Update: All ABI Research forecasts in this article have been revised to reflect 3Q 2025 estimates.
When it comes to the robotics market, automation-enabling devices like cobots and 5G robots tend to garner a lion’s share of the attention. However, there is one technology that has flown under the radar yet is poised to make just as big of an impact – exoskeletons. By 2030, global revenues will reach more than US$2 billion in this emerging market, with industrial use cases being a major catalyst.
This is part 3 of a series of blogs covering the NVIDIA GTC '22 event. You can read part 1 here and part 2 here.
This is part 2 of a series of blogs covering the NVIDIA GTC '22 event. You can read part 1 here and part 3 here.
This is part 1 of a series of blogs covering the NVIDIA GTC '22 event. You can read part 2 here and part 3 here.
While many industries felt the intense ramifications of the global chip shortage, the government issued ID space has been mostly spared because vendors recognize the importance of citizens obtaining proper IDs and because the market is contract-based. Plus, the demand for IDs hasn’t exactly been soaring given travel restrictions, which is the driving factor behind purchasing a passport. However, as restrictions lift and people begin to travel and go out more, demand for smart ID cards will increase, presenting an emerging challenge in a world where chip supply isn’t expected to fully recover until late 2023 at the earliest.
Although the world is gradually crawling closer to a full escape from the clasp of COVID-19, some of the effects of the pandemic are still being felt in supply chain logistics. As a result of lingering issues, such as labor shortages and port holdups, suppliers are still struggling to meet satisfactory delivery windows.
In 2021, the global cold chain track and monitor telematics technologies market size was US$286 billion, according to ABI Research. By 2027, the cold chain telematics industry will be valued at over US$700 billion and growing at a Compound Annual Growth Rate (CAGR) of 16.6%. As 20% of perishable goods are wasted during shipping, cold chain logistics managers are turning to technological solutions to monitor shipped goods.
With climate change being at the forefront of the public’s conscience, telecommunications operators and vendors need to look for innovative ways to conserve energy. Although 5G is 90% more energy efficient per unit of traffic than 4G, it still requires substantially more overall energy consumption—from heavy traffic load, Massive Multiple-Input Multiple-Output (mMIMO), Radio Access Networks (RANs), and cell site capacity. For example, a 5G base station needs 3X more power than a 4G base station.
Between government regulation and growing consumer interest in eco-friendly products and services, telecommunications (telco) operators have recently felt pressure to invest in sustainable energy solutions. Of all the Greenhouse Gases (GHGs) emitted worldwide, telco operators will be responsible for 2% of them by 2030—on par with the aviation industry, according to the Polytechnic University of Bucharest. Once completely off the radar for business leaders, sustainable technologies have gradually become a new staple in the telco industry.
