BOSTON, Nov. 7, 2019 /PRNewswire/ -- A combination of megatrends, market demand, and new innovations has thrust many technologies into the spotlight. Lux Research – a leading provider of tech-enabled research and advisory services – released its annual report on the tech innovations that are likely to have the greatest impact during the next 10 years. The new report combines the power of insights from technology experts with proprietary data science tools to better guide innovation decision making.
Lux's "20 for 2020" identifies and ranks 20 technologies that will reshape the world, based on innovation interest scores from the Lux Intelligence Engine, along with input from Lux's leading analysts. It provides data-backed context for the ever-shifting technology landscape and insights into how companies can maximize the investment opportunities these data trends reveal.
The Top 5 Technologies are:
5G Networks: From robotic surgery to self-driving cars, 5G will be critical to advances in the internet of things. 5G has officially left the realm of research and entered reality, with more than 2,200 patents being filed this year.
Shared Mobility: With more than $10 billion in funding every year for the past three years, shared mobility – like car-sharing services – are reinventing urban transportation.
Advanced Plastic Recycling: Mission-critical for companies from CPGs to chemicals, China has invested in recycling technology in a big way, with 55% of all patents coming from that country.
Solid-State Batteries: Incumbent Li-ion batteries are hitting a performance plateau, and with more than 500 patents filed last year, solid-state battery production is quickly becoming less theoretical.
Protein Production: Next-generation protein are needed to feed a population of almost 10 billion and received five times the investment of the previous year, landing at more than $200 million.
5G networks claim the top spot in Lux's "20 for 20" report, 12 spots over the previous year's report. In fact, 11 of the 20 technologies on this list did not even appear on the previous year's list, and six of the nine returning technologies moved up in ranking.
"One of the most exciting trends this list highlights is how rapidly the tech innovation landscape is evolving," said Michael Holman, Ph.D., Vice President of Research at Lux. "The number of newcomers on the list, along with progress in returning technologies, shows how rapidly innovation is progressing, creating compelling new growth opportunities as well as disruptive threats to incumbents."
Nine technologies that made the cut in 2019 but were absent from this year's list are listed below. They can be broken down into three categories:
Went Mainstream: Machine learning; Cybersecurity; Microbiome
Changed Form: Wearable technology; Genome editing; Precision medicine
Fell, in Relative Terms: AR/VR; Drones; Perovskite solar; Generative design
Lux Research is a leading provider of tech-enabled research and advisory services, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux empowers clients to make more informed decisions today to ensure future success.