TOP 50 EMERGING TECHNOLOGIES Growth …info.frost.com/TV_Top50technologies_sample.pdf · 2016-09-21 · TOP 50 EMERGING TECHNOLOGIES ... North America and Europe Considered as Lucrative

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TOP 50 EMERGING TECHNOLOGIESGrowth Opportunities of Strategic Imperative

1

Top 50 Technologies – Table of Contents

2

Table of Contents

Executive Summary

Current Key Trends

Preface

Methodology

Global Top 50 Technologies

Trend Analysis of the top 50 technologies

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Advanced Manufacturing and Automation Technology Cluster -

Table of Contents

Advanced Manufacturing and Automation Technology Cluster

Current Key Trends

Additive Manufacturing

Additive Manufacturing is Destined to Penetrate Traditional Technologies

The European Region is Developing this Technology to Cater to Specific Application in the Automotive Sector.

The Impact of Faster and Rapid Manufacturing Process is High Across Various Major Sectors.

Additive Manufacturing is Destined to Disrupt Traditional Manufacturing Technologies

New Business Models has Open Doors for Many Companies to Enter the Additive Manufacturing Market

Important Questions to Ponder

Digital Manufacturing

A Digitalized Future can be Foreseen for the Manufacturing Industry

With Smart Manufacturing and Industry 4.0 Trends Increasing, The Patent Activity is Expected to Increase

Key Sectors Across the Globe are Preparing for Digital Expansion

The Raise of Digital Manufacturing will Penetrate Across Several Mega Trends

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Table of Contents

Major Players Who have Placed Big Beats on Digital Manufacturing Technologies

Important Questions to Ponder

Collaborative industrial robots

Steady Market Growth Driven by Cobots Replacing Humans to Perform Repetitive Tasks

America is Investing on Product Development While Europe is Focused on Technology Development

Safety and versatility : A Hallmark of Cobots

Cobots are progressively thinning the gap between human and robot collaboration

Enhanced Collaboration with Humans is the Key for Market Penetration

Key Questions For Strategy

Robotic Exoskeletons

Robotic exoskeletons : The “Iron-man” technology is here

USA is spearheading in innovations

Increasing human capabilities increases productivity

Spending is increasing in USA and Europe

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Table of Contents

Companies that are Set Out to Make a Difference


Agile Robots

Agile robotics market to hold a significant share in industrial robots market by 2022

USA Agile robot market is growing, indicates IP and funding trends

Automotive industry presents more opportunities for agile robots

Agile Robots are progressively thinning the gap between human and robot collaboration

Companies to Watch Out


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Chemicals and Advanced Materials Technology Cluster – Table of

Contents

Need For Multifunctional, Smart And Environmentally Safe Chemicals And Materials Are Expected To Dominate

Through 2016

Top Technologies Focus on Addressing Specific Requirements of Individual Industries

Top Technologies in Chemicals and Advanced Materials

Bio-based Materials

Emergence of Bio-based Economy Aiding Development of High Performance Renewable Materials

Private And Public Funding Boost Commercialization Efforts in Consumer Goods and Building &

Construction Industries

Diverse Portfolio of Innovative Materials Impact a Wide Array of Industries

R&D Focus Towards Scalability Facilitate Wide Scale Commercialization

North America and Europe Considered as Lucrative Markets for Bioplastics and Biocomposites

Key Questions for Strategy

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Table of Contents

Graphene

Scalability and Commercialization Initiatives Boosting Market Adoption

Mix Of Government And Private Funding Seen Across the World with China Emerging as Research Hotspot

Diverse Forms and Tunable Properties Makes Graphene a Popular Material in Various Industries

USA and China lead the Way as Largest Graphene Producers

Electronics Industry Is Most Lucrative Industry For The Next 3 Years


Lightweight Materials

Lightweighting Trend Creating Demand for Advanced Materials with High Strength

North America Lead In IP Activity While Significant R&D Funding Exists Globally

Expansive List Of Industries Facilitate High Adoption Of Lightweight Materials In The Next Three Years

