(LF.9) Industry, Innovation and Infrastructure

In September 2015, 193 world leaders agreed to 17 Global Goals for Sustainable Development. If these Goals are completed, it would mean an end to extreme poverty, inequality and climate change by 2030.
Goal 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.

[New] As more brands jump on the influencer bandwagon - the industry is predicted to reach a value of up to $10bn this year - cutting through is becoming ever more important.
[New] Growing use of 3D printing in automotive industry and rising demand for prototyping and mass customization are expected to drive the 3D printing market during the forecast period.
[New] The gaming industry in Australia has grown by 21 per cent in the past 12 months, with 61 per cent of studios expecting to employ new staff in the coming year.
[New] The year ahead will open with the industry in a state of high nervousness and uncertainty, with most executives across fashion and the wider business world bracing for a slowdown in growth in the global economy.
[New] IDC expects the resource industry to move ahead of both construction and discrete manufacturing to become the second largest industry for drone spending in 2021.
[New] Industry spending on drones will be led by utilities ($1.9 billion), construction ($1.4 billion), and the discrete manufacturing and resource industries.
[New] China's automotive industry is expected to take a massive hit from the rapid spread of the corona virus in the last two weeks, at least in the first quarter of the year but very possibly for longer.
[New] North America dominates the CT scanner market while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2020 to 2027 due to increasing awareness about the advantages of CT scanner and advancement in the healthcare infrastructure.
[New] The industry could produce a £62bn economic boost by 2030, and believes Britain has significant advantages over other countries in pushing autonomous vehicles.
[New] Although AI has the potential to add almost $16 T to the global economy by 2030, 81 percent of business leaders do not understand the data and infrastructure required for AI.
[New] The Lagos Chamber of Commerce and Industry has released its economic outlook for 2020, projecting high cost of doing business in Nigeria.
[New] The world is expected to invest around US$90 tn in infrastructure in the next 15 years alone, resulting in more new roads and railways.
Russia's new installations would account for 84 per cent of new oil and gas pipelines in the Former Soviet Union between 2020 and 2023, with the new infrastructure expected to have a total combined length of 10,497 km.
Natural gas consumption in the United States should slow after 2020 and remain flat through 2030 due to slower industrial sector growth and declines in the power sector: U.S. exports could rise to about 27.0 bcfd by 2030 and remain near there through 2050.
While an increase in project development was evident in 2019, it's unlikely that Australia's mining industry will see any significant year on year increase in demand for project-specific professionals in 2020, although the industry remains hopeful for 2021-22.
Natural gas consumption is expected to remain relatively flat through 2030 because of slower industrial sector growth and a decline in electric power consumption.
In China alone, structural changes in the economy from industry to services, as well as financial tightening as government efforts to control financial risks, are likely to make economic growth slow to 6.3 percent in 2019 and 6.1 percent by 2020, from the previous 6, 6 percent in 2018.
The expansion of oil, gas, and petrochemical infrastructure along the Gulf Coast could add half a billion tons of greenhouse gas emissions to America's total every year by 2030.
Despite the spread of the flight shame phenomenon and industry pledges to address the carbon footprint of aviation, greenhouse gas emissions from commercial flights are expected to increase 300% by 2050, with emissions from China's aviation sector projected to nearly quadruple.
The long-term copper outlook after 2021 may be supported by demand growth in India, increased electric vehicle production and demand in the renewable energy industry.
Owing to a constantly changing pharmaceutical landscape, the industry is expected to witness a moderate 4% to 5% growth in the next 5 to 7 years, to surpass $1.5 trillion by 2025.
Taking into consideration the regional trends, UK orthopedic devices industry, which contributed more than 15% of Europe industry revenue in 2016, will exhibit an appreciable surge over the next few years.

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Last updated: 17 February 2020