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Press Releases

Face Mask Material Innovations Needed as Demand Surges Due to the Pandemic, Says Lux Research

Face masks, previously used primarily as a tool for medical and industrial professionals, have become a necessary global consumer product because of the ongoing COVID-19 pandemic. In its newest report, “Mask Up: The Rising Need for Material Innovations in Face Masks,” Lux Research outlines the materials innovations needed to help increase production, make masks suitable for a consumer population, and improve sustainability.

COVID-19, Aging Demographics, and Chronic Diseases Are Pushing Digital Biomarkers Forward as a Critical Element of the $10 Trillion Global Health Market

Digital biomarkers will impact healthcare within the next year and are key to the future of medicine, finds new Lux Research report, “The Lux Take on the Future of Digital Biomarkers.”

Top Emerging Technologies to Watch in 2021: Lux Research Releases Annual List of Transformational Technologies

The new report, “Foresight 2021: Top Emerging Technologies to Watch,” identifies and ranks 12 key technologies that will reshape the world. In addition to highlighting the 12 key overall technologies, for the first time ever, this year’s report ranks the top five technologies across five key industries: chemicals and materials, automotive, food and agriculture, electronics and IT, and energy.

By 2030, Battery Electric Vehicles Will Be Less Reliant on Lightweighting, According to Lux Research

Battery electric vehicles (BEVs) are poised to be the future of the auto industry. Looking toward the future of BEVs, a new report from Lux Research, “Electric Vehicle Lightweighting 2030,” analyzes the future of vehicle lightweighting and necessary BEV success factors over the next decade.

Sensor Advancements Will Be Key to Overcoming Supply Chain Disruptions, Says Lux Research

Supply chain and logistics have been massively disrupted by COVID-19, creating new challenges for retail and manufacturing operations worldwide. In our new report, our experts identify how sensors can be used to improve and modernize logistics across various industries to shore up global supply chain infrastructures.

Despite Billions in Investment, Outdated Innovation Processes Threaten to Derail AI Progress

While manufacturing companies have been investing in AI heavily, the results have been mixed. In our new report, we outline the challenges companies face when it comes to AI innovations and how they can change their innovation processes to improve their success rates with AI.

Lux Research Identifies Key Livestock Antibiotic Alternatives as Global Antimicrobial Resistance Becomes a Major Health Concern

On a global scale, antibiotic overuse and resulting antimicrobial resistance is creating an urgent need to identify alternative animal health solutions. In a new report, “Beyond Antibiotics: The Future of Animal Health Alternatives,” Lux Research identifies seven alternatives to support the animal health industry.

The 6 Megatrends That Will Shape the Food Industry for the Next 30 Years

In the new report, titled “The Food Company of 2050,” Lux analyzed startup trends, social norms, and corporate concerns to identify six megatrends shaping the food industry, outlining what food companies must do now to survive and thrive over the next 30 years.

Digital Transformation for the New Consumer Journey

Accelerated by COVID-19, emerging digital technologies, especially AI and IoT, are fundamentally changing the consumer journey in the consumer product market. Our new report, “The Digital Transformation of the Consumer Journey,” outlines how companies can apply digital technology to enhance the consumer journey for their benefit.

Lux Research Forecasts That the Carbon Fiber Reinforced Plastics Market Will Grow to $64 Billion by 2030

In a new report, “The Future of Carbon Fiber Composites,” Lux Research outlines major challenges and opportunities carbon fibers and CFRPs face and how standardization and recycling are enabling the CFRP market to grow to a $64 billion industry by 2030.

Antimicrobial Coatings Are on the Front Lines of the Fight Against COVID-19

COVID-19 has drastically changed the perception of hygiene and cleanliness, spurring interest in antimicrobial coatings, according to a new report from Lux Research. In the new report, “Antimicrobial Coatings at the Front Line of COVID-19,” Lux outlines key challenges and opportunities for coatings, additives, and materials innovation and how they will impact several major industries

Global Megatrends Will Transform the Chemical Industry Over the Next 20 Years

Over the next 20 years, the chemicals and materials industries will face fundamental changes, forcing them to adopt new skills and develop new goals. These changes will have a major impact on the flow of both materials and information. In the new report “The Chemicals and Materials Company of 2040,” Lux Research outlines the factors impacting these industries and how they will cause large-scale change.

Organizations Must Capitalize on the Next Wave of China’s Innovations, Says Lux Research

China’s emergence as a global innovation powerhouse has proven to be a double-edged sword for global companies – presenting challenges as China seeks to make its companies more competitive in the international market while also bringing historic opportunities for the technology ecosystem. Lux's new report analyzes the key innovators poised to take a global leading position across 10 key industries in 2025 and beyond.