Global Adoption Rate Accelerated by Demand for Emissions Reduction and High Performance Materials

Electronics and Building & Construction Industries Gaining Traction


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Table of Contents

Nanocoatings

Building & Construction and Medical Devices Emerging as High Growth Markets

Multi Substrate Compatibility Of Coatings Driving Adoption

Extensive Funding Activities To Improve Coating Efficacy and Safety

USA Leads In Technology Adoption While China Seen Attractive For Coating Developers

Consumer Perception about Safety Concerns Can Reduce Impact in Short Term


Self-healing Materials

Need for Materials with Increased Lifespan and Durability

Mix of Private and Public Funding With Improving Performance and Durability as Key Focus Areas

Paints & Coatings And Construction Markets To Be Highly Impacted In The Next Five Years

USA is leading in Technology Adoption while UK and China are Accelerating R&D Efforts

Highly Disruptive Technology with Wide Application Potential


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Table of Contents

Smart Packaging

Food & Beverage, Personal Care and Pharma Industries Rank High in Adoption

Asia Pacific Region Emerging as a High Growth Market for Healthcare and Pharma Applications

Indication And Detection Remain as Primary Functionalities

Asia Pacific Region Emerging as a High Growth Market for Healthcare and Pharma Applications

Smart Packaging To Replace Traditional Systems Creating Newer Business Models


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Environment and Sustainability Technology Cluster -

Table of Contents

Environment and Sustainability Technology Cluster

Executive Summary

Key Findings

Overlapping Solutions Addressing Environmental and Sustainability Concerns Increase Probability of Success in Sustaining Life on

Earth

Micro Irrigation

Markets are Growing Rapidly Globally As Emphasis on Sustainable Agriculture Increases.

USA Leads in Patent Filing. Developing Countries Benefit Mainly From Generous Government Funding for Sustainable

Agriculture.

Micro Irrigation Positively Impacts Agriculture and Food Production, While Preserving the Environment.

The Step-changing Technology Has High Levels of Adoption Globally, Especially in Asia Pacific and the Middle East.

Innovative Systems Have been Devised to Meet the Various Needs of the Farming Community.

Micro Irrigation Using Drip Application Has High Potential for Larger Adoption Especially in Asia Pacific and the Middle East.

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Table of Contents

Off-grid Desalination

Markets are Growing Rapidly as Water and Energy Stresses Loom Large.

USA Filed the Most Patents. Funding by Governments and Global Organizations Drives Adoption, Especially in Emerging

Economies.

The Technology Has High Positive Impact on Agriculture and Food Production, the Environment and the ‘Energy & Utilities’

Sector.

The Step-changing Technology Will See the Highest Rate of Adoption in the MENA Region.

Most of the Off-grid Desalination Innovations Utilize Solar Power.

Large-scale Solar PV Off-grid Desalination Systems Will be the Emerging Trend. The Middle East Will See the Highest Growth.

Precision Agriculture

Market Growth, Fueled By Environmental and Economic Concerns, is Set to Digitize the Farming Industry.

North America Leads Technologically, but Asia Pacific Has the Most Inventions. Venture Capitalists are the Main Funders.

The Disruptive Technology’s Influence on Six Sectors of Economic Impact is Game-changing. It Will Realize Four Mega Trends.

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Table of Contents

North America Leads in Technology Development and Adoption. Asia Pacific and Latin America are Fast-growing Markets.

Data Management and Processing are Key to Maximizing Profits While Preserving Environmental Sustainability Through

Precision Agriculture.

Precision Agriculture Has Shown Positive Results and Has Good Potential Even for Smallholdings and the Farmer.

Waste-to-Energy

Its Steady Growth is Expected to Continue for the Next Five Years. Growth for the Biogas Liquefaction Segment will be High.

USA Leads in Patent Filing. Government Funding is Spearheading WtE Development and Deployment Globally, Especially in the

USA and Europe.

The Technologies Impact on Six Sectors, Especially in Terms of Fuel Production and Waste Management.

The Step-changing Technology Will be Adopted Globally and Help Realize Four Mega Trends.

