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Press Releases

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.