Friday, January 28, 2005

Emerging Technologies in the 2005 R&D Funding Report

The 2005 R&D Funding Report from Battelle was recently released. The report was published in the January edition of R&D Magazine. You can see the full report at this site. The report indicates that while industry drove R&D spending in the 90s, government spending drives the investment into new technologies today.

In reading the report, I found the key technologies receiving investment to be interesting. In summary form, they are:
--Materials technologies – for medical device implants and harsh environments,
--Medical diagnostic imaging – for noninvasive diagnostics and better interpretation of images,
--Information mining and assessment – ability to rapidly analyze content from a wide range of topics,
--Environment – managing the environment,
--Energy production and distribution – renewable energies including fuel cells, bioenergy, and hydrogen.
--Medical technology – development of methods for diagnostics including devices, feedback-systems, and early-warning systems.
--Anti-terrorism technologies – including bomb detection/deactivation.

In looking at the industry sectors, I saw that total spending in the Bio/Pharmaceutical industry tops the list now exceeding the automotive industry. The list is as follows:

BioPharm $30B
Automotive $27B
Software $24B
Telecom $22B
Semicon $20B
IT $15B
Chemical $13B
Aerospace $11B

I believe this is one indicator showing how we have moved from the “Physics Century” into what is now called the “Bio Century”. Investment, of course, drives technology development – especially emerging technologies. I recommend you read the report and email me with your thoughts. You can reach me at hall.martin@ni.com

Best regards,
Hall T. Martin

6 Comments:

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Monday, October 31, 2005 5:32:00 PM  
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Saturday, November 12, 2005 12:01:00 PM  
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