Most of the Waste-to-Energy Innovations are in Thermal Technologies.

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Table of Contents

High Growth for WtE is Expected in the Agricultural and Municipal Sectors. Plasma Gasification is an Emerging WtE

Technology.

Wastewater Membrane Filtration

The Highest Growth Opportunities Will be Seen in Industrial Wastewater Treatment, Driven Mainly by Wastewater Reuse

and Resource Recovery

Asia Pacific Leads in Intellectual Property but Lacks in Public Funding Provisions

Stepwise Technological Advancements Has Enabled More Significant Impacts on Other Sectors

Increased Adoption is Expected in All Regions of the World as Water Scarcity Becomes a Bigger Threat

Innovations With Improved Performance Increase Overall Energy Efficiency, Reduce Costs and Offers Operational

Flexibility

Cost is the Key Enabler to Address Social Challenges Due to Climate Change Especially in Emerging Economies

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Energy and Utilities - Table of Contents

Low Crude Oil Prices are Expected to Continue through 2016, with Renewable Energy and Energy Efficiency Maintaining Investor

Interest

In 2016, the Top 5 Technologies in the Energy & Utilities Cluster are Lithium Batteries, Home Energy Management Systems, Tight Oil

Extraction, Waste Heat Recovery and Microgrids

Lithium Batteries

Diversity in Business Ecosystem leads to Multi-Billion Opportunity

IP and Funding Dominated by Key Companies

Automotive, Consumer Electronics and Utilities are Main Sectors Impacted

Highly Disruptive Technology that is Impacting all Regions

United States and Europe have become Centers of Innovation for Advanced Lithium Battery Chemistries


Home Energy Management Systems (HEMS)

New Business Models Are Required to Enable Cost-Effective HEMS

Installation of HEMS Boosted by Government Incentives

ICT and HEMS have a Symbiotic Relationship with Each Other

North America is the Prime Market for HEMS, with Europe and Asia Viewed as Growing Markets

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Table of Contents

Innovative HEMS Companies is Personalizing and Humanizing Energy Data


Tight Oil Extraction

Slow Market Growth for Tight Oil Extraction despite Multi-Billion Opportunity

Companies Resort to Alternative Funding to Keep Projects Running

Highest Impact is seen in Sectors Utilizing Natural Gas

Highly Disruptive Technology but only Concentrated in North America

United States is the Center of Innovation


Waste Heat Recovery

Multi-Billion Dollar Opportunity in Automotive Sector for Waste Heat Recovery

Government is the Biggest Funder for Waste Heat Recovery

WHR is Impacting Energy Intensive Manufacturing Segments the Most

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Table of Contents

China and India is the Untapped Market for Waste Heat Recovery

WHR’s Start-ups Are Concentrated in North America


Microgrid

Efficient Energy Management Systems Allows Wider Adoption of Microgrid

Innovative Financing System Drives Installation of Microgrids

Microgrids have Changed the Energy Generation Landscape of Third World Countries

North America is the Global Leader in Terms of Stakeholders and Investments

Innovative Companies are focusing on Integration


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Better Outcomes in Healthcare through Innovation

Biosimilars

Biosimilars is poised for a steady and long term growth

Patenting in biosimilars is largely focused on bio manufacturing capabilities

Production of biosimilars is long and complex

Stakeholders are playing a vital role in the future of biosimilar adoption

European regulatory legislations most convenient for biosimilar developers

Europe leads with the highest number of approved biosimilars

Points to consider before making a strategic decision

Health and Wellness Technology Cluster -

Table of Contents

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Cancer Screening

Early detection and better treatments possible due to cancer screening

United states leads in cancer screening innovations

Increase in funding towards liquid biopsy

Next generation sequencing is a major enabling technology for liquid biopsy

Novel screening techniques will have an impact across the healthcare value chain

Higher adoption rates witnessed in developed economies


Molecular Scissors

Agbio, human therapeutics, R&D and industrial applications impacted by molecular scissors

