3-D Printing
3-D printing technology helps you print parts and materials practically at your desktop. The technology is poised to explode and become as common as a Smartphone, thanks to falling prices in commodities. In the future, 50% of parts used in a jet engine could be manufactured by 3D printers.
The 3-D printing market could nearly double by 2019, and become a $6.5 billion industry from less than $3.5 billion today, according according to Wohlers Associates, the independent consulting firm that provides technical and strategic advice on the new developments and trends in rapid product development, AM, and 3D printing.
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E-cigarettes“Cigarette smoking is injurious to health,” the quote is carried every where from the boxes containing tobacco products to the starting scenes once the theaters roll up curtains. The nicotine addicts try out many ways to combat their addiction like nicotine chewing gum. This is where the technology steps in by offering battery-powered smokes that are ostensibly less toxic than regular cigarettes. They come in both disposable and reusable form.
Though E-cigarettes are only big in US, they will see a 50 percent CAG (Compound Annual Growth) in coming years, depending on regulation and penetration into retail, according to CITI.
Genomics And Personalized MedicineWith advancements in the technology people are inclining more on tweaking the genome make up to avoid dread full diseases like cancer or genetic disorders like Down’s Syndrome, or simply to have strong progeny. The genomics market is already exploding, and sales could increase to $2.1 billion by 2015, compared with $700 million in 2005. So far, cancer screening, pre-natal testing, and "companion diagnostics" (which are used to determine how safe another type of therapy is), are the three main areas where this tech is getting used, but in near future the technology may be used for various other reasons too.
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Mobile PaymentsWith boom in Smartphone market, in near future post of the population in the world will own a handset. Other than its multimedia and connectivity options, the geek gadgets are on the way to become tool for making payments. With NFC (near field communication and Android Beam) the concept is already made its way into mainstream markets. It’s already big in Japan with 55 penetration, as well as emerging markets where cell phones rule. In developed markets, it's likely to be limited to transit and retail transactions.
With about six billion phone subscriptions globally, according to Canada-based IE Market Research Corporation, mobile payments will see a $1 trillion of transaction value by 2016, opening up for new mode of payment.
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