2016 Technology Convergence Scenarios (TechVision)

2016 Technology Convergence Scenarios (TechVision)

 

RELEASE DATE
23-Jun-2016
REGION
Global
Research Code: D71D-01-00-00-00
SKU: MX00159-GL-MR_18705

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Description

The '2016 Top Convergence Scenarios' is a powerful technology foresighting deliverable built on the 'Top 50 Emerging Technologies: Growth Opportunities of Strategic Imperative' research. Both outputs are offerings of the TechVision group, the global emerging technology, innovation, and convergence-focused practice of Frost & Sullivan.

This deliverable is an indigenous effort at analyzing the Top 50 emerging technologies, and the strength of interconnects between these technologies to potentially combine with each other. The impact of these probable scenarios is underlined by their capability to: address unmet application/sector/market needs create new products/services/solutions due to the uniqueness of their combined potential drive unlikely players from diverse industries to work with each other accelerate multi-billion dollar market opportunities

Table of Contents

Innovation Engine Kaleidoscope

Top 50 Technologies – Selection Methodology

Global Top 50 Technologies

Top 10 Convergence Scenarios – Selection Methodology

Top 10 Convergence Scenarios – Selection Methodology

Outcome-focused care delivery through XaaS-focused business model

Significant decrease in patent filing activities worldwide

Smart haptic-enabled remote surgeries entail the creation of a hybrid operating room

Early strategic investments in research help sustain competitive advantage

Strategic partnerships are key to deliver XaaS Tele-surgeries

Pay-per-usage and subscription-based payment to deliver haptic-enabled remote surgeries

Adoption of XaaS-based services outweigh lean-focused model in delivering remote surgeries

Targeted, non-invasive drug delivery increasing patient convenience

Gradual rise in innovations and patents indicates the dynamic R&D activity

Intelligent, patient compliant drug delivery system addresses the key drug delivery market challenges

Transdermal drug delivery companies heading toward nanoencapsulation for better delivery and efficacy

Nanoencapsulated transdermal drug delivery system disrupting the traditional drug delivery system

High therapeutic potential and application diversity key to nanoencapsulated drug delivery system success

Point of action for market entry for developers of nanoencapsulated transdermal drug delivery systems

Wearable neuromodulation to facilitate cognition enhancement, analgesia, and concentration

North America leads in wearable neuromodulation patent filings

Stringent regulatory barriers and high cost of invasive procedures to promote the use of wearable solutions

A shift of emphasis from invasive to non-invasive wearable technologies

Collaboration amongst innovators is key to push prototypes to commercialization

XaaS (Cloud-computing) and tDCS can help bolster the wearable neuromodulation market

Key value proposition lies in the non-invasiveness and pricing of wearable neuromodulation devices

An era of personalized cosmeceuticals

Assessment of enabling technologies that will drive the creation of personalized cosmetics

High funding interest across enabling technologies opens up positive market potential

New business models, diversification, and new products key areas of opportunity for stakeholders

Major partnerships across convergence of cosmetics, manufacturing, and pharma

Impact of personalized cosmetics set to have a ripple effect across the stakeholder value chain

Probability of success is directly related to addressing critical needs

Addressing scalability and business models are key technology management strategies to consider

Smart proppants – enabling wireless oil & gas recovery and monitoring

North American region hotbed for innovation

Remote access and control of wells is the long-term future

Innovation ecosystem mostly focused on proppant material development

Increasing number of incremental innovations to help developments in a stable industry

Environmentally conscious approach is the demand of the hour

Co-location to be the preferred business model

Technology convergence scenario for an earthquake rescue system for locating and rescuing trapped survivors

Heavy funding for the development of robotic exoskeleton in the North American region

Earthquake rescue systems pave the way for new market opportunities for the exoskeleton and microbot sector

Lockheed Martin has provided the US Navy with two robotic exoskeletons for testing

New business model opportunities for robotic exoskeleton and microbot manufacturers

In 2015 earthquakes totaled 14,795, and 9,635 fatalities were registered across the globe

Key questions for strategic planning

Data analytics and minute sensing to enhance convergence

Private and public joint ventures can hasten convergence

Development of application-specific sensing solutions and platforms to provide better opportunities

Private stakeholders and universities hold the key

Industries with high particulate emission, hospitals, and similar sensitive environments to benefit immensely

Convergence proves to be highly effective for government bodies and climate modeling

Specific communication and analytics solutions hold research opportunities

AI empowering robots with intelligence and self-functioning capabilities

Government funding is more inclined toward boosting innovation in self-functioning intelligent robots

Industrial will be first sector to converge different technologies

R&D focus on AI and NLP is driving robotics innovation

Self-adapting Robots will Find Applications across Industries

Convergence of technologies provide high growth opportunities

Strategic Perspective on Business Opportunities

Super space suits—enabling exploration of the final frontier

Path breaking innovations to develop next-gen space suit

Multi-functional suits will be the new Swiss army knife in space

Maximum innovations are material based

Best practices will involve product differentiation

Deep space mining expected to become commercially lucrative

Risk-sharing business models to prevail

Addressing food, water, and energy security challenges sustainably

Technology developments thriving in Asia-pacific, funding largely available in North America

Upcoming trends resonate with key market opportunities for food-water-energy nexus solutions

Innovations in waste-to-energy and food waste upcycling to fertilizer and energy dominate

More integrated businesses set to emerge from wide-scale nexus solutions adoption

Current scenarios forecast near-ideal potential for nexus solutions scenario

Entry strategies to consider, key opportunities, and current trends and challenges

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The ‘2016 Top Convergence Scenarios’ is a powerful technology foresighting deliverable built on the ‘Top 50 Emerging Technologies: Growth Opportunities of Strategic Imperative’ research. Both outputs are offerings of the TechVision group, the global emerging technology, innovation, and convergence-focused practice of Frost & Sullivan. This deliverable is an indigenous effort at analyzing the Top 50 emerging technologies, and the strength of interconnects between these technologies to potentially combine with each other. The impact of these probable scenarios is underlined by their capability to: address unmet application/sector/market needs create new products/services/solutions due to the uniqueness of their combined potential drive unlikely players from diverse industries to work with each other accelerate multi-billion dollar market opportunities
More Information
No Index No
Podcast No
Author Ankit Shukla
Industries Cross Industries
WIP Number D71D-01-00-00-00
Keyword 1 Top Emerging Technologies
Keyword 2 Top technologies
Keyword 3 Growth Opportunities of Strategic Imperative
Is Prebook No