Nucleases used in genome editing have varying technical capabilities

Steady growth in patent filing related to genome editing

Crisp patent battle will impact the gene editing market

Table of Contents

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High series funding from venture capitals for genome editing innovators

Human therapeutics is a major application area for genome editing

North America and Europe are dominating genome editing marketplace


Next-Generation Stem Cells

Success in next-gen stem cells demands a impeccable interaction among stakeholders

The advent of cell reprogramming has reshaped stem cells IP landscape

Clinical trials and stem cell banking services are spectacularly driving the market

Strong governmental support and international collaboration driving science

Next-gen stem cell technology is impacting the industry at all decision levels

Table of Contents

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From different angles every region is playing its role in the stem cells market

Clinical translation as a major concern for all science driven establishments

Key strategic questions for business development and large-scale adoption

Therapeutic Antibodies

Therapeutic antibodies paving the way of the precision medicine era

An unprecedented search for access to the latest advances in monoclonal antibodies

Top three patent holders concentrate a third of total publications

Private investors and funding organizations heavily focused on antibody therapy

Immuno-oncology leading principal deals in antibody therapeutics

Unprecedented race to reach the market in the first place

Table of Contents

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Strong focus on clinical translation evidenced through companies creation

Key strategic questions for business development and large-scale adoption

3D Scaffolds

3D Scaffolds a major driver for the growth of 3D cell culture tools

US Leads Innovation Landscape with Highest Patent Applications

NIAMS is a major funding proponent for the development

Functional Characteristics of 3D Scaffolds Impact Tissue Engineering

Key stakeholders are currently focusing on the potential their products have for in vitro laboratory

applications

Europe Leads All Region with Highest Adoption

Key questions for strategic planning

Table of Contents

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Information and Communication Technology Cluster - Table of

Contents

Technology Trends Analysis 2016

Artificial Intelligence (AI)

AI Market Growing Rapidly; Recent Breakthroughs Playing Catalytic Roles

Government Funding On The Rise Along With Venture Capital; Microsoft Tops Patent Holders’ List

AI To Have Maximum Impact On ICT, Automotive, Robotics, And Consumer Electronics Sectors

AI Has A High Disruptive Index; US Has Highest Adoption Levels

Startups Focusing On Sub Segments Like Deep Learning, Machine Learning, And Neural Networks

Key Questions Pertinent To AI Technology

Cognitive Computing

Cognitive Computing Applications Experiencing Exponential Growth

Maximum Funds Coming From Venture Funding; IP Strength Of APAC Countries Growing Consistently

Cognitive Computing To Have Maximum Impact On Healthcare And ICT

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Table of Contents

Cognitive Computing Has A High Disruptive Index, North America Experiences Major Adoption Trends

Focus Shifting Toward Cognitive Computing For Mobiles

Key Questions Pertinent To Cognitive Computing Technology

Cyber Security

Increasing Concerns Over Protection Of Critical National Infrastructure Is Primarily Driving Growth

Investment And R&D Place North America At The Forefront

Information Technology And Defense Are The Two Major Sectors Leveraging Advanced Cyber Security Technologies At Present

Europe’s R&D Cluster Is Playing A Significant Role In Adoption

Technology Innovation Is The Key Strategy For Market Penetration

Key Questions Pertinent To Cyber Security Technology

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Table of Contents

Mixed Reality

Business Models Aligned To Meet Challenges In The Industry Will Boost Sales

Venture Funding Primarily Driving Innovations Across The Globe

Gaming, Entertainment, And Education Will Experience Maximum Impact From Mixed Reality

Mixed Reality Will Rapidly Penetrate North American And Asian Countries

Technology Licensing Is The Key Strategy For Expansion In Mixed Reality

Key Questions Pertinent To Mixed Reality Technology

Predictive Analytics

The Predictive Analytics Market Is Growing Steadily And Supporting Business Decision Making

Venture And Government Funding Rising; USPTO Has Granted Maximum Patents In The Last 3 Years

Predictive Analytics Has Maximum Impact On ICT, Retail, And Financial Sectors

Predictive Analytics Has A High Disruptive Index And Adoption Is Increasing Steadily In Emerging Economies

