By 2020, more than 40 million electric two- and four-wheel vehicles will be sold annually around the world. More than 22.5 billion dlrs will be spent annually to develop safe and secure cities. More than 100 million passenger cars and commercial vehicles will be sold globally. And there will be more than 20 million members in car sharing clubs.
Those are just a few of the 50 "mega trends" that researchers at Frost & Sullivan published on the occasion of its 50th anniversary.
Frost also predicted that there will be more than 1 billion cars on the road by 2020 and that the amount of plastics and composites in a typical car will more than double.
With regard to IT trends, the researchers predicted that by 2020 one out of every five people on earth will own a mobile internet device; 50 pc of the industrial sensing market in the process industry will go wireless; and environmental monitoring and smart structures will be among top-end user applications of sensors.
In addition, Frost said the biggest source of revenue for the IT industry by 2020 will be healthcare related. And it forecast that smart integration technologies, machine-to-machine communication and analytics products will help drive process and manufacturing efficiency.
Among the top 50 technologies most likely to alter industries, fields of research and, possibly, the way people live, the researchers cited:
- Fiber-optic security sensors
- Intelligent robots
- Flexible electronics
- 3D integration
- Smart grid networks
- Advanced storage technologies
- Micro and Nano manufacturing technologies
- Infrastructure as a service solutions
- Hydrogen storage technology
- Wireless sensors