets.
Companies Covered: Key players in the synthetic biology market are Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), Agilent Technologies (US), Novozymes (Denmark), Ginkgo Bioworks (US), Amyris (US), Precigen, Inc. (US), GenScript (China), Twist Bioscience (US), Synthetic Genomics (US), Codexis (US), Synthego (US), Creative Enzymes (US), and Eurofins Scientific (Luxembourg).
Financial Forecast:
The Global?Synthetic Biology Market Size was valued at USD?15.09 billion in 2024?and is expected to expand at a compound annual growth rate (CAGR) of 18.97% from 2023?to 2033.
10. Preventative Medicine & Wellbeing
Preventative medicine and well-being are gaining prominence in healthcare due to the rising burden of chronic diseases and escalating healthcare costs. This shift towards prevention allows healthcare professionals to detect health risks early, implement effective interventions, and promote long-term health. It also creates opportunities for developing new services and products, ranging from advanced diagnostic tools to comprehensive wellness programs.
Companies Covered: Novo Nordisk, Eli Lilly, Quanterix, Aetna Inc., Preventive Medical Health Care Co., LTD., Cancer Prevention Pharmaceuticals, Inc., Phoenix Medicine, American College of Preventive Medicine and USA, Preventive Medicine.
领英推荐
Financial Forecast:
The Global Preventive Vaccines Market Size value is expected to reach USD 101.22 Billion by 2033, | CAGR of 1.37%
11. Climate Tech
Climate technology encompasses a range of solutions aimed at mitigating the effects of climate change and addressing environmental challenges. This includes advancements in energy efficiency, carbon capture systems, regenerative agriculture, and more. With growing global awareness of environmental issues, businesses, governments, and consumers are increasingly prioritizing these solutions to promote a more sustainable future. In the business sector, adopting climate-positive technologies helps improve compliance with environmental regulations, reduce energy costs, and enhance operational efficiency.
Companies Covered: General Electric; IBM; Wolters Kluwer N.V.; Salesforce, Inc; Microsoft; Schneider Electric; ENGIE Impact; Intelex Technologies; Sensus; and ISOMETRIX
Financial Forecast:
Global Climate Tech Market was valued at more than USD 12.5 billion in 2021 and is expected to grow at a CAGR of around 24% from 2022-2028.
12. Zero Latency Connectivity
Zero-latency connectivity enables near-instantaneous data transmission, facilitating real-time communication and interaction. This technology is crucial in sectors where timing is critical, such as telemedicine, autonomous driving, virtual and augmented reality (AR/VR), and high-frequency trading. By enhancing digital interactions and supporting real-time decision-making, zero-latency connectivity solutions boost operational efficiency and improve customer satisfaction.
Companies Covered: AT&T (US), Broadcom (US), Cisco (US), DeepSig (US), Ericsson (Sweden), Fujitsu (Japan), Google (US), Huawei (China), InterDigital (US), Keysight (US), LG Corporation (South Korea), MediaTek (Taiwan), National Instrument Corp (US), NEC Corporation (Japan), Nokia (Finland), NTT DoCoMo (Japan), Orange (France), Qualcomm (US), Reliance Jio (India), Samsung (South Korea), SK Telecom (South Korea), Sony (Japan), T-Mobile (US), Verizon (US), China Mobile (China), ZTE (China).
13. Space Exploration
Space exploration, once the exclusive realm of government agencies, is experiencing a revival thanks to private-sector innovation and international collaboration. This new era leverages technological, economic, and scientific advancements to enhance efficiency and reduce the cost of space missions. Beyond making significant discoveries, space exploration drives advancements in industries on Earth, such as telecommunications, weather forecasting, and resource extraction, and opens up new markets.
Companies Covered: MAXAR Technologies Inc., Astrobotic, Ispace, Nanoracks LLC, Axelspace Corporation, NASA, SpaceX, Rocket Lab Ltd, Airbus Defense & Space, Moon Express, Roscosmos, Masten Space Systems, Blue Origin, Deep Space Industries, Thales Alenia Space, IHI AEROSPACE CO LTD., Planetary Resources, The Boeing Company, NEC Space Technologies, Astroscale Holdings Inc., Sierra Nevada Corporation, Northrop Grumman Corporation, Lockheed Martin Corporation, General Dynamics, Raytheon Technologies Corporation.