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Table of Contents

Innovators Focusing More On IoT, Mobile BI, And Retail Applications

Key Questions Pertinent To Predictive Analytics Technology

Software-Defined Anything (SDX)

Software-defined Anything Market Disrupting Computation Hardware Market And Impacting Future Business Models

Partnerships And Funding Driving Industry Growth

Banking & Finance And Retail Will Experience Maximum Benefits

Software-defined Anything Shows Adoption Potential In North America And Asia

Software-defined Anything Revolutionizing The Future Of Standalone Software

Key Questions Pertinent To Sdx

XaaS (Everything-as-a-Service)

Innovative Business Models From Start-ups Boosting Market Potential

North America Is Leading In Technology Development And Initiatives

ICT, Automotive And Healthcare Sectors Are Experiencing Rapid Transformation

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Table of Contents

Xaas Has A High Disruptive Index, North America Primarily Is Leading In Implementation

Acquisition And Technology Licensing Are Key Strategies For Expansion

Key Questions Pertinent To Xaas Technology

5G

5G Is Developing Rapidly, Disrupting The Mature Wireless Technology Markets

South Korea Leads In IP; High Funding Pouring In From Government And Venture Capitalists

Telecommunication And Information Technology Industry Will Benefit From 5G Implementation

5G Has A High Disruptive Index, Will Transform Industries Globally

5G Service Providers Revolutionizing The Communication Industry

Key Questions Pertinent To 5G Technology

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Medical Devices and Imaging Technology Cluster - Table of Contents

Unprecedented Funding and Cross-industry Collaborations Spur MedTech Innovations

Optical Coherence Tomography

OCT Imaging Poised for Sustained, Long-term Growth

Ophthalmology Accounts for Bulk of OCT Innovations

Europe Leads the way in Consortia-based Research

OCT Ranks High in Patient-Friendliness, RoI

OCT to Benefit Security, Measurement, and Biometrics

Ageing population and need for portability fuel adoption

Points to Consider Before Making a Strategic Decision

Neuroprosthetics

Neuroprosthetics Gains Where Surgery Fails

US and Australia Lead Neuroprosthetics Innovation

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Table of Contents

VC, PE Funding Props Up an R&D-Intense Market

Biocompatibility, Miniaturization Key to Neuroprosthetics’ Success

Emerging Markets Will be Key Frontier to Cross In the Long-Term

Visual, Auditory Bionics Companies Overshadow Others


X-Eluting Stents

XES Capitalizing on the Decline in BMS Market Share

Sustained IP Filing Indicates Vibrant R&D Activity in DES Market

Companies’ Internal R&D Budgets Replace Private Funding in Mature DES Market

3-D Printing and Advanced Manufacturing Set to Revolutionize Stent Market

XES Greatly Benefits from Cross-Industry Collaboration

Emerging markets will play key role in XES growth


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Table of Contents

Smart Pills

Smart Pills Have Implications for Imaging, Drug Delivery, and Surgery

Digital Health, Sensors and Imaging Give Unique Flavor to Smart Pills Innovation

Private Funding Compensates for Limited Public Funding

Smart Pills to Disrupt Conventional Imaging Approaches

Capsule Endoscopes Have a Global Innovation Base


Nuclear Imaging

Nuclear Imaging Outlook Unfazed by Risk Scares

Three Companies Dominate the IP Landscape

Sustained private funding fuels R&D activities

Green Shoots Visible for Nuclear Imaging in Emerging Markets

Small companies thrive despite consolidation


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Microelectronics Technology Cluster - Table of Contents

Industry Snapshot

Top Technologies in Microelectronics

OLED Lighting

Cost Reduction of OLED Panel will Open Opportunities for Home Lighting

Cost and Power Consumption Aspects Attract Government Funding

Decorative Lighting will be the First to Capture the Market

Europe is Geared Towards Building a Strong Supply Chain


Key Strategy Viewpoints for investors

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Table of Contents

Rapid Charging

Smartphones Segment is Driving the Market

APAC is leading the R&D Activities showcasing interest in Consumer Electronics Segment