Tech Innovation to Improve Resiliency and Agility Will Be Critical Post-COVID-19, Says Lux Research

The global pandemic has drastically changed the landscape for businesses across all industries, forcing immediate changes – but ones that will have long-term consequences. In the newest report by Lux Research, “The Impact of COVID-19 on Tech Innovation,” Lux outlines five key trends that will define how the world beyond the pandemic will be different.

COVID-19 Accelerates the Energy Transition: Adapt or Perish

Despite the dramatic consequences COVID-19 is having on the global economy, Lux Research predicts the energy transition will be accelerated by several years. Trillions of dollars are expected to flow through economic relief packages into the deployment of low- and zero-carbon infrastructure as well as research and development into technologies that enable it.

Can Personalized Nutrition Overcome Its Massive Obstacles to Play an Integral Role in Health?

The global healthcare industry is under pressure to reduce rising costs and the prevalence of chronic diseases, with personalized nutrition in focus. In its latest report, “Finding Business Success in Personalized Nutrition”, Lux Research outlines its “four P” framework for constructing a winning strategy: price, product, people, and partnerships.

$300 Billion Transportation & Logistics Industry Is Still in Infancy of Digital Transformation

The transportation and logistics industry has observed steady growth for more than 10 years and now represents an over $300 billion industry. The industry has three major challenges – agility, sustainability, and visibility – and companies operating in the industry are hoping to address those challenges through digital transformation.

Storms, Floods, Droughts, and Heat Will Disrupt Chemical Industry Production as Climate Change Impact Grows

Climate-related hazards are poised to massively disrupt the chemicals industry and have already caused hundreds of millions in damage globally.

Over $5 Billion in Investments Focused on the Home Energy Management System, According to Lux Research

More than $5 billion has been invested in the HEM space since the beginning of the new century, with $3.2 billion in venture investments in the past five years alone. These investments show a strong innovation interest, as attention is coming from incumbents in the space.

Preservation Tech is the Key to Driving Higher Margins and Avoiding $1 Trillion in Losses Across the Agrifood Value Chain, Says Lux Research

Food loss and waste (FLW) currently causes an estimated $1 trillion in economic losses globally each year. This constitutes a major humanitarian crisis in addition to an economic one, leading the United Nations to set a goal of reducing global FLW by 50% by 2030.

Lux Research Establishes New Framework for Selecting Robotics Vendors

Businesses are increasingly using robotics across a wide variety of industries, but many companies still fail to understand what’s currently possible with today’s technology or which vendors can provide the solutions they need. In our new report, “Building Robotics Solutions,” we create a framework for selecting robotics vendors based on the key capabilities and level of customization required.

Value of Quantum Computing Remains Uncertain for at Least 10 Years, Says Lux Research

There are significant obstacles in developing quantum computing that are currently limiting, and these obstacles will continue to challenge developers in the coming years. Over the next 10 years, it is uncertain if quantum computing will consistently outperform today's supercomputers for useful business-related problems, if at all.

Lux Research Ranks the Critical Technologies for Surviving COVID-19

COVID-19 poses major challenges for players in every industry, and companies are under tremendous pressure to reopen as quickly as possible, while adhering to regulatory guidelines and keeping employees safe. Our new report addresses the key technologies businesses need to adopt to fight against COVID-19 in the workplace.

Lux Research Predicts Digital Transformation Will Affect $500 Billion of the Global Chemicals and Materials Industry

Our new report outlines use cases already in practice in facets of the chemicals and materials industry and a vision for how digital technologies will reshape the chemicals and materials landscape in the coming decades.

Electric Vehicles Are Declining in Price and Adding Range, but Most Remain Unprofitable, Says Lux Research

We predict that it will take until between 2035 and 2040 for electric vehicles to make up more than half of all vehicle sales. While adoption was tracking ahead of forecasts pre-COVID-19, we believe that impacts from the pandemic will only cause short-term setbacks.

Bioinformatics will Grow Beyond Applications in Healthcare to Create New Opportunities in Agriculture and Food

The largest use of bioinformatics is currently in pharmaceutical discovery, but new and far-reaching opportunities including risk assessment, safety, personalization, diagnostics, and traceability are making bioinformatics impactful across multiple industries, including food and agriculture.

Decarbonization of the Global Energy Trade: A $500 Billion Zero-Carbon Opportunity

Lux Research predicts that a renewable energy supply chain will take decades to establish, but can be cost-effective versus domestic wind and solar in Northern Europe, Southeast Asia, Japan, and Korea

Lux Research Predicts Digital Therapeutics are the Future of Medicine

All healthcare providers will be impacted by the adoption of these new technologies, which also offer opportunities to solve major challenges in healthcare, including rising costs, chronic diseases and aging, and physician burnout.

Textiles and Apparel Industries Will See Future Growth From Materials Innovation

In our new report, “Emerging Materials Opportunities for the Apparel Industry,” we highlight four key megatrends that are driving this shift: the need for sustainability, functionality and differentiation, minimizing supply chain risks, and the trend toward personalization.

