2016 Technology Convergence Scenarios (TechVision)
2016 Technology Convergence Scenarios (TechVision)
23-Jun-2016
Global
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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Popular Topics
No Index | No |
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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 |