Unique Consumer Expectations will drive Smartphone and Automotive Verticals

Japan, Taiwan, and South Korea will Showcase Strong Market Demand


Key Questions for Strategic Decision Making

Silicon Carbide Electronics

Rapidly Growing Market with high Capabilities and widespread commercial adoption

Government Support will drive innovations and play a key role in setting new standards for power saving

Demand for High Density Power will Drive Transportation and Power Verticals

APAC Strong Research Activities promises better material to improve the efficiency and performance

Companies to Watch


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Table of Contents

Transparent Electronics

Market to Grow Exponentially due to the Advancements in Transparent Displays

APAC Leads in IP filing, Emerging as Key R&D Hub

Retail and Hospitality Sectors to Benefit Most

Pioneering Developments Emerging from the APAC Region


Key Questions for Strategic Decision Making

Wearables

Market Experiencing Exponential Growth While Disrupting Traditional Industries

Steep Rise in Intellectual Property Filing Confirms R&D Focus

Healthcare and Consumer Electronics Sector to have a High Impact

High Disruptive Capability Transforming Industries Globally

Companies to Watch


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Sensors & Instrumentation Technology Cluster -

Table of Contents

Sensors & Instrumentation Technology Cluster

Trends

Commercial Drones

Regulations Hold the Key For High Market Potential and Emerging Business Models Using Drones

China Emerging as a Hotspot for Drones with Local Companies Strengthening IP Portfolio

Drones to Impact both Consumer and Enterprise Sectors

North America Continues to Lead the Market, China has the Potential for Higher Market Share



Terahertz Sensing

Terahertz Sensing Market to Pick Up Pace in Next 5 Years

Increased Focus on Terahertz Generation and Detection Technologies

Non Destructive Testing and Security Scanning Emerging as Key Applications

Japan and China Emerging as Key Technology Developers



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Table of Contents

Smart Haptics

Smartphones and Tablets will Drive the Haptics Market

Universities and Corporation Strategic Partnership will help Haptics to evolve for multiple applications

Smart Phones have Proved to be the High-volume Market for Touch Screens in Terms of Unit Shipments

Massive Advancement and Adoption by Consumer Electronics Industry

Universities Spin off with innovative solution is gaining traction in Industry


Next Generation RTLS

Market is Fragmented and Growing Rapidly

Investment by Governments will lead to increased awareness and adoption in emerging economies

Technology Innovation and Declining Prices is driving Government and Healthcare Sector

Majority of participants are headquartered in the US and plays crucial role in shaping the industry

Convergence of various technologies will offer high growth opportunities


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Table of Contents

Biosensors

Point of Care and Home Diagnosis Key Segments in the Multi-Billion Dollar Market

Increased R&D Initiatives from Consumer Electronics Majors

Increasing Adoption Potential Beyond Healthcare Applications

APAC Countries Pose Increased Market Opportunity

Companies and University Innovations to Watch Out For


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Wearables

2

Established watchmakers and accessories

developers to target promising wearable

start-ups for M&As. This is primarily to

integrate features of smart

watches/fitness bands into traditional

watches

Market Experiencing Exponential Growth While Disrupting Traditional

Industries

Cumulative Market Size (2016-2020) o Apple Inc, USA

o Samsung Electronics, South Korea

o Xiaomi, China

o Circet, France

o Magic Leap, USA

o Thalmic Labs, USA

The market for wearables technology has witnessed

rapid growth in recent years. There is a healthy mix of

start-ups, and established companies that are aiming to

get a fair share of a multi-billion dollar opportunity.

o Apart from being self-disrupting,*

wearables are going to disrupt

others such as traditional

watchmaking and accessories

markets.

