Despite the COVID-19 pandemic causing a sluggish start to vehicle sales in 2020, electric vehicles emerged as a bright spot, according to new data from Lux Research, a leading provider of tech-enabled research and innovation advisory services.
The technology to design and manufacture optical metamaterials is rapidly maturing, making commercial adoption likely soon, according to Lux Research, a leading provider of tech-enabled research and innovation advisory services. The potential $50 billion market ranges from corrective lenses and consumer devices to industrial, medical, aerospace, automotive, and military equipment.
As climate change concerns are moving to the forefront of consumer minds, the apparel industry has been under pressure to adopt sustainable practices. In the apparel industry, it is critical to develop robust textile recovery infrastructure and scale up textile recycling technologies that can handle mixed post-consumer textile waste.
Global water scarcity is pushing industry to aggressively compete with agriculture and public supply for access to fresh water. With water prices increasing at an average rate of 5% to 11% around the world, industries need to focus on not only recycling and reusing water but also finding value in their waste.
The information technology sector is both a large consumer of renewable electricity and an enabler of the energy transition through digitization. Lux's new report, “The Energy Transition of the IT Sector: Market Forecast and Opportunities,” looks at the activities of the IT sector in the energy transition and assesses the opportunities and threats it may pose to the energy sector.
Lux Research predicts how regional differences in policy and infrastructure will impact the state of the sustainable plastics industry in 2030.
Dwindling demand for cow-based products and growing interest in sustainability are driving innovation in leather alternatives, and now is the time to invest, according to new data from Lux Research. The $400 billion leather goods market is already accepting of alternatives like pleather, on its own a market in the mid-tens of billions of dollars, and with no one-size-fits-all solution, there is ample opportunity to partner or invest.
Lux Research defines wellness as a form of preventative care and identifies the opportunities that lie in leveraging digital tools to support emerging paradigm shifts.
A new report from Lux Research predicts the state of plastics sustainability over the next decade. In 2030, 15% of plastics will be sustainable, fueled primarily by a tripling of global plastics recycling along with strong regulatory action that bans the most problematic types of plastic products.
“Electrification of the automotive industry is no longer a question of ‘if’ but rather ‘how fast,’” explains Chris Robinson, Research Director at Lux and lead author of the report. “The push for electrification is due primarily to two factors – technology improvements and regulations. Because of this, automakers have cumulatively committed to investing hundreds of billions of dollars to design, build, and sell BEVs.”
