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Smart City Market Forecast: $1.7 Trillion Budget Ahead, Says Reports

IDTechEx  has published a new report, “Smart Cities Market 2021-2041: Energy, Food, Water, Materials, Transportation Forecasts” explaining how $0.1 to $0.5 trillion smart city budgets are often not in the richest countries and certainly not centered on snooping.

Some technologies in future zero-emission smart cities

Here is infrastructure and vehicle elimination as much as adding things for the zero-emission, verdant, independent future. Uniquely, the 320-page report analyses and forecasts the major disruptive opportunities for radically new city materials, equipment and systems totaling a $1.7 trillion market in 2041. The priority is business opportunities.

The approach is broad because this is an IDTechEx “master” report. Many IDTechEx drill-down reports cascade from it specifically on vertical farming in cities, cultivated meat replacing conventional farms, zero-emission desalination for cities, energy independent cities, robot shuttles, large microLED displays, structural photovoltaics, future stationary energy storage, materials informatics, 5G, required new sensors and so on. Indeed, IDTechEx has the world’s largest collection of new reports on smart city technology opportunities.

This report investigates 151 companies radically transforming 500 cities. Focused on commercial opportunities, best practice and gaps in the market; it has many timelines to 2050 and detailed forecasts 2021-2041. The presentation is easily understood because it mostly consists of new infograms, tables, graphs, diagrams and pictures packed with new information and insights.

IDTechEx has Ph.D. level analysts across the world interviewing in local languages. CEO Raghu Das says, “Smart cities can be energy, food and water independent even in the sea or desert, eliminating pollution, traffic accidents, traffic jams, sidewalks, service staff, fuel supply chains and piping of sewerage and power. Transport is reinvented; smart buildings and city redesign are boosted by the emerging multipurpose materials arriving in walkways, robot shuttles and agrivoltaics. However, we caution about others such as the viability of electricity from road movement or heat and the safety of early deployment of vertical take-off battery air taxis. Hyperloop has major challenges unsolved.”

He continues, “We give many new ideas for smart city materials and hardware based on our appraisal of the latest multipurpose materials research in universities and companies. That includes a lot on materials optically, electronically and electrically multipurpose, some functionally edit-able on arrival. Cities will get new magic from such things as transparent and magnetic concrete and electronically-darkening, electricity-producing glass. Some will even double as light-emitting moving color displays using newly viable transparent OLEDs and micro-LED arrays.”

He enthuses, “Expect robot rooftop greenhouses, robot vertical farms, more varied aquaculture, saline farming, solar desalination farming and blue energy because most cities are on river, sea or saline marsh. We reveal a $100 billion opportunity for zero-emission modular gensets: distributed power is now the name of the game. We appraise ubiquitous sensor systems and information and communications technology advances supporting all this.”

There are ten infograms of the city of the future and its technologies and ten global maps of technologies and issues plus 35 detailed forecasts including primary energy, off-grid harvesting, photovoltaic materials, solar ground surface cladding, smart glass, robot bus, robo-taxi, robot shuttle, vehicle robotic systems by autonomy level, electric light-commercial vehicles, key robotic components, sensors, vertically farmed produce, cultured meat grown in cities to replace living food stock, multifunctional composites.

The Executive Summary and Conclusions are sufficient in itself with 30 important smart cities compared, 16 key conclusions on issues targeted, 7 key conclusions on the primary new technologies to be applied and the 30 most important forecasts. Two chapters then introduce and quantify issues and many examples of the latest solutions. Other chapters go into city energy, food and water independence technology then reinvented city transport. Final chapters cover city cognitive infrastructure, sensor systems and much detail on those vital smart materials.


Aishwarya Saxena

A book geek, with creative mind, an electronics degree, and zealous for writing.Creativity is the one thing in her opinion which drove her to enter into editing field. Allured towards south Indian cuisine and culture, love to discover new cultures and their customs. Relishes in discovering new music genres.

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