#automotive #technology #robotics #market
The innovations brought in by industry 4.0 technologies, also termed disruptive technologies are at the core of various businesses, organizations, sectors, industries, countries, and human-tasks as well.
New age disruption induced by such technologies sweeps away the systems or replaces consumer or market habits through a recognizably superior behavior.
Cloud Consulting, Cyber Security, Business Intelligence and Big Data, Artificial Intelligence, and Virtual & Augmented Reality are among the top disruptive technologies leading way towards better business prospects.
And, experts consider mobile internet, automation of knowledge work, the internet of things, cloud technology, Advanced robotics, Autonomous, and near-autonomous vehicles, next-generation genomics, energy storage, 3D printing, advanced materials, advanced oil and gas exploration and recovery, and renewable energy as the Top 12 potentially economically disruptive technologies.
It is estimated that the potential economic impact of 12 technologies across a set of promising applications, based on feasible scenarios for technology advancement, reach, and resulting productivity or value gains that could be achieved by Y 2025. It estimated the potential (rather than realized) value in Y 2025 by assuming that addressable barriers to technology adoption and value creation (such as the need for supporting regulations) can be overcome and that reasonable, necessary investments can be made.
The estimates represent annual value, including consumer surplus, that could be realized in Y 2025 across sized applications. These estimates are not potential revenue, market size, or GDP impact.
Here are the estimations regarding the economic value at the stake of potentially economically disruptive technologies in the automotive sector alone:
Autonomous and Near-Autonomous Vehicle
$4-T Automobile industry revenue
$155-B Revenue from sales of civilian, military, and general aviation aircraft
$2.5-T Revenue from global consumption of gasoline and diesel
$100-B Estimated value of electricity for households currently without access
Have a prosperous weekend, Keep the Faith!