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| Kia EV6 launching early 2022 |
Energy Storage
This will be a year of significant investment in battery manufacturing and improvements in design to reduce costs and increase vehicle range. Expect to see announcements about solid state battery designs and substitution of some lithium components with other materials including nickle and silicon. These developments will help drive growth in electric vehicles and wearables.
Electrification of Transportation
This will be a year of growing market share in new vehicles with electric or hybrid drive trains. This will be influenced by the advances in energy storage listed above as well as improvements in energy harvesting, electric motors and use of advanced materials and in-mold electronics to reduce vehicle weight. Several new models will be introduced through the year and even more in early 2023.
Artificial Intelligence in Engineering
Expanded and more sophisticated uses of artificial intelligence in design will lead to faster development of pharmaceuticals, more interactive web stores and weight reduction in automotive and aeronautic applications. Generative AI combined with improvements in additive manufacturing is particularly promising for enabling the early electrification of small aircraft. Artificial intelligence will also play an increasing role in the photographic industry.
Keep an eye on these trends as you allocate your research time and investment plans for the upcoming year.
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