*For instance, smart watches to eat

into fitness trackers

o Prominence of online sales channels

will spur growth of wearables

o Insurance companies to use wearable

data to determine premiums and offer

benefits

o Multi-functional wearables

to become a key success

factor for consumer

applications

o Accuracy and non-

invasiveness are intended

for healthcare applications

o Long battery life and

robustness are critical for

industrial use

Fossil Acquires Misfit

Wearables can

disrupt

Factors Critical for

your Target Industry

Companies to Bet on

Business Models to think of

M&As will be prominent for

growth and survival

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Steep Rise in Intellectual Property Filing Confirms R&D Focus

VC funding to remain a key

contributor to the emergence of a

fresh host of start-ups

Wearables is a hot area for

government funding. Various EU

projects are underway targeting

diverse applications

Crowdfunding is emerging as a key

source of funding for small startups

that are introducing innovative

wearable products.

Crowdfunding enables startups to

gather initial product feedback and

market interest, and ideally follow

with VC funding.

1997

o Number of patents filed by top patent assignee Samsung Electronics,

o This is closely followed by Apple Inc. (1666) and Nokia (1325).

o Google, Qualcomm, and Intel are also actively pursuing IP in this area.

USA

19762

9097 Top Assignees From the Region:

o Apple Inc

o Google Inc

o Qualcomm Inc

EU

127

577

Top Assignees :

Nokia Corp (Microsoft acquired Nokia’s

devices and services division in 2014)

APA

C Top Assignees :

Samsung Electronics

LG Electronics

Sony Corp. 813

58

Published Granted

211% Growth in the number of patents filed in 2015 as compared to 2013,

marking intense R&D activities in wearables. Patent infringement cases are

also prominent, notably between Jawbone and Fitbit

US $793.5

Million

Series C funding round received by

Magic Leap, USA, in February 2016.

Investors include Alibaba Group,

Google Inc., Qualcomm Inc., Warner

Bros., and others.

Source: Frost & Sullivan/Lens.org

Patents search range: 2012-2015

IP Landscape (2012-2015)

4

Healthcare and Consumer Electronics Sectors to Have a High Impact

o Fitness trackers

o Smart watches

o Smart glasses

o Game/device controllers

o Remote patient

monitoring

o Health monitoring

Healthcare Consumer

Electronics

Sports

o Athletic training

o Health and performance

monitoring

Wearables allow more efficient remote

and continuous monitoring of patients.

Even in healthcare facilities, the use of

wearables will allow patients to have

greater mobility and less discomfort.

Smart watches are expected to be the dominant

platform in consumer electronics. Smart jewelry is

an emerging field where traditional jewelry will

converge with wearable electronics technology

The sports industry is rapidly absorbing

advanced technologies for both training and

monitoring of athletes. Key sports where

wearables are expected to make huge

inroads include golf, swimming, athletics,

cycling, motorsport, and impact sports.

Application-specific Product Development is ensuring final products meet user needs specific to the sector

o Smart watches/glasses for

enhanced driver experience

o Alerts and navigation

o Maintenance assistance

o Military

o Law enforcement

o First responders

Homeland Security Automotive Industrial

o Personnel

safety

o Maintenance

assistance

Wearable technology is expected to play

a pivotal role in future product

development for military, law

enforcement, and first responder

applications. This is primarily due to

health and safety concerns of personnel,

as well as for collecting evidence.

Wearables, especially smart watches, will be a

key accessory promoted by automotive

OEMs. User Interface needs to be highly user-

friendly. Uptake will depend largely on the

reception of initial product launches.

In addition to monitoring

body parameters, wearables

will also be used to monitor

the environment of

personnel. This technology

greatly enhances industrial

safety and is expected to be

adopted extensively in the

medium- to long-term.

Impact Indicator: (2016-2020)

High Medium Low

5

High Disruptive Capability Transforming Industries Globally

Smart is the

New Green

Social Trends:

Gen Y, Middle

Bulge

Connectivity and

Convergence

Bricks and Clicks New Business

Models: Value

for Many

Health, Wellness

and Well Being

Disruptive Index

9/10 TechVision analysis provides a high score to Wearables for its disruptiveness. This signifies that wearable technology is

bringing in ‘Game Changing’ innovation across sectors of economic activity. Wearables are disrupting traditional

watchmaking and jewelry industries as well as monitoring and fitness tracking.

6 Wearables are impacting multiple

megatrends, which is a key factor for the

high rate of adoption of the technology

o North America is leading in

terms of wearable electronics

product shipments and market

revenues.

o Major consumer electronics and

IT companies such as Apple,

Google, Intel, Microsoft, and

Qualcomm have invested heavily

in technology development.

o In Europe, Germany and UK are leading the

wearable electronics market.

o The European wearables market is currently

growing at a lower rate when compared to the

other regions.

o EU funds various collaborative projects

involving academia and industry participants,

exploring next generation technologies and

applications.

o APAC is one of the fastest growing regions in

the adoption of wearable electronics.

o China can be expected to lead the countries in

the Asia Pacific region in the development of

wearable electronics.

o With various consumer electronics OEMs

based out of the Asia Pacific region, such as

Samsung, LG, Sony, Xiaomi; new products

with next generation capabilities can be

expected to be developed in the near term.

Most Lucrative

Market

Considerable

Collaborative

Efforts

Growing Market

and Emergence of

Key Stakeholders

6

Companies to Watch

CICRET, France

Bracelet that includes a Pico

projector and gesture

recognition technology,

allowing users to control a

connected smartphone using a

projected image on the arm.

Magic Leap, USA

Developing a Wearable

Augmented Reality Platform that

will seamlessly mix virtual

content in real-life environment.

The company has been secretive

about its technology but has

attracted multi-billion dollar

funding.

Companies

to Watch

out for

Fitbit, USA

Fitbit is one of the major success

stories for wearables. The

company was founded in 2007,

and in 2015 filed an IPO with

NYSE listing. The company has a

large portfolio of wearable

products targeting fitness

tracking.

Xiaomi, China

Xiaomi has a commanding presence in

the Chinese market and is growing

globally. A major success factor for

Xiaomi’s wearables has been the low

cost, which allows the company to

target first time users.

Thalmic Labs, USA

The company has developed the

Myo armband that monitors

muscle activity to determine hand

gestures. The technology has the

potential to transform the gesture

control market.

Rithmio, USA

Rithmio has developed a gesture

recognition software platform that

includes machine learning. The

technology will allow higher

accuracy in gestures and

movements determination by

wearables. The machine learning

capability facilitates the

understanding of gestures unique

to individuals.

7


Key Questions

for Strategy planning

What are the major areas of improvement in the

current generation of wearables? Battery Life– The limited battery life of wearables is a

concern that needs to be addressed to enable

convenience to users. Companies can look to leverage

energy harvesting and wireless charging to address this

issue.

Accuracy of Sensed Data–Sensor data tracking

parameters such as steps taken, workout stats often

provide erroneous results. Efforts should be taken to

reduce error percentage to a minimum.

In what ways wearable as a service

can be leveraged?

o Industrial–For monitoring of personnel

o Sports–Specialized training of athletes

o Office–Training of staff

o BCI headsets for monitoring concentration

o Education

o Determining concentration of students

o Understanding interest areas using brain waves

o Consumer Research

o Focus group studies

o Events

o Using wearables to control drones

o Demonstrations

Should I be concerned about the

disruption potential of wearables?

Traditional watch makers and jewelry manufacturers

face disruption due to wearables in various

proportion.

Smart watches are getting into the product portfolio

of watch makers and jewelry makers are also

exploring integration of electronic technologies. This

is primarily because wearables can be worn as

accessories as well which leads to direct competition

to jewelry.

In-house R&D or technology

acquisition? Both are viable options in the current scenario. A host of

promising start-ups as well as university research are leading

to the development of advanced technologies, which can be

readily acquired by big corporations.

However, in industries that are directly impacted such as

consumer electronics and healthcare, developing proprietary

technologies and strengthening IP allows companies to have

greater flexibility in terms of product or solution

development.

Documents

TOP 50 EMERGING TECHNOLOGIES Growth …info.frost.com/TV_Top50technologies_sample.pdf · 2016-09-21 · TOP 50 EMERGING TECHNOLOGIES ... North America and Europe Considered as Lucrative