Financial Forecast:
Spherical Insights: The?Global Space Exploration Market?Size?is expected to reach USD 1879 Billion by 2032, at a CAGR of 16.21% during the forecast period 2022 to 2032.
14. Brain-Computer Interfaces
Brain-computer interfaces merge technology and neuroscience to facilitate direct communication between the human brain and external devices. This technology enhances cognitive functions, introduces novel forms of human-computer interaction (HCI), and helps restore lost functions for individuals with disabilities. With potential applications across healthcare, entertainment, military, and other fields, brain-computer interfaces offer transformative possibilities for numerous industries.
Companies Covered: Natus Medical Incorporated, g.tec medical engineering GmbH, Medtronic, Compumedics Neuroscan, Brain Products GmbH, Integra Lifesciences Corporation, Advanced Brain Monitoring, Inc., EMOTIV, NeuroSky, Interaxon, Inc., ANT Neuro, Neuroelectrics, Ripple Neuro, NIRx Medical Technologies, LLC, OpenBCI, CGX, A Cognionics Company, and Others.
Financial Forecast:
Spherical Insights: The Global Brain Computer Interface Market Size is Anticipated to Exceed USD 8.1 Billion by 2033, Growing at a CAGR of 13.92% from 2023 to 2033.
15. Digital Trust Technologies
Digital trust technologies are solutions designed to establish, maintain, and enhance trust in digital interactions. As businesses increasingly rely on digital platforms for communication, transactions, and data storage, ensuring the security and integrity of these interactions is crucial. Emerging cybersecurity systems bolster digital ecosystems by enhancing identity verification, data privacy, and monitoring for malicious activities. Companies that focus on digital trust build stronger relationships with their customers and reduce the risks associated with sensitive data breaches.
Companies Covered: IBM Corporation, Microsoft Corporation, NASDAQ, Oracle Corporation, Symantec Corporation, Thales Group, DigiCert, Inc., Entrust Datacard Corporation, Verizon Communications Inc., Trustwave Holdings, Inc., ForgeRock, Ping Identity Corporation, Cisco Systems, Inc., RSA Security LLC (a subsidiary of Dell Technologies), OneSpan Inc., Okta, Inc., Nok Labs, Inc., Signicat AS, and Jumio Corporation.
Financial Forecast:
Spherical Insights: Global Digital Trust Market size is expected to reach US$ 781.07 billion by 2030, CAGR of 14.2% from 2023 to 2030.
16. Nanotechnology
Nanotechnology involves manipulating matter at the atomic and molecular levels to create materials with enhanced properties, such as increased strength, flexibility, and electrical conductivity. This field of science and engineering has broad implications across industries, including healthcare, electronics, energy, and manufacturing. Nanotechnology offers significant opportunities for businesses to improve existing products, develop new innovations, and establish more efficient manufacturing processes.
Companies Covered: Fujitsu Limited, Bruker Corporation, Altairnano, Bayer AG, Thermo Fisher Scientific Inc., Kleindiek Nanotechnik GmbH, Infineon Technologies AG, eSpin Technologies, Inc., Nanonics Imaging Ltd., ANP CORPORATION, Biosensors International Group, Ltd., Imina Technologies SA, Advanced Nano Products Co., Ltd., Applied Nanotech, Inc., and Others
Financial Forecast:
Spherical Insights: The?Global Nanotechnology Market?Size?is expected to reach USD 74.1 Billion by 2032, at a CAGR of 34.5%
Impact of Future Technologies on 43 Industries Globally
Heavy Industries
Process Industries
Light Industries
Service Industries
Interdisciplinary Industries
About the Spherical Insights?& Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone:?+91 90289 24100 (APAC)
Email: [email protected], [email protected]
Contact Us: https://www.sphericalinsights.com/contact-us
Sales and Marketing
1 个月Brainchip leading the way in neuromorphic compute
#talk #marketresearch #hiring #researchassociate
3 个月looking more articles like this
Digital Marketing | 8+ Years Experience | Market Research | Looking Change
3 个月Good Described