Five trends that will transform the electronics industry in the next decade

So, were coming to the end of the 2019 decade, and what and what an era it’s been! This decade we’ve uncovered so many revelations within the electronic industry. Some being 5G, the iPad and electronic-car charging stations. Within this article, Amy Leary, marketing manager at eBOM.com, is going to talk you though the trends which she believes will dominate the electronics industry in the forthcoming decade and how you can adapt to them.

Robotics Taking Our Jobs

When I say ‘robotics taking our jobs’, I don’t mean that at every restaurant you’ll be served by a talking robot, or when you go to the doctors you’ll be greeted by a machine. According to a new study from Oxford Economics, within the next 11 years there could be 14 million robots put to work in China alone. Within the next decade, low-skilled jobs in poor local economies have a greater chance of robotics taking over their jobs to reduce labour costs. Already, many jobs have been taken over by robots due to lower labour costs and better efficiency. Some examples of jobs which have been lost to robotics would be switchboard operators, bridge toll collectors, factory workers and railway station ticket sellers. I think this trend in the next decade will increase unemployment and cause lower demand for human handled jobs.

Autonomous Driving

Is anyone else really intrigued about the idea of driverless cars? The idea of autonomous vehicles means that mainstream driving will be reinvented, and the concept of being in a vehicle will be a service rather than a manual activity. Already, many well-known companies such as Ford, Audi and Tesla have reiterated that the future is driverless cars. The key benefits of autonomous vehicles are that they’re less prone to accidents and are lighter than the conventional automobiles. Lightweight vehicles save on fuel consumption, which will lower emissions being released. Within the next decade, I believe that autonomous vehicles will be categorized as mainstream and will help create greener transportation. However, I do think that autonomous vehicles will takeover many jobs such as delivery drivers, taxis and public transport drivers. For example, many people get taxis to and from places as they may want to drink – if autonomous vehicles meant that people wouldn’t have to physically drive, then there would be no need to get a taxi as the vehicle would drive solely.

5G

For many who may not know, 5G is the term used for wireless technology. The difference between 5G and 4G is that 5G is believed to be faster, smarter and more efficient. With speeds of up to 100 gigabits per second, 5G is set to be as much as 100 times faster than 4G. According to 5G.com, 5G is set to open up a whole new set of use cases such as: superfast 5G broadband with no need for landlines, super smart factories, car to car and car to infrastructure communication, driverless cars, holographic technology, the arrival of 5G phones, 5G sim only and devices such as 5G TVs, and remote/ distance health care for patients. In my opinion, companies must consider the business implications of having stable and fast internet access everywhere. Data will be easier than ever to receive and transfer. Technology and data are a huge aspect of todays world and the 5G trend will swoop in very quickly.

Artificial Intelligence

Artificial intelligence is the term used for machine intelligence. Artificial intelligence is demonstrated by machines which are in contrast with natural intelligence displayed by humans. I believe that AI in the automotive industry will be a huge trend within the next decade due to the way technology is improving year on year. Artificial intelligence in the automotive sector will result in applications constantly learning and adjusting to the rules of the road. However, there are many dangerous side effects to artificial intelligence. One being the fact that artificial intelligence cannot exhibit human emotions such as hate, sympathy and love. Autonomous Weapons are programmed to kill through artificial intelligence which can pose risks to many innocent people if they fall into the hands of the wrong people. There is lots of controversy regarding whether artificial intelligence is reliable and beneficial. Within the next decade, I think artificial intelligence will be a huge trend within marketing divisions along with the automotive industry. AI can be used in marketing by leveraging information from customers and delivering the right message back to them using their information. For example, if a customer was browsing for computers, AI would use this knowledge to present them computers in advertisements and popups. I think this will be a huge trend within the next decade as it is cost effective and is reliable.

Environmental

The environment is a huge topic currently, with the planets average surface temperate increased by 2 degrees Fahrenheit, there is global concern about the fate of the planet. So far, large companies within the electronics industry such as Mouser Electronics are already doing their bit for the environment. Mouser’s new, smaller, lighter packaging has a significant environmental impact by reducing fuel consumption and emissions during transport. Also, by utilizing a material that is both biodegradable and recyclable, we are lowering the amount of waste. Within in the next decade, the environments wellbeing will be a huge trend due to the popularity it has seen already. Another company within the electronics industry who have already started with the environmental trend would be Dell. With an aim of limiting environmental impacts, Dell has promoted the safe disposal of their products by coming up with an effective and efficient recycling program. Dell allows customers to give back any Dell-branded equipment to the company for free which encourages safe disposal and reduces the overall e-waste count. Within the next decade I think that companies will produce and deliver assets in a greener manner. I believe that customers will prioritise organisations who do are environmentally friendly and contribute to the planet’s wellbeing. Out of all the trends I have listed, I personally believe this would be the most impacted movement.

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