The Digital Transformation of Supply Chain Management Lowers Costs and Reduces Risk

A host of digital innovations address the growing pressure to increase overall efficiencies and minimize risks within a rapidly evolving supply chain. Supply chain risks have been making headlines recently with the disruptions caused by the coronavirus.

Soy Dominates Today, but Pea, Canola, Oat, and Other Nontraditional Plant Proteins are Poised for Rapid Growth

Plant-based protein production has grown dramatically in order to meet the increasing demand coming from the swelling global population, expected to reach 10 billion by 2050. In our new report “Plant Proteins: Present & Future,” our experts evaluate 24 crops and their attractiveness as plant protein sources.

More Than Hype, Sustainability is Crucial for Innovation Leaders

In our new report “Making Sense of Sustainability,” Lux addresses three primary questions: whether companies should bother with sustainability at all, how to set the right goals, and how to incorporate sustainability into strategy.

Economics, Not Technology, Pose the Largest Barriers to Building the Hyperloop

“Despite the considerable amount of hype and attention Hyperloop has received and the potentially important role it could play in decarbonizing long-range transit, the concept remains more or less unproven, and serious questions remain about its economic feasibility,” says Lux Research Senior Analyst Christopher Robinson.

Lux Research Predicts Which Chemical Manufacturing Platforms Will Be Electrified By 2050

Electrolysis technologies provide an opportunity for the chemical sector to decarbonize its supply chain and use renewable electricity as an alternative to oil and gas feedstock.

Lux Research Predicts Synthetic Biology Has High Potential as an Alternative Production Method for Chemicals

Synbio has enabled the creation of organisms that use fermentation to produce a wide variety of chemicals from renewable feedstock, which Lux predicts in its new report, “Strategies for Synbio Success,” will evolve this decade from creating niche, environmentally friendly products to creating new molecules not available with current technology.

Natural Language Processing is an Untapped AI Tool for Innovation

“Previously, an investigation was hindered by either the limited knowledge or bias of the primary investigator, both of which are mitigated when using machine learning. A beneficial technology or idea is less likely to be missed due to an error in human judgement,” explained See.

Lux Finds Personalization is Driving Innovation Across Consumer Markets

Recent key developments are shaping industry trends across consumer markets for 2020 and beyond. In a new report, Lux compiled a list of the top developments across applications of digital technologies, resource availability, plant-based foods, and environmental conservation.

Lux Research Predicts Automated Deliveries Will Generate Up To $48.4 Billion in Revenue By 2030

Lux forecasts that the market for parcel delivery will grow from a total of 107 billion parcels delivered in 2019, generating $350 billion in revenue, to 289 billion parcel deliveries in 2030, generating $665 billion in revenue, resulting in a combined annual growth rate (CAGR) of 9.5% in parcel count and 5.8% in market value.

Lux Research Names Bio-Based Intermediate Chemicals With the Greatest Potential for Adoption Over the Next 10 Years

In a new report, “Bio-based Intermediate Chemicals 2019 Update”, Lux Research evaluates 24 intermediates to identify those they believe will have the highest adoption based on production technology and market potential, presenting current scenarios beyond oil prices that are likely to provide opportunities for bio-based chemicals.

Lux Research Forecasts 600,000 MT of alternative proteins for aquaculture feed by 2024

Lux Research’s new report, “Future Fish Feed: Forecasting Alternative Aqua Feed Ingredients,” evaluates insect protein, single-cell protein, and algae protein as options to replace fish meal. In the report, Lux predicts that over the next 30 years, 15 million MT of new protein will be needed for aquaculture.

Lux Predicts Energy Storage Market Will Hit $500 Billion by 2035

The report, “Global Energy Storage Market 2019,” estimates that the three main drivers of energy storage – mobility applications, electronic devices, and stationary storage – will reach an annual combined deployment level of 3,046 GWh over the next 15 years.

Turn On and Plug In: The Evolution of Connected Cars

As recently as the mid-2000s, the concept of a connected car was limited to maps and music. Now, as we begin a new decade, the market for hardware and software systems inside these connected vehicles is expected to reach $12.7 billion by 2030, according to a new report from Lux Research.

In the Future of Plastic Recycling, No Singular Technology Will Dominate

The economics of plastic waste recycling are rapidly changing, pointing to a future where both incumbent and advanced technologies will be used, but decisive advantages for certain technologies will emerge in particular regions depending on waste streams and legislation, according to a recent Lux Research report.

Beyond the AI Hype: Four Factors Businesses Should Consider Before Investing in AI

Despite significant hype, most companies still struggle with how to successfully integrate artificial intelligence into their businesses, according to Lux Research's new report on the state of AI and how companies can improve decision-making around AI.