Global frontier technologies market is anticipated to grow at a CAGR of 18.5% during the forecast period (2024-2031). Frontier technologies include artificial intelligence (AI), the Internet of Things (IoT), big data, blockchain, 5G, 3D printing, robotics, drones, gene editing, nanotechnology, and solar photovoltaic (Solar PV). Among these, gene editing is projected to grow significantly during the forecast period (2023-2030). Gene editing holds significant potential in addressing various pressing global challenges, both current and prospective. These challenges consist of the management and potential eradication of infectious and genetic diseases, preventing food scarcity issues, facilitating sustainable manufacturing practices, and mitigating the adverse effects of climate change, among others.
The emergence of start-ups in the gene editing space has enabled technological advancement and robust recent developments. Intellia Therapeutics, Bluebird Bio, ElevateBio, Editas Medicine, Autolus, Sana Biotechnology, Kriya Therapeutics, and other startups are playing crucial roles in the development of gene editing technologies. These start-ups have raised more than $6 billion funding to transform the medicine industry. Recently, in September 2023, UK-based gene editing and modulation tech startup, Pencil Biosciences raised £5.6 million (US $6.8 billion) in Seed funding. Designed to assist the transformation of the gene editing landscape in therapeutic solutions for those with rare diseases and cancer, Pencil Biosciences intends to further develop its platform.
Further, government support for gene editing research and development is also contributing to industry growth. For instance, in October 2023, the National Institutes of Health (NIH) announced its backing for a two-phase grant aimed at financing research into a groundbreaking CRISPR-based gene therapy system. This cutting-edge technology is designed to address genetic brain disorders such as Angelman syndrome and H1-4 (HIST1H1E) syndrome. Yale School of Medicine has been awarded a generous $40 million NIH grant to advance the development of this gene-editing platform, which holds the potential to access and treat the human brain. This innovative genome-editing tool, originating from the first phase of the NIH Common Fund Somatic Cell Genome Editing (SCGE) program, has the promising potential to pave the way for treatments or even cures for numerous neurogenetic conditions.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Type
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- IBM Corp., Google, LLC., Microsoft Corp., Cisco, Inc., Intel Corp., and others.
Frontier Technologies Market Report Segment
By Product
- Artificial Intelligence (AI)
- Big Data
- Internet of Things (IoT)
- Blockchain
- Drone
- Robotics
- Solar PV
- 3D Printing
- 5G
- Gene Editing
- Nanotechnology
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Frontier Technologies Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- 3D Systems Corp.
- ABB, Ltd.
- AeroVironment
- Amazon Web Services, Inc.
- Apple, Inc.
- Applied Materials, Inc.
- AT&T, Inc.
- IO GmbH
- DuPont de Nemours, Inc.
- FANUC Group
- First Solar, Inc.
- Hanwha Qcells
- JinkoSolar Holding Co., Ltd.
- KUKA AG
- Mitsubishi Electric Corporation
- NTT Data Corp.
- NVIDIA Corp.
- Oracle Corp.
- Samsung Electronics Co. Ltd.
- SAP SE
- Schneider Electric SE
- Siemens AG
- Skydio, Inc.
- Stratasys Ltd.
- SunPower Corp
- SZ DJI Technology Co., Ltd.
- The Parrot Group
- Thermos Fisher Scientific, Inc.
- Trina Solar Co., Ltd.
- Yaskawa Electric Robotics Company
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