TOP 6 TECHNOLOGY TRENDS FACILITATING GROWTH OPPORTUNITIES_2022 Technology innovations are amongst the key growth enablers for every industry. Increasing globalization and ever-expanding supply-chain networks are... Top 6 Technology Trends Facilitating Growth Opportunities for 2022 *– What's Next?* Top 6 Technology Trends Technologies are Expected to Transform Almost Every Major Industry Technology innovations are amongst the key growth enablers for every industry. Increasing globalization and ever-expanding supplychain networks are parallelly followed by new challenges which require innovative solutions. Investment in research and development activities help industries to stay on the path of continuous improvement, manufacturing market fit products, and ensuring lasting progress. The COVID-19 pandemic impacted every industry and forced every stakeholder to transform their workflow and radicalize the supply chain. Technology solutions such as the adoption of digital technologies and automation enabled many business models to outpace the pandemic, ensuring sustainable growth. Prominent technologies identified to have a ground-breaking impact in the coming years Reinforcement Learning Autonomous Mobile Robots Advanced Batteries Transformative Vaccines Predictive Diagnostics Intelligent Materials RL is emerging as a game changing approach imparting self-learning and constantly improving capabilities to AI systems The cumulative RL market revenue will reach over US$121.3 billion between 2021 and 2025, largely due to growing interest in autonomous driving and robotics applications. RL has been a topic of interest for a long time in research studies across the globe as witnessed by the blooming patent activity on the subject. Google, Fanuc Corp, IBM, and Siemens are noted to be some of the top patent owners globally. Movers & Shakers Microsoft Adobe Google Tesla Nvidia Key Benefits of RL Works with limited inputs and can develop novel problem solving approaches Can be relied upon to make split second decisions in unfamiliar environments Maximized automation based on the simulated environment which learns from experience Emerging Use-Cases for RL Marketing – helping companies to accurately target their customers leading to a high return on investment (RoI) Finance – for predicting future sales and stock prices Manufacturing – building products in an assembly line AMRs with the integrated perception of autonomy is poised to disrupt a wide range of industry sectors AMRs are anticipated to witness a growth of 22.3%, with cumulative industry revenue of USD 129.2 billion between the time frame 2021-2025. Patent filings are mostly skewed towards advancements in navigation techniques and enabling environmental awareness for these robots. Around 70-80% of the overall sales are under the RaaS business model, and the rest is where the customer opts to buy the solutions as an asset. What’s driving growth? The versatility and smartness offered by AMRs make them adept for warehouse management applications across multiple industries. COVID-19 pandemic has pushed OEMs to consider AMR solutions for performing repetitive tasks, especially in the warehouse automation and material industry. The aim is to reduce overall manpower dependency. Recommendations & Best Practices The global warehouse automation industry is expected to witness exponential two-fold growth from 2021 to 2026, with fulfillment requirements in the e-Commerce and warehousing industries being the growth drivers. AMRs are transitioning from pure-play warehouse applications to last-mile delivery, security, home automation, and possible future applications for personal assistance. The ecosystem consists of certain large OEMs and also heavily funded start-ups with a focus mainly on technology development and improving brand value compared to other competitors. The industry should also focus on the development of low-cost AMRs catering to the requirements of SMEs and tier-2 companies. With rapidly declining costs and financial incentives from government bodies, advanced batteries for automotive, behind-the-meter (BTM), and utility/grid-scale storage of renewable energy are set to accelerate the global energy transition. Key R&D Focus Areas Cobalt-free cathode and lithium-metal anode materials Solid-state batteries Sustainable batteries that use abundantly available materials such as sodium, sulfur, etc. Growing demand from current and emerging application segments Electric Vehicles – Advancements in batteries are the need of the hour to cater to the growing demand for safer, low-cost, and long-range EVs. Stationary Energy Storage – The integration of high shares of solar and wind sources in the energy mix is highly dependent on the long-duration storage capabilities of batteries used for grid-scale storage applications. Companies-to-Action BYD, CATL, 24m, VionX Energy, Solid Power, QuantumScape, Redflow, ESS Inc, ProLogium, Primus Power, Invinity, Energy Systems, and Samsung Growth Opportunities in Vaccine Technology Vaccine Technology Platforms Vaccine Formulation Vaccine Manufacturing Vaccine Delivery Platforms Vaccination has been a valuable tool to save millions of lives. However, new vaccine design approaches along with manufacturing, formulation, and delivery systems are transforming vaccines. The next-generation vaccines such as nanoparticles including virus-like particles, mRNA, synthetic & recombinant vaccines offer several advantages. New technologies aim to elicit a strong and long-lasting immune response through both arms of the immune system – cellular and humoral – minimizing side effects and providing protection across all age groups. Key Technology Developments Nucleic acid-based vaccines are likely to commercialize in 2021 - Nucleic acid DNA and RNA-based vaccines do not require laborious production of pathogen proteins and, thus, production is much faster. However, the COVID-19 pandemic has given an opportunity to test several vaccine platforms, and DNA and RNA vaccines are leading the race. Frost & Sullivan estimates that by the end of 2021, approximately 4.12 billion COVID-19 vaccine doses will be delivered globally to immunize three priority target groups. Key Companies-to-Action CureVac, Moderna, Pfizer-BioNTech, Johnson & Johnson, CanSinoBIO, The University of Oxford, and AstraZeneca Predictive Diagnostics The healthcare system is shifting from more reactive to proactive care. Early signs of diseases and disease prognosis can help make better-informed intervention decisions and improve health outcomes. Technologies such as digital biomarkers, AI-based diagnostics, intelligent imaging analysis, and genetic testing enable this technology trend. This trend is key in improving population health. Key Applications Chronic Diseases: Parameter: Metabolic Conditions, Neurodegenerative diseases, Oncology Companies: CureMetrix, Fitbit by Google Respiratory Conditions: Parameter: Body temperature and respiration rate Companies: Qure.ai, Biovitals Sentinel by Biofourmis Drug Development: Parameter: Measurement for precision dosing Companies: Sweatronics Platform By Eccrine Systems, Inc. Factors Driving Disruption Analysis of digital biomarkers can significantly improve the state of personalized treatment and preventive measures for different diseases. Biopharma is using digital biomarkers for precision drug development. Digital biomarkers provide a reactive and preventive approach for better health outcomes. Intelligent Imaging Analysis platforms can address the iron triangle in healthcare by improving the quality of care for more patients, requiring fewer clinicians in a less amount of time, thus providing substantial cost savings. Companies-to-Action Fitbit, Kinsa, Eccrine Systems,Inc., MC10, ResMed, Biofourmis, Ultromics, Ezra, Zebra Medical Vision, Cercare Medical, and Cure Metrix Intelligent Materials Transition in energy, mobility, and electronics industries towards sustainable, greener, and miniaturized devices have created the need for intelligent smart materials that can self-adapt, self-heal and be responsive to external and internal stimuli. These materials can be pre-programmed to act on certain triggers and help in increasing the performance, durability, and efficiency of end products and components. They can also be programmed to exhibit desired characteristics that can help in achieving new product formats and functions. Growth Potential Intelligent materials, also known as 4D Materials or Smart/ Programmable materials, are expected to have a high demand in the energy, internet of things (IoT), aerospace, and automotive industries from 2021 to 2025. Many OEMs are collaborating with material manufacturers to develop products with tunable properties that can meet their specific demands, such as self-healing and scratchproof characteristics. Growth Opportunities As R&D focuses on the synthesis of new intelligent materials, the demand for pre-programmable flexible materials with inbuilt sensing and actuating abilities that allow self-transformation and offer excellent biocompatibility are likely to increase in the soft robotics, tissue engineering, and flexible electronics fields in the near term. Investment Opportunities The future of intelligent materials is very promising, and they are likely to have huge investment opportunities in the development of hydrophobic protective coatings and multifunctional sealants with properties like self-healing, self-cleaning, water-repelling, high temperature, scratch-proofing, resisting corrosion, and gas barrier properties. Their demand is likely to increase in O&G, infrastructure, transportation, and general industrial applications due to their ability to extend a structure's service life in response to external stimuli. Frost & Sullivan has spent the last 60 years learning how to navigate disruption and transformation to create growth opportunities that allow businesses to